Other News
The US Senate has approved the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010. The legislation retroactively extends the biodiesel tax incentive through 2011.
‘The National Biodiesel Board (NBB) is pleased by the Senate’s vote to retroactively extend the biodiesel tax incentive,’ said Manning Feraci, NBB VP of federal affairs. ‘This will help ensure that…
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In a bid to meet growing demand and renewable fuels targets put in place by the government, Canada-based biofuel firm Energy Innovation Corp. is planning to build a biodiesel production facility in Toronto.
When the plant comes online in 2011 it will be the first of its kind in the region, producing 10 million litres a year of biodiesel. According to Energy Innovation, the plant will be one of…
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Key German biodiesel producer EOP Biodiesel has declared bankruptcy following ongoing issues with its banks.
Production at the company’s Pritzwalk-based biodiesel plant ceased in October after a gear unit at its oil mill was damaged.
However it is thought that production could commence once again early next year after repairs have taken place.
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Solar Acquisition Corp. has successfully established its wholly owned biofuels subsidiary B151.
B151 will be responsible for the production of B100 at a cost lower than that of rival biofuel manufacturers, before selling it on to downstream blenders and refiners. It will be blended with conventional fossil fuel-based diesel.
‘Biofuels derived from biomass and advanced biofuels are becoming…
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Finland could see its transport fuel sector made up of 20% biofuels by 2020 after the Finnish parliament approved the contents of a biofuel bill on 10 December.
Today Finland’s distribution requirement stands at 4%.
Should the bill be passed into law, motor fuels will comprise 6% biofuels in 2011, before gradually increasing and reaching 20% in 10 years’ time. The new law would be in…
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Energy company Jatoil has executed a share subscription agreement with Sheng Run Holdings.
An Australian company owned by Chinese electric power and road infrastructure developer Li Xipeng, Sheng Run Holdings Group has been issued 17,144,888 fully paid ordinary shares in Jatoil at $0.04 (€0.03) per share, to raise $685,796. This placement represents 13.04% of the issued capital of the…
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In the US, Kansas city-based Spectrum Business Ventures has acquired an ethanol production plant in Mead, Nebraska.
The plant was formerly owned by E3 Biofuels – Mead but Spectrum purchased the company’s assets out of bankruptcy.
The $90 million (€67.9 million) facility, called the Genesis Complex, was launched back in 2007, however full-time operations failed to commence after E3…
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Following its sixth annual report, the Federal Trade Commission has concluded that the ethanol market in the US lacks focus.
160 companies were found to be either producing the biofuels or likely to be producing it within the next 18 months. This figure was also stated in the 2009 report.
The nation’s largest ethanol manufacturer today makes 12% of the total US production capacity, up from…
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Sweden-headquartered private equity group EQT Infrastructure will acquire independent storage terminal operator Koole Tanktransport.
The shareholders have accepted the offer, subject to the advice of the company’s works council on the transaction. Completion of the transaction will be conditional upon all anti-trust approvals having been obtained.
Koole’s terminals store edible oils and…
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In Sao-Paulo, Brazilian-based Rio Vermelho produces ethanol from around 1.3 million tonnes of sugarcane per season.
Now, in its first ever investment in the sugarcane sector, Glencore, a supplier of commodities and raw materials to industrial consumers, has acquired a stake in the company’ sugarcane mill for over $80 million (€60.5 million).
Switzerland-based Glencore now owns a 70% stake…
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Product chemical manufacturer JSC Mogilevkhimvolokno Organic Synthesis Factory in Mogilev, Belarus, has placed an order to construct a biodiesel plant with BDI BioEnergy International.
The value of the order is just under €10 million.
The biodiesel production facility, which will produce 50,000 tonnes of biodiesel a year from rapeseed oil, is planned for the city of Mogilev, which is based…
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With the issuance of all required permits, the initial activities of clearing, rough grading and drainage improvements at the BlueFire Renewables site in Fulton, Mississippi, have commenced.
In conjunction with Itawamba County and the city of Fulton, BlueFire is currently deploying Recovery Act funds provided by the US DoE’s Energy Efficiency and Renewable Energy Program.
The company’s…
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With a vision to decrease the nation’s dependence on fossil fuels, the Federal Railroad Administration (FRA) has awarded two research grants in a bid to advance the use of bio-based fuels and lubricants.
‘We are committed to reducing our carbon footprint through the use of alternative sources,’ said US transportation secretary Ray LaHood. ‘These innovative projects are just the latest…
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On 1 December the California Energy Commission (CEC) approved the project grant for biodiesel producer Biodiesel Industries to support the state’s Alternative and Renewable Fuel and Vehicle Technology Program.
The biofuel production plant grants provide funding and financial assistance for the development of new, California-based biofuel production and enhance the operation of existing plants…
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In California, the US, Mendota Bioenergy has become the latest company to receive a grant from the California Energy Commission (CEC) in a bid to develop more renewable energy projects in the region.
The $1.5 million (€1.12 million) grant will see Mendota Bioenergy test the feasibility of converting sugar beets and agricultural waste into ethanol and other forms of clean energy,
Should the…
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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/
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#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).
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#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.
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