In California, writing in The Scientist, Heather Youngs and Chris Somerville of the Energy Biosciences Institute of the University of California, Berkeley, projected that biofuels can be scaled sufficiently to provide 30 percent of US transport fuels by 2037. “Approximately 18 percent of the Earth’s terrestrial surface, including much of the 600 million hectares of […]
In Switzerland, Bioseutica, a producer of highly purified pharmaceutical-grade Omega-3 fatty acids, and BioProcess Algae, a Rhode Island based algal feedstocks company have entered into a commercial supply agreement for the production of EPA-rich Omega-3 oils for use in concentrated EPA products for nutritional and/or pharmaceutical applications. Under the agreement, BioProcess Algae will supply microalgal […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, dropped 1.30 percent to 64.48 as advanced biofuels stocks tumbled. For the day, Gevo (GEVO) slumped 7.38 percent to $4.52, while KiOR (KIOR) dropped 6.03 percent to $9.35. Among other equities, Solazyme (SZYM) shed 10.45 percent to $12.70. Overall, declines led advances 7 to […]
In New York, a Reuters report, based on the latest ethanol production numbers, advises that “The ethanol industry is bracing for its worst spell since the bankruptcy-ridden days of 2007 and 2008,” after US ethanol production dropped to its lowest levels in 10 months. US blend wall issues, corn prices, and falling corn stocks in […]
In California, Raymond James analyst Pavel Molchanov downgraded Solazyme to Market Perform, for technical reasons, as the stock has rallied to within a few percentage points of the RJ estimate of its discounted cash flow. “Following this rating change, Solazyme becomes our third Market Perform-rated stock in the biofuel arena. The key difference is that […]
In California, Pacific Ethanol announced it has closed its previously announced underwritten public offering of 28.0 million units at a public offering price of $0.43 per unit, for gross offering proceeds of $12.0 million. The warrants are exercisable immediately. The Series I Warrants have a 5-year term and an exercise price of $0.63 per share. […]
In Guatemala, the Guardian has published a scathing report on mass evictions in the Polochic valley in southern Guatemala, which it says are being used to clear land for sugarcane cultivation, which will be used to supply sugarcane ethanol for European markets. Staff from the Guatemala Campesino Unity Committee said that 800 families, totaling 3200 […]
In the UK, Waste Management World is highlighting a used cooking oil biofuels facility in Devon. Living Fuels is collecting used cooking oil from 17 recycling centers across Devon, sites operated by SITA UK in partnership with Devon County Council. Living Fuels then produces LF100 using its End of Waste process, which it markets as […]
In South Africa, Public Enterprises Minister Malusi Gigaba announced, at the launch of the Climate Change Policy Framework for State-owned companies, that his department would issue a draft South AFrican aviation biofuel strategy, some time during Q3 2012. The government has brought together technical groups to consider options, after South African Airlines said that it […]
In Tennessee, the identification of key proteins in a group of heat-loving bacteria by researchers at the Department of Energy’s BioEnergy Science Center could help light a fire under next-generation biofuel production. Scientists have long been on the hunt for cost-effective ways to break down complex plant material such as switchgrass in order to access sugars […]
