Biofuels Digest Index revised: SYNM, BIOF out; DYAI, ABGB, EVGN, DSM in

The Biofuels Digest Index has been rebalanced for the year. Previously, Verenium (VRNM) had dropped from the Index due to the merger with BASF. Now, Syntroleum (SYNM) drops from the index with the asset purchase of its Dynamic Fuels assets by Renewable Energy Group (REG). Also, we dropped Biofuel Energy (BIOF) from the Index as the company has exited the renewable fuels space.

To replace these stocks, we have added Abengoa, which is now nearing commercialization of its cellulosic ethanol technology at Hugoton, Kansas; DSM (DSM.AS), which has increasingly focused on a biobased strategy;  Dyadic (DYAI), which we expect to become a fully reporting SEC company this year; and Evogene (EVGN), which completed a successful US IPO late last year and is now listed on the NYSE. At the same time, we have rebalanced the weightings in the index to reflect the recent surge in ethanol equities.

The Index has tracked the bioeconomy since August 27, 2007. Stocks are weighted to reflect market cap, and also the extent to which diversified industrial companies are focused on a biobased strategy.

The Biofuels Digest Index stocks are:

ADM

Algae.Tec

Amyris

Aemetis

The Andersons

BASF

Bluefire Renewables

BioAmber

British Petroleum

Biox

Codexis

Ceres

Cosan

DuPont

DSM

Dyadic

Eni

Evogene

Global Clean Energy

Green Earth Technology

Gevo

Green Plains Renewable Energy

KiOR

Lignol

Metabolix

Monsanto

Neste Oil

Novozymes

OriginOil

Pacific Ethanol

Shell

Renewable Energy Gp

Sacom

Syngenta

Solazyme

Total

Valero