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Nov 12, 2008
Akuo Energy to build Uruguay ethanol plant
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Nov 12, 2008
China-based Hainan Yedao Group has reportedly invested $51.5 million (41.1 million Euros) in a new biofuel facility to produce 33 million gallons a year of bioethanol from cassava plants. The plans follow recent moves from the Beijing government to ban the use of grain-based energy crops in bioethanol, amid concerns demand had led to a decline in food supplies. Cassava... [Read More]

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Nov 12, 2008
US-based agriculture company Archer Daniels Midland and Brazil's Grupo Cabrera have an agreement to form a joint venture to produce ethanol from sugarcane. The partnership will bring together ADM's expertise in ethanol production, logistics and marketing with Cabrera's knowledge of sugarcane agriculture and production. 'As the world's need for food and energy grows,... [Read More]

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Nov 12, 2008
Australia-based biofuels producer Mission NewEnergy, formerly Mission Biofuels, has announced that a joint venture with a scientific team in India has successfully produced cellulosic ethanol from agricultural wastes at a pilot-scale facility in northern India. The project focused on developing a novel conversion process for lingocellulosic feedstocks at the plant, which... [Read More]

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Nov 12, 2008
US-based marketer and producer Pacific Ethanol has increased its Q3 sales and lost more money due to higher demand for ethanol and more expensive corn. Shares of Pacific Ethanol dropped $0.17 (â?¬0.14) to close at $0.91 after the company reported a hefty loss in early November. The company lost $54.9 million in the quarter ended 30 September, compared to the... [Read More]

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Nov 12, 2008
Vital Renewable Energy Company (VREC), a new Brazilian company, has secured funding amounting to $1 billion (€799 million) for ethanol and electricity generation projects in Brazil. The funding was completed by an international consortium of private investors including Paladin Capital Group, Vision Brazil Investments, Leaf Clean Energy Company, Petercam Asset Management... [Read More]

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Nov 19, 2008
The federal government is raising the target for the amount of ethanol used in the US petrol supply to 11.1 billion gallons. The US Environmental Protection Agency (EPA) has set its 2009 Renewable Fuels Standard at 10.21%, equating to 11.1 billion gallons of ethanol. The 2008 RFS was 7.76%, or an approximate 9 billion gallons. The US Energy Independence and Security... [Read More]

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Nov 19, 2008
Agribusiness US Sugar has entered into an agreement with Illinois-based renewable energy company Coskata to explore building a 100 million gallon a year cellulosic ethanol facility in Clewiston, Florida. The facility would be the world's largest second generation ethanol facility. It would convert left-over sugarcane material into ethanol, and would help Florida... [Read More]

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Nov 19, 2008
Dominican Republic-based W2E Resources will construct a plant to produce ethanol and electricity, transforming solid waste, including sugarcane bagasse, at a cost of around US$200 million (€158.5 million). The company is undertaking the environmental impact study and engineering of the final draft, with construction expected to begin early next year, and around 24... [Read More]

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Nov 19, 2008
Cambodia opened its first ethanol factory to generate biofuel from cassava flour on Monday 17 November. The plant has a capacity of 36,000 tonnes a year. ‘This factory will become the market place of cassava product for local farmers,’ Cambodia Prime Minister Hun Sen comments. The project, with $40 million (€31.5 million) investment from MH Bio-energy Group... [Read More]

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Nov 19, 2008
Ethanol producer VeraSun Energy expects to report a Q3 net loss of approximately $464 million (€367.6 million). The figure is more than four times the number quoted in an earlier announcement that accelerated the company's fall into bankruptcy protection. The second largest US producer, with about 13% of the nation's ethanol capacity, filed for bankruptcy... [Read More]

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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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