The Digest has heard from China that Sapphire Energy’s and Sinopec’s algae-derived renewable crude oil project has been selected for the U.S.-China EcoPartnerships program, and that the announcement is being made overnight US time in Beijing, China, by the U.S. Secretary of State and the People’s Republic of China State Councilor. Details on the project […]
The Biofuels Digest Index, an index of publicly traded biofuels stocks, regained 0.76 percent to 81.12 as ethanol equities rebounded. For the day, BioAmber (BIOA) soared 11.67 percent to $13.40 on its big Vinmar deal news, while Sacom (SAM.MI) shed 5.17 percent to $3.34. Among other equities, Green Plains Renewable Energy (GPRE) jumped 5.09 percent […]
UOP technology will be used for 150 million gallons of capacity; who get’s the other half? From Illinois, we’re advised UOP announced that its green fuels process technology has been selected by Petrixo Oil & Gas to produce renewable jet fuel and renewable diesel at a new refinery to be built in Fujairah, United Arab […]
From Illinois, we hear that Chromatin has closed a three-year, $12.5 million credit facility with The PrivateBank. The credit facility represents Chromatin’s first financing with a commercial lender and provides capital to support the company’s rapidly expanding sorghum seed business. Chromatin has also raised over $70 million in equity financing. The company last appeared in […]
The Biofuels Digest Index, an index of publicly traded biofuels stocks, fell 0.92 percent to 80.51 as enzymes tanked and global equities retreated. For the day, BioAmber (BIOA) soared 16.69 percent to $12.00 on big Vinmar deal news, while Solazyme (SZYM) shed 3.34 percent to $10.71. Among other equities, Gevo (GEVO) dropped 4,24 percent to […]
BioAmber’s 3-plant capacity now sold out; 210,000 tons per year, when all three plants operational. BDO deal expanded. Word arrived from Minnesota that BioAmber has signed a 210,000 ton per year take-or-pay contract for bio-based succinic acid with Vinmar International. Explaining why BioAmber stock shot up nearly 17% in today’s trading despite a global equities […]
From Texas, we hear that Benefuel announced that it has closed $11 million in the first tranche of its offering of Series C Preferred Stock. A U.S. subsidiary of Suncor Energy, Canada’s leading integrated energy company was the primary subscriber. The first tranche also included Flint Hills Resources and other existing shareholders. Additionally, Benefuel and […]
New Optimus “pure biofuels” technology for medium-to-heavy truck fleets, wins EPA OK. The 25/50 rule for medium- and heavy-duty trucking fleets, up until now, could generally be stated as “to get 25% fuel savings and a 50% reduction in emissions, you’ll probably have to wait until the year 2550, or get payback in 2550.” This […]
The Biofuels Digest Index, an index of publicly traded biofuels stocks, declined 0.99 percent to 81.26 as global equities headed down. For the day, Evogene (EVGN) retreated 5.03 percent to $15.09, while Solazyme (SZYM) shed 4.81 percent to $11.08. Among other equities, Metabolix (MBLX) dropped 7.30 percent to $0.82. Overall, declines led advances 3 to 1 […]
You’ve heard its psychoactive cousin, marijuana, described as weed, smoke, ganja, bud, grass, mary jane, reefer, or herb…but advanced bioeconomy feedstock? Yep, no kidding, there’s a movement to bring hemp back in a big way. The Digest investigates. We first started tracking hemp back in 2009, when a 43-acre biomass trial launched in California that features […]
