Nov 19, 2012
Ensus go through maize to offset wheat disappointment
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Nov 19, 2012
Denmark-based renewable energy company Biogasol has confirmed receiving a new multi-million cash injection.
A €10 million ($12.7 million) grant allocated by the Energy Technology Development and Demonstration Programme (EUDP), while another €5 million has been added through new equity financing. The money will be used to build support and production of Biogasol’s... [Read More]
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Nov 19, 2012
British Petroleum (BP) has reached a settlement with the US Department of Justice (DoJ) following its part in the Deepwater Horizon event in 2010.
The settlement reached a total of $4.5 billion (€3.5 billion) to resolve all federal criminal charges and claims by the Securities and Exchange Commission. The agreement is also cash positive because it also clarifies the... [Read More]
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Nov 16, 2012
The US Environmental Protection Agency believes it has not found any evidence to support a finding of ‘severe economic harm’ that would warrant grant a Renewable Fuels Standard (RFS)waiver.
That decision has been reached after economic analyses and modelling completed in conjunction with the US Department of Agriculture and the Department of Energy.
The research... [Read More]
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Nov 16, 2012
Fuel company Citgo Petroleum has been given the go ahead to build a biofuel storage tank at its existing Quincy Avenue terminal in Braintree, Massachusetts.
Citgo proposed to construct a 270,000 gallon steel biofuel tank at the facility, which would hold biodiesel made from animal and vegetable fats.
Approval was granted by Braintree's planning board on a conditional basis.... [Read More]
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Nov 16, 2012
A new Scottish biofuel programme officially launched this month after securing over a million pounds worth of investment.
The programme is a partnership between five Scottish universities and research institutions, with the £1.6 million ($2.5 million) funding coming via the European Regional Development Fund (ERDF), Scottish Government and Scottish Enterprise.
‘We... [Read More]
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Nov 15, 2012
Sweetwater Energy has confirmed its first commercial-scale, cellulosic sugar-production facility project is moving forward with the appointment of a design company.
Merrick and Company has been charged with the facility’s creation process from front-end engineering through to detailed design. Sweetwater eventual aim is to produce low-cost sugars from non-food plant... [Read More]
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Nov 14, 2012
A mass switch by fuel retailers to ethanol-blended petrol could cost the New Zealand government millions of dollars.
One retailer, Z Energy, is considering making the switch and if other major retailers follow suit it could cost the government around NZ$180 million (€115.3 million). Ethanol-blended petrol currently receives a tax exemption of $0.60 a litre.
Z Energy... [Read More]
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Nov 14, 2012
European waste-based biodiesel producer Petrotec has announced its figures for the first nine months of 2012.
Overall revenues by the end of September were recorded at €123.6 million ($157.5 million) slightly down on the €130.3 million. Generated sales in the third quarter were registered at €46.5 million, down from €55.5 million, but a positive cash... [Read More]
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Nov 14, 2012
The foundation stone of UPM’s Finland-based biorefinery in Lappeenranta has been laid.
UPM claim the120 million litres a year facility will be ‘the world’s first biorefinery to produce wood-based biodiesel’ and this announcement means the project is running on schedule.
‘Our €150 million investment into Lappeenranta proves this is UPM’s... [Read More]
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Nov 13, 2012
Australia-based Mission NewEnergy has revealed its subsidiary Mission Biofuels (MB) has been served with a winding up petition.
The petition against the Malaysian biofuels producer has been served by the contractor for its second proposed biodiesel refinery, KNM Process Systems.
It states that KNM is in dispute with MB over a sum of $16.1 million (€12.7 million) for... [Read More]
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Nov 12, 2012
Germany-based biotechnology company Direvo is set to commercialise its new conversion process of non-food feedstocks into fuels and chemicals.
Its BluCon platform is the result of an intensive research programme to identify microorganisms viable to cheaply produce chemicals and fuels from carbohydrates created from non-food biomass, so-called second generation biomass... [Read More]
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Nov 9, 2012
Cargill, a US-based agribusiness business, will be closing one of its two biodiesel plants in Germany.
The 120,000 tonne capacity per year facility has stopped production because of what Cargill calls an ‘overcapacity’ in the European green fuels sector. The plant is a joint venture with German agricultural co-op Agravis.
The recent announcement by the European... [Read More]
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Nov 9, 2012
US-based transportation fuels producer Kior has begun production at its first commercial facility in Mississippi.
It is believed the plant, once running at full capacity within the next 12 months, will be able to produce almost 50 million litres of petrol and diesel per year.
Kior will be using a mixture of biomass, like non-food crops and woodwaste, as part of the manufacturing... [Read More]
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Nov 8, 2012
Engineering and technology provider Praj Industries is to move into India as it further explores second generation biofuels.
A 10 million litres a year demonstration commercial plant represents a continuation of Praj’s lignocellulose to ethanol programme as it seeks ways to produce ethanol from non-food based feedstock.
Praj will use the plant to demonstrate technical... [Read More]
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Nov 8, 2012
Renewable chemicals and fuels company Amyris has recorded declining financial results for the third quarter ending September 2012.
Aggregate revenues for the quarter were posted at $19.1 million (€15 million) versus $36.3 million in the same quarter 2011. The company puts the decline in revenue down to the planned transition out of the ethanol and ethanol-blended... [Read More]
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Nov 7, 2012
US-based biofuel and logistics company Eco-Energy has signed a partnership with Copersucar, the largest sugar and ethanol trader in Brazil.
By binding their global supply capacity of 2.6 billion gallons the move creates the largest ethanol trader in the world.
‘With this partnership, we become a truly global company in the biofuel market, expanding our scale of operation... [Read More]
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