In Colorado, Gevo, Inc. announced that Peak Value IP LLC has completed a valuation of intellectual property including trade secrets, know-how, patents and patent applications across the world that can be licensed and monetized by Gevo. Peak Value’s analysis yielded an indication of investment valuation of $412 million for the IP. Peak Value used an […]
In Indonesia, Reuters reports Pertamina expects 2020 biodiesel sales to fall 12% on the year to 28.2 billion liters. The company told parliament it sees sales rebounding in 2021, however, back up to 31.5 billion liters, of which 26.6 billion liters will be from Pertamina. COVID-19 has significantly impact fuel demand, which has hit biodiesel […]
In Washington, Reuters reports Energy Information Administration data shows the ethanol production and consumption rebound post-COVID-19 outbreak has plateaued with most recent production figures showing 931,000 barrels per day with the four-week average at 927,000 bpd. The previous four weeks were at similar levels but slightly lower. Stocks have also rebounded after a serious drawdown […]
In Germany, UFOP reports that the area planted in Germany with rapeseed for the 2020 crop year will probably be larger than previously expected, according to the German Federal Statistical Office’s recent estimate. The expansion will also be reflected in harvest figures. In its most recent estimate, the German Federal Statistical Office put the German […]
In Washington, D.C., ethanol production climbed 0.5% higher, or 4,000 barrels per day (b/d), to 931,000 b/d—equivalent to 39.10 million gallons daily, according to EIA data analyzed by the Renewable Fuels Association. Production remained 10.3% below the same week in 2019 as a result of the continuing effects of the COVID-19 pandemic. The four-week average […]
In Japan, Ink World reports that Germany-based BASF and Japan-based Idemitsu Kosan will close the 1,4-Butanediol (BDO) plant in Japan as of December 2020 and end their joint venture thereafter due to a declining BDO market size in Japan and “significant overcapacities in Asia due to recent investments into new coal-based BDO production sites.” BDO […]
In Denmark, Haldor Topsoe joined a project that aims to develop a ground-breaking hydrogen and sustainable fuel facility based on electrolysis in Denmark. The project is expected to be executed by 2030 in three stages, achieving the capacity of 10 megawatts (MW) in 2023, 250 MW in 2027, and 1,3 GW in 2030 respectively. The […]
In California, Pacific Ethanol reported second quarter 2020 results showing a net income of $14.6 million and adjusted EBITDA of $28.8 million, expects an adjusted EBITDA for the second half of 2020 to be in the range of $50 to $70 million, and significantly increased their high quality alcohol production for use in hand sanitizers […]
In Iowa, the Iowa Biodiesel Board reports that the state will dedicate more than $15 million of funding for Iowa renewable fuels producers as part of the pandemic economic recovery effort, as announced by Iowa Governor Kim Reynolds. Iowa Secretary of Agriculture Mike Naig said a $7 million infrastructure funding known as the Iowa Renewable […]
In India, seedlings for the first 100 hectares (250 acres) have been planted. Daimler AG has started a new project for the cultivation of the biodiesel raw material jatropha in the south of India. The company is supporting several village communities in the state of Tamil Nadu with funds and expertise from its already successfully […]
