In Washington, according to EIA data as analyzed by the Renewable Fuels Association, ethanol production averaged 973,000 barrels per day (b/d)—or 40.87 million gallons daily. That is down 11,000 b/d from the week before. The four-week average for ethanol production stood at 978,000 b/d for an annualized rate of 14.99 billion gallons. Stocks of ethanol […]
In Ontario, Bioindustrial Innovation Canada has completed phase 1 of a project to assess the economic viability of the agricultural biomass to cellulosic sugar value chain in Canada. The Cellulosic Sugar Production Project is designed to evaluate, develop and physically validate agricultural biomass to sugars and co-products conversion technologies for commercial scale-up application. Currently in […]
In Ontario, the Ontario Federation of Agriculture and La Coop fédéréem, after two years of work with value chain players, including farmers, have been able to reduce projected corn stalk costs by 40%, the partners announced. Previous studies confirmed ample crop residue supply, however cost projections based on published literature available at that time were […]
In Iowa, Renewable Energy Group has expanded its line of credit agreement with Wells Fargo Capital Finance, LLC from $40 million to $60 million. In a filing with the Securities and Exchange Commission, REG disclosed that two wholly-owned subsidiaries exercised their option to expand the original line of credit, which was obtained in 2011. In […]
In Pennsylvania, New Holland Agriculture announced plans to assist SUNY researchers in a $3.5 million research project aiming to reduce the cost of delivering biomass for refinement, New Holland Agriculture will provide SUNY with an FR9080 self-propelled forage harvester with 130FB coppice header for use in the DOE research project. The forage harvester and header […]
From New York, Raymond James energy analyst Pavel Molchanov writes, “Despite the headwinds of low energy prices, clean tech capital markets activity will likely set a record in 2015. In our clean tech update from January, we pointed out that the U.S.-listed clean tech universe’s oil price exposure can be broadly segmented into three “buckets.” […]
The Biofuels Digest Index, an index of publicly traded biofuels stocks, dumped 2.13 percent to a 6-year low of 58.91 as advanced biofuels tumbled sharply. For the day, Abengoa (ABGB) plunged 14.53 percent to $12.35, while Solazyme (SZYM) dropped 7.92 percent to $2.50. Among other equities, Ceres (CERE) plummeted 12.43 percent to $1.62. Overall, declines […]
Tell us about your company and it’s role in the Advanced Bioeconomy. Exelus is developing a first-of-a-kind process to convert virtually any type of ligno-cellulosic biomass into a clean, environmentally friendly “Bio-naphtha” a paraffinic hydrocarbon similar to fossil-based light naphtha. Bio-naphtha can then be converted in a conventional refinery or petrochemical complex into a whole […]
The Biofuels Digest Index, an index of publicly traded biofuels stocks, fell 1.25 percent to 60.16 as advanced biofuels dropped. For the day, Green Plains (GPRE) shed 3.15 percent to $23.70, while Ceres (CERE) lost 6.49 percent to $1.73. Among other equities, Amyris (AMRS) dumped 4.27 percent to land at $1.57. Overall, declines led advances […]
In Massachusetts, Ginkgo Bioworks has raised $45 million in an oversubscribed Series B round. Viking Global, a firm managing more than $30 billion in capital, led the round along with previous investors including OS Fund, Y Combinator and Felicis Ventures. The new funds will be used to expand into new categories such as pharmaceuticals, cosmetics and probiotics, as […]
