In Nebraska, word has arrived from Green Plains that it will purchase the Madison, Ill., Mount Vernon, Ind. and York, Neb. ethanol facilities from Abengoa Bioenergy with combined annual production capacity of 236 million gallons per year, for approximately $237 million in cash, plus certain working capital adjustments. The company said it was the successful […]
Lightning strikes often in the Advanced Bioeconomy. The Magic catalyst, the miracle microbe, the super strain, the wonder feedstock, the peerless process. But it’s after the lightning strikes that we begin what former BP Biofuels chief Phil New called “the hard yards of commercialization” and learn not only what is exciting, but what is needed. […]
One of the more perplexing problems of the advanced bioeconomy is getting algae out of the water or the water out of the algae. It simply isn’t a problem in traditional, land-based agriculture and most of the nutraceutical applications of algae that were developed early on featured such high price points that it almost didn’t […]
These days, we don’t call it algae, we call it nutritional superfood, and we don’t call our furry friends “pets”, we call them companion animals. I suppose to distinguish them from wild animals, work animals, and the ones we reserve for, er, eating. But it’s a good name. Companion as a word comes from the […]
In yesterday’s Digest, we covered the topic of RINferno, the controversy over rising RIN prices and the impact on parties in the Renewable Fuel Standard — refiners, and potentially fuel terminal operators. Today, let’s look at impact on producers — and specifically the catastrophic impact of current RIN prices on advanced biofuels. The advanced biofuels […]
Let me see if we got this right. Donald Trump loves the Renewable Fuel Standard Carl Icahn loves Donald Trump Therefore, Carl Icahn hates the Renewable Fuel Standard With that, welcome to the 2016 United States Presidential election season. And welcome to something that used to be called RINsanity and now we had better call RINferno. […]
In Canada, BioAmber recorded net income of $4.8M for Q2 2016 and an operating loss of $1.0M on revenues of $2.5M. Revenues were up 73 percent over Q1 and 637 percent compared to Q2 2015. For those less familiar with the company, it produces succinic acid from sugar at a first commercial-scale plant which opened […]
In California, Amyris reported a Q2 net loss of $13.8M on revenues of $9,6M, up from $7.8M in Q2 2015. Revenues rose 27% from the corresponding period in 2015 primarily driven by the shipment of a new novel fragrance product, as well as Neossance Squalane sales. At the same time, Amyris, which has recorded $18.4M […]
Why do hot US agricultural technologies fail to get the explosive growth they deserve? BEE offers a new tech-to-market approach. They say that to be a great champion, you have to learn to win on the road. So, it’s meaningful in that context when BEE’s Patrick McDonnell throws down the gauntlet to the US agricultural […]
This week, Gevo reported its Q2 financial results, reaffirmed its guidance on production cost targets, lengthened out the timing on its production targets, and placed all the near-term chips on marine biofuels. Market reaction was generally pretty hateful, with the stock dropping 33% today. Investors seem to have translating Gevo’s messaging thus: Gevo says: We’re […]
