News

Land O’Lakes, a US agribusiness, has acquired California-based biotechnology firm Ceres. Ceres will become part of Land O'Lakes' forage business unit currently comprised of Forage Genetics International (FGI). Ceres develops and produces seeds of genetically modified crops used for biofuels production. The transaction brings new advanced plant breeding and biotechnology to FGI's research…
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UPS, a package delivery giant, has announced that it will invest more than $750 million (€670m) for its alternative fuel and advanced technology vehicles by the end of 2016. It also announced that it has successfully completed one billion miles in its ‘rolling laboratory' fleet of electric, hybrid, natural gas, and biofuel-powered delivery vehicles. The company announced these measures…
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Archer Daniels Midland (ADM), a US-based global food processing and commodities firm, has reiterated that it is conducting a strategic review of its ethanol dry mills in its second-quarter earnings report. The company unveiled its report on 2 August, 2016. It reported a lower-than-expected quarterly profit, hurt by poor ethanol margins and lower earnings from its agricultural services unit, which…
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US policymakers should keep an eye on the renewable identification number (RIN) market to stop possible price manipulation, the Renewable Fuel Association (RFA) calls. In a letter sent to the US Environmental Protection Agency (EPA) and Commodity Futures Trading Commission (CFTC), the ethanol trade association encourages the agencies to “closely examine recent events in the RIN market" to…
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Renewable Energy Group (REG), a US-based biofuels producer, reported second-quarter net income of $6.9 million, after reporting a loss in the same period a year earlier. The Ames, Iowa-based company said it had net income of 16 cents per share, for the period ended 30 June, 2016. It posted a net loss of $2 million in Q2 2015. The biodiesel producer posted revenue of $558.3 million in the…
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Siouxland Ethanol has begun construction on the expansion project of its Nebraska bioethanol plant, which will see the installation of two new fermenters. The $8.5 million (€7.7m) project seeks to increase the processing capacity of the Siouxland’s facility, located in Nebraska’s Dakota country, from the current 20 million corn bushels annually. “We're going to be…
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In the US, the National Chicken Council (NCC) is asking the Environmental Protection Agency (EPA) to reduce the production volumes proposed for ethanol in 2017 under the Renewable Fuel Standard (RFS) and reassess the US biofuels policy as a whole. In a statement submitted to the EPA, the council says it finds the proposed 2017 volumes to be “overly aggressive” and “based on…
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Bankrupt Spanish bioenergy company Abengoa’s US unit has hired Ocean Park Advisors to find a buyer or investor for its cellulosic ethanol plant in Hugoton, Kansas. The Hugoton plant produced ethanol from plant fibres and was supposed to be a technological advance over producing ethanol from corn or other grain, reports The Wichita Eagle newspaper. The facility operated for about a year…
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Alliance BioEnergy Plus subsidiary Ek Laboratories has developed a pathway to produce JP-8, an advanced military grade aviation biofuel, at the suggestion of US government officials. Aviation biofuels offer a variety of advantages over conventional petroleum based jet fuels. Cellulosic biofuels using the CTS process can produce a jet fuel that is nearly 90% cleaner than conventional jet fuels and…
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The European Commission has published its Communication on a European Strategy for Low-Emission Mobility report that explores policy options to decarbonise transport beyond 2020. The European renewable ethanol association (ePURE), representing conventional and advanced ethanol producers, welcomes the Commission’s commitment to assess the future role of low carbon fuels in Europe’s…
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Terra Biodiesel Holding has closed the sale of its Missouri, US, biodiesel plant to an undisclosed strategic buyer, with Ocean Park Advisors (OPA) acting as an exclusive advisor. Financial terms of the sale were not disclosed for the St. Joseph-based biodiesel refinery situated on an approximately 13 acre parcel of land. The sale also includes a license agreement for certain production…
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The Nigeria National Petroleum Corp. (NNPC) says plans are underway to set up a renewable energy plant that will use agri products to generate energy. According to the NNPC renewable energy division general manager Rabiu Suleiman, the project, which would cost about $300 million dollars (€272,), would be financed through joint partnership with foreign partners. The decision to diversify…
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