In California, Cereplast entered into a stock purchase agreement with Ironridge Technology Co. on August 24th, for the sale of up to $5 million of convertible redeemable Series A Preferred Stock at a price of $10,000 per share. Cereplast announced the closing of the sale on August 31. More on the story.
In California, Codexis announced the appointment of David O’Toole as Senior Vice President and Chief Financial Officer, effective September 4, 2012. O’Toole served most recently as Vice President and Chief Financial Officer at Response Genetics, Inc. (NASDAQ: RGDX), a company focused on the development and sale of molecular diagnostic tests for cancer and analytical testing services of […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, slipped 0.30 percent to 60.81 as large caps declined. For the day, BP dropped 1.02 percent to $41.63, while Solazyme fell 3.17 percent to $11.61. Among other equities, KiOR (KIOR) fell 3.79 percent to $7.36. Overall, declines led advances 7 to 6 for the […]
Despite low levels of publicity, North Dakota and Montana are making great strides in bioeconomy development – with a combination of strong R&D, feedstock abundance and some hot processing technologies. The Dakotas used to be best-known, in billboard lore, for the 300-or so highways signs promoting Wall Drug that stretch several hundred miles in either […]
In Wisconsin, a team of University of Wisconsin-Madison engineers aims to create a sustainable alternative source of commodity chemicals currently derived from an ever-decreasing supply of fossil fuel using cyanobacteria, carbon dioxide and sunlight. Funded through a $2 million grant from the National Science Foundation Emerging Frontiers in Research and Innovation program, the team will […]
As the US and Canada take a day off, we look at the hottest advanced technologies developing in Asia. Today, the US and Canada are celebrating Labor Day, but hard work goes on throughout Asia. Advanced biorefineries have a special place in that region’s growth plans, owing to a shortage of fossil fuels, and abundance […]
In Washington, the Renewable Fuels Association said that, as 28 million Americas and Canadians hit the road for the Labor Day holidays, that ethanol reduced the average American household’s spending on gasoline by more than $1,200 in 2011. “Since 2000, the $0.29-per-gallon price dampening impact of greater domestic ethanol use has saved the American economy […]
In Oklahoma, Syntroleum confirmed that the Dynamic Fuels Geismar Plant was not damaged by Hurricane Isaac. The plant’s operations staff is preparing the facility for restart. Syntroleum has a 50% interest in Dynamic Fuels, LLC, which operates a 75 million gallon per year renewable fuels facility located in Geismar, utilizing its Bio-Synfining technology. More on the story.
In Nebraska, Valero Energy spokesman Bill Day said “We’re always exploring opportunities,” in response to questions as to whether ethanol plant closures could lead to new acquisitions by Valero. At the same time, Day confirmed that operations at its own idled plants in Albion, Nebraska and Linden, Indiana are expected to restart soon, when corn […]
In the UK, TMO Renewables, Green Biologics, British Airways, Ensus, BP, Johnson Matthey, Croda, INEOS Bio, Harvest Energy and Greenergy were named to the Top 10 among “Britain’s most progressive biofuel and biochemical companies,” by bioeconomy consulting form NNFCC. More on the story.
