May 24, 2011
Da Mata to build ethanol plant in Brazil
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May 23, 2011
In New Zealand the demand for biodiesel is growing, so much so that renewable energy company Biodiesel New Zealand is developing a bulk distribution facility in Nelson to try and meet some of this demand in the northern region of South Island.
To be located in Nelson, the project will supply Biodiesel New Zealand's Biogold NZ20 blend of renewable fuel, in addition to its... [Read More]
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May 23, 2011
Two supermarkets in California, US, have selected Extreme Biodiesel, a wholly owned subsidiary of BookMerge Technology, to produce biodiesel for them, at a small charge.
Under the preliminary agreement, Extreme Biodiesel will pick up waste vegetable oil from the supermarkets and transport it to its Extreme Corona plant in Corona, California. Extreme will then turn the... [Read More]
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May 23, 2011
59% of India's petrol for transport purposes could come from biofuels by 2020, according to the Bloomberg New Energy Finance study titled 'Next-generation Ethanol: What's in it for India'.
The new study was released on 17 May 2011 and commissioned by enzyme producer Novozymes.
India, the world's sixth largest fuel guzzler, is under pressure to dramatically reduce its reliance... [Read More]
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May 23, 2011
Oil company PetroVietnam is on schedule to begin operations at its ethanol production facility in October 2011, according to new reports.
Currently 75% complete, the finished Dung Quat ethanol plant will have the capacity to produce 100 million litres of ethanol a year from locally grown cassava.
Central Oil and Gas Biofuel of Vietnam is financing the build and the plant... [Read More]
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May 19, 2011
Germany-based ethanol producer CropEnergies' revenues reached €472.8 million between 1 March 2010 and 28 February 2011, a 26% increase on the previous financial year's €374.1 million.
The company's operating profit was almost four times that of the previous year, increasing from €11.9 million to €45.9 million.
The supervisory board decided to follow... [Read More]
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May 19, 2011
In Baton Rouge, Louisiana, US, speciality chemicals firm Albemarle Corporation has acquired Catilin, a technology company dedicated to the development and application of heterogeneous biodiesel catalysis.
The new move will see Albemarle become involved in several R&D synergies.
'We are excited to offer Catilin technology alongside our existing GoBio portfolio to customers... [Read More]
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May 19, 2011
One of the UK's biggest ethanol production plants is due to temporarily close following unfavourable market conditions.
Ethanol producer Ensus owns the Wilton, Teesside-based facility, which will be shut down at the end of May 2011 for up to four months.
According to Ensus, the closure can be attributed to a slump in customer demand, coupled with competition from the US.
However,... [Read More]
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May 16, 2011
Ethanol producer Southwest Iowa Renewable Energy (SIRE) has revealed that it made $674,031 (€477,867) in net losses for the second quarter which ended on 31 March 2011. This is lower than the company's $742,851 net loss reported in the same period in 2010.
Brian Cahill, SIRE's general manager and chief executive officer said, 'Our corn oil extraction implementation... [Read More]
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May 16, 2011
In the US, agribusiness and ethanol company The Andersons has achieved record first quarter net income attributable to the company of $17.3 million (€12.3 million), or $0.93 per diluted share, on revenues of $1 billion. In the same three month period of 2010, the company reported results of $12.3 million, or $0.66 per diluted share, on $722 million of revenues.
During... [Read More]
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May 16, 2011
US-based technology company New Generation's 2010 financial results show that the company lost a total of $11.6 million (€8.2 million) last year, as ethanol production declined.
Throughout 2010 New Generation produced 21,000 gallons of biofuel – a significant decrease compared to the 209,000 gallons the company produced in 2009.
2010's net operating expenses... [Read More]
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May 16, 2011
Spain's Abengoa earned €1.656 billion in revenues during the first quarter of 2011. This is a 43% increase compared to the same period in 2010. EBITDA (earnings before interest, income taxes, non-controlling interests, depreciation and amortisation) also increased this year and reached €254 million, while the company's net income for Q1 2011 was €56 million,... [Read More]
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May 16, 2011
In East Java, Indonesia-based PT Perkebunan Nusantara X (PTPN X) and New Energy and Industrial Technology Development Organization (Nedo) of Japan, are planning to build an ethanol production plant in Mojokerto.
Costing an estimated $25.5 million (€18 million) to build, the plant is expected to be up and running by early 2012, before commercial operations begin at... [Read More]
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May 16, 2011
In Honolulu, Hawaii, Hawaiian Electric Company is looking for a 42 million gallon-a-year biofuel supply that will be used to power its Kahe Power Plant in Leeward, Oahu.
Preferably, the biofuel will derive from Hawaii-based feedstocks, however bidders may also propose a combination of local biofuel and biofuel sourced from outside of Hawaii. The company also explained... [Read More]
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May 16, 2011
In the US, renewable fuels producer Pacific Ethanol's Q1 2011 net sales were $173.1 million (€122.7 million), compared to $71.3 million for the same period in 2010.
The company saw an increase in the total number of gallons sold, which went from 58.7 million gallons in Q1 2010 to 84.6 million gallons in Q1 2010, an increase of 25.9 million.
Pacific Ethanol attributes... [Read More]
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May 16, 2011
To date just two North American companies are exempt from tariffs implemented by the European Commission on biodiesel imported from Canada and the US. Renewable energy company Biox is the most recent to receive this exemption.
'This exemption ensures that Biox retains unencumbered access to export our product to the EU, which represents the largest existing biodiesel market... [Read More]
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May 16, 2011
The ethanol subsidiary of biofuels firm AE Biofuels – AE Advanced Fuels Keyes – has resumed operations at its $130 million (€92 million) 55 million gallon a year ethanol production facility in Keyes, California, US.
Cilion finished building the plant in November 2008 but it was closed in early 2009 due to 'technical and market issues'. In March 2010 AE... [Read More]
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