Archive for September, 2008
Biofuels Digest Index falls 7.84 percent to new low of 59.69 amidst Wall Street wipeout
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, lost a record 7.84 percent Monday to close at an all time low of 59.69 amidst a Wall Street wipeout occasioned by the failure of the US House of Representatives to pass the banking bailout bill. For the day, Archer Daniels Midland (ADM) fell [...]
Columbia Energy, Portland General Electric partner in pilot CO2-to-algae plant in Oregon
In Oregon, Columbia Energy Partners and Portland General Electric announced a pilot project to create algae using CO2 sequestered from PGE’s Boardman power plant. The project has taken two years from first contact to the establishment of the pilot; both companies said they would await the results of the initial production in six closed photobioreactor [...]
Coskata investigating $400 million, 100 Mgy cellulosic ethanol plant on US Suagr land in Florida
In Florida, US Sugar and the State of Florida are considering the location of Coskata’s cellulosic ethanol plant at the sugar mills Clewiston facility. Coskata said that they hope to construct a $400 million plant that would produce 100 Mgy of cellulosic ethanol from sugar cane feedstock.
The proposed deal comes as US Sugar is negotiating [...]
HM-3 to commence pilot-scale wood chip ethanol production in Oregon
In Oregon, HM-3 will commence production at its pilot-scale cellulosic ethanol plant using poplar tree wood chips from pulp mills in the Columbia River Basin and the Willamette Valley. The company commences operations after four years of testing feedstocks at the University of Washington.
Tulsa Biofuels expands grease collection area, commences local recycling in search for more biodiesel feedstock
In Oklahoma, Tulsa Biofuels has expended its collection area to more than 100 local restaurants and schools for its waste oil and grease-based biodiesel, and has set up its first public cooking grease recycling station. The company said that it was able to produce biodiesel at a 30 to 40 cent discount over petroleum-based diesel.
Today in Biofuels Opinion: “we don’t just need a bailout. We need a buildup…an energy technology revolution.”
Thomas L Friedman, Deccan Chronicle: “Yes, this bailout is necessary. This is a credit crisis, and credit crises involve a breakdown in confidence that leads to no one lending to anyone. You don’t fool around with a credit crisis. You have to overwhelm it with capital. But that is not the point of this column. [...]
France to drop biofuels tax credits by 2012; cites rising oil, grain prices
In France, the national government announced that it will eliminate all biofuels tax credits by 2012, saying that increased oil and grain prices have removed the reason for the creation of the subsides. The tax credits were established to provide support in times of low grain prices, and as a protection against competition from cheap [...]
NZ tallow biodiesel plant to launch; will use 13 percent of nation’s tallow, supply up to 5 percent of diesel fuel
In New Zealand, Ecodiesel said that it expects to commence production at a 7 Mgy tallow-based biodiesel plant by May 2009. The company said that it would absorb in the process 13 percent of all New Zealand tallow production; and the company said that it would expect to double plant capacity by 2011, replacing up [...]
UK’s Helius Energy sells biomass-to-power project to RWE Innogy for $56 million
In England, Helius Energy announced that it would sell its Stallingborough renewable power project to RWE Innogy UK. The 65MW renewable electricity plant at Stallingborough in North East Lincolnshire will transfer to RWE for $56 million. Helius will retain 13 percent of the profit stream from the plant for the first 24 years of operation.
CO2 levels still rising despite Kyoto, other measures, says British Antarctic Survey
The British Antarctic Survey released its annual CO2 report, showing that despite worldwide action on climate change through the Kyoto Treaty, CO2 emissions and concentration in the atmosphere is still increasing.


