Archive for December, 2007
Farm Credit Council asks if banks will “sit back and wait for someone else to take the financing risk to get the industry up and running”
The Farm Credit Council said that, following the singing of the Energy Independence and Security Act, that US industry will require $105.5 billion in capital to meet the new Renewable Fuel Standard.
Council director Ken Auer questioned whether commercial bankers would “sit back and wait for someone else to take the financing risk to get the [...]
Cato Institute says “If you want to be president and you’re running in the Iowa caucuses, you have to support ethanol.”
Jerry Taylor of the Cato Institute says “If you want to be president and you’re running in the Iowa caucuses, you have to support ethanol.” Among major candidates, only John McCain has been strongly opposed to ethanol subsidies, but points out that he is opposed to all subsidies, even those which benefit his home state.
A [...]
Biofuels Digest Indexâ„¢ jumps 1.70 percent to 52-week high of 135.83 as Archer-Daniels-Midland surges
The Biofuels Digest Indexâ„¢, a basket of public biofuels stocks, rose 1.70 percent on Friday to close at a 52-week high of 135.83. Archer Daniels Midland (ADM), up 2.28 percent to $47.09. led the way as investors continued to embrace biofuels in the wake of the signing of the Energy Act.
Mid cap ethanol, stocks were [...]
Today in Biofuels: Trends to Watch for 2008; What Bali Means to You; $150 oil?
Top Story:As lead story in our Year End Edition, Biofuels Digest published its Trends to Watch for 2008.
Producer News:Biofuels Digest published a short report on producer and financial trends, titled “Think Sustainable, Not Renewable”.
International News:Balloting is continuing for the Biofuels Digest Biofuels Personality of the Year. Voting continues through December 31st, when the winners will [...]
Money and Markets predicts $150 oil by end of 2008
The Money and Markets newsletter predicts $150 oil by the end of 2008, in comparison to a price prediction of $105 per barrel from Goldman Sachs and $85 from the Energy Information Administration.
The International Energy Agency released a report projecting a severe energy supply shortage by no later than 2015. The report warned that increasing [...]
European biodiesel industry slammed by soaring costs, loss of green group support, production glut, loss of tax breaks and US competition
The Wall Street Journal provides coverage of problems in the European biodiesel industry, including a production glut, soaring costs, loss of support from green groups over the use of Malaysian and Indonesian palm oil, the cancellation of tax breaks by national governments, competition from subsidized US biodiesel, and a B5 blend wall.
European biodiesel now costs [...]
Thailand’s PTT to market E20, offer $0.75 per gallon discount to unleaded gasoline, in bid to reduce oil use
In Thailand, PTT said it will supply E20 blended fuel to its customers, and price the fuel at a $0.75 per gallon discount to regular unleaded gasoline.
The move is designed to stimulate use of ethanol and reduce Thailand’s dependence on imported oil.
Kansas consumers to test E20, E30 and E50 in pilot project to study fuel efficiency
The Kansas Department of Agriculture has launched a project to offer flex-fuel vehicle owners a choice of E10, E20, E30, E50 and E85 at selected service stations, and will study the fuel efficiency.
A study by University of North Dakota and University of Minnesota researchers released earlier this month showed that cars achieved higher fuel efficiency [...]
Biofuels Digest Indexâ„¢ gains 0.35 percent to reach 52-week high of 133.56
The Biofuels Digest Indexâ„¢, a basket of public biofuels stocks, closed Thursday at 133.59, up 0,35 as the Index reached a new 52-week high of 133.56. The Index has risen more than 38 percent since October 3rd in the wake of improving ethanol margins and the signing of the Energy Independence Act.
Among large cap [...]
US biodiesel production plunges to 22 percent of capacity; feedstock costs, low demand are culprits
The National Biodiesel Board reports that US biodiesel producers are operating at 22 percent of their 1.85 billion gallon capacity, due to high feedstock prices and low demand from petroleum marketers. The NBB said that US biodiesel production would reach 400 million gallons in 2007.
The group said that the United States produced 250 million gallons [...]


