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 […]
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 […]
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, […]
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 […]
Rockin’ on at Clinton/Galva, and start-up delays in Moema. Which storyline is for you? It was the best of times, it was the worst of times, depnding on which analyst you follow. With price targets ranging from $4 to $18 — and warnings from one end over delays at Moema, compared to happy celebration of […]
Interested in transforming liquid fuels – and wondering “where are the gallons”? The secret lies in re-structuring the financing of alternative fuels. Today, in part I of three: the Situation. A Digest reader this week sent along a copy of the latest Department of Energy funding announcement — the $25-35M solicitation for “Environmentally-Prudent Unconventional Resource Development” […]
By Gregory T. Benz, Benz Technology International, Inc. Though most process tanks are agitated by means of a mechanical agitator, comprised of a rotating shaft and one or more impellers, occasionally process engineers will ask, Why can’t we just use a pump, instead of an expensive agitator? This paper attempts to answer that question by comparing […]
By Jennifer Dyment and Ron Beck, Product Marketing, Aspen Technology Inc. As the demand for lower carbon emission fuels increases, resourceful design of biofuel processes—such as biodiesel, bioethanol, syngas, and biogas derived from biomass feedstocks such as corn, sugarcane, algae, and cellulosic sources etc.— is unlocking opportunities for more attractive and profitable endeavors. Combustible biofuels […]
