Quantcast





RSS

RSSArchive for February, 2008

Clinton ethanol legislation support linked to campaign contributions, personal investments in ethanol

In New York, reports have linked Senator Hillary Clinton to investments in several ethanol projects owned indirectly by controversial international investor Ron Burkle. The New York Times reported that President and Senator Clinton hold interests in several projects owned by Yucaipa, a private equity fund founded by Burkle, as compensation for advisory work done by [...]

Cetane Energy receives $1.1 million in Waste Isolation Pilot Plan Acceleration Funds

In New Mexico, the Carlsbad City Council approved a loan of $1.1 million in federal funds for Cetane Energy, which will enable the plant to obtain final permits and commence construction. The funds are provided by the federal Waste Isolation Pilot Plan Acceleration Funds, but are controlled by the local council, and are awarded annually [...]

Diamond Star Energy proposes 35 Mgy biodiesel plant near Pittsburgh

In Pennsylvania, Diamond Star Energy has proposed a 35 Mgy biodiesel plant for Neville Island, in the Ohio River north of Pittsburgh. Diamond Star and Land Gas Technologies will be a con-investor in the project, and is negotiating with Ashland Chemical for a lease of a proposed island-based site. The proposed plant, using an [...]

Biofuels Digest Indexâ„¢ slips 1.34 percent to 126.40 on agribusiness retreat

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 1.34 percent Wednesday to close at 126.40 as diversified agribusiness retreated from gains early in the week.  For the day, The Andersons (ANDE) slipped 1.68 percent to close at $46.27, to lead the downward trend in diversified agribusiness stocks.
Among ethanol stocks, Aventine Renewable [...]

Judge approves sales process for Central Illinois Energy, turns down $25 million Florida offer

In Illinois, a federal judge has approved a sale process for the bankrupt Central Illinois Energy plant in Canton, while turning down an undisclosed Florida group who offered $25 million for the plant and equipment. The $80 million Whitebox offer is the only one that has not yet been rejected for the plant, which ran [...]

Feedstock prices soar; palm oil could reach $1500 in 2008, says analyst; Syntec links prices to surge in queries for its cellulosic catalysts

In Malaysia, Godrej International projects that crude palm oil will reach a price of $1400 per tonne in the September 2008 – February 2009 period. Oil World projects $1090 per tonne in 2008; LMC International forecasts $1213 per tonne in 2008m, while Prudential Bache forecasts a range of $930-$1550 per tonne.
In Canada, Syntec [...]

ASB Biodiesel announces 100,000 tonne biodiesel plant in Hong Kong

In China, ASB Biodiesel announced a 100,000 Tpy multi-feedstock biodiesel plant, that will be built in the Tseung Kwan O industrial area of Hong Kong. The plant will primarily utilize used cooking oil, waste animal fat and grease trap waste as feedstock.
Biodiesel production has been on the rise in China. Last month, Gushan Environmental Energy [...]

Today in Biofuels: US states buy 40,000 flex-fuel cars to avoid using alternative fuels; 20 new VE85 stations in Texas; fire chiefs say US cities and towns unprepared for ethanol fires

Top Story:
Using a loophole in federal law, states are buying flex-fuel cars in order to avoid using alternative fuels.
Under the Energy Policy Act, federal law mandated that 75 percent of new state vehicles must be able to run on alternative fuels, but the Act does not require states to purchase or use alternative fuels. Consequently, [...]

US state governments buying flex-fuel cars to avoid using…alternative fuels; exploiting loophole in federal law that requires alt energy vehicles, but not alt energy fuels

Using a loophole in federal law, states are buying flex-fuel cars in order to avoid using alternative fuels.
More than 2,200 cars and light trucks have been purchased by the New Jersey state government to fulfill requirements from the 1992 Energy Policy Act, but the state has not provided any government-only or retail E85 pumps [...]

Cargill cancels 100 Mgy corn ethanol project in Kansas, cites market conditions

In Kansas, Cargill canceled plans to construct a 100 Mgy corn ethanol plant near Topeka, citing tough economic conditions. The proposed plant had been in the permitting stage with no construction yet underway.
Emerald Renewable Energy, a Cargill subsidiary, had run into tough opposition for its proposed 100 Mgy ethanol plant in Shawnee County. Nearly [...]