In India, domestic sugar prices fell below production cost last quarter making government-regulated prices for ethanol more attractive to producers. Shree Renuka Sugars, India’s biggest sugar refiner, in a joint venture with state-run oil refiner, Hindustan Petroleum Corp, plans to invest $80 million to build a sugar and ethanol plant. Hindustan Petroleum also plans to […]
Jatropha_Curcas: SciDev contradictions– Is Jatropha Good / Bad? they don’t know! burritojustice: Has a good piece on the myth of ‘sustainable’ cellulosic ethanol. (It’s also the cold fusion of biofuels) bastiatinst: Ethanol Shills Never Tire. agro2: Gen. Wesley K. Clark says Ethanol Key to Fixing Economy, National Security. MicaFPC: very worthwhile read….The economics of ethanol […]
In Hawai’i, the Center for Microbial Oceanography officially opened at the University of Hawaii Manoa, with 10-year budget of up to $90 million from the University of Hawaii, the National Science Foundation, and grants from private foundations. The Center will focus on the study of marine microbes, algal biofuels and ocean thermal energy production. Thermal […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 0.45 percent to 74.75. For the day, Archer Daniels Midland (ADM) fell 0.45 percent to $33.22, while Codexis (CDXS) dropped 6.48 percent to $9.24. Among other equities, Pacific Ethanol (PEIX) fell 5.56 percent to $0.85. Overall, declines led advances 4 to 3 for […]
In Washington, at a White House meeting that included representatives of the Advanced Biofuels Association, the Biotechnology Industry Organization and Algal Biomass Organization., the associations delivered a letter to President Obama, thanking him for his “commitment to developing secure, sustainable, domestic alternatives to imported petroleum.” The joint letter also offered to assist the President as […]
“Nobody gonna love me better I must stick with you forever. Nobody gonna take me higher I must stick with you.” Stickwitu, The Pussycat Dolls In a note yesterday to Digest readers, we made the following prediction: By 2020, all bioenergy businesses that are still businesses, will consider their partnerships to be their #1 asset. […]
In New York state, biodiesel companies are turning towards micro-credit programs to help them get through the tough times as most commercial banks are still risk averse. Designed to serve startup, newly established and growing small businesses, microloans are short-term loans with a ceiling of $50,000, an increase from $35,000 found in the original Recovery […]
In Washington, the Energy Information Agency has released a new report that shows that use of ethanol during the first six months of 2010 grew by 23.4% while use of biodiesel grew by 18.9%. Overall renewable energy use for power grew by 4.7% and biomass now accounts for 50% of renewable power generation in the […]
In China, China Integrated Energy has bought the 50,000 metric ton biodiesel plant in Chongqing City for $16.5 million from Chongqing Tianrun Energy Development Co., adding to the company’s current 100,000 ton biodiesel production capacity. CIE says that its experience in biodiesel production will increase gross margins at its new acquisition to 30%. It expects […]
In Hawaii, Aloha Petroleum delivered the state’s first supply of E85 to the Marine Corp’s base for use in more than 70 flex-fuel vehicles. The company hopes the new E85 pump will pave the way for widespread use of the fuel across the state where there are 15,000 flex-fuel vehicles. Aloha already sells B20 at […]
