In the UK, the University of Greenwich has run into a problem with the UK Power Network who recently said it could only supply 200kWe onto the national grid rather than the 410kWe CHP it had developed as part of an EU-funded project. The power was supposed to be enough to run the entire science […]
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In China, Algae.Tec has made an agreement with China Finance Strategies Investment Holdings Ltd (“CFS”) under which Algae.Tec will issue an initial US$0.5m convertible bond and, subject to the achievement of certain milestones, will issue US$5m conditional options to CFS, and CFS will introduce Algae.Tec’s technology into the greater China region. Algae.Tec Managing Director Mr. […]
In Oregon, the state’s Low Carbon Fuel Standard was approved by the Oregon Environmental Quality Commission in a 4-1 vote on Wednesday. Carbon emissions of fuels sold in the state will have to emit 10% fewer emissions over the next decade which is expected to prompt demand for biofuel blending. California and British Columbia already […]
In Oregon, the state’s department of agriculture held a public hearing on Tuesday regarding the draft rules that would allow growing industrial hemp but biodiesel production remains far away as the proposal allows the use of seeds only for growing hemp but not for sale nor for producing oil.
In Iowa, the CyRide bus company in Ames that serves the city and Iowa State University has contracted REG to supply 350,000 gallons of biodiesel-diesel blends annually, to fuel 78 buses. Blends will be up to B20. The deal is the company’s first supply agreement to a city and offers a higher biodiesel blend than the […]
In Washington, the USDA is contemplating regulating a GM sorghum variety developed by Ceres as a noxious weed. The company developed the variety using a “gene gun” to create an energy crop with more biomass and higher sugar content than others that would increase ethanol yields. The USDA can’t regulate the crop under its biotechnology […]
In Oregon, the state’s Department of Environmental Quality Commission will vote on Jan. 7 whether to implement a low carbon fuel standard that would also include a carbon credit scheme. The standard is expected to have minimal impact on the price of fuel at the pump but recent volatility in the oil market would make […]
In Iowa, the Renewable Energy Group announced its wholly-owned subsidiary has completed the acquisition of IC Green Energy’s (ICG) majority equity ownership position in German biodiesel producer Petrotec AG. REG European Holdings B.V. purchased ICG’s 69 percent equity ownership in Petrotec AG for US $20.9 million, or US $1.235 per share, paid in 2,070,538 newly-issued […]
In Iowa, Renewable Energy Group and Neste Oil have entered into a Settlement and License Agreement whereby the parties have settled Neste’s US patent infringement lawsuit against REG and REG’s Singapore patent infringement lawsuit against Neste and REG has licensed certain Neste Oil NEXBTL technology and intellectual property rights for use at REG Geismar. REG […]
US biodiesel leader heads for the EU – what’s up with used cooking oil, and what is REG’s path forward with the German-based biodiesel producer? In Iowa, Renewable Energy Group and IC Green Energy announced that REG will acquire ICG’s majority equity ownership position in German biodiesel producer Petrotec AG (XETRA: PT8). Closing of the […]