News

China Integrated Energy plans to sell 8 million shares of the company's stock in a public follow-on offering in order to fund the expansion of its biodiesel production capacity, wholesale distribution and retail gas station businesses, and working capital and general corporate purposes. The oil and gas company said it plans to grant the underwriters of the offering an option to buy up to…
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India is set to fix the price of biodiesel for purchase by oil companies. India’s government is likely to fix a price of Rs 34 (€0.49) a litre after biodiesel producing companies agreed to sell the fuel at that rate in a recent meeting between the government's representatives and industry players. ‘Most of the biodiesel plants are either running at 5% capacity or lying idle. This…
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Tri-City Energy looks to sell its 5 million gallon a year biodiesel plant in Keokuk, Iowa, US, to BFSG International of Zurich, Switzerland. The acquisition will be finalised through Tomorrow’s Choice in Energy, or TC Energy, a wholly- owned subsidiary of BFSG. The sale includes Keokuk Glycerin in which Tri-City Energy has a 51% stake. Upon finalisation the plant will change its name to TC…
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Finland-based fuel company St1 will build more than 20 ethanol facilities by 2020 in a programme totalling €400 million. St1 opened its fifth ethanol plant in October in Lahti, on track for its 300 million litre a year target. The Lahti facility uses waste from a nearby brewery as feedstock.
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Energy leading US state California is perhaps not every ethanol producer’s choice. BlueFire Ethanol planned to build its second cellulosic ethanol facility in the state, but development and licensing concerns, coupled with the challenging business climate in California caused company officials to petition the Department of Energy for a site change to Mississippi. The producer has received…
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The year is 2013, and the place: Brazil. UK energy major BP will be instrumental in the deployment of large-scale cellulosic ethanol facilities. Its first port of call, however, will be north of the border. BP’s first second generation ethanol plant will be constructed in the US next year, with the technology being transferred to its plants in Brazil after operations commence at the US…
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Spain-based ethanol company Abengoa Bioenergy intends to bring three new ethanol plants online by Q1 next year. The addition will boost its global production capacity to about 2.6 billion litres. The company is building ethanol plants in Illinois and Indiana, US, each with a capacity of 380 million litres a year, and one in Rotterdam with a capacity of 480 million. Abengoa sees ethanol sales…
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Figures for the first half of 2009 show an improvement in Germany’s bioethanol market. The industry suffered a stagnant production spell in 2008, but now Federal Office of Economics and Export Control (BAFA) figures for the first half of 2009 show that the German bioethanol industry is building up with demand rising almost four-fold compared to 2008. New legislation regulating biofuels in…
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The relationship between the US and EU biodiesel industries is a sinking ship. EU producers, voiced by the European Biodiesel Board, have raised questions over the activity of US biodiesel producers, suspecting them of exporting a new blend to Europe to avoid EU tariffs. The European Biodiesel Board (EBB) says US exporters of the fuel may have begun shipping a blend not covered by duties. The…
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Rwanda’s government is teaming-up with the US and UK on a biodiesel project. The $35 million (€23.5 million) project between the Rwandan Government and US firm Eco-Fuel Global and the UK’s Eco-Fuel Positive will use the non-edible shrub jatropha as feedstock. The two firms will lease 10,000 hectares of land near Akagera National Park in the Eastern Province to produce 16 million litres of…
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Peterborough Renewable Energy (PREL) has received approval from the Department of Energy to build the first Energy Park in the UK, which will eventually generate enough green electricity to power 60,000 homes. The Energy Park will be built in Peterborough and achieve 4,000 MW of biomass power needed to meet the renewable requirement for 2020 for the UK. The UK needs to generate 15% of its…
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The Hungarian Development Bank’s ELMIB plans to build a HUF 9 billion (€32.6 million) wood industry waste-fuelled power plant in Salgótarján. The plant will generate 200,000 GJ of heat, or enough for 60% of the city's district heating demand, and 12.5MW of electricity, enough for all 20,000 of the city's homes. The project is due to be online in Q4 2012. ELMIB recently started…
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Ontario, Canada-based StormFisher Biogas will fuel its plants with organic waste thanks to a new deal. Food retailer Loblaw Companies will supply 15,000 metric tons a year to the $15 million (€10 million) biogas plant in London, Ontario. The agreement with Loblaw, a subsidiary of Canadian food distributor giant George Weston, is StormFisher’s biggest deal since last year’s announcement…
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