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Archive for May, 2013

Stop and smell the Ceres along the way

“Don’t hurry, don’t worry,” said the golfer Walter Hagen, “and be sure to smell the flowers along the way.” Pretty good advice for finding values in pure-play biofuels feedstock equities. Investing in feedstocks that lead to biofuels can be a tricky business – for one, because it’s rarely a pure-play – feedstocks like corn have […]

May 29, 2013 More

Bunge Limited increases quarterly dividend on common shares and declares dividends on preference shares

In New York, Bunge Limited has approved an increase in the company’s regular quarterly cash dividend, from $0.27 to $0.30 per common share. The new dividend is payable on September 3, 2013, to shareholders of record on August 20, 2013. The company also declared a quarterly cash dividend of $1.21875 per share on its 4.875% cumulative convertible perpetual preference shares, payable on September 1, […]

May 29, 2013 More

REX American reports gross profit of $9.1 million for first quarter of 2013

In Ohio, REX American Resources reports first quarter 2013 consolidated gross profit of $9.1 million, compared with $5.5 million for the same quarter in 2012. In Q1 ‘13, equity in income of unconsolidated ethanol affiliates rose to $1.6 million, compared with $0.4 million in Q1 ‘12. REX’s first quarter in 2013 income from continuing operations […]

May 29, 2013 More

Herakles Capital suspends work on 60,000 hectare palm oil plantation

In Cameroon, Reuters reports that Herakles Capital has been forced to stop work on a 60,000 hectare palm oil plantation by the government. Herakles is a venture capital firm based in New York, and states it is working with the government to resume work. The stoppage was caused by protests by a combination of villagers […]

May 29, 2013 More

OriginOil retains Merriman Capital as capital markets advisor

In California, Merriman Capital has been retained as capital markets advisor to OriginOil. In this capacity, Merriman will advise OriginOil management on various strategic initiatives focused on increasing shareholder value. These initiatives include the effective engagement of a potentially broader institutional shareholder base, strategies intended to increase trading liquidity, evaluating various strategic capital markets initiatives […]

May 29, 2013 More

VG Energy Enters into a Strategic Alliance with DAK for LipidMax Field Trials

In California, VG Energy, an agricultural biotech company, announced a strategic alliance with DAK Renewable Research to conduct field trials using LipidMax to increase the corn oil yield. DAK Renewable Research headquartered in Brandon, South Dakota brings agricultural innovations together with investors. It is primarily focused on developing viable and cost-effective green energy solutions.  DAK is providing […]

May 29, 2013 More

LCTI Low Carbon Technologies and Sunthenoil form JV for algae to oil project.

In Canada, LCTI Low Carbon Technologies International has entered into a joint venture with Sunthenoil LLC. The JV plans to develop a 1,000 acre algae to oil project, located on LCTI real estate assets. The joint venture intends to utilize a technology as sub-licensed through Sunthenoil LLC from SunEco Energy of California. When complete, the project […]

May 29, 2013 More

Senators King and Collins introduce The Biomass Thermal Utilization Act of 2013

In Washington, Senator Angus S. King, Jr. introduced legislation, cosponsored by Senator Susan Collins that would recognize and promote the economic and environmental benefits of biomass thermal energy. The Biomass Thermal Utilization Act of 2013, or BTU Act, would amend the federal tax code to incentivize biomass energy, as it already does for several other […]

May 29, 2013 More

BioNitrogen announces a $10 Million allocation from the Florida New Markets Capital Investment Program

In Florida, BioNitrogen has signed a term sheet for a $10 million investment supported by the Florida New Markets Capital Investment Program. The investment will be in NMTC equity capital into a newly-formed subsidiary of BioNitrogen, and will translate into a cash investment of approximately $1.95 million for BioNitrogen. BioNitrogen is obligated to pay 3% […]

May 29, 2013 More

Time is king for renewable fuels, in the Valley of Disbelief

Is there a bump for renewable fuels equities when they cross the “2 years to profitability” mark? We look beyond the Valley of Death and into the Valley of Disbelief. In Biofuels Digest this week, we introduced the idea that, after negotiating the Valley of Death, high-tech (including biofuels companies) enter the Valley of Disbelief, […]

May 22, 2013 More