Biofuels Digest Index drops to 73.26 as MNEL drops, REGI joins

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, dropped 0.48 percent to 73.26 as Mission NewEnergy continued its MNELtdown. For the day, BP jumped 4.01 percent to $45.91, while Mission NewEnergy (MNEL) dropped10.31 percent to $0.87 after palm oil biodiesel outlook for the US darkened. Among other equities, BlueFire Renewables (BFRE.OB) soared 57.14 percent to $0.33. Overall, declines led advances 2 to 1 for the day. In other news, Renewable Energy Group (REGI) joined the Index today, replacing CleanTech Holdings (CLTH.OB).