May 19, 2011
Ensus closes Wilton plant but insists not forever
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May 16, 2011
Ethanol producer Southwest Iowa Renewable Energy (SIRE) has revealed that it made $674,031 (€477,867) in net losses for the second quarter which ended on 31 March 2011. This is lower than the company's $742,851 net loss reported in the same period in 2010.
Brian Cahill, SIRE's general manager and chief executive officer said, 'Our corn oil extraction implementation... [Read More]
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May 16, 2011
In the US, agribusiness and ethanol company The Andersons has achieved record first quarter net income attributable to the company of $17.3 million (€12.3 million), or $0.93 per diluted share, on revenues of $1 billion. In the same three month period of 2010, the company reported results of $12.3 million, or $0.66 per diluted share, on $722 million of revenues.
During... [Read More]
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May 16, 2011
US-based technology company New Generation's 2010 financial results show that the company lost a total of $11.6 million (€8.2 million) last year, as ethanol production declined.
Throughout 2010 New Generation produced 21,000 gallons of biofuel – a significant decrease compared to the 209,000 gallons the company produced in 2009.
2010's net operating expenses... [Read More]
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May 16, 2011
Spain's Abengoa earned €1.656 billion in revenues during the first quarter of 2011. This is a 43% increase compared to the same period in 2010. EBITDA (earnings before interest, income taxes, non-controlling interests, depreciation and amortisation) also increased this year and reached €254 million, while the company's net income for Q1 2011 was €56 million,... [Read More]
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May 16, 2011
In East Java, Indonesia-based PT Perkebunan Nusantara X (PTPN X) and New Energy and Industrial Technology Development Organization (Nedo) of Japan, are planning to build an ethanol production plant in Mojokerto.
Costing an estimated $25.5 million (€18 million) to build, the plant is expected to be up and running by early 2012, before commercial operations begin at... [Read More]
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May 16, 2011
In Honolulu, Hawaii, Hawaiian Electric Company is looking for a 42 million gallon-a-year biofuel supply that will be used to power its Kahe Power Plant in Leeward, Oahu.
Preferably, the biofuel will derive from Hawaii-based feedstocks, however bidders may also propose a combination of local biofuel and biofuel sourced from outside of Hawaii. The company also explained... [Read More]
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May 16, 2011
In the US, renewable fuels producer Pacific Ethanol's Q1 2011 net sales were $173.1 million (€122.7 million), compared to $71.3 million for the same period in 2010.
The company saw an increase in the total number of gallons sold, which went from 58.7 million gallons in Q1 2010 to 84.6 million gallons in Q1 2010, an increase of 25.9 million.
Pacific Ethanol attributes... [Read More]
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May 16, 2011
To date just two North American companies are exempt from tariffs implemented by the European Commission on biodiesel imported from Canada and the US. Renewable energy company Biox is the most recent to receive this exemption.
'This exemption ensures that Biox retains unencumbered access to export our product to the EU, which represents the largest existing biodiesel market... [Read More]
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May 16, 2011
The ethanol subsidiary of biofuels firm AE Biofuels – AE Advanced Fuels Keyes – has resumed operations at its $130 million (€92 million) 55 million gallon a year ethanol production facility in Keyes, California, US.
Cilion finished building the plant in November 2008 but it was closed in early 2009 due to 'technical and market issues'. In March 2010 AE... [Read More]
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May 16, 2011
Based in Omaha, Nebraska, US, ethanol producer Green Plains Renewable Energy's net income was $7.7 million (€5.5 million), as the company reported its financial results for the first quarter of 2011, ended 31 March. This compares to $15.6 million for the same period in 2010. Revenues were $812.2 million for the first quarter 2011, compared to $426.5 million during... [Read More]
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May 16, 2011
In the US, 92.2 million acres of corn will be planted for the purpose of producing ethanol, while 85.1 million acres of corn will be harvested, with a yield of around 158.7 bushels per acre. These are figures according to the US Department of Agriculture (USDA).
'American farmers appear poised to once again respond to market signals and increase their productivity without... [Read More]
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May 16, 2011
The US Department of Energy (USDA) has accepted a cooperative's proposal for a Biomass Crop Assistance Program (BCAP) area designation. Named 'Plant, Baby, Plant', the designation was accepted by the USDA on 4 May 2011.
This designation of land will see 30 western Missouri counties and eight counties in Kansas form a 'fuel shed' in which the farmers will grow energy crops... [Read More]
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May 16, 2011
In Visalia, California, US, EdeniQ and Logos Technologies are to begin building a corn-to-ethanol pilot plant in, funded partly by a $20 million (€14.2 million) federal Department of Energy (DoE) grant.
The companies will break ground on the facility on 19 May 2011, marked with a groundbreaking ceremony at 10am.
The pilot plant will be installed with EdeniQ's technology... [Read More]
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May 10, 2011
Canada-based Core BioFuel, a biofuels firm dedicated to the commercialisation of a biomass-to-fuel production process, has signed a Memorandum of Understanding (MoU) with an un-named energy project developer.
The MoU will see the development of four Core-licensed biorefineries in the Western Hemisphere, which will utilise Core's patent-pending wood-to-fuel technology for... [Read More]
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May 10, 2011
The 5 May 2011 saw the US Department of Energy (DoE) and the US Department of Agriculture (USDA) expose a new $47 million (€32.7 million) grant programme.
The new R&D grants, which are part of the Obama Administration's aim to address the rising costs of fuel, will support the generation of energy from biomass.
The funding will help finance a total of eight projects... [Read More]
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May 9, 2011
Papua New Guinea-headquartered New Britain Palm Oil (NBPOL), a large-scale integrated industrial producer of sustainable palm oil in Australasia, and agribusiness group Wilmar International have agreed to set up an integrated supply chain and joint marketing agreement to supply Europe with fully traceable and segregated sustainable palm oil from NBPOL's Roundtable on Sustainable... [Read More]
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