Dec 20, 2010
Caldic Chemie tank terminal in operation
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Dec 20, 2010
US president Barack Obama signed new tax legislation on 17 December extending incentives for ethanol and biodiesel.
The president signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 in the afternoon, following a late night approval from the US House on 16 December.
The Senate approved the legislation on 15 December.
For ethanol,... [Read More]
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Dec 17, 2010
Abengoa Bioenergy Netherlands is involved in a deal to pipe waste carbon dioxide from its bioethanol plant in Rotterdam to greenhouses in the Zuidplaspolder within an area of around 550 hectares.
The European Commission (EC) authorised the move, under EU state aid rules, for a €5 million investment aid for the pipeline infrastructure.
The waste CO2 will be used to... [Read More]
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Dec 17, 2010
Argentina's installed capacity of 1.8 million tonnes of biodiesel a year is set to rise to 2.5 million tonnes a year in 2011.
The road to 2011 has seen a ramp-up in production with Argentina's biodiesel output totalling 1.5 million tonnes in the first ten months of 2010, up 56.8% on the year.
The country exported 76.7% of the output. Its biodiesel exports... [Read More]
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Dec 17, 2010
Following a $27 million (€20.2 million) boost from the US Ex-Im Bank Mexican biofuels company Recursos Renovables Alternativos (RRA) plans to begin construction of its first plant to produce biodiesel from algae oil in February.
The financing is used for equipment at the first plant, which will most likely be built in Campeche state, but also could be located near Merida... [Read More]
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Dec 16, 2010
In Washington, US, the DoE is to award $30 million (€22.4 million) in a new round of funding for advanced biofuels.
The $30 million will be awarded to small-scale projects focusing on process integration that support the development of drop-in biofuels.
The key focus will be on those projects looking to produce biofuels and bioproducts from biomass. The new funding... [Read More]
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Dec 16, 2010
The US Senate has approved the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010. The legislation retroactively extends the biodiesel tax incentive through 2011.
‘The National Biodiesel Board (NBB) is pleased by the Senate’s vote to retroactively extend the biodiesel tax incentive,’ said Manning Feraci, NBB VP of federal affairs. ‘This... [Read More]
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Dec 16, 2010
In a bid to meet growing demand and renewable fuels targets put in place by the government, Canada-based biofuel firm Energy Innovation Corp. is planning to build a biodiesel production facility in Toronto.
When the plant comes online in 2011 it will be the first of its kind in the region, producing 10 million litres a year of biodiesel. According to Energy Innovation,... [Read More]
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Dec 15, 2010
Key German biodiesel producer EOP Biodiesel has declared bankruptcy following ongoing issues with its banks.
Production at the company’s Pritzwalk-based biodiesel plant ceased in October after a gear unit at its oil mill was damaged.
However it is thought that production could commence once again early next year after repairs have taken place.... [Read More]
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Dec 15, 2010
Solar Acquisition Corp. has successfully established its wholly owned biofuels subsidiary B151.
B151 will be responsible for the production of B100 at a cost lower than that of rival biofuel manufacturers, before selling it on to downstream blenders and refiners. It will be blended with conventional fossil fuel-based diesel.
‘Biofuels derived from biomass and advanced... [Read More]
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Dec 15, 2010
Finland could see its transport fuel sector made up of 20% biofuels by 2020 after the Finnish parliament approved the contents of a biofuel bill on 10 December.
Today Finland’s distribution requirement stands at 4%.
Should the bill be passed into law, motor fuels will comprise 6% biofuels in 2011, before gradually increasing and reaching 20% in 10 years’ time.... [Read More]
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Dec 15, 2010
Energy company Jatoil has executed a share subscription agreement with Sheng Run Holdings.
An Australian company owned by Chinese electric power and road infrastructure developer Li Xipeng, Sheng Run Holdings Group has been issued 17,144,888 fully paid ordinary shares in Jatoil at $0.04 (€0.03) per share, to raise $685,796. This placement represents 13.04% of the issued... [Read More]
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Dec 9, 2010
In the US, Kansas city-based Spectrum Business Ventures has acquired an ethanol production plant in Mead, Nebraska.
The plant was formerly owned by E3 Biofuels – Mead but Spectrum purchased the company’s assets out of bankruptcy.
The $90 million (€67.9 million) facility, called the Genesis Complex, was launched back in 2007, however full-time operations failed... [Read More]
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Dec 9, 2010
Following its sixth annual report, the Federal Trade Commission has concluded that the ethanol market in the US lacks focus.
160 companies were found to be either producing the biofuels or likely to be producing it within the next 18 months. This figure was also stated in the 2009 report.
The nation’s largest ethanol manufacturer today makes 12% of the total US production... [Read More]
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Dec 8, 2010
Sweden-headquartered private equity group EQT Infrastructure will acquire independent storage terminal operator Koole Tanktransport.
The shareholders have accepted the offer, subject to the advice of the company’s works council on the transaction. Completion of the transaction will be conditional upon all anti-trust approvals having been obtained.
Koole’s terminals... [Read More]
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Dec 8, 2010
In Sao-Paulo, Brazilian-based Rio Vermelho produces ethanol from around 1.3 million tonnes of sugarcane per season.
Now, in its first ever investment in the sugarcane sector, Glencore, a supplier of commodities and raw materials to industrial consumers, has acquired a stake in the company’ sugarcane mill for over $80 million (€60.5 million).
Switzerland-based Glencore... [Read More]
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Dec 8, 2010
Product chemical manufacturer JSC Mogilevkhimvolokno Organic Synthesis Factory in Mogilev, Belarus, has placed an order to construct a biodiesel plant with BDI BioEnergy International.
The value of the order is just under €10 million.
The biodiesel production facility, which will produce 50,000 tonnes of biodiesel a year from rapeseed oil, is planned for the city... [Read More]
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