Archive for October, 2008
GreenHunter Energy acquires L&L, biodiesel distribution network
In Texas, GreenHunter Energy announced an agreement to acquire L&L Holdings, which includes seventeen facilities along the Gulf Coast, including deepwater terminal access at three locations. The transaction is valued at $27.5 million and will be all-cash. GreenHunter has not yet closed the financing for the deal, which will bring GreenHunter a distribution network for [...]
McCain, Obama candidates for Energy, Agriculture, EPA, Interior and climate czar
In Washington, names for a potential Obama administration energy team were published in a Grist article. Candidates for Secretary of Energy include Jason Grumet, Ed Rendell and Dan Reicher. The short list for EPA Administrator includes Environmental Protection Agency administrator Mary Nichols, Kathleen McGinty and Dan Esty. For Secretary of Agriculture, candidates include Gov. Tom [...]
Minnesota Pollution Control Agency Citizens’ Board delays MinnErgy ethanol permit decision by a month
In Minnesota, the Minnesota Pollution Control Agency Citizens’ Board postponed a final decision on the proposed $133 million MinnErgy ethanol plant in Eyota. The Board said it will review more data on emissions and water and make a decision next month. The issue is whether the project must complete an $150,000 environmental impact review, which [...]
Kenya expects $500 million in biofuels investment in next two years
In Kenya, a top agricultural ministry official said that he expects $500 million in new foreign direct investment in the country related to biofuels in the next two years. Romano Kiome, permanent secretary in the agriculture ministry, told Reuters that he expects investments related to jatropha, croton, sweet sorghum and sugar, based on favorable leases [...]
Aventine Renewable Energy reports Q3 income up on flat sales
In Illinois, Aventine Renewable Energy announced its third quarter results, with revenues flat at $599.6 million compared to $601.8 million for the second quarter. The company recorded a profit of $2.5 million for the quarter, reversing a Q2 loss caused by losses in divesting auction rate securities. The company generated $56 million in positive cash [...]
Today in Biofuels Opinion: ” McCain also has promised Iowa corn farmers that they can kiss goodbye their costly, distorted, environmentally ruinous ethanol program.”
Deroy Murdock in the Seattle Post-Intelligencer: “McCain-Palin’s “all of the above” approach would include fast-tracking 45 atomic power plants for construction by 2030. McCain also has promised Iowa corn farmers that they can kiss goodbye their costly, distorted, environmentally ruinous ethanol program.
{Obama] would increase mandated ethanol production 67 percent by 2030 — never mind the [...]
Global Clean Energy Holdings to acquire Technology Alternatives; Belize and Mexican jatropha operations are joined
In Mexico, Global Clean Energy Holdings announced that it has acquired the Technology Alternatives, which owns a 400 acre jatropha farm in Belize. Technology Associates provides scientific advisory services relating to jatropha, including soil and farming technical assistance. The acquisition will provide support to GCEH’s jatropha operations in Mexico.
Brazilian ethanol, sugar equities plunge in Q3; Cosan announces share buy back; indexes down more than 50 percent
In Brazil, share prices of renewable energy indexes and giants have been crashing despite the robust outlook for clean energy. The New Energy Finance Renewable Energy Index benchmark fell 65.5% in the third quarter, with sugar giant Sao Martinho dropping 55.9 percent and Acucor Guarani (the largest ethanol stock on Bovespa) plunging 81.5 percent over [...]
Corn ethanol reduces greenhouse gases by 40 percent compared to gasoline, and can expand to 33 billion gallons by 2030, new studies find
The Illinois Corn Growers Association released two studies from the ProExporter Network and the University of Illinois’ Chicago’s Energy Resources Center, that conclude that US ethanol production has a superior net energy return compared to gasoline refining, and can grow in production vulme without impact on food prices. The life-cycle study conclued that ethanol reduces [...]
US clean energy journalists vote biofuels the most promising energy solution
In Massachusetts, an Omnicom and Marketwire survey of 118 energy, agriculture, and environment reporters concluded that 23 percent of journalists see biofuels as the most promising energy solution, with 21 percent favoring solar, 16 percent identifying natural gas and 16 percent opted for wind. 63 percent said that they are “not confident” that the United [...]


