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The results below show our latest news.
The results below show our latest news.
Nov 19, 2008
VeraSun forecasts $464 million loss
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Nov 19, 2008
US-based White Mountain Group is expected to inject US$16 million (€12.6 million) worth of investment into Australian Biodiesel Group (ABG) in exchange for 51% of ABG's issued share capital.
White Mountain will provide US$6.2 million to install a new processing and refining plant to be located on current ABG premises. Another US$3 million will go to securing a... [Read More]
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Nov 19, 2008
Germany-based biofuel producer Verbio has reported higher profits with the aid of growing biodiesel exports, but made losses on bioethanol.
‘About 40% of biodiesel production was exported, largely to east Europe,’ the company says, adding that Germany's increased taxes on biofuels resulted in a large cut in sales by all producers inside Germany.
It estimated... [Read More]
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Nov 19, 2008
Carotech, one of Malaysia’s largest producers of palm methyl ester, has signed a RM200 million (€43.9 million) contract with Trafigura Beheer, Amsterdam, for the export of its refined and distilled palm biodiesel to the US and Europe.
‘Trafigura has been our customer since 2007 and this agreement is important to us as it would take up more than 50% of our capacity... [Read More]
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Nov 19, 2008
Switzerland-based biodiesel producer Biopetrol Industries began to bring its 400,000 tonne a year plant in Rotterdam on stream this week and plans to run the operation at half capacity in 2009.
Initially the company expected the plant to be fully operational by the end of Q1 2009 but the company would run just one of two lines due to conservative planning and the outlook... [Read More]
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Oct 24, 2008
Brazil's state-owned oil company Petrobras and Galp Energia SGPS have signed an investment agreement to create a joint-venture to develop a biofuel production and marketing project.
The agreement is the outcome of a Memorandum of Understanding the companies signed last May, which was aimed at studying the feasibility of joint biodiesel production, marketing and distribution... [Read More]
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Oct 24, 2008
US-based Kinder Morgan Energy Partners (KMP) has announced successful ethanol movements through its Central Florida pipeline system and has begun tests to assess transporting biodiesel through its pipelines on a commercial basis. The company is conducting a test movement of blended B5 biodiesel in a segment of the Plantation Pipe Line system that transports petrol and... [Read More]
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Oct 24, 2008
The Vietnam Oil and Gas Corporation (PetroVietnam) will invest $120 million (93 million Euro's) to set up a bioethanol plant in the Dung Quat economic zone in central Ngai province. The Deputy Minister of Sciences and Technology Nguyen Van Lang says Vietnam has an urgent need to develop biofuels to meet its energy demands.
The country is placing a high priority on... [Read More]
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Oct 24, 2008
India's Hindustan Petroleum Corp Limited (HPCL) has formed a biofuels joint venture with Chhattisgarh State Renewable Energy Development Agency (CSREDA). The joint venture, CSREDA-HPCL Biofuels Limited (CHBL), would cultivate tree-borne oil (TBO) plants such as jatropha curcas, which serve as feedstock for biodiesel.
HPCL would operate CHBL as its subsidiary with... [Read More]
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Oct 24, 2008
A group of Brazilian companies and industrial organisations will set up a joint venture to finance research in cellulosic ethanol, the Sao Paulo Industry Federation (Fiesp) says. The initiative includes Brazil's leading sugar and ethanol producer, Copersucar, the country's Sugar Cane Industry Association, Unica, and the local subsidiary of commodities giant Bunge.... [Read More]
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Oct 24, 2008
French water and waste management group Veolia will launch its first biodiesel plant in France in early 2009 using oil recycled from the restaurant trade.
The plant in Limay, near Paris, would be Veolia's first move in the biofuels industry, Laurent Bromet, head of biofuels at the group, says.
Bromet anticipates that recycled cooking oil could account in the future... [Read More]
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Oct 24, 2008
Tokyo-based Cosmo Oil will invest 30 million yen (260,000 Euro's) in a bioventure company in eastern Japan to improve its activity to develop bioethanol.
Cosmo Oil will acquire a 40% equity stake in Kashiwa, Chiba Prefecture-based Biomaterial in Tokyo, which has technology to make cellulose-based ethanol.
The major oil distributor is aiming to develop technology... [Read More]
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Oct 24, 2008
Malaysia has raised its 2008 biodiesel export forecast to 200,000 tonnes, more than double that of last year's 95,013 tonnes.
'Export of biodiesel is picking up in volume and speed,' Plantation Industries and Commodities Minister Datuk Peter Chin states. 'The spread between the selling price of palm methyl ester and the feedstock is allowing biodiesel... [Read More]
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Oct 24, 2008
Colombia will have six operational palm biodiesel plants by next year with a plan to increase its share of the biofuels market. The South American country is the leading producer of palm oil in the Americas.
Four of these six plants have already begun operating, but production will be stepped up next year and the other two plants will also come on stream.
The export... [Read More]
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Oct 24, 2008
The US department of Energy (DoE) has awarded funds to promote the build-up of cellulosic ethanol production. Poet, the largest producer of ethanol in the world, will receive $76.3 million (59.5 million Euros) to commercialise cellulosic ethanol production technology.
In February 2007, Poet was selected by the DOE for a total award of up to $80 million in federal funding... [Read More]
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