Nov 28, 2008
South Korea to bump up biodiesel use
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Nov 28, 2008
Norway-based biofuels firm ScanFuel is due to begin a jatropha-based biodiesel production project outside Ghana's second largest city.
ScanFuel expects to start commercial operations in Kumasi, Ghana, early in 2009, producing 5,000 barrels a day of crude oil equivalent by 2015.
ScanFuel's operation will plant 10,000 hectares of the high oil-yielding jatropha... [Read More]
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Nov 28, 2008
A new joint venture between a unit of Kawasaki Heavy Industries and an agricultural public corporation led by the prefectural government of Akita in northern Japan is the country’s third waste to ethanol project.
The projects, making ethanol from farm waste with subsidies, will pay for building and running of plants totalling about €24.8 million over 5 years.
The... [Read More]
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Nov 28, 2008
Renewable energy company Principle Energy plans to start building a $290 million (€224 million) bioethanol plant in Mozambique in 2009.
Principle Energy, in which London-listed fund manager Principle Capital has a stake, raised $70 million towards the project in 2007.
To date this year it has held back from raising a targeted $90 million due to adverse market conditions.
'Seeing... [Read More]
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Nov 28, 2008
Italian oil refiner Saras plans to start up a 200,000 tonne biodiesel plant in Cartagena, Spain, in December.
The plant will use various vegetable oils as feedstock. The refiner has estimated investment in the plant at €35 million.
Spain is due to introduce a 2.5% compulsory target for biofuels share in total car fuel use next year and raise it to 3.9% in 2010.
That... [Read More]
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Nov 28, 2008
Poet, the US' largest ethanol producer, is engaging in buyout talks with a number of ethanol companies.
Several US ethanol companies have encountered financial battles brought on by volatile market conditions. VeraSun Energy, the second largest US producer, sought bankruptcy protection on 31 October after it suffered significant losses in Q3 due to a dramatic rise... [Read More]
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Nov 28, 2008
US-based Blackhawk Biofuels has opened a 45 million gallon a year biodiesel plant in Danville, Illinois.
The plant on the Indiana border will manufacture biodiesel from vegetable oil.
Blackhawk expects the plant to sell biodiesel by the end of the year. The company bought the plant just before Biofuels Company of America completed construction.
In early March, Blackhawk... [Read More]
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Nov 28, 2008
US-based GreenHunter BioFuels, a wholly-owned subsidiary of GreenHunter Energy, has initiated start-up of biodiesel production at the company's biodiesel refinery in Houston following repairs and recovery from Hurricane Ike.
GreenHunter's biodiesel refinery, one of the country's largest, located along the Shipping Channel in Houston, Texas, sustained a... [Read More]
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Nov 19, 2008
The federal government is raising the target for the amount of ethanol used in the US petrol supply to 11.1 billion gallons.
The US Environmental Protection Agency (EPA) has set its 2009 Renewable Fuels Standard at 10.21%, equating to 11.1 billion gallons of ethanol.
The 2008 RFS was 7.76%, or an approximate 9 billion gallons.
The US Energy Independence and Security... [Read More]
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Nov 19, 2008
Agribusiness US Sugar has entered into an agreement with Illinois-based renewable energy company Coskata to explore building a 100 million gallon a year cellulosic ethanol facility in Clewiston, Florida.
The facility would be the world's largest second generation ethanol facility. It would convert left-over sugarcane material into ethanol, and would help Florida... [Read More]
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Nov 19, 2008
Dominican Republic-based W2E Resources will construct a plant to produce ethanol and electricity, transforming solid waste, including sugarcane bagasse, at a cost of around US$200 million (€158.5 million).
The company is undertaking the environmental impact study and engineering of the final draft, with construction expected to begin early next year, and around 24... [Read More]
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Nov 19, 2008
Cambodia opened its first ethanol factory to generate biofuel from cassava flour on Monday 17 November.
The plant has a capacity of 36,000 tonnes a year.
‘This factory will become the market place of cassava product for local farmers,’ Cambodia Prime Minister Hun Sen comments.
The project, with $40 million (€31.5 million) investment from MH Bio-energy Group... [Read More]
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Nov 19, 2008
Ethanol producer VeraSun Energy expects to report a Q3 net loss of approximately $464 million (€367.6 million).
The figure is more than four times the number quoted in an earlier announcement that accelerated the company's fall into bankruptcy protection.
The second largest US producer, with about 13% of the nation's ethanol capacity, filed for bankruptcy... [Read More]
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Nov 19, 2008
US-based White Mountain Group is expected to inject US$16 million (€12.6 million) worth of investment into Australian Biodiesel Group (ABG) in exchange for 51% of ABG's issued share capital.
White Mountain will provide US$6.2 million to install a new processing and refining plant to be located on current ABG premises. Another US$3 million will go to securing a... [Read More]
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Nov 19, 2008
Germany-based biofuel producer Verbio has reported higher profits with the aid of growing biodiesel exports, but made losses on bioethanol.
‘About 40% of biodiesel production was exported, largely to east Europe,’ the company says, adding that Germany's increased taxes on biofuels resulted in a large cut in sales by all producers inside Germany.
It estimated... [Read More]
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Nov 19, 2008
Carotech, one of Malaysia’s largest producers of palm methyl ester, has signed a RM200 million (€43.9 million) contract with Trafigura Beheer, Amsterdam, for the export of its refined and distilled palm biodiesel to the US and Europe.
‘Trafigura has been our customer since 2007 and this agreement is important to us as it would take up more than 50% of our capacity... [Read More]
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Nov 19, 2008
Switzerland-based biodiesel producer Biopetrol Industries began to bring its 400,000 tonne a year plant in Rotterdam on stream this week and plans to run the operation at half capacity in 2009.
Initially the company expected the plant to be fully operational by the end of Q1 2009 but the company would run just one of two lines due to conservative planning and the outlook... [Read More]
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