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RSSArchive for March, 2008

Biofuels Digest Index falls 0.53 percent to 117.53 on agribusiness weakness despite broader biofuels advance

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 0.53 percent to close at 117.53 as weakness in larger caps overshadowed a broader advance.  For the day, Archer Daniels Midland (ADM) fell 0.75 percent to close at $42.38.
Among ethanol stocks VeraSun Energy (VSE) gained 2.10 percent to close at $7.77, while Pacific [...]

BioTrucker Fuel Card debuts, gives truckers cash prices on biodiesel at 149 truck stops; seen as critical new promotion tool for biodiesel retailers

The National Biodiesel Foundation announced the BioTrucker Fuel Card, which gives the cash price (or a discount of up to $0.02) and a waiver on fuel transaction fees at 149 truck stops around the country that sell biodiesel.

Sweden’s Svenska Statoil increases E85 sales 180 percent in February

In Sweden, Svenska Statoil said that E85 sales increased 180 percent in February over the corresponding period in 2007, to 1.26 million gallons. Sales increased by 4 percent over January 2008. The company operates 280 ethanol stations in Sweden, offering E5 and E85 blends.

California city ratifies Mayors’ Climate Change pact; pledges sustainable buildings, biofuel conversion, energy efficiency and recycling drives

In California, Pacifica ratified the US Mayors’ Climate Protection Agreement. The agreement, developed by the U.S. Conference of Mayors, includes commitments by US cities and towns to: measure carbon footprints, set emission reduction targets, promote energy efficiency, promote sustainable building practices, increase fuel efficiency in municipal fleets and convert diesel vehicles to biodiesel, and increase [...]

Canada’s Student Transportation to convert 235 buses to biodiesel

In Canada, Student Transportation of Canada will convert 235 of its 1,000 school bus fleet of 1,000 buses to biodiesel. The blend ratio was not disclosed but the company said it expected to generate emission reductions of up to 40 percent from the conversion. STC is the fourth-largest school bus fleet in North [...]

Canadian cellulosic ethanol developer Woodside Biofuels garners first institutional investor

In Canada,  Investeco Capital said that they would invest in cellulosic ethanol producer Woodland Biofuels of Ontario. Investeco said that Woodside’s Catalyzed Pressure Reduction technology have it a material advantage over other cellulosic ethanol producers as well as first-generation biofuels. Woodside recently received $9.8 million from Sustainable Development Technology Canada towards the cost of its [...]

Orion Ethanol acquires site from Dimmitt Ethanol; will convert old mill to multi-fuel and power complex

In Kansas, Orion Ethanol acquired a Texas wet milling plant from Dimmitt Ethanol. The purchase price was $2.5 million. Orion plans to convert the facility to ethanol production, with a total cost of the project estimated at $66 million, compared to more than $130 million for construction of a new dry milling ethanol facility. Orion’s [...]

Today in Biofuels: Landmark study re-models soot impact in climate change, rivals carbon; Germans ethanol industry calls for protection against Brazil; Wisconsin goes 25 x 25

Top Story:
US researchers have remodeled soot emissions, concluding that soot causes nearly 60 percent of the global warming impact of CO2, and because soot has a shorter lifecycle than carbon emissions (that can last for up to 100 years), tackling soot offers a “faster win” against climate change than carbon strategies. The article, in [...]

Landmark study re-models soot impact in climate change, rivals carbon

US researchers have remodeled soot emissions, concluding that soot is causing nearly 60 percent of the global warming impact of CO2, and because soot has a shorter lifecycle than carbon emissions (that can last for up to 100 years), tackling soot offers a “faster win” against climate change than carbon strategies.
The article, in Nature Geoscience, [...]

Philippine legislative leader calls for biofuels moratorium over food supply concerns

In the Philippines, senior legislator Roilo Golez called on President Arroyo to issue a moratorium on biofuel production, following China’s lead.  Golez said that the diversion of food for fuel production “is bad policy in the face of the food crisis.”