Wisconsin sets 25 x 25 renewables goal; earmarks $150 million for renewables investments
March 26, 2008
In Wisconsin, Gov. Jim Doyle said that the state will award $150 million over 10 years from the Wisconsin Energy Independence Fund, to encourage energy efficiency and renewable energy. The governor called for the state to generate 25 percent of its power and fuels from renewables by 2025.
County gives OK to 55 Mgy Cilion Ethanol plant in California
March 26, 2008
In California, Kern County Supervisors approved the 55 Mgy Cilion corn ethanol plant proposed for Famoso. Groundwater usage and wastewater concerns had been considered in the environmental report on the plant, but ultimately the county board voted 4-1 in favor of the plant.
Ohio State converts buses to B20 biodiesel
March 26, 2008
Ohio State University has converted its CABS buses to a B20 blend as part of a campus-wide effort to “be greener”.
E3 Biofuels says plant shut-down and bankruptcy not caused by manure-to-power system
March 26, 2008
In Nebraska, E3 Biofuels said that the plant’s shutdown and bankruptcy filing was not the result of its pioneering methane digestion system that provides power to the plant, but in the 25 Mgy ethanol plant. The company’s conversion of manure to power had been considered a model of closed-loop, carbon-mitigating biofuel development. The company has not yet announced plans to resume operations.
Corn, soybean futures rise sharply on weak US dollar
March 26, 2008
The Chicago Board of Trade corn prices rose 20 cents to $5.44 for the benchmark May contract Tuesday, while soybeans rose 50 cents to $13.07 per bushel. Speculation is rising as investors await a report from the USDA on annual planting acreage of corn, soybeans and wheat in the US. The weakening US dollar was blamed for the price increases.
Biofuels Digest Index gains 2.07 percent to 118.18 as agribusiness recovers
March 26, 2008
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, gained 2.07 percent to close at 118.18 as diversified agribusiness improved strongly. For the day, Archer Daniels Midland (ADM) gained 2.18 percent to close at $41.79, while The Andersons (ANDE) was up 1.61 percent to finish at $44.21. Among ethanol stocks Verasun Energy (VSE) gained 3.96 percent to close at $7.61 as its merger with US BioEnergy (USBE) approaches completion this week. Overall, advances led declines 5 to 2.
Galp, Visabeira to produce biofuels from 150,000 hectares in Mozambique
March 26, 2008
In Mozambique, Galp Energia and Visabeira Moçambique signed an agreement to produce biofuels from crops such as jatropha planted on up to 150,000 hectares in Mazambique. The resulting oils would be processed either in Mozambique for the domestic market, or shipped to a Galp biodiesel plant in Portugal for the European market.
Jatropha Biofuels Technologies announces 20 percent gain in jatropha oil extraction
March 26, 2008
In Wyoming, Jatropha Biofuels Technologies said that initial tests showed that its jatropha oil extraction will process produce more than 20 percent more oil over current, expeller technologies, and is more scalable. The technology uses high pressure gas to maximize extraction rates.
German trade association says ethanol industry needs protection against Brazilian ethanol
March 26, 2008
In Germany, the CEO of the VDB, a biofuel trade association, has called on the German government to prevent cheap Brazilian ethanol from entering the German market, saying that German firms could not compete and that their existence was threatened. Germany mandates an E2 blend in all gasoline, but grain prices have made German ethanol uncompetitive with Brazil’s sugarcane-based product. According to the Guardian, Germany produced 310,000 tonnes of bioethanol last year, down 10 percent from 2006.
US Canadian Biofuels, Home Fed Savings reach agreement to complete Beatrice Biodiesel
March 26, 2008
In Nebraska, U.S. Canadian Biofuels reached an agreement with Home Federal Savings Bank to release enough collateral to complete construction of Beatrice Biodiesel plant. Construction had shut down after an acquisition failed last month due to financing issues. The company has identified another undisclosed buyer, which required the company to complete construction. Under the agreement, US Canadian Biofuels will sell the plant before June 30.
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