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Bio-Venta launches 100,000 tonne canola biodesel plant in Latvia

In Latvia, Bio-Venta commenced operation of a 100,000 tonne canola-based biodiesel plant in Ventspils. The $128 million projected was completed by Constructus over 22 months.

Biofuels Digest Index falls 0.87 to 110.84 on ethanol, ADM dips

Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 0.87 points to 110.84 on a continued slide at ADM and ethanol weakness.  For the day, Archer Daniels Midland (ADM) fell 0.90 percent to close at $39.50, while VeraSun Energy (VSE) fell 0.72 percent to close at $6.94.  Among small caps, Earth Biofuels (EBF)  [...]

Biofuels Digest Index drops 4.58 percent on bad reaction to ADM working capital equity raise

The Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, had a shock drop of 4.58 percent to 111.81 as investors reacted to a potential drop in earnings per share at ADM after a $1.75 equity offering, combined with overall weakness in ethanol stocks. For the day, Archer Daniels Midland (ADM) fell 4.98 [...]

Pacific Ethanol capital raise clears path for completion of California corn ethanol plant, analyst says, but liquidity concerns remain

Raymond James analyst Pavel Molchanov released a report on Pacific Ethanol’s capital raising activities in the face of a liquidity challenges brought on by construction cost overruns and increasing costs for corn feedstock. Molchanov said that the company could be expected to use $5.75 million raised from management and insiders to alleviate working capital needs, [...]

Biofuels Digest Index drops 2.58 percent to 117.18 on poor reaction to $2 billion equity issue by ADM

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, slumped 2.58 percent Tuesday to close at 117.18 on  a drubbing of ADM shares following a financing announcement by the agri-giant.
For the day, Archer Daniels Midland (ADM) fell 2.83 percent to close at $41.95, while Pacific Ethanol (PEIX) took a 1.44 percent dip to [...]

Biofuels Digest Index slips 0.36 on agribusiness drop, Pacific Ethanol plunge

The Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, fell 0.36 percent Friday to close at 120.28 on an agribusiness slip and an ethanol slide. For the day, Archer Daniels Midland (ADM) fell 0.25 percent to close at $43.17, while Pacific Ethanol (PEIX) took a 19.31 percent beating to fall to $4.18 following [...]

Biofuels Digest Index drops 0.85 percent to 120.72 on agribusiness dip

The Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, fell 0.85 percent yesterday to close at 120.72 on an agribusiness slide. For the day, Archer Daniels Midland (ADM) fell 0.96 percent to close at $43.28, while Pacific Ethanol (PEIX) fell back 6.33 percent to $5.18 on profit taking after advances on sharply improved [...]

Biofuels Digest Index falls 0.81 percent to 121.75 on ethanol profit taking

The Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, fell 0.81 percent yesterday to close at 121.75 on profit taking in ethanol. For the day, Archer Daniels Midland (ADM) fell 0.59 percent to close at $43.70, while Pacific Ethanol (PEIX) fell back 2.12 percent to $5.53 after two strong days of advances on [...]

Biofuels Digest Index slips 0.72 percent to 122.74 on agribusiness slide

The Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, fell 0.72 percent yesterday to close at 122.74 on mixed results in ethanol and agribusiness. For the day, Archer Daniels Midland (ADM) fell 1.06 percent to close at $43.96, while Pacific Ethanol (PEIX) soared another 23.63 percent to $5.65 on the heels of strong [...]

Biofuels Digest Index leaps 2.94 percent on ethanol surge

The Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, jumped 2.94 percent yesterday to close at 123.63 on an ethanol surge. For the day, Archer Daniels Midland (ADM) gained 2.49 percent to close at $44.43, while Pacific Ethanol (PEIX) soared 42.81 percent to $4.57 on strong quarterly earnings that brought VeraSun Energy (VSE) [...]