In Washington, two separate studies released this week by Iowa State University and Purdue University, directly refute the suggestion from livestock and poultry groups that waiving the US Renewable Fuel Standard would dramatically reduce corn prices and increase availability. The Purdue University analysis showed that the flexibility built into the RFS—namely the ability of refiners […]
In South Dakota, POET CEO Jeff Lautt called on the EPA to resist requests to waive the US Renewable Fuel Standard. “A Renewable Fuel Standard waiver would accomplish little in terms of near-term drought relief but have significant long-term effects on agriculture markets and those very farmers who are facing challenges today. There is flexibility […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, jumped 1.33 percent to 61.89 as advanced biofuels and enzyme stocks gained. For the day, Novozymes (NZMB) surged 5.52 percent to $26.38 on a good earnings report, while Amyris (AMRS) dropped 3.46 percent to $3.91. Among other equities, Renewable Energy Group (REGI) rallied another […]
Analysts are bullish as KiOR’s drop-in biofuels technology transitions to commercial phase – what factors are driving all the good vibes? There are a lot of Eeyores around the advanced biofuels space these days – well, around the United States and to a great extent the EU as a whole, really. Gloomy, pessimistic, chronically depressed. […]
In Minnesota, Segetis that it has raised $25.5 million in its Series C financing. Saudi Basic Industries Corporation (SABIC) Ventures B.V. led the investment with full participation by current Segetis investors including Khosla Ventures, Malaysia Life Science Capital Fund (MLSCF), and Royal DSM, through its venturing subsidiary DSM Venturing. A new Malaysian-based investor, PNB Equity […]
In Denmark, Novozymes has developed a fungus that enables production of malic acid from renewable raw materials instead of oil. Malic acid is used as a flavor enhancer in the food industry and can be converted into other chemical derivatives used for a variety of plastic, polymer and resin products. Along with succinic acid and […]
In California, in addition to joining the Segetis board, former Genencor CEO Tjerk de Ruiter has this week been named chairman of the board of LS9, replacing company co-founder Noubar Afeyan, who will remain as a board member. de Ruiter left Genencor at the time of Dupont’s acquisition of Genencor’s corporate parent, Danisco, after many […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, jumped up 1.43 percent to 61.08 as advanced biofuels and large caps gained. For the day, Lignol (LEC.V) jumped 30.77 percent to $0.09, while Amyris (AMRS) escalated 4.38 percent to $4.05. Among other equities, Renewable Energy Group (REGI) rallied 26.60 percent to $5.95 on […]
As REG reports record Q2 revenues, what’s the price, production, and feedstock outlook for the “here today, made at home, advanced biofuel”? In Iowa, Renewable Energy Group announced revenue for the second quarter of $271.9 million, up 39 percent compared to Q2 2011, and second quarter earnings of $26.5 million, up 3% – based on […]
In Washington, the governors of North Carolina, Arkansas, Maryland and Delaware made a formal request for a waiver of the Renewable Fuel Standard, in response to the 2012 US drought, which has caused a sharp fall in US corn crop estimates. Yesterday, the RFA conducted a webinar on the topic which can be replayed here. […]
