Archive for January, 2008
US ethanol supplies rise 14 percent as capacity increases; falling prices may result
The US Energy Information Administration said that U.S. ethanol supplies increased 14 percent in November to 11,194,000 barrels, as the result of a 45 percent increase in ethanol production capacity over the past 12 months.
According to the report, U.S. ethanol stockpiles have increased from 9.067 million barrels in June, an increase of 18 percent.
The EIA [...]
Tyson Foods blames biofuels for profit slide
Tyson Foods blamed ethanol for a drop in profits of 10 cents a share, or $23 million, in its first fiscal quarter, and the company said that uncertainty over grain prices made it impossible for the company to issue earnings guidance to analysts. Tyson said that its costs rose 3.9 percent in the first quarter [...]
Corvette Racing Team converts to E85 for American LeMans series
The Corvette Racing team will convert to E85 ethanol for the 2008 American Le Mans season, using cellulosic ethanol produced by KL Process Design Group from wood waste. The fuel will debut at the Mobil 1 Twelve Hours of Sebring in March.
In New Zealand, the Toyota Racing Series recently adopted E85 ethanol as its racing [...]
Iowa needs $2 billion in coal-fired electricity production to supply power for ethanol; critics say coal use “ungreens” ethanol
Two coal-fired electricity plants, in Marshalltown and near Waterloo, have been proposed in Iowa to provide electricity for the growing collection of Iowa ethanol plants. Critics say that ethanol’s need for coal-powered electricity makes the case that it is not a green fuel.
Alliant Energy, co-owner of the Marshalltown project, said that the needs of the [...]
150,000 tonne Rossi Biofuels biodiesel plant opens in Hungary
In Hungary, the 150,000 tonne Rossi Biofuels biodiesel plant has commenced operations in Komárom. Austrian businessman Rudi Roth owns 75 percent of the $60 million project and joint venture partner MOL owns the remaining 25 percent. MOL will use 80 percent of the plant’s biodiesel at its refineries.
Biodiesel is relatively new to Eastern Europe. The [...]
Biofuels Digest Indexâ„¢ slips 0.71 percent to 121.90 despite new cellulosic ethanol grants
The Biofuels Digest Indexâ„¢ (BDI), a basket of publicly traded biofuel stocks, fell 0.71 percent yesterday to 121.90 in mixed trading.
For the day, The Andersons (ANDE) led diversified agribusiness, up 0.61 percent to $46.02, while Archer Daniels Midland (ADM) fell 0.83 percent t $42.94. Most ethanol stocks rose, paced by VeraSun Energy (VSE), which rose [...]
Australian $60 million timber processing project to supply wood waste for ethanol
In Australia, Willmott Forests won a contract from the New South Wales government to expand a $60 million softwood processing plant at Bombala. Plant owners have indicated that they plant to produce ethanol, or supply waste timber biomass for ethanol production, as part of the vision for expansion project.
One of the first projects in Australia [...]
Sudan government expected to pass biofuels bill, fund Khartoum sugar ethanol plant in 2008
In Sudan, the government expects to adopt an alternative energy bill before August. To brief legislators, a parliamentary committee on industry visited the Kenana sugar facility in Khartoum. Kenan, Giad and the ministry of Energy have proposed a Sudanese energy project with an undisclosed location and capacity.
Across Africa, ethanol production has been on the rise, [...]
Today in Biofuels: GM says consumers don’t want diesel despite fuel economy; India biodiesel policy imminent; China to invest $5 billion in Indonesian crops, biodiesel
Top Story:In Detroit, the vice chairman of General Motors said that only 1 in 12 consumers want modern diesel engines because they cost $3,000 to $4,000 per vehicle, and that the popularity of diesel engines in Germany is the result of punitive tax policies that skew the market, result in gasoline costing $8Â per gallon [...]
GM vice-chairman says only 10 percent of consumers want diesel; car makers must prioritize gas-hybrids and ethanol despite superior diesel fuel economy
In Detroit, the vice chairman of General Motors said that only 1 in 12 consumers want modern diesel engines because they cost $3,000 to $4,000 per vehicle, and that the popularity of diesel engines in Germany is the result of punitive tax policies that skew the market, result in gasoline costing $8 per gallon [...]
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The 50 Hottest Companies in Bioenergy - Sponsored by Core Informatics
Click on company name for latest company news
1. Coskata
2. Sapphire Energy
3. Virent Energy Systems
4. POET
5. Range Fuels
6. Solazyme
7. Amyris Biotechnologies
8. Mascoma
9. DuPont Danisco
10. UOP
11. ZeaChem
12. Aquaflow Bionomic
13. Bluefire Ethanol
14. Novozymes
15. Qteros
16. Petrobras
17. Cobalt Biofuels
18. Iogen
19. Synthetic Genomics
20. Abengoa Bioenergy
21. KL Energy
22. Ineos
23. GreenFuel
24. Vital Renewable Energy
25. LS9
26. Raven Biofuels
27. Gevo
28. St.1 Biofuels Oy
29. Primafuel
30. Taurus Energy
31. Ceres
32. Syngenta
33. Aurora Biofuels
34. Bionavitas
35. Algenol
36. Verenium
37. Simply Green
38. Carbon Green
39. SEKAB
40. Osage Bioenergy
41. Dynamotive
42. Sustainable Power
43. ETH Bioenergia
44. Choren
45. OriginOil
46. Propel Fuels
47. GEM Biofuels
48. Lake Erie Biofuels
49. Cavitation Technologies
50. Lotus/Jaguar – Omnivore -
