In Florida, The Digest reports that the Top 10 capital raises for 2016 to date for company development — and pilot, demonstration and commercial-scale projects. Average deal size among the Top 10 was $18.9M and the median size was $19.6M.
In Washington, the US Energy Department is making $90 million in project funding available, focused on designing, constructing and operating integrated biorefinery facilities. Project Development for Pilot and Demonstration Scale Manufacturing of Biofuels, Bioproducts, and Biopower is a funding opportunity meant to assist in the construction of bioenergy infrastructure to integrate cutting-edge pretreatment, process, and […]
In Texas, Genscape Vesseltracker detected a shipment of 4,200 tons (about 1.3 million gallons) of Australian biodiesel arriving at the Texas Terminals Wharf in the Houston area. According to the EIA, the U.S. hasn’t seen biodiesel imports from Australia since January 2013. Genscape’s most recent blog post, “Rare Biodiesel Import to the U.S. from Australia […]
One of the valued Digesterati, Peter Brown of FFA Fuels, promotes his company these days with the pithy slogan, “Fuels from the Worst Waste Around.” Which of course raises the legitimate question, what is the worst waste, and can we find a use for it? Discussions of worst waste will usually focus on the obvious — […]
In California, Biossance announced The Blacklist ─ 2,000+ common cosmetic ingredients it refuses to use due to safety and environmental concerns. The regulatory environment in the U.S. affords cosmetic brands the opportunity to use potentially harmful ingredients in cosmetic products. Biossance has created higher standards by adopting rigorous ingredient selection guidelines and omitting ingredients that […]
In Washington, the Renewable Fuels Association has released an analysis of data recently released by the California Air Resources Board (CARB) regarding California’s Low Carbon Fuel Standard (LCFS), highlighting ethanol as a significant factor in the reduction of CA’s greenhouse gas emissions. The RFA analysis shows that the majority of carbon credits approved have been for […]
In Germany, UFOP reports that 2016 oilseed production in the EU-28 could see a slight rise from the previous year. However, whereas an increase is expected in soybeans and sunflowers, the rapeseed harvest could dip further. This situation supports prices. The EU-28 member states are estimated to harvest 31.6 million tonnes of oilseeds in 2016, approximately […]
In Belgium, EuropaBio invited small and medium sized biotech companies (SMEs) across Europe to apply for the 7th edition of the Most Innovative European Biotech SME Award – a unique annual initiative recognizing biotech innovation and its contribution to society. Depending on their field of activity, SMEs can apply in 3 categories: healthcare, agricultural or […]
In California, Pacific Ethanol reported revenue of $342.4mn, below consensus estimates of $360.4mn. The company posted adjusted EPS of ($0.32) well behind the Wall Street consensus forecast of ($0.13). Management highlighted strong year over year EBITDA results of $1.6mn. Cowen & Company’s Jeffrey Osborne wrote: “Pacific Ethanol continues to face strong headwinds from the macro […]
In California, TerraVia reported total revenue of $10.9mn, down from consensus estimates $11.9mn, respectively. The ~13.6% y/y decrease was primarily the impact of strategic refocusing of the business, which led to a subsequent de-emphasis on revenue derived from industrial applications. Cowen & Company’s Jeffrey Osborne wrote: “[TerraVia] provided more insight into its transition into a Food, […]
