Good news, Ceres fans. Pavel Molchanov at Raymond James writes: “We are taking this opportunity to highlight what we think is an attractive entry point in Ceres, in advance of the company’s biggest catalyst of 2013. When Ceres reports its financials for fiscal 3Q13 (ending May 31) in the first half of July – and [...]
Greetings to you, all of you, in the vast Legion of the Perplexed when it comes to the Renewable Fuel Standard. To explore the challenges and opportunities for obligated parties and producers alike over the next few years, Cowen & Company gathered last week in NYC a set of heavyweights experts to share their view [...]
Seen aviation biofuels taking off — and looking to invest in the sector? We look at 19 companies getting traction now. Earlier, the news arrived that United Airlines executed a definitive purchase agreement with AltAir Fuels, and has agreed to buy 15 million gallons of lower-carbon, renewable jet fuel over a three-year period, with the [...]
In Missouri, Monsanto announced a new three-year share repurchase program and declared a quarterly dividend. Monsanto’s board authorized a new share repurchase program, effective July 1, for up to $2 billion of the company’s common stock over a three-year period. The new program will commence at the completion of Monsanto’s existing $1 billion share repurchase program, [...]
In Minnesota, BioAmber announced that the French Autorité des marchés financiers approved BioAmber’s prospectus for admission of its common stock to listing and trading on the Professional Segment of NYSE Euronext Paris, and has granted visa number 13-265, dated June 10, 2013, on the prospectus. BioAmber’s common stock will commence trading on the NYSE Euronext [...]
In Minnesota, BioAmber announced that effective June 10, the common stock and warrants comprising BioAmber’s units will, as previously disclosed, begin trading separately on the New York Stock Exchange under the symbols “BIOA” and “BIOA.WS”, respectively. The warrants are exercisable beginning on August 8, and expire at 5:30 PM on May 9, 2017. In connection [...]
In Finland, UPM and Renmatix have into a non-exclusive joint development agreement whereby both companies will further develop Renmatix’s water-based Plantrose process to convert woody biomass into low-cost sugar intermediates for subsequent downstream processing into biochemicals. Offering cost-competitive bio-alternatives for select petrochemicals on an industrial scale is the long term goal of this initiative. UPM [...]
In Malaysia, five companies have signed a joint venture cluster agreement to accumulate as much as 1.5 million tonnes of dry oil palm biomass that will be used to produce products such as biofuels, either as ethanol or pellets. An article in the Daily Express lists the companies involved as Bell Group, Golden Elate, Genting [...]
In Switzerland, Clariant is engaged in discussions with unnamed parties to become partners for an ethanol plant that will utilize its Sunliquid enzyme technology. In an interview with Bloomberg, Clariant’s Biofuels and Derivatives head, Mark Rarbach is quoted as stating, “We are in close and advanced discussions with partners about commercialization of the technology.” Rarbach [...]
In the United Kingdom, the Green Investment Bank has published its first market report on anaerobic digestion. The report gives an overview of the issues facing the market and identifies the opportunities, and barriers, for investment. The findings of the report will be used to inform GIB’s strategy on the potential for debt investment in [...]
In the United Kingdom, Albion, a venture capitalist, has launched Albion Community Power with plans to raise as much as £100m in the next four years to invest in renewable energy projects. According to an article in reNews, ACP is seek opportunities in biogas, biomass, hydro, solar, and wind – anything with feed in tariffs. [...]
In California, the Blueshirt Group announced it has expanded its investor relations capabilities to include Energy Technology. This addition significantly increases the firm’s sector coverage to encompass the broadest range of technology expertise along with branded consumer, business services and now energy. Veteran energy sector analyst Shawn Severson, formerly of JMP Securities, has joined the [...]
In California, Oberon Fuels has received a $500,000 grant from the San Joaquin Valley Air Pollution Control District to produce fuel-grade DME at its facilities in California. Working with its partners, Volvo Trucks in North America and Safeway, Oberon will provide DME produced from biogas for Safeway’s trucking operations. Oberon has developed a patented, skid-mounted, [...]
In Washington, the Biotechnology Industry Organization’s President and CEO Jim Greenwood made the following comments about the Farm Bill reauthorization just passed by the Senate. “Reauthorizing Farm Bill energy programs and providing robust mandatory funding for the energy title will help U.S. industrial biotech companies innovate and develop new products. Putting homegrown technologies to work [...]
In Canada, the Climate Change and Emissions Management Corporation is funding three new initiatives through its Biological Greenhouse Gas Management Program, and is managed by Alberta Innovates Bio Solutions. The first project, through the University of Calgary, will use filters containing naturally occurring microbes that live on methane gas to reduce low-volume methane emissions at [...]
Biofuels Digest Index adds 8, grows to 36 companies, expands roster of renewable chemicals and drop-in fuels players. In Florida, Biofuels Digest announced that it has added BioAmber, Metabolix, Neste Oil, Total, Global Clean Energy, Sacom, BASF, and Eni to the Biofuels Digest Index. The overall Index now stands at 36 companies with the new [...]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, edged up 0.15 percent to 66.66 as large caps recovered. For the day, Amyris (AMRS) retreated 4.99 percent to $3.62, while Monsanto gained 2.67 percent to $98.50. Among other equities, Codexis (CDXS) srebounded 6.25 percent to $2.55. Overall, advances led declines 2 to 1 [...]
US Markets were closed yesterday (Jan 1) for the New Year Holiday. On Monday, the Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, jumped 1.82 percent to 63.87 as advanced biofuels soared. For the day, Amyris (AMRS) soared 27.35 percent to $3.12, while Syntroleum (SYNM) surged 14.29 percent to $0.40. Among other equities, [...]
In Canada, Viridis Energy reported a comprehensive loss loss of $753,000 during the 1st quarter of 2013, a decrease from the $1.2 million loss in the same quarter of 2012. Revenue for Q1 2013 was $2.3 million, compared to $2.4 million for Q1 2012. Gross profit increased to $336,000 or 15% of revenue in the [...]
In the United Kingdom, Foresight Group has signed a non-binding heads of terms with Kedco to partially finance the construction and operation of a 12MW biomass plant in London. Under the structure of the financing agreement, a co-investor will be required to invest alongside Foresight funds. Under the heads of terms Kedco will retain a [...]
In California, VIASPACE announced it has signed a Giant King Grass supply contract with Sagay Central, of Bacolod City, Negros Occidental, Philippines. Sagay is a sugar milling and sugar growing company, producing 150,000 tons of sugar per year. The Giant King Grass biomass will be used for electrical generation. No details financial details or details [...]
