n Brazil, Valor Economico is reporting that Archer Daniels Midland may sell a 49 percent stake in the Limeira do Oeste mill and ethanol plant in Minas Gerais The company signed a $500M deal in 2008. VE named Alco Group and Noble Group as potential buyers for the plant, which has a crushing capacity of […]
In Washington, the Obama Administration developed and has been debating an option to kill the Section 1705 DOE Loan Guarantee program, and transfer remaining funds to a pool for Section 1603 investment tax credits that, as currently structured, are unavailable for biofuels. Solar, wind win, biofuels lose The big potential winner, wind energy, and possibly […]
In California, Amyris posted a 3Q10 loss of $19.6 million on revenue of $24.2 million, of which 91 percent represented third-party marketing sales by Amyris Fuels. “Amyris is obviously not an earnings story for the time being, so much more relevant than current financials is the farnesene commercialization roadmap, with two distinct “tracks,” wrote Raymond […]
In Pennsylvania, East Coast Energy Solutions is trying its hand again to develop a corn ethanol facility in Warren County after having been shot down two years ago in a neighboring community. The new proposal in Pohatcong Township has good rail access, which the former site lacked, but this time it may run up against […]
In Canada, AMG Bioenergy Resources Holdings Ltd announced that it has just signed a Letter of Intent with China Zhejiang Biodiesel Co, Ltd to acquire the 330 hectares of eucalyptus and 145 hectares of jatropha plantation assets that CZBC has developed in Guangdong province, Southern China for $2.57 million. More on the story.
In Sudan, White Nile Sugar has assigned its construction contracts for two ethanol projects to China CAMC Engineering. The plants are expected to commence production in April 2012 using sugar cane as a feedstock. The project will also produce animal feed, and will have a capacity of 12.2 million gallons per year of ethanol and […]
NoSaltSugarfree: We must never use land for growing biofuels, when people are dying, because they’ve no foods. FreePublicTrans: Biofuels Fallacy: Why Burning Plants Instead of Fossil Fuels Won’t Save the Climate. jasonjcrawford: Biofuels is just another resource and land grab by big corporations. CarlaJNeal: BIOENERGY NEWS: Thailand to Shift Focus on Jatropha for Biofuel: gds44: […]
In New York, Bloomberg is reporting that profits in ethanol production are up to $0.27 per gallon, swinging from losses as high as $0.06 per gallon during the summer. The rising profits come in spite of corn prices, which have risen 40 percent high. Among factors benefiting ethanol producers: 20 percent increases in ethanol prices, […]
In Washington, the Center for American Progress has rolled out a post-election bipartisan energy agenda, in a report titled “Cooperation or Confrontation”. The agenda features passage of the NAT GAS Act to provide tax incentives for the purchase of natural-gas-fueled trucks, incentives for the HOME STAR program for energy efficiency, and an independent Clean Energy […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, dropped 0.74 percent to 76.86 as ethanol and cellulosic ethanol stocks waned. For the day, Archer Daniels Midland (ADM) fell 0.67 percent to $31.35, while Gushan (GU) rocketed up 11.34 percent to $1.08. Among other equities, Verenium (VRNM) dropped 3.19 percent to $3.64. Overall, […]
