The Digest Bioeconomy Index, an index of publicly traded advanced bioeconomy stocks, dropped 1.85 percent to 57.89 as large caps tumbled, driven by Abengoa’s spectacular plunge. For the day, Abengoa (ABGB) shed 29.90 percent to $7.75 after raising €650M in an equity round, while Cosan (CZZ) gave back 5.53 percent to $4.44. Among other equities, […]
It’s been around for a generation or so — fast pyrolysis, that is. Though in the original low-tech incarnation — known as “cooking fire” — pyrolysis has been around since the dawn of man. But the numbers have never been so close to commercial, even in these days of low fossil fuel energy prices. Who’s in […]
UPS brings overall use of drop-in fuels over 10% of fleet use in REG, Neste , Solazyme buy. In Georgia, UPS announced agreements for the purchase up to 46 million gallons of renewable fuels over the next three years from Neste, REG and Solazyme, constituting a 15-fold increase over prior contracts and making UPS one […]
Biggest US biodiesel, renewable diesel producer buys the biggest US facility in asset deal. In Iowa, REG will acquire substantially all the assets of Imperium Renewables, including a 100-million gallon nameplate capacity biomass-based diesel refinery and deepwater port terminal at the Port of Grays Harbor, Washington, according to an asset purchase agreement signed by the two […]
In California, Solazyme reported Q2 revenues of $11.7M compared with $15.9M in Q22014. GAAP net loss was $37.2 million for Q2 2015, compared to net loss of $42.9M in the prior year period. The company said that “year over year decline in revenues was due to expected decreases in funded program revenue as well as […]
In the Netherlands, Royal Dutch Shell announced 6500 job cuts and slashed 2015 capex by $3 billion from the April forecast and $7 billion from 2014, as it reported Q2 earnings of $3.4 billion compared with $5.1 billion for the same quarter a year ago. The company said “Compared with the second quarter 2014, earnings […]
In Washington, the Algae Biomass Organization added its voice to comments on the EPA’s Renewable Fuel Standard proposal for 2014-2016. We highlighted commentary from other parties here. Matt Carr, executive director of the Algae Biomass Organization, writes: EPA’s proposed RVOs for 2014-2016 represent a significant improvement over the prior notice of proposed rule-making released in […]
In Washington, according to EIA data as analyzed by the Renewable Fuels Association, ethanol production averaged 965,000 barrels per day (b/d)—or 40.53 million gallons daily. That is down 8,000 b/d from the week before. The four-week average for ethanol production stood at 977,000 b/d for an annualized rate of 14.98 billion gallons. Stocks of ethanol […]
In the Netherlands, DSM and CVC Capital Partners (CVC) have finalized the formation of ChemicaInvest B.V. for Polymer Intermediates (Caprolactam and Acrylonitrile) and Composite Resins. DSM contributed its global caprolactam business (Europe, North America, its 60% stake in DNCC (China) and the caprolactam licensing business), acrylonitrile business and composite resins business including its 75% stake […]
In Washington, Growth Energy announced today that CEO Tom Buis has been named as co-chairman of the organization’s Board of Directors. Buis will join POET Founder and Executive Chairman Jeff Broin as co-chairmen of the Growth Energy board. In his new role Buis will remain actively involved in member activities and policy matters important to […]
