Author Archive: Meghan Sapp

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Kartesia and Bayside Capital buy out Desmet Ballestra in debt-to-equity swap

Kartesia and Bayside Capital buy out Desmet Ballestra in debt-to-equity swap

June 28, 2016 |

In Belgium, Kartesia and Bayside Capital have bought out majority ownership of Desmet Ballestra from Equistone Partners by buying out the company’s staggering debt beginning as far back as 2012. By mid-2015, the two companies had owned 60% of Desmet Ballestra’s debt that would later be swapped for equity to bring the company into a […]

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UK UCO-based power company seeking funding to refinance equipment

UK UCO-based power company seeking funding to refinance equipment

June 28, 2016 |

In the UK, Abundance is running a peer-to-peer regulated investment scheme to source Living Power with £2.47 million in equity to refinance their bioliquid-power generators they use to supply the grid. The company uses UCO to power the generators, collected from around the country and through its sister company Living Fuels. The bonds have a […]

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Brookhaven lab alters lignin without inhibiting growth

Brookhaven lab alters lignin without inhibiting growth

June 28, 2016 |

In New York state, by engineering a novel enzyme involved in lignin synthesis, Brookhaven National Laboratory scientists have altered the lignin in plant cell walls in a way that increases access to biofuel building blocks without inhibiting plant growth. Lignin is a natural component of plant cell walls, the scaffolding that surrounds each cell and […]

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Australian Renewable Energy Agency gives A$2.4 million grant for biorefinery project

Australian Renewable Energy Agency gives A$2.4 million grant for biorefinery project

June 28, 2016 |

In Australia, the country’s first biorefinery capable of producing renewable diesel and jet fuels from plant material could become a reality in Queensland with support from the Australian Renewable Energy Agency. ARENA is providing A$2.4 million in funding support for Southern Oil Refining to develop and construct a state-of-the-art biocrude and biofuel laboratory in Yarwun, near […]

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Rabbi encourages biodiesel industry to produce kosher for glycerin market

Rabbi encourages biodiesel industry to produce kosher for glycerin market

June 27, 2016 |

In Wisconsin, a rabbi speaking at the National Advanced Biofuels Conference & Expo in Milwaukee encouraged biodiesel producers using corn oil, soy and oil vegetable oils as feedstocks to ensure their production method was kosher, providing wider market opportunities for the glycerin byproduct. Some polysorbate 80 used in the corn oil extraction process can be […]

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Former biofuels promoter awaits sentencing for failure to pay income taxes

Former biofuels promoter awaits sentencing for failure to pay income taxes

June 27, 2016 |

In Iowa, a former fundraiser for Energae LP that was a significant owner of Permeate Refining is awaiting sentencing after pleading guilty to failure to pay federal income taxes for employees working at the ethanol plant. He could spend up to five years in prisons and pay monetary penalities. He was indicted on multiple counts […]

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Newfoundland to get new advanced biodiesel plant using wood

Newfoundland to get new advanced biodiesel plant using wood

June 27, 2016 |

In Canada, unnamed investors have agreed to build a commercial-scale biodiesel facility in Botwood, Newfoundland that will use Tennessee-based Proton Power’s technology to produce the fuel from wood. The process burns the biomass to produce hydrogen that in turn is then used to produce biodiesel. The company’s 7.2 million gallon facility is set to come […]

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Bihar distillery switches over to ethanol production following alcohol ban

Bihar distillery switches over to ethanol production following alcohol ban

June 27, 2016 |

In India, just 10 weeks after alcohol was banned in Bihar, already Sati Organics Private Limited has shifted to ethanol production from potable alcohol, keeping its 250 employees on board. Though the distillery’s alcohol production capacity is much higher, it will begin with about 120,000 liters of ethanol production. Sugar mills have had a difficult […]

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Two more RIN fraudsters plead guilty

Two more RIN fraudsters plead guilty

June 27, 2016 |

In Florida, Thomas Davanzo, of Estero, Florida, and Robert Fedyna, of Naples, Florida, pleaded guilty on Friday for their participation in a multi-state scheme to defraud biodiesel buyers and U.S. taxpayers by fraudulently selling biodiesel credits and fraudulently claiming tax credits, announced Assistant Attorney General John C. Cruden of the Justice Department’s Environment and Natural […]

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NRDC releases 2016 Aviation Biofuel Sustainability Scorecard

NRDC releases 2016 Aviation Biofuel Sustainability Scorecard

June 27, 2016 |

In Washington, the National Resource Defense Council has released its 2016 Aviation Biofuel Sustainability Scorecard with six airlines falling under the “leading category”: KLM/Air France, British Airways, Cathay Pacific, Scandinavian Airlines, South African Airways and United Airlines. Other airlines were categorized by advancing, basic and nonresponsive. Included in the scoring was how airlines address ILUC […]

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