Archive for November, 2007
Pennsylvania legislature considers adding more rail infrastructure to support biofuels expansion
In Pennsylvania, the state legislature is considering a bill to provide support for more rail infrastructure to move biofuels more effectively to consumers and fleets. Rail improvements are considered essential for safety, cost and road maintenance reasons.
However, in the last budget cycle the state received $91 million in requests for its $20 million earmarked for [...]
Biofuels Digest Indexâ„¢ gains 1.06 percent as ethanol stocks soar; Pacific Ethanol up 41 percent in wake of VeraSun, US BioEnergy merger
The Biofuels Digest Indexâ„¢, a basket of public biofuel stocks, rose 1.06 percent yesterday, buoyed by news of the VeraSun (VSE) merger with US BioEnergy (USBE). VeraSun (VSE) was up 3.10 percent to close at $10.97, while US BioEnergy (USBE) rose 4.86 percent to finish at $8.42 after rising throughout the week.
Pacific Ethanol (PEIX), which [...]
VeraSun Energy and US BioEnergy announce merger: form world’s largest ethanol producer
VeraSun Energy (VSE) and US BioEnergy Corp. (USBE) today announced they have entered into a definitive merger agreement. The merger is expected to close during the first quarter of 2008, pending approvals.
The deal, in which USBE shareholders will receive approximately $680 million of VeraSun stock, will create the world’s largest ethanol producer, with a planned [...]
Today in Biofuels: 20 billion gallon biofuel mandate still in US Energy Bill as deal nears; $300 million investment in Brazil; Asian water crisis looms
Top Story:
In Washington, details continued to emerge regarding the imminent Energy Bill. According to reports, the proposed legislation would mandate the use of 20.5 billion gallons of biofuels by 2015, including 15 billion gallons of conventional ethanol from corn, and one billion gallons of biodiesel. The bill’s language would require the use of “advanced biofuels”, [...]
US Energy Bill to mandate 20.5 billion gallons of ethanol by 2015; includes biodiesel mandate for first time
In Washington, details continued to emerge regarding the imminent Energy Bill. According to reports, the proposed legislation would mandate the use of 20.5 billion gallons of biofuels by 2015, including 15 billion gallons of conventional ethanol from corn, and one billion gallons of biodiesel.
The bill’s language would require the use of “advanced biofuels”, meaning primarily [...]
Ethanex Energy to acquire 26 Mgy Midwest Renewable Energy ethanol plant in Kansas; capacity to expand to 111 Mgy
In Kansas, Ethanex Energy will acquire the 26 Mgy Midwest Renewable Energy corn ethanol plant. The base price for the existing plant is $50 million, with a formula for a total price of $220 million, which includes the financing of the completion of the plant’s expansion to 111 Mgy.
Ag Energy Resources ready for construction on 7 Mgy corn ethanol plant
In Illinois, Ag Energy Resources has cleared all regulatory and financial hurdles and is set to begin construction of its 7 Mgy corn ethanol plant. Financial backing for the plant came from People’s National Bank in Benton and a $4.6 million loan from the USDA.
Illinois ranks second among US states in corn ethanol production (the [...]
American Biofuels gets go-ahead for 115 Mgy corn ethanol plant in Falls, PA
In Pennsylvania, Falls township gave the green light to American Biofuel’s 115 Mgy corn ethanol plant. The $200 million plant will be constructed on a 72-acre property that was formerly home to US Steel.
Gov. Rendell recemtly reintroduced the Pennsylvania energy plan to a joint session of the state legislature. The centerpiece is a $850 million [...]
Comanche Clean Energy to invest $300 million in Brazilian ethanol and biodiesel
In Brazil, Comanche Clean Energy will invest $300 million in ethanol and biodiesel production in the state of Maranhao. The ethanol plant will have a capacity of 79 Mgy, while the biodiesel operation has a planned capacity of 38 Mgy. Last year, Comanche acquired two ethanol plants in Sao Paulo state and a biodiesel [...]
Pursuit Dynamics says new product increases corn ethanol yields up 20 percent, to 3.3 gallons per bushel
Pursuit Dynamics, in England, will commence production of a new product next year that, in tests, have increased ethanol yields up to 3.3 gallons per bushel. Current optimal yield are in the 2.8 gallon per bushel range. This could push production in the US over 500 gallons per acre and result in up to a [...]


