Tag: Texas

Vessels loads 40,000 m3 of ethanol in Houston heading for Brazil

In Texas, a vessel is being loaded with 40,000 cubic meters of ethanol in Houston destined for Brazil’s Suape port. Brazil’s ICMS state tax is currently being waived on ethanol imports going into the north and northeastern states of Pernambuco and Paraiba before Aug. 15. The shipment is expected to land on Aug. 6. Reuters […]

July 24, 2014 More

KiOR may sell the company after missing loan payment

In Texas, KiOR said in an SEC statement that it has hired Guggenheim Securities to advise on possibly selling the company after it failed to make a $1.88 million loan payment on June 30. The state of Mississippi has agreed to a loan forbearance on the $75 million loan it received—and still owes $69.4 million […]

July 10, 2014 More

Benefuel closes $11 million series C raise

In Texas, Benefuel Inc. announced that it has closed $11 million in the first tranche of its offering of Series C Preferred Stock. A U.S. subsidiary of Suncor Energy, Canada’s leading integrated energy company was the primary subscriber. The first tranche also included Flint Hills Resources and other existing shareholders. Additionally, Benefuel and Suncor have […]

July 8, 2014 More

KiOR receives 4-month extension on Mississippi debt

In Mississippi, KiOR has been granted another four months to raise money and resume repaying its $69.4 million debt to the state rather than be forced into bankruptcy with Mississippi seizing its Columbus refinery. The state negotiated a short-term forbearance agreement with KiOR under which the company will pay Mississippi $250,000, and the state will […]

July 7, 2014 More

Rice University converts biodiesel waste into chemicals with nanoparticles

In Texas, Rice University chemical engineer Michael Wong has spent a decade amassing evidence that palladium-gold nanoparticles are excellent catalysts for cleaning polluted water, but even he was surprised at how well the particles converted biodiesel waste into valuable chemicals. Through dozens of studies, Wong’s team focused on using the tiny metallic specks to break […]

June 30, 2014 More

Grand jury indicts fraudster on 68 counts of RIN scams worth $29 million

In Texas, a federal grand jury in Houston has indicted Philip Joseph Rivkin, aka Felipe Poitan Arriaga, with 68 counts including allegations of wire fraud, mail fraud, Clean Air Act false statements, and money laundering for RIN offenses via Green Diesel LLC, Fuel Streamers Inc., and Petro Constructors LLC. The Justice Department estimates the scam […]

June 24, 2014 More

Texas A&M researchers measuring GHG footprint of bioenergy cropping systems

In Texas, researchers in the Texas A&M University soil and crop sciences department have been measuring greenhouse gases from biofuel production scenarios to help quantify the carbon footprint of a bioenergy cropping system and evaluate compliance with federally mandated reduction goals.  

June 4, 2014 More

Flint Hills Resources buys PetroLogistics

In Texas, PetroLogistics have entered into a definitive agreement to be acquired by Flint Hills Resources. Flint Hills Resources will acquire all of PetroLogistics’ outstanding common units for $14.00 per common unit in cash, except for those common units owned by Lindsay Goldberg LLC, York Capital Management, PetroLogistics’ Executive Chairman and its President and Chief […]

May 28, 2014 More

Texas A&M researchers develop tools to quickly evaluate algal strains

In Texas, researchers at Texas A&M are developing microfluidic lab-on-a-chip systems that can be used as high-throughput screening tools to quickly evaluate the growth and oil production characteristics of numerous algal strains under various growth conditions. Their paper describes how the team demonstrated the development of 10s or 100s of pico-liter sized photobioreactors on a […]

May 19, 2014 More

US ethanol and DDG exports jump in March

In Texas, ethanol exports in March jumped 25% over the month before with 84 million gallons, just under January’s 86.2 million gallons. Main destination countries were Canada and Brazil, with some also heading to the Philippines and Nigeria. DDG exports also soared, reaching a new monthly high of 1.16 million metric tons. Main destinations were […]

May 8, 2014 More