Aug 1, 2011
Verenium announces debt repurchase
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Aug 1, 2011
Canadian waste-to-biofuels company Enerkem has closed C$29 million (€21 million) in additional financing through corporate equity (C$14.5 million) and corporate debt (C$14.2 million) transactions.
As part of the equity financing round, The Westly Group, Fondaction CSN and Quince Associates join existing investors Valero Energy, Waste Management, Rho Ventures, Braemar... [Read More]
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Aug 1, 2011
Agave, a plant normally used to produce tequila, has been found to offer significant advantages as a biofuel feedstock.
The crop can be grown on marginal agricultural land, while thriving in dry environments and yielding high sugar content, according to a report from the Smith School of Enterprise and Environment, entitled 'Life cycle energy and greenhouse gas analysis... [Read More]
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Aug 1, 2011
In Kansas, US, Abengoa is developing a biomass to bioethanol plant, with support from the US Department of Agriculture (USDA).
The project is one of four to receive funding from the Biomass Crop Assistance Program (BCAP).
Abengoa's project, planned for Hugoton, near to its existing biomass plant, will be able to produce 100 million litres of cellulosic ethanol and 20MW... [Read More]
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Jul 29, 2011
In Colombia, EcoPetrol's Bioenergy S.A.is planning a 480m3 per day sugar-to-ethanol plant in Los Llanos.
Biofuels technology and process engineering company Praj Industries has been awarded a $22 million (€15.4 million) contract to supply the main process plant for the project.
Speaking about the order, Pramod Chaudhari, executive chairman of Praj Industries, said:... [Read More]
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Jul 28, 2011
Brazil's energy giant Petrobras is looking to produce 5.6 billion litres of ethanol by 2015, according to Miguel Rossetto, CEO of the company's biofuel division Petrobras Combustíveis.
The ramp up would see Petrobras obtain 12% of the domestic market. The company had a 3.3% share in the market last year, after it manufactured 1 billion litres of ethanol.
Between... [Read More]
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Jul 28, 2011
Hunt Ramsbottom, CEO of Rentech is to provide the keynote address on 3 October at the Biofuels International expo & conference in Calgary, Canada.
Rentech's proposed Olympiad Renewable Energy Centre (Olympiad Project), located in White River, Ontario, Canada will be designed as a state-of-the-art energy facility that would employ the Rentech-ClearFuels biomass gasification... [Read More]
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Jul 28, 2011
In Tocantins, Brazil, Pedro Afonso Açúcar e Bioenergia, a joint venture between ITOCHU and Bunge, began manufacturing ethanol on 22 July.
ITOCHU holds 20% of the shares in the joint venture, through its wholly owned subsidiary JB BioEnergy. Bunge owns the remaining 80%.
ITOCHU and Bunge have also formed a partnership for the production and sales of ethanol... [Read More]
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Jul 28, 2011
In the US, ethanol company Aventine Renewable Energy Holdings is looking to commence operations at its defunct ethanol plant in Aurora East, Nebraska.
The plant has been idle since April 2011 but could be up and running again soon, as the company has completed improvements to the fermentation process.
'Our operational focus is to implement identified changes to bring the... [Read More]
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Jul 27, 2011
Chevrolet is looking to launch a biodiesel-powered model of the Chevrolet Cruze in the US.
These vehicles are already available in Europe, and US drivers will be able to purchase the eco-friendly Chevrolet Cruze from Q1 2013. The modified car will give motorists the option to fill up on diesel blended with biodiesel.
Chevrolet chose to modify its Cruze because it has 'proven... [Read More]
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Jul 27, 2011
In British Columbia, Canada, a commercial-scale biodiesel plant has been officially opened, following a grand opening ceremony on 27 July 2011.
Based in the Cowichan Valley, Vancouver Island, the new plant will enable the Cowichan Bio-Diesel Co-operative to supply biodiesel from locally sourced feedstocks.
Previously, the co-op was providing its customers with cooking... [Read More]
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Jul 27, 2011
In the US, the state of New Jersey's first biodiesel-powered school bus has hit the sack, after being retired in June at the end of the 2010/2011 school year.
The bus, which could be nation's first to run on a blend of 20% biodiesel (B20), had been in operation since 1998, during which time it consumed more than 28,000 gallons of biodiesel.
'Similar to the biodiesel industry,... [Read More]
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Jul 27, 2011
Maple Energy, an integrated energy company, is expected to complete construction and begin commercial operations at its ongoing ethanol project in Q4 2011.
The $254 million (€175 million) greenfield ethanol project, located in Peru, consists of a 7,800 hectare sugarcane plantation and an ethanol plant, which will be able to produce 35 million gallons a year of ethanol... [Read More]
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Jul 26, 2011
In the US, using inefficient farmland to grow perennial grasses instead of corn for the production of ethanol can yield increased volumes of corn and higher ethanol output per acre, according to a new report. The move would also see a reduction in the levels of carbon dioxide and nitrous oxide emissions.
The study, which is published in Frontiers in Ecology and the Environment,... [Read More]
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Jul 26, 2011
Petrobras approved its 2011-2015 Business Plan on 22 July 2011.
Under the new plan, the Brazilian energy company's total energy investments during this period will reach $224.7 billion (€155 billion). This is the largest business plan in the oil and gas industry, in addition to the largest investment made by a single company.
The company's share in the exploration... [Read More]
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Jul 26, 2011
In Straubing, Germany, chemicals company Süd-Chemie has broken ground on what will be the nation's largest cellulosic ethanol plant.
By Q4 2011, the plant is expected to be producing 1,000 tonnes a year of cellulosic ethanol from locally sourced agricultural waste, including wheat straw.
Bavaria's Minister of Economic Affairs, Martin Zeil, was present at the ceremony,... [Read More]
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Jul 25, 2011
In the Philippines, commercial operations at the Roxhol Bioenergy ethanol plant in Negros Occidental province have been delayed, after production was due to start on 1 July 2011.
Operations are now due to start in August/September, when the plant will begin producing 100,000 litres a day of ethanol from molasses.
Although talks have been held regarding the sale of ethanol... [Read More]
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