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Analysis company Bloomberg New Energy Finance have published forecasts suggesting that, if production efficiency continues to improve, the cost of some biofuels could be similar to that of conventional jet fuel by 2018.
However, the study also showed that airlines might end up using only a modest proportion of biofuels (2% or less) in their fuel mix in the next few years.
‘The problem is…
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Petrobras says its operating cash flow last year was 5% more than it was in 2010, at more than R$62 billion (€27 billion).
However, its net income was 5% less than 2010 at R$33 billion in 2011.
In Brazil, its reserves hit more than 15 billion barrels of oil equivalent (boe) and its reserve ratio now stands at more than 19 years.
For its output, oil and natural gas recorded more than 2.6…
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Chroen Industries has been sold to Linde Engineering Dresden after it went into adminstration and Linde will continue to develop Choren’s Carbo-V technology for synthetic gas.
This gas can be used to produce biofuels and Linde already works in this sector, planning, delivering and constructing chemical, gas, biotechnology and pharmaceutical plants.
The insolvency administrator, Bruno…
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An ethanol facility that will produce 10,000 tonnes a year is to be built through a joint venture between GlycosBio Asia and Malaysian Bio-Xchell in Johor Bahru, Indonesia.
Glycos Biotechnologies, a biochemical company, will work with biotechnology developer Bio-XCell to fund the plant that will produce ethanol from crude glycerine.
The project is due to be completed by the second quarter of 2013…
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A new study has shown that biofuels are expected to cost EU consumers about €126 billion at the pump between now and 2020.
The report, which was commissioned by NGOs Friends of the Earth and ActionAid, has been criticised by the ethanol association ePURE as being flawed as the body says it is full of factual errors.
According to ePure, analysts F.O. Licht’s looked at the report and…
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Biobased chemical company Codexis has released its results for last year and says it made more than $123 million (€93 million) in 2011, a rise of 16% from the $107 million it generated the year before.
For the fourth quarter of last year it also made 12% more than the same time the previous year, reporting a revenue of $33.5 million.
For this year, Codexis expects its profits will be similar…
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Chemoprojekt, a Czech Republic-based company specialising in design, engineering and procurement, has formed a joint venture with Nationwide Asset Management.
The 50/50 joint venture has been named FAME Usti nad Labem and will be used for biodiesel production.
The new joint venture will be in charge of the operation of a biodiesel plant that will produce 100,000 tonnes of FAME each year.…
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Algae producer Aquaviridis has joined forces with OriginOil to develop a new technology that extracts oil from the algae and will develop this multi-phase production at its Mexicali site in Mexico.
Through the North American Free Trade Agreement, a region in the country has been put aside for such developments and OriginOil will help by harvesting and developing its algae cultivation…
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The Green Investment Bank (GIB), a world first initiative to encourage private investment into green energy projects, has received 32 bids from cities in the UK willing to host the bank.
The city that wins the bid would need to be able to recruit and retain the staff, work closely with other parties involved in order to further develop investment projects, and ensure that the bank is cost…
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Consulting company Lee Enterprises has developed a RIN verification programme called RIN 9000 which will help biodiesel blenders, producers and others involved to make sure he RINs being sold or bought are legitimate.
Lee’s owner, Wayne Lee, as well as Jess Hewitt from Gulf Hydrocarbon and biodiesel engineering group Agri-Process Innovations, helped to create the programme.
Recently there…
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Novozymes has formed a joint venture with Sea6 Energy, an Indian company, to develop a method of turning seaweed into biofuels. Through the research, enzymes will be used to convert the seaweed-based carbohydrates into sugar, which can then be turned into ethanol through fermentation.
Sea6 Energy will contribute its offshore seaweed cultivation technology to the partnership, whilst Novozymes will…
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Finnish paper producer UPM is to build a biorefinery that will produce biofuels from crude tall oil derived from pulp in Lappeenranta, Finland.
The facility will be commercial size and produce about 100,000 tonnes of biodiesel a year to be used as vehicle fuel. The biodiesel is called BioVerno and produces 80% less greenhouse gases than traditional fossil fuels.
Construction on the biorefinery is…
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Pond Biofuels is developing a new algae growth system that will use CO₂ emissions from smoke stacks to grow biomass, which can then be converted into biodiesel, bioplastics or act as a substitute for renewable coal.
With support from the Ontario, Canada province, Pond Biofuels aims to get a full scale commercial facility into operation at St Marys Cement by 2014.
About one tonne of the algae…
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A US senator has called for congress to do more to support development in technology and biofuels incentives during a briefing at the White House.
Senator Chris Coons spoke at an American Chemical Society briefing, saying that biofuels production was essential for the future of the US economy.
‘This was a great starting point as a concrete forum to look at how we begin to move forward…
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A new technology has been developed at the University of Sheffield in the UK which uses microbubbles to harvest and remove water from algae for biofuel production.
Algae produces oils which can be used to create biodiesel but water needs to be removed from the algae first in order to do so.
Using the microbubble system is an inexpensive way to do this. The process works by floating algae…
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#Spain’s #Repsol is preparing to raise jet fuel output by 15–20% in response to mounting supply disruptions caused by the #Iran #war, which has unsettled global energy markets and tightened aviation fuel availability.
https://biofuels-news.com/news/repsol-to-lift-saf-output-as-iran-conflict-tightens-supplies/
#biofuels #SAF #aviation #output
#Nufarm Limited has expanded its strategic #partnership with #bp, reinforcing Nufarm’s ambition to scale sustainable biofuels and help meet growing demand for sustainable aviation fuel (SAF) and renewable diesel (RD).
https://biofuels-news.com/news/nufarm-extends-saf-and-rd-partnership-with-bp/
#biofuels #feedstock #aviation #SAF
#Thailand has moved to restrict #palm #oil #exports as domestic demand for #biodiesel surges, a trend closely linked to the ongoing conflict in the Middle East.
https://biofuels-news.com/news/thailand-restricts-palm-oil-exports-amid-rising-biodiesel-demand/
#biofuels #feedstock #demand #supply #SEAsia #war #conflict
