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The results below show our latest news.
The results below show our latest news.
May 16, 2011
Pacific Ethanol reports Q1 2011 financial results
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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
Based in Omaha, Nebraska, US, ethanol producer Green Plains Renewable Energy's net income was $7.7 million (€5.5 million), as the company reported its financial results for the first quarter of 2011, ended 31 March. This compares to $15.6 million for the same period in 2010. Revenues were $812.2 million for the first quarter 2011, compared to $426.5 million during... [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
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
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
In the US, 92.2 million acres of corn will be planted for the purpose of producing ethanol, while 85.1 million acres of corn will be harvested, with a yield of around 158.7 bushels per acre. These are figures according to the US Department of Agriculture (USDA).
'American farmers appear poised to once again respond to market signals and increase their productivity without... [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
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
The US Department of Energy (USDA) has accepted a cooperative's proposal for a Biomass Crop Assistance Program (BCAP) area designation. Named 'Plant, Baby, Plant', the designation was accepted by the USDA on 4 May 2011.
This designation of land will see 30 western Missouri counties and eight counties in Kansas form a 'fuel shed' in which the farmers will grow energy crops... [Read More]
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May 16, 2011
In Visalia, California, US, EdeniQ and Logos Technologies are to begin building a corn-to-ethanol pilot plant in, funded partly by a $20 million (€14.2 million) federal Department of Energy (DoE) grant.
The companies will break ground on the facility on 19 May 2011, marked with a groundbreaking ceremony at 10am.
The pilot plant will be installed with EdeniQ's technology... [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
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
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 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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