The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, slumped 1.74 percent to 60.30 as enzyme shares dropped. For the day, Codexis (CDXS) plummeted 21.29 percent to $2.44 on Shell news, while Renewable Energy Group (REGI) fell 4.89 percent to $4.86. Among other equities, Amyris (AMRS) recovered 2.60 percent to $3.95. Overall, declines […]
A two-part series in which Digest contributor Tim Sklar looks at where the wood pellet and torrified wood markets are headed. By Tim Sklar Many experts familiar with the WP industry he expect demand for wood pellets in Europe to increase from 10 million metric tons per year today to 5 times that by 2020. […]
Codexis expects to lose all of Shell funding, win freedom to operate globally (excepting Brazil). Pyrrhic victory or the necessary price of freedom? In California, Codexis (CDXS) announced that it expects to obtain rights from Shell to market its CodeXyme cellulase enzymes to other cellulosic biofuels developers, (excluding Brazil) and that Shell will discontinue its […]
In Florida, INEOS Bio announced that its joint venture project in Florida has been granted Parts 79 and 80 registrations from the U.S. Environmental Protection Agency (EPA) for the production and sale of advanced cellulosic biofuels from non-food vegetative waste materials. Construction on the Indian River BioEnergy Center (“Center”) was completed in June and the […]
In Oklahoma, Syntroleum reported Q2 operating income of $8.0 million resulting from total revenues of $12.1 million and operating expenses of $4.1 million. Syntroleum’s net income was $6.9 million or $0.07 per share and $5 million or $0.05 per share, respectively, for the three months and six months ended June 30, 2012, compared with net […]
In China, FuturaGene has launched four field trials for selection and improvement of plant species in Gansu province, in northwestern China. The trials will evaluate the potential of woody crops and certain shrub varieties to combat desertification, enable soil regeneration and produce economic offtake for biopower and liquid biofuels. These trials represent the start of […]
In Germany, BRAIN AG and Evonik Industries announced a cooperative effort to develop novel microorganisms with unique, selective binding- and adsorption characteristics on selected surfaces. The goal of the two companies is to integrate selected microorganisms into an industrial-scale. BRAIN will contribute its expertise in biotechnology, microbiology and the development of pilot processes, while Evonik […]
In New York, Chemical Compounds, a quarterly analysis of M&A activity in the global chemicals industry by PwC, is reporting that 32 deals took place during the second quarter of 2012, compared to 22 deals in the first quarter of 2012. However, the deal value during the second quarter of 2012 decreased to $11.8 billion […]
In California, the state Energy Commission today unanimously approved funding of $1,974,330 for the expansion and upgrade of a biodiesel production facility and buy-downs of alternative-fuel vehicles. The awards improve the environment, reduce use of foreign oil and help to fulfill the state’s pioneering climate-change policies. They are available through the Energy Commission’s Alternative and […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, dipped 0.26 percent to 61.37 as ethanol dropped. For the day, Biofuel Energy (BIOF) shed 6.36 percent to $3.09, while Syntroleum (SYNM) jumped 16.92 percent to $0.76 . Among other equities, Solazyme (SZYM) dropped 2.56 percent to $12.20. Overall, declines led advances 5 to […]
