In South Dakota, the American Coalition for Ethanol (ACE), a national advocacy association for the U.S. ethanol industry, released this statement following President Obama’s remarks yesterday on energy policy and gasoline prices. “We appreciate that the President talked about biofuels in his remarks on how to cope with gasoline prices today. While there is no […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, rebounded 1.51 percent to 74.55 as biodiesel-oriented stocks rose. For the day, BP regained 0.85 percent to $47.27, while Renewable Energy Group (REGI) jumped 5.74 percent to $9.77 on strong earnings. Among other equities, KiOR (KIOR) jumped 4.61 percent to $10.44. Overall, advances led […]
Ceres breaks out of the pre-IPO logjam with $65M IPO; is the soft initial demand good news or bad news for an industry hit by post-IPO share price blues? In California, Ceres raised $65 million yesterday in its initial public offering of 5,000,000 shares of common stock, which priced at $13.00 per share after a […]
RFA CEO Bob Dinneen comes out swinging at the RFA’s annual shindig. In Florida, the 17th annual National Ethanol Conference will get underway today as 1200 delegates gather in Orlando. First up on the dais, Renewable Fuels Association CEO Bob Dinneen, who will give his annual “State of the Industry” address this morning. Dinneen is […]
In Washington State, Blue Marble Biomaterials announced that they have recently signed a memorandum of understanding to begin development of a bio-refinery pilot at a North American Anheuser-Busch facility. The project will convert spent grains and biogas from the brewing process into chemicals that can be used in other applications, such as food, cosmetics, and […]
In California, Miguel Motta has been named COO of SG Biofuels, after serving since 2010 as VP of marketing and strategy. Motta will oversee marketing, business development, global operations and HR for the elite seed developer. In related news, CFO Jeff Davids left the company to lead the Global Clean Technology practice at DavenportMajor Executive […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, rebounded 0.34 percent to 73.69 despite a fall at Mission NewEnergy. For the day, BP slipped 1.57 percent to $46.87 while Codexis (CDXS) rebounded 4.86 percent to $3.88. Among other equities, Mission NewEnergy (MNEL) fell 20.45 percent to $1.05. Overall, advances led declines 3 […]
As President Obama orders a sweeping increase in the USDA’s BioPreferred Program, new research suggests a $80 billion US financial gain that results from domestic fuels and bio-based products over the next 10 years. In Washington, President Obama issued a Presidential Memorandum yesterday directing the Federal Government to take decisive steps to dramatically increase the […]
In California, Solazyme announced fourth quarter revenues of $14.9 million and a loss of $15.6 million, and total 2011 revenue of $39.0 million and a 2011 loss of $54.0 million. In 2010, the company recorded $38.0 million in revenue including $23.2 million in Q4. The company ended the year with $244 million in cash and […]
In Florida, Green Earth Technologies has unveiled a new line-up of lubricants for the 2012 season, featuring a full line-up of American Petroleum Institute Certified motor oils in various weights and sizes, including Ultimate Biodegradable Bio-based Advanced Full Synthetic, Full Synthetic, Synthetic Blend, Conventional and 2X Refined Motor Oils. This brings GET up from two […]
