Nov 19, 2008
Raven targets ethanol biorefinery
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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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Nov 19, 2008
Raven Biofuels International has entered into a Memorandum of Understanding (MOU) with Price Biostock (Price) to develop an ethanol biorefinery located in the Gulf Opportunity Zone of Mississippi, US.
The agreement calls for a biorefinery output of 33 million gallons a year based on a projected 21 million gallons a year of fuel grade ethanol and 12 million gallons a year... [Read More]
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Nov 12, 2008
Boeing and Air New Zealand have announced that they will conduct the first flight test of second generation sustainable biofuel in an airliner on 3 December.
The planned test will be carried out using an Air New Zealand Boeing 747 flying from Auckland, New Zealand. During the flight, one of the jumbo jet's four Rolls-Royce engines will run partly on jatropha-based biofuel.
Successful... [Read More]
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Nov 12, 2008
Mexico's state-run petroleum company Pemex plans to start producing petrol blended with 6% ethanol over the next four years.
Pemex plans to phase out the use of MTBE as a petroleum oxygenate in Guadalajara, Monterrey and Mexico City.
The company plans to begin testing 6% ethanol fuel at two service stations and in a test fleet starting in November.
Pemex will... [Read More]
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Nov 12, 2008
The ethanol market is set to swell to 27.7 billion tonnes over the next four years, a report by Global Industry Analysts finds.
Fuel-ethanol is experiencing great interest brought on largely by the ban on MTBE in several countries and its resulting replacement with ethanol.
In the US, the renewable fuels standard mandates the use of approximately 8 billion gallons of... [Read More]
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Nov 12, 2008
Paris-based Akuo Energy plans to build a 30 million gallon a year sweet-sorghum-based ethanol plant in Uruguay. It will be Akuo's first international ethanol plant.
With Akuo Energy supplying the equity investment, financing arrangements are currently being negotiated, Alain Castro, president of Akuo Energy South America, explains.
The last of the necessary governmental... [Read More]
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Nov 12, 2008
China-based Hainan Yedao Group has reportedly invested $51.5 million (41.1 million Euros) in a new biofuel facility to produce 33 million gallons a year of bioethanol from cassava plants.
The plans follow recent moves from the Beijing government to ban the use of grain-based energy crops in bioethanol, amid concerns demand had led to a decline in food supplies.
Cassava... [Read More]
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Nov 12, 2008
US-based agriculture company Archer Daniels Midland and Brazil's Grupo Cabrera have an agreement to form a joint venture to produce ethanol from sugarcane.
The partnership will bring together ADM's expertise in ethanol production, logistics and marketing with Cabrera's knowledge of sugarcane agriculture and production.
'As the world's need for food and energy grows,... [Read More]
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