Archive for October, 2007
Brazil produces record 384 million gallons of ethanol in October as development accelerates
In Brazil, ethanol production reached a record 384 million gallons in October, but unlike the US where increased production is resulting in a glut, Brazil is facing an ethanol shortage as soon as next April. In comparison, US production reached a record level of 565 million gallons in August.
Despite the US ethanol glut, Brazil is [...]
China fuel shortage crisis escalates; one killed in riot
In China, fuel riots have begun because of shortages. The shortages are affecting Shanghai, the southeast coastal provinces, and are spreading to the interior. Diesel is fixed-priced at $2.42 in China, about one third of the price in European markets, and fuel companies are getting squeezed by soaring crude oil costs, leading to production cutbacks [...]
India faces spiraling deficit from rising oil prices; ethanol production still lags
In India, the Additional Secretary, Ministry of Petroleum and Natural Gas projected that $90 oil would lead to a trade deficit of $26 billion.
Meeting the crisis that will come from the spiraling cost of oil is causing major challenges in India.
Earlier this month, the South Indian Sugar Mills Association said that of 180 sugar mills [...]
Poet offers new details on cellulosic ethanol plant, including $30-$60 per ton range for corn fiber and cob purchases
In Iowa, Poet added new details regarding its Emmitsburg, IA cellulosic ethanol plant, jointly funded with the US Department of Energy. The plant will produce 125 Mgy of ethanol, of which 25 Mgy will come from corn fiber and cobs.
The plant, which will be operational in 2011, will pay between $30 and $60 per ton [...]
VeraSun reaches 560 million gallons in annual ethanol capacity, halfway to goal of 1 billion
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 announced that it will not pursue biodiesel production until industry economic conditions improve. The company is developing a process to extract corn oil [...]
US ethanol production up 3 percent as price recovers
U.S. ethanol production increased to to 434,000 barrels a day in August, up 3 percent for the month. Fuel ethanol prices fell to $1.75 per gallon at the Chicago Board of Trade. The price of ethanol has recovered 15 percent since reaching a low of $1.515 per gallon in late September.
Daily Biofuels Summary for October 30: US Senator Dorgan, fuel marketers, Energy Secretary reveal highly divergent views on ethanol incentive structure
Top Story:
Speaking in North Dakota, US Energy Secretary Samuel Bodman said that government mandates are less than ideal but might be necessary to boost the use of alternative fuels. “Sure, I’d like to get things done without mandates,” Bodman was quoted in chron.com as saying, adding that mandates are “proven to be a requirement in [...]
Oilsource forms JV with Abundant Biofuels to produce jatropha biodiesel in Colombia
In Colombia, Oilsource Holding Group has formed a joint venture with Abundant Biofuels to produce jatropha-based biodiesel in Colombia. The joint venture plans to plant 100,000 hectares with jatropha curcas, in an investment program totaling $45 million.
Recently, a study by the University of Wisconsin-Madison Nelson Institute for Environmental Studies ranked Malaysia, Thailand, Colombia, Uruguay and [...]
The Colorado Center for Biorefining and Biofuels awards $500,000 in research grants
The Colorado Center for Biorefining and Biofuels awarded grants of $50,000 to 10 renewable-energy projects, including five to research teams from CU-Boulder, two each to teams from CSU and and the Colorado School of Mines, and one from NREL.
The Colorado Center for Biorefining and Biofuels is a joint venture of the University of Colorado [...]
European Commission reportedly considering biofuel crop subsidy cut
The European Commission (EC) is planning to cut biofuels crop subsidies, according to Sega. The program of 45 euro per hectare subsidies was initiated when 310,000 hectares had been devoted to biofuels. In 2007, the figure has jumped to 2,840,000 hectares.
The new Transatlantic Economic Council (TEC), which meets in Washington in November, is expected to [...]

