Archive for June, 2009
Biofuels Digest Index gains 1.1 percent to 55.98
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, gained 1.10 percent to 55.98 as large caps recovered. For the day, Archer Daniels Midland (ADM)gained 2.10 percent to $27.25, while BP gained 1.52 percent to $47.96. Among small caps, Pacific Ethanol (PEIX) gained 28.57 percent to $0.36. Overall, advances and declines were even [...]
Climate change bill passes, with five-year punt on indirect land use change
In Washington, the US House of Representatives passed the climate bill by a 219-212 margin. The bill now moves to the US Senate where it is sure to attract fierce Republican opposition, and will likely require 60 votes to avoid procedural roadblocks. Senate Majority Leader Harry Reid said he aimed to deliver the signed bill [...]
CMEA confirms work on algae “stealth project”, may form new company
In California, Cleantech Group is reporting that CMEA Capital has said that “they are working on a stealth project in collaboration with a university in San Diego to genetically modify algae to produce chemicals.”
“We’re working to see if we can build our own company,” CMA founder Baruch told Cleantech. “We’re shopping for the right technologies [...]
Chromatin to supply Syngenta with gene stacking technology
In California, Chromatin announced that it has entered into an exclusive worldwide research and commercial license agreement with Syngenta Biotechnology for Chromatin’s proprietary gene stacking technology in sugar cane.
Chromatin has developed a novel approach to gene stacking, using the plant’s own DNA to deliver several genes. Under this agreement, Syngenta has obtained exclusive rights to [...]
Verenium moves to due diligence on US DOE loan guarantee
In Florida, Verenium and BP announced that their jointly-owned, commercial cellulosic ethanol project in Highlands County has been moved by the US DOE into the due diligence phase of its Title XVII Loan Guarantee Program. Under this program, the DOE may provide loan guarantees for project debt covering up to 80% of eligible costs. The [...]
Today in Biofuels Opinion: “Algae is considered a lot father away than ten years.”
From SeekingAlpha: “The Gigaton Throw Down has published a 150 page report on their view of the big energy bets for the next ten years. They analyze nine energy technologies that have the potential of displacing at least a billion tons of CO2 each within the next ten years. A gigaton by their calculation is [...]
UK PM proposes $100 billion global fund to ease emissions reduction costs for Third World
In the UK, prime minister Gordon Brown proposed the creation of an international $100 billion fund to distribute to Third World nations for alleviating the costs of reducing greenhouse gas emissions. The fund would be paid by sale of carbon credits. The proposal is aimed to break a logjam in international climate treaty talks, just [...]
Gasoline no longer the primary fuel for light vehicles in Brazil
By Biofuels Digest special correspondent Al Costa
It´s official now: gasoline is no longer the primary fuel for light vehicles in Brazil. Instead, alcohol is now fueling over 50% of the cars in the country, said Tuesday Almir Barbassa, Petrobras´s CFO.
“Truly speaking gasoline has become the alternative fuel. It is today what ethanol was before”, said [...]
Praj wins Bio-excellence Award for Praj Matrix R&D centers, home to 2nd gen ethanol and algae research
In India, Praj Industries was awarded the Bio- Excellence award from the state government of Karnakata, for its Praj Matrix R&D center. The facility includes 14 laboratories including pilot plants for cellulosic and first-gen ethanol and biodiesel, as well as algal Sciences.
North Carolina algae research program in jeopardy after funding cut
According to Star News, “The N.C. Community College BioNetwork will stop funding BCCs biotech program and others statewide in the upcoming fiscal year, said Michelle Sabaoun, the colleges lead biotech instructor.” The BioNetwork has provided $600,000 in funding over a four year period, with half going to support an algae-to-enbergy research project. The algae research [...]


