In Denmark, Novozymes released their group financial report for 2011, stating Growth in local currencies was 10% compared to 2010. EBIT increased by 11% and took the EBIT margin to 22.3% despite a negative impact from higher raw material prices, acquisitions, and unfavorable currency rates. Net profit grew by 13%, and free cash flow before […]
In Zimbabwe, Green Fuel is forging ahead, as they report they expect to reach their full electrical generation capacity of 18MWe by July. Their Chisumbanje plant will only consume 8MWe for their sugarcane to ethanol plant. The remaining 10MWe will be supplied to Zesa, however concerns were expressed about Zesa’s power grid, noting that it […]
In Germany, BASF announced that they are concentrating their plant biotechnology activities on the main markets in North and South America. The headquarters of BASF Plant Science will be moved from Limburgerhof, Germany, to Raleigh, North Carolina. Research and development activities will be concentrated mainly in Raleigh, Ghent, Belgium and Berlin, Germany. Development and commercialization […]
In Tennessee, the Oak Ridge National Laboratory and the U.S. Coast Guard have embarked on a three year project to determine the highest acceptable levels of biobutanol in gasoline engines, and biodiesel in their diesel plants. The U.S.C.G. has chosen to use biobutanol instead of ethanol in their small gasoline engines. The project will also […]
In Washington, Rep. Pete Olson (R-TX) introduced the Domestic Alternative Fuels Act, bill HR 3773. The bill would change the current Renewable Fuel Standard to include ethanol source from other sources such as domestic coal and natural gas, as a new independent fuel category called Domestic Alternative Fuel. At his website, Olson has written endorsements […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, edged up 0.19 percent to 72.47 as advanced biofuels stocks led the way. For the day, BP rose 0.34 percent to $44.71, while Solazyme (SZYM) gained 5.24 percent to $11.05. Among other equities, Gevo (GEVO) gained 1.10 percent to $6.42. Overall, advances and declines […]
In Vero Beach, the INEOS Bio New Planet Energy cellulosic project nears completion. What’s in it for Vero, as it contemplates life as Florida’s little Arabia? During the middle of April this year, across the United States, there will be observances of Tax Freedom Day. As many know, Americans will work well over three […]
In Iowa, the Renewable Energy Group IPO priced last night, and the company’s shares will begin trading today on NASDAQ under the REGI symbol. The company sold 7.2 million shares at $10 per share, well below its midpoint target of $14 per share announced last week, with total proceeds of up to $82.8 million if […]
In Oregon, state officials estimate that the Oregon Energy Department’s Small Scale Energy Loan Program will cost taxpayers $20 million over the next five years after three of its main investments including a biofuels plant and a solar facility failed, making it impossible for the fund to continue to pay for itself as it has […]
In Missouri, the United Soybean Board and soybean checkoff will team with nine cities through the DOE’s “Clean Cities” coalition to promote the use of soy oil-based biodiesel and bioheat. The checkoff program will provide $200,000 to the nine cities via a reimbursement program for communications activities.
