VeraSun Energy announced that it will not pursue biodiesel production until industry economic conditions improve. The company is developing a process to extract corn oil from distillers grains, which could be used as a biodiesel feedstock, and the company is constructing a plant in Aurora, SD for oil extraction, and will also build similar facilities in Fort Dodge, IA and Charles City, IA.
But VeraSun said it would concentrate on selling the oil to other producers, rather than entering the biodiesel production business.
VeraSun (VSE) recently suspended construction of its 110 Mgy corn ethanol plant in Reynolds, IN due to the fall in ethanol prices. The company said it would restart construction in 2008.
In England, Ineos announced that it has postponed plans to develop a $100 million biodiesel project in Grangemouth, Scotland. The company attributed the move to the "unprecedented volatility and uncer...
VeraSun Energy announced that, with the launch of its new Albion, NE plant, it had reached the halfway point of its goal of 1 billion gallons per year in ethanol production.
VeraSun recently an...
In New Zealand, Argent Energy has cancelled plans for a $73 million investment in tallow biodiesel production, saying that government biofuel policies are favoring ethanol imports over domestic biodie...
In Sweden, OKQ8 cancelled plans to sell Neste Oil biodiesel from Finland, bowing to pressure from Greenpeace over destruction of Malaysian rainforest to create the palm oil which is Neste's primary fe...
In Texas, Renewable Energy Group opened its 35 Mgy multi feedstock biodiesel plant in Seabrook. One of the first large-scale biodiesel plants on the Gulf Coast, the plant's ownership believes that the...
Plans for groundbreaking have been announced for a $65 million biodiesel facility in Massachusetts....
