Author Archive: Meghan Sapp

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Clariant to scale up Gevo’s technology

Clariant to scale up Gevo’s technology

May 19, 2016 |

In Colorado, Gevo Inc. had announced that it has entered into an agreement with Clariant Corp., one of the world’s leading specialty chemical companies, to develop catalysts to enable Gevo’s ethanol-to-olefins (ETO) technology. As previously disclosed, Gevo’s ETO technology, which uses ethanol as a feedstock, produces tailored mixes of propylene, isobutylene and hydrogen, which are […]

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Bangchak to invest up to $28 million for ethanol plant

Bangchak to invest up to $28 million for ethanol plant

May 19, 2016 |

In Thailand, Bangchak will pay up to $28 million for an ethanol plant with up to 300,000 liters per day production capacity in order to help supply national blending policies. Currently the company has 700,000 liters per day of blending demand while that is expected to rise to 1 million liters per day by 2020. […]

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Benson Hill Biosystems announces cloud biology system for plant genomics

Benson Hill Biosystems announces cloud biology system for plant genomics

May 19, 2016 |

In Missouri, Benson Hill Biosystems announced that is has commercially launched CropOS™, a cognitive engine using cloud biology to empower a new era of plant genomics innovation. CropOS uses powerful data analytics and biological knowledge to identify the most promising plant genetics in weeks instead of multiple growing seasons. Users can discover and breed tomorrow’s […]

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RIN prices soar ahead of 2017 RFS announcement but then fall back after initial rush

RIN prices soar ahead of 2017 RFS announcement but then fall back after initial rush

May 19, 2016 |

In Texas, ahead of the EPA’s 2017 Renewable Fuel Standard draft blending mandate on Wednesday, RIN prices soared 10 cents to 84 cents for D6 ethanol RINs. Previous to the price jump, inter-day movement had averaged around 75 points, but the possible need to increase purchases in order to comply with the 2017 mandate got […]

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The Andersons rejects $1 billion buyout offer for failure to provide value

The Andersons rejects $1 billion buyout offer for failure to provide value

May 18, 2016 |

In Ohio, The Andersons has rejected a more than $1 billion buyout offer from hedge fund manager HC2 Holdings because it says the offer for the grains and ethanol firm undervalues the company. The offer is based on $37 per share, above from the recent trading levels of $32 per share. The fund manager said […]

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Philippines ethanol prices hit 10-week high following US market higher

Philippines ethanol prices hit 10-week high following US market higher

May 18, 2016 |

In the Philippines, CIF ethanol prices have hit a 10-week high to $537.33/cu m thanks to higher ethanol futures prices in the US and higher freight rates out of the US Gulf and Far East. Freight is expected to remain high due to methanol arbitrage into China from the US. Prices have risen 5% since […]

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Oil refiners suffering from higher ethanol and RIN prices

Oil refiners suffering from higher ethanol and RIN prices

May 18, 2016 |

In Texas, oil refiners are getting squeezed by requirements to blend ethanol at ever higher prices while margins shrink due to low oil prices. HollyFrontiner Corp., for example, had to pay $36 million in ethanol premiums during Q1 due to ethanol averaging 30 cents per gallon higher than gasoline in Chicago, while it paid $46 […]

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USDA announces $21 million for bioenergy and biobased products

USDA announces $21 million for bioenergy and biobased products

May 18, 2016 |

In Washington, the U.S. Department of Agriculture (USDA) announced the availability of $21 million to support the development of regional systems in sustainable bioenergy and biobased products, as well as education and training for the next generation of scientists that will expand availability of renewable, sustainable goods and energy. This funding is available through the […]

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EU T2 ethanol prices high four-month highs

EU T2 ethanol prices high four-month highs

May 18, 2016 |

In the Netherlands, T2 ethanol prices have risen to four-month highs on the back of reduced production thanks to Abengoa’s ethanol plant in Rotterdam shutting down until it works through remaining feedstocks and Ensus in the UK remaining offline, though the latter is preparing to restart later in the summer. The Abengoa is currently being […]

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Biodico gets $1.2 million CEC grant to integrate renewables for farms

Biodico gets $1.2 million CEC grant to integrate renewables for farms

May 18, 2016 |

In California, biodiesel producer Biodico Inc. announced May 18 the California Energy Commission awarded the company a $1.2 million grant for its Zero Net Energy Farms project, which would enable farms to generate all electrical and heating power needs from on-site renewable resources, while reducing greenhouse gas footprints. The award was granted under the CEC’s […]

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