Here’s our 10-minute version of the filing, slightly re-organized to make sense to Earthlings instead of aliens from the Planet Prospectus. In the Netherlands, bioplastics maker Avantium is planning an initial public offering and listing of all shares on Euronext Amsterdam and Euronext Brussels. The company expects to raise up to €100 million (USD$106 million) […]
Because burning fuels in an internal combustion engine produces CO2 and water as its byproducts, the idea of reverse combustion has been hanging around the halls of science for a long, long time. That is, recombining CO2 and water back into an energy carrier — a fuel. It’s a simple concept, but over the years […]
In Nebraska, Green Plains reported net income of $18.7 million for Q4, or $0.47 per diluted share, compared with net loss of $(3.6) million, or $(0.09) per diluted share, for the same period in 2015. Revenues were $932.1 million for the fourth quarter of 2016 compared with $739.9 million for the same period last year. […]
In Washington, in a letter to President Donald Trump this week, the U.S. Grains Council (USGC), Renewable Fuels Association and Growth Energy are asking for help “in urgently addressing China’s recent implementation of protectionist trade barriers that are shutting out U.S. exports of ethanol and distillers dried grains (DDGS).” Specifically, the three groups are asking […]
In Washington, according to EIA data as analyzed by the Renewable Fuels Association, US ethanol production averaged 1.055 million barrels per day—or 44.31 million gallons daily. That is down 6,000 b/d from last week’s all-time high. The four-week average for ethanol production stood at 1.055 million b/d for an annualized rate of 16.17 billion gallons, […]
In Germany, UFOP reports that prices for vegetable oils fell from their high levels. Ample supply, decreasing demand and the firm euro rate sent asking prices on a slide. The German trade group said that scarce supply caused palm oil prices to rise by 18 per cent since October 2016. Over the past several months, […]
In South Dakota, POET’s biorefining facility in Chancellor, South Dakota reached a production milestone of 1 billion gallons of high-quality ethanol in 2016, placing it at the vanguard of a rapidly-growing biofuels sector in the United States. The facility was also the first POET plant to hit 500 million gallons, a benchmark achieved in 2011. […]
In Washington, the US Energy Information Agency released its February Short-Term Energy Outlook (STEO), and reported that implied global petroleum and liquid fuels inventories are estimated to have increased by 0.8 million barrels per day (b/d) in 2016. EIA expects the oil market to be relatively balanced in 2017 and 2018, with inventory draws averaging […]
In Illinois, Archer Daniels Midland Company (NYSE: ADM) reported Q4 earnings of $424 million, or $0.73 per Share, and $0.75 per Share on an Adjusted Basis. The company noted adjusted segment operating profit up over 30 percent compared to prior fourth quarter, and said that it expected improvements across all businesses, project launches lead to […]
This past week, a group headed by former Secretaries of State George Shultz and Jim Baker proposed dramatically to introduce a $40 per ton carbon tax in order to address the rising threat from global warming. The good news is that the proposal comes at the onset of a Republican Administration and comes from former […]
