In Israel, Evogene has announced its financial results for Q4 and 2014. The company announced that Evofuel continues to make progress toward commercializing its propriety castor seeds in 2016 with key achievements in strengthening its agronomic offering and commercial reach in Brazil. Ofer Haviv, Evogene’s President and CEO, stated: “This past year was a year […]
In Israel, Evogene announced the signing of a collaboration agreement between its wholly-owned subsidiary Evofuel Ltd. and Insolo Agroindustrial S.A., for the selection and optimization of Evofuel’s proprietary castor bean varieties in Insolo farms located in Piaui state in northeast Brazil. The two-year collaboration between the two companies will examine the suitability and adaptability of […]
In Brazil, Integrated Biodiesel Industries has revived itself with a recovery plan to use moringa leaves as raw material for the production of plant biostimulants. The company has gotten new investments from private equity investment fund CapitalCorp Finance, Ltd and Brazil’s Development Bank under an innovation incentive program. Production will be carried out by a […]
In Brazil, Platts says ethanol prices have surged 7% since the government announced higher gasoline taxes on Jan. 19. It takes 90 days for the new tax to come into place, so an existing tax will be raised from Feb. 1 during the intervening period to compensate.
In Brazil, the government will put into force the 27% ethanol blend on Feb. 15, down from the 27.5% blend approved by Congress in September. Mills have been holding back stocks in anticipation of the blending level, with analysts suggesting 7 billion liters of stocks are currently on hand, up 13% over last year at […]
In Brazil, the Brazilian government’s decision to raise taxes on gasoline and diesel is positive for sugar and ethanol (S&E) companies but will not materially alleviate the financial stress of these companies in 2015, according to Fitch Ratings. The new taxes should allow ethanol producers to increase prices, but the positive impact on the EBITDA […]
In Brazil, BP Biocombustiveis is looking to finance investments in its local businesses such as expanding sugarcane production through a capital increase of $126 million, following a similar capital hike of $94 million last month. Shareholders will vote on the plan on Feb. 4.
In Brazil, 2015 biodiesel production is expected to reach 4 billion liters, up 25% on the year. Consumption in 2014 grew 15% to 3.27 billion liters thanks to cheaper biodiesel and more expensive fossil diesel. The country is expected to produce 7.5 million metric tons of soy oil in 2015.
New book The Growth of Biofuels in the 21st Century analyzes contemporary international biofuels policy landscapes
In the US, a new book entitled The Growth of Biofuels in the 21st Century has been published, drawing on interviews with policy insiders in Brazil, the EU, and the US to analyze the ambition and landscape in biofuels policy. Authors Rob Ackrill, professor at Nottingham Trent University, and Adrian Kay, professor at the Australian […]
In Brazil, Petrobras Biofuels will begin producing biodiesel from fish oil, buying 15 metric tons per month of fish waste from around 300 fishing families. Production will take place at the company’s facility in Quixadá, near Ceará. By the end of the year the company expects to purchase fish waste from 600 families.