In Iowa, Renewable Energy Group reported a loss of $2.0M on revenues of $219.0M, a 17% drop in revenues in Q1 2013. The company reported net income of $38.4M for Q1 2013. REG noted that the decrease in gross profit was primarily due to the retroactive biodiesel tax credit benefit included in first quarter 2013, as […]
In Colorado, Gevo announced the closing of a $25.9M financing with Whitebox Advisors consisting of a senior secured term loan exchangeable into senior secured convertible debentures. Gevo also has an option to draw an additional $5.2 million if certain conditions are met. The Term Loan includes a first priority lien on all of the Company’s assets […]
In Pennsylvania, the World Congress on Industrial Biotechnology opens this week. One of the highlight off-agenda activities this week is a Canadian Investment Showcase breakfast hosted Tuesday morning by Biotech Canada. The breakfast will present partnership opportunities, success stories and identify the funding mechanisms and development clusters available that foreign investors have access to. Among […]
The Biofuels Digest Index, an index of publicly traded biofuels stocks, slipped 0.32 percent to 72.53 as ethanol equities stumbled. For the day, Pacific Ethanol (PEIX) dropped 2.91 percent to $10.66, while Amyris (AMRS) soared 11.43 percent to $3.12 after reiterating 2014 guidance. Among other equities, Gevo (GEVO) fell 6.25 percent to $0.90. Overall, declines […]
A new wonder technology to behold: über low-cost hydrous pyrolysis for power and fuels. What’s up at the front lines with the pyro kings? A few weeks ago, in our continuing coverage of recent advances in cheap, affordable biobased hydrogen — meaning sub-$2 per kilo hydrogen gas — enough to light up the economics of […]
Meets December 2013 commitment to be able to provide BTX developmental quantities to strategic partners. Plant begins production of 1 kg quantities of BTX, now available to support Anellotech’s ongoing business development activities and strategic partners’ downstream programs. In New York, Anellotech announced start-up of its pyrolysis pilot plant, and that it is making available […]
The Biofuels Digest Index, an index of publicly traded biofuels stocks, dropped 2.26 percent to 72.76 as ethanol equities took a bath. For the day, The Andersons (ANDE) plunged 14.90 percent to $52.60, while Amyris (AMRS) plummeted 9.82 percent to $2.80. Among other equities, Neste Oil (NTOIF) rebounded 3.14 percent to $21.03. Overall, declines led […]
In Part 3 of 3 in our series on commercial-scale financing, we look at the real problems, the new paradigm, the nature of de-risking, the role of strategics. Plus, a 5-Minute Guide to the Major Players in biobased financing at scale. In Part I of our series, we looked at the slowdown in bioenergy financing, […]
The Biofuels Digest Index, an index of publicly traded biofuels stocks, dropped 1.63 percent to 74.44 as advanced biofuels tumbled. For the day, KiOR (KIOR) fell 6.52 percent to $0.58, while Solazyme (SZYM) plunged 8.49 percent to $9.49 on investor nervousness over delays at the Moema plant. Among other equities, Renewable Energy Group (REGI) swooned […]
As any farmer will tell you, it makes no difference if you plant the finest seed in the world in perfect conditions, and fail to protect the crop. Can changing the way we protect debtholders change lender and bondholder enthusiasm? In Part I of our series, we looked at the slowdown in bioenergy financing, the […]
