The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, gained 0.22 percent to a new 26-month high of 75.95 as equities broadly advanced. For the day, Archer Daniels Midland (ADM) plunged 6.59 percent to $31.59 on weak earnings, while Rentech (RTK) jumped 4.31 percent to $1.21. Among other equities, Pacific Ethanol (PEIX) rebounded […]
In Florida, INEOS New Planet BioEnergy has awarded the EPC contract to build its 8 million gallon per year advanced bioenergy facility in Vero Beach to AMEC of Tucker, GA. The facility will also produce up to 6 MW of renewable power from municipal solid waste and yard and wood residues, enough to power more […]
In Washington, the Energy Information Agency believes that 2011 cellulosic ethanol production will come in far below original estimates at around 3.94 million gallons. That’s far below the 17.1 million gallons proposed in October as the quota for cellulosic biofuels under the RFS2 and only a tiny fraction of the 250 million gallons estimated in […]
In Wisconsin, DuBay Biofuel-Greenwood LLC was awarded a state energy loan for $1.9 million toward its $7.6 million facility that will produce ethanol from whey—a waste product of the cheesemaking industry. The 3 mgy facility is a scale-up of the company’s pilot facility and is expected to be up and running by the end of […]
In Washington, a report released by Friends of the Earth demonstrates the ways in which the biofuels industry influences legislation through lobbying expenditures and campaign contributions. The report, entitled “Buying Bills: How the Biofuels Industry Influences Congress to Waste Your Taxpayer Dollars” is based on public data that shows industry lobbying and campaign contributions in […]
In China, Brazil’s Petrobras is in negotiations with an unnamed Chinese company to buy shares in the ethanol powerhouse as well as for an offtake agreement for ethanol supply. The MOU was signed earlier this year but negotiations are still at an early stage. The ethanol would be traded by the Chinese company for domestic […]
In India, the fight between ethanol for fuel and ethanol for the chemical industry has continued with a federal expert group calling for a 400 million liter cap put on blending. Already the government has required national oil companies to source 1 billion liters of ethanol in order to ensure a nationwide blending of 5% […]
In Taiwan, Toyota’s trading company, Toyota Tsusho has established a joint venture with Taiwan’s China Man-Made Fiber Corp, Greencol Taiwan with an initial capitalization of USD $123 million. Greencol will import sugar cane based ethanol from Braskem in Brazil, to produce mono ethylene glycol, a precursor to PET plastic. Toyota over the last month has […]
heavenstraight: Biofuels With Bite: As the era of petroleum-based fuel wanes, innovative thinkers are rapidly developing bio-fuel. ilr_science: Money may not grow on trees, but energy could grow in grass. MikeHowie: Schwarzenegger pumps E85, but is California’s ARB following science on ethanol? benlubbon: GrowthEnergy Jim Nussle joins… Is this the start of a big push […]
In Illinois, researchers from the University of Illinois have published a study in the journal Global Change Biology Bioenergy that shows growing energy grasses in southern Illinois and Missouri could do better than growing corn and soybeans. The study explores the socioeconomic and biophysical aspects of miscanthus and switchgrass on a county-by-county. The researchers used […]
