The Biofuels Digest Index, an index of publicly traded biofuels stocks, dropped 0.58 percent to 74.30 as large caps and ethanol equities declined. For the day, OriginOil (OOIL) plunged 20.97 percent to $0.49 , while Monsanto (MON) fell 4.12 percent to $100.60. Among other equities, Solazyme (SZYM) surged 4.50 percent to $12.32. Overall, declines led […]
REduce, REuse, REcycle. REnewable energy sometimes means REthinking, REfocusing. Great ideas abound for new feedstocks, and novel infrastructure. We admire so many of them. Jatropha, carinata, switchgrass, sweet sorghum, blender pumps, systems-at-sea. And so much more. But what about technologies that bolt-on a different processing unit, but keeps everything else the same. Or uses an […]
In Florida, voting is now underway in the 2013 Hot Partners competition, and will continue through Friday June 14 at 5pm EDT. In voting yesterday, Southwest Research Institute pulled ahead of DuPont in Lab services, and Elsevier leapt into a tie with Stoel Rives among “Professional counselors & consultants.” Voting is open to all Digest subscribers […]
In Israel, FuturaGene entered into an agreement with the Donald Danforth Plant Science Center to bring FuturaGene’s plant yield-enhancing technology to staple crops grown by farmers in Asia, Africa and Brazil. Yield enhancement technology will be tested first on model plants and if successful, the technology will be transferred to specific food crops. The aim […]
In Washington, the EPA reports that ethanol production averaged 863,000 barrels per day— or 36.25 million gallons daily. That is down 12,000 b/d from the week before. The four-week average for ethanol production stood at 860,000 b/d for an annualized rate of 13.18 billion gallons. Stocks of ethanol stood at 16.0 million barrels. That is […]
In New York, Bunge Limited has approved an increase in the company’s regular quarterly cash dividend, from $0.27 to $0.30 per common share. The new dividend is payable on September 3, 2013, to shareholders of record on August 20, 2013. The company also declared a quarterly cash dividend of $1.21875 per share on its 4.875% cumulative convertible perpetual preference shares, payable on September 1, […]
In Ohio, REX American Resources reports first quarter 2013 consolidated gross profit of $9.1 million, compared with $5.5 million for the same quarter in 2012. In Q1 ‘13, equity in income of unconsolidated ethanol affiliates rose to $1.6 million, compared with $0.4 million in Q1 ‘12. REX’s first quarter in 2013 income from continuing operations […]
In Canada, LCTI Low Carbon Technologies International has entered into a joint venture with Sunthenoil LLC. The JV plans to develop a 1,000 acre algae to oil project, located on LCTI real estate assets. The joint venture intends to utilize a technology as sub-licensed through Sunthenoil LLC from SunEco Energy of California. When complete, the project […]
In Cameroon, Reuters reports that Herakles Capital has been forced to stop work on a 60,000 hectare palm oil plantation by the government. Herakles is a venture capital firm based in New York, and states it is working with the government to resume work. The stoppage was caused by protests by a combination of villagers […]
In Sweden, SEKAB announced a partner agreement with Wine & Agro to act as a sales agent for the marketing and sale of Russian high quality bioethanol in the European market. Wine & Agro operates by Swiss independent director and has 10 years of experience in trading wine materials from Europe and Latin America to […]
