Nov 24, 2009
South East Asia the OPEC of biofuel
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Nov 24, 2009
In an attempt to kick start its commercial biofuel production project, Viridas has announced a €940,000 share placing to fund a plantation in Brazil.
The share placing is just one of the ways the Leeds, UK-based company is raising money to establish a new administrative organisation in Brazil and to buy a 250 hectare farm in Bahia.
Stanley Wootliff, chairman of Viridas,... [Read More]
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Nov 23, 2009
Texas-based Valero is reaping the benefits of buying seven corn ethanol plants for $477 million (€316 million).
The company’s high profits are linked to an increase in demand for ethanol. This is most likely due to the low prices of corn and the government mandates to boost usage.
Valero’s profits are spurring producers on to ask the EPA to increase the blend of... [Read More]
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Nov 23, 2009
A pilot cellulosic ethanol plant in Wyoming, US, has won approval to take part in a new programme supporting the development of biofuels.
KL Energy is currently working on producing ethanol from wood chips, gathered from Black Hills National Forest on the Wyoming-South Dakota state line, at its test plant in Upton.
The new programme by the US Department of Agriculture... [Read More]
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Nov 23, 2009
Brazil has signed an agreement with Mozambique for a $6 billion (€4 billion) investment in biofuel exploration.
The report was confirmed by António de Godoy, chairperson of the Brazilian confederation of biofuel companies Arranjo Produtivo Local do Alcool (APLA).
The biofuels, made from sugarcane, will be exported to Brazil in the hope that the new source of fuel... [Read More]
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Nov 23, 2009
Brazil state-owned energy company Petrobras’ wholly-owned subsidiary Petrobras Biocombustível has acquired a 50% stake in BSBIOS Marialva Indústria e Comércio de Biodiesel Sul Brasil.
The investment amounts to R$55 million (€21.28 million) and strengthens the company’s green fuel foray.
BSBIOS Marialva is located in the municipality of Marialva, in the state... [Read More]
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Nov 23, 2009
The demand for biodiesel in Europe has spurred one Bulgarian port to develop a storage terminal.
Infrastructure is being eyed for an imported palm oil storage facility at one of its Black Sea ports.
Palm oil will arrive from Indonesia. The nation is conducting market expansion of agricultural products to Europe.
Aside from feedstocks that could be used to create biodiesel,... [Read More]
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Nov 23, 2009
It has been tested in aeroplanes before, but now biofuels have made new aviation headlines.
On Monday 23 November KLM Royal Dutch Airlines transported passengers above the Netherlands for 90 minutes with one engine powered with a 50% mix of biofuel and 50% kerosene, the typical air craft fuel, which fuelled the three other engines.
Biofuel used on the flight reduces... [Read More]
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Nov 19, 2009
Poet Energy, the US’ largest corn-based ethanol producer, sees the race between cellulosic ethanol and petrol prices head-to-head by 2011.
Poet’s one-year-old pilot plant in South Dakota has minimised the cost of making ethanol from corn cobs from $4.13 (€2.77) a gallon to $2.35 a gallon by slimming down capital costs and using an improved cocktail of enzymes.
‘Two... [Read More]
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Nov 19, 2009
Elsewhere in the US, cellulosic ethanol developer ZeaChem has begun construction on its 250,000 gallon a year semi-commercial scale production facility in Oregon.
The company has enlisted Hazen Research to fabricate the front-end fermentation modules and will install the units at ZeaChem’s. The facility is expected to be fully operational by the end of 2010.
The... [Read More]
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Nov 18, 2009
Australia will soon have its first fully self-sustainable biodiesel plant operating in the next few weeks.
The plant, situated in Moree, New South Wales, will use algae ponds to create biodiesel, stock feeds and water for the local community.
Talks about the new plant began 12 months ago between CubicQED and the Moree Plains Shire Council.
The plant has garnered significant... [Read More]
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Nov 18, 2009
Korean motorists may be using more eco-friendly fuels in their cars in just a few years’ time.
The introduction of a Renewable Fuel Standard (RFS) system, which would mandate the use of a mixture of biofuels and petrol in vehicles, is currently under consideration.
The government will review its plans and if everything works out the RFS system could be implemented... [Read More]
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Nov 17, 2009
Biofuel producer Hero BX recently received a $1.6 million (€1.1 million) grant to expand production by 10 million gallons per year.
The Pennsylvania, US based company expects to expand its use of farm-raised feedstocks, which would benefit farmers in New York, Ohio and Pennsylvania.
CEO Leonard Kosar said: ‘Unlike many other companies that are simply developing technologies... [Read More]
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Nov 17, 2009
One of China’s largest biogas projects, the 20,000m3 Minhe biogas project in Shandong, is now successfully connected to the grid.
Minhe is the first Clean Development Mechanism (CDM) project, which has been registered in Clean Development Mechanism Executive Board, United Nation's Framework Convention on Climate Change, with annual revenue of €0.6 million.
The... [Read More]
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Nov 17, 2009
Germany-based biofuels company Verbio's biodiesel output took a steep fall in the first half of 2009.
The company’s biodiesel production fell from 300,000 tonnes to 288,000 tonnes. This led to reduced bioethanol prices, which caused a loss for the company. Verbio posted a nine month loss of €14.9 million.
Verbio blames Germany’s increased taxes on biodiesel.... [Read More]
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Nov 17, 2009
More than $24 million (€16.1 million) has been awarded to various projects by the US Department of Agriculture and Energy (USDA) to help support research into biofuels, bioenergy and biobased products.
The projects that will be aided by these grants include Gevo, Exelus, Oklahoma State University, Itaconix, Purdue University and GE Global Research.
Energy Secretary,... [Read More]
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Nov 17, 2009
In the US, Epec Biofuels Holdings and DPG Investments have established a joint venture to provide funds for biofuels projects.
The two entities have formed Epec Finance, which will provide project financing to Epec Biofuels and select financing initiatives in the biofuels and renewable energy sectors.
Epec Finance will fund up to $376 million (€253.5 million) of project... [Read More]
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