Archive for March, 2008
Ohio awards $4 million in grans to six biofuel research projects
In Ohio, the Third Frontier Commission awarded more than $4 million in grants to six advanced biofuels projects in the state.
Winners included: Velocys for a microchannel reactor technology to produce transportation fuels from biomass feedstocks, including synthetic jet fuel and diesel;Â The Ohio State University Research Foundation,for a process modifying biological organisms in order to [...]
Today in Biofuels: BioTown USA falters, Ethanex files for bankruptcy; 20 percent increase in global ethanol demand through 2011
Top Story:In Indiana, the future of the “BioTown USA” of Reynolds is troubled, according to an Associated Press profile. The town’s nickname is drawn from a 2005 plan to become the first US town to draw all of its power, gas and fuel needs from 100% renewable energy, . The cancellation of a nearby VeraSun [...]
BioTown USA runs into hard times as “all-renewable energy” strategy falters
In Indiana, the future of the “BioTown USA” of Reynolds is troubled, according to an Associated Press profile. The town’s nickname stem from a 2005 plan to become the first US town to draw all of its power, gas and fuel needs from 100% renewable energy. The cancellation of a nearby VeraSun Energy corn ethanol [...]
UK top scientist calls for “sustainablity clause” in biofuel mandates
In England, Professor Robert Watson, the government’s top-ranking environment scientist said that the recent Renewable Fuel Transport Obligation needed a “sustainability” clause to ensure that biofuels do not compete for land with staple food crops and or speed up deforestation.Watson told Radio 4 “It would obviously be insane if we had a policy to try [...]
Auditors express dount over Verenium’s “ability to continue as a going concern”
In Massachusetts, auditors for Verenium expressed doubt “uncertainty in our ability to continue as a going concern” in a 10-K filing with the SEC. The company has accumulated a deficit of $437 million to date, and a cash shortage looms despite $174 million in private placements completed in 2006 and 2007. The company said that [...]
Global ethanol demand to rise 20 percent per year through 2011: study available
Bharatbook.com said that global ethanol demand will increase 20 percent per year through 2011, in releasing its four-year ethanol demand forecast. The forecast covers 17 countries with projections for 2011 and 2016.
Ethanol holding gas prices down by up to 9 cents per gallon
The American Coalition for Ethanol said that cost of gasoline is between 6 and 9 cents per gallon lower because of the impact of ethanol. In related news, Blue Ridge Biofuels said that biodiesel prices have climbed to as high as $4.25 per gallon because of feedstock prices.
POET plant in South Dakota reaches 100 Mgy in capacity expansion
In South Dakota, the POET Biorefining ethanol plant in Chancellor has reached its production capacity of 100 Mgy only 24 hours after completing a capacity expansion. The plant produced 51 Mgy in 2007, and was expanded in a project that commenced in early 2007. A waste wood burner is still under construction that will provide [...]
Innovation Fuels launches European biodiesel marketing arm
In New York, Innovation Fuels and Arpadis Group have launched a joint venture, Innovation Fuels Europe, to market and distribute biodiesel to Europe. Innovation has a 40 Mgy biodiesel facility in New York that it undergoing expansion, as well as a project underway in Wisconsin.
Morgan Stanley projects 20 percent rise in corn, soybean prices in 2008
Morgan Stanley is projecting that corn and soybean prices will increase 20 percent in 2008, to $6 per bushel for corn and $18 per bushel for soybeans. The Morgan Stanley research team said “U.S. production of corn and soybeans in the near term is inadequate to meet growing ethanol and export demand. Prices will need [...]
