News
Australian company Algae.Tec has raised AUS$5 million (€4 million) through Patersons Securities and the money will be used to fast-track the business’ commercial plans.
Recently Biofuels International reported that Algae.Tec formed a joint venture with Chinese company Shandong Kerui to build a 250-module algae biofuels facility in China.
Algae.Tec executive chairman, Roger Stroud, says…
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The US Department of Agriculture (USDA) has formed a $25 million (€19 million) partnership with Fiberight, money which will be put towards building a new biofuels plant in Blairstown, Iowa.
The facility will convert waste into biofuels, producing six million gallons a year when the plant comes online in the first half of next year.
Fiberight is spending $20 million into the plant, combined…
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Joule Biotechnology has closed a $70 million (€54 million) third round of financing which it says it will use to bring its developments to commercialisation.
This means the total amount raised is more than $110 million and a facility will now be built in Hobbs, New Mexico, which will begin its commissioning process in the middle of this year.
In the facility, Joule’s technology will be…
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Novozymes’ shares fell to the lowest they have been in two months following the announcement that the company’s earnings for the fourth quarter of 2011 were lower than predicted.
The Denmark-based company, which uses enzymes to produce biofuels, says the results could be blamed on the price of raw materials rising and a drop in sales for bioenergy enzymes.
However, net profit did grow…
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Green Biologics Limited (GBL), a UK-based industrial biotechnology company has merged with butylfuel, a US-based renewable chemicals and biofuels company.
The new company will operate under the Green Biologics name and continue to be head-quartered in Abingdon, UK with a strong operational presence and commercial focus in the US contributed by butylfuel, which will become Green Biologics. The…
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Biodiesel production in Europe dropped last year and illegal imports from countries such as Argentina and Malaysia are being blamed.
Biodiesel production has fallen for the first time in Europe, even though consumption figures have remained stagnant. Although 2010 showed that the production of biodiesel had risen by 5.5% when compared to the previous year, latest figures show that in 2011…
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Renewable Energy Group (REG) has released 7.2 million shares in an initial public offering to the public for $10 (€7.80) a share.
The shares are to trade on the Nasdaq Global Market from today, under the symbol REGI.
Nearly 7 million of the shares will be offered by REG and the remaining 343,000 shares are being sold by stockholders.
Underwriters have also been granted 30 days in which they…
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Cool Planet BioFuels has been granted approval from the California Air Resources Board to test its negative carbon petrol.
The technology converts biomass, including grass and woodchips, into biodiesel. Through the process, a byproduct is created, which can be used as a fertiliser.
The first part of the testing will involve blending of the negative carbon fuel with E10 petrol to try and hit the…
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Australian company Algae.Tec has signed a 50/50 joint venture (JV) with Chinese company Shandong Kerui.
Working together, the companies will build a 250-module algae biofuels facility in China, in which both companies will pay half to cover costs.
The module system at the facility will be enclosed and the way the algae will be cultivated is meant to give it a high yield per acre, whilst at…
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Bioenergy crop company SG Biofuels has closed a $17 million (€13 million) round of fundraising to go towards further developments of its hybrid jatropha seeds which can be used for biodiesel production.
The series B of financing was led by Thomas, McNerney & Partners; and Finistere Ventures and current investors Flint Hills Resources and Life Technologies were also involved.
Using the…
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BlackGold Biofuels and SLM Facility Solutions Nationwide have joined forces in the US to turn grease trap waste, derived from restaurants, into biofuels.
The process will cost the hospitality companies no extra money to deliver the grease trap waste to the facilities, and then BlackGold Biofuels will extract and recycle the grease, turning it into biodiesel.
'Grease trap waste is…
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Range Fuels has sold its cellulosic ethanol plant to New Zealand biofuels company LanzaTech after the company went into the red this month.
In an auction, LanzaTech purchased the ethanol plant located in Soperton, Georgia, US, for $5.1 million (€4 million), as part of a liquidation process that was approved by the government.
LanzaTech, that has received funding from Khosla Ventures, says it…
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The Renewable Fuels Association (RFA) says the ethanol exports for last year could have been more than 1.1 billion gallons, thanks to a new monthly record set in November.
More than 150 million gallons was exported in that month, according to government figures, going mainly to Brazil. The fuel was also exported to Canada, Mexico and the Netherlands were the other main export destinations.
From…
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Brazil says it has had the biggest grain harvest in its history, of nearly 160 million tonnes in 2011, and has forecasted a further rise for 2012.
The cereal, pulse and oilseed harvest beat 2010’s harvest by more than 10 million tonnes, probably because the land for harvest has grown nearly 5% in size to 48.7 million hectares.
This year it is predicted Brazil will harvest 160.3 million…
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A study carried out by San Diego Association of Governments (SANDAG) says the algal biofuels industry employed 466 workers in the San Diego region last year, providing more than $41 million (€32 million) in payroll and nearly $81 million in economic activity.
Adding to this, the industry is also expected to generate about $12.5 million in payroll and about $33 million in additional economic…
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Lufthansa says it has finished its six month trial with biosynthetic fuel, during which time more than 1,000 biofuel flights were successfully flown between Hamburg and Frankfurt.
However, the airline is ending its trials because it is unable to find reliable suppliers for its aviation biofuels.
‘As a next step, we will focus on the suitability, availability, sustainability and…
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#Spain’s #Repsol is preparing to raise jet fuel output by 15–20% in response to mounting supply disruptions caused by the #Iran #war, which has unsettled global energy markets and tightened aviation fuel availability.
https://biofuels-news.com/news/repsol-to-lift-saf-output-as-iran-conflict-tightens-supplies/
#biofuels #SAF #aviation #output
#Nufarm Limited has expanded its strategic #partnership with #bp, reinforcing Nufarm’s ambition to scale sustainable biofuels and help meet growing demand for sustainable aviation fuel (SAF) and renewable diesel (RD).
https://biofuels-news.com/news/nufarm-extends-saf-and-rd-partnership-with-bp/
#biofuels #feedstock #aviation #SAF
#Thailand has moved to restrict #palm #oil #exports as domestic demand for #biodiesel surges, a trend closely linked to the ongoing conflict in the Middle East.
https://biofuels-news.com/news/thailand-restricts-palm-oil-exports-amid-rising-biodiesel-demand/
#biofuels #feedstock #demand #supply #SEAsia #war #conflict
