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Dec 8, 2010
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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Dec 8, 2010
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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Dec 9, 2010
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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Dec 9, 2010
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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Dec 15, 2010
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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Dec 15, 2010
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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Dec 15, 2010
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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Dec 15, 2010
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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Dec 16, 2010
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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Dec 16, 2010
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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Dec 16, 2010
In Washington, US, the DoE is to award $30 million (€22.4 million) in a new round of funding for advanced biofuels. The $30 million will be awarded to small-scale projects focusing on process integration that support the development of drop-in biofuels. The key focus will be on those projects looking to produce biofuels and bioproducts from biomass. The new funding opportunity will support…
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Dec 17, 2010
Argentina's installed capacity of 1.8 million tonnes of biodiesel a year is set to rise to 2.5 million tonnes a year in 2011. The road to 2011 has seen a ramp-up in production with Argentina's biodiesel output totalling 1.5 million tonnes in the first ten months of 2010, up 56.8% on the year. The country exported 76.7% of the output. Its biodiesel exports rose 22.4% to 1.12 million…
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Nov 30, 2010
In the US, 13.95 billion gallons of biofuels must be blended with conventional fossil-based transport fuels by next year, according to the Environmental Protection Agency’s (EPA) Renewable Fuels Standard (RFS2) requirements for 2011. Of this renewable fuel, 0.78% (1.35 billion gallons) of it will be made up of advanced biofuel, 0.69% (800 million gallons) of biomass-based diesel and 0.003%…
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Dec 1, 2010
Illinois is traditionally known for mass ethanol production owing to its position in the US corn belt, but now biodiesel availability is on the up thanks to fuel terminal operator Kinder Morgan. From mid-December Renewable Energy Group’s REG 9000/1 biodiesel will be available for splash blending at Kinder Morgan’s Argo, Illinois, terminal. REG expects biodiesel from its Illinois facilities,…
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Dec 1, 2010
From April 2011 Europe’s largest airline Lufthansa is to trial biofuel in an Airbus A321 engine. The six-month trial will see the airline use a 50:50 blend of biofuel and kerosene on its local commercial flights from Hamburg to Frankfurt and back again. The project will allow Lufthansa to test the effect of biofuels on plane engines, looking at engine maintenance and the effect of biofuel…
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Dec 1, 2010
Switzerland-headquartered biodiesel producer BioPetrol Industries is to acquire the entire issued share capital of Dutch Biodiesel BV, a manufacturer of biodiesel, after signing an agreement. The deal is subject to shareholder approval and customary closing conditions being satisfied by BioPetrol and Dutch Biodiesel shareholders. Following the satisfaction of these conditions, the deal is…
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Dec 1, 2010
Mexico’s first biodiesel plant has begun operations. The nation’s president Felipe Calderon opened the production facility on 26 November 2010 in the south eastern state of Chiapas. The plant will convert jatropha, palm oil and recycled oil into 20,000 litres per day of biodiesel for use as transport fuel in local vehicles.
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