What’s going on – aren’t biofuels supposed to be dead, and fracking changing everything forever in oil & gas? Yet, tough times for growth at the public oil companies, while bellwether renewable fuel equities are on the rise. Why aren’t results tracking the hype? It’s earnings season — time to look away from the pundits, […]
In Minnesota, Green Plains Renewable Energy is preparing to re-open the Fairmont ethanol plant it bought for $53.5 million after it had been mothballed in September 2012. About half of the plant should be up and running next week with the first ethanol production scheduled by the start of 2014, and full operation at the […]
In Colorado, Biofuel Energy Corp. confirmed that is has been notified by the lenders under its existing senior secured credit facility that they have exercised their right under their Deed In Lieu of Foreclosure Agreement to acquire the company’s ethanol plants. It was also informed that an entity formed by the lenders for such purpose […]
In Nebraska, apparently BioFuel Energy wasn’t made aware by its lenders that it had sold the company’s two ethanol plants to Green Plains Renewable Energy and only became aware of the sale when they saw the press release. GPRE says it tried to contact the company ahead of the press release out of courtesy but […]
In Nebraska, Green Plains Renewable Energy announced that it has entered into a definitive agreement to acquire two ethanol plants of BioFuel Energy Corp. from an entity composed of its lender group. The ethanol plants are located in Wood River, NE and Fairmont, MN. BIOF had previously agreed to transfer the ethanol plants to the […]
In Nebraska, Green Plains Renewable Energy announced that it will acquire two ethanol plants of BioFuel Energy Corp. for approximately $101 million, plus working capital at closing, from an entity composed of its lender group. Green Plains intends to fund the purchase with approximately $77 million in term debt and the balance in cash. The […]
In Iowa, BioProcess Algae is helping Green Plains Renewable Energy to scale up its CO2-based algae experiment into a commercial-scale add-on facility. What started out as a lab test that grew and grew until it reached 400 ft-long greenhouses has led to Omega-3 production as well as high value pellets and feed selling from $1,500 […]
Amyris earnings. In California, Amyris reported revenues for Q1 2013 of $7.9 million, and a net loss of $32.6 million ($0.44 per share) compared to a loss of $94.5 million ($1.88 per share) in the comparable quarter of 2012. The Company’s balance of cash, cash equivalents and marketable securities at the end of the first […]
In New York, renewable fuels equities surged on Friday after the EPA issued its proposed 2013 Renewable Fuel Standard mandates – including boosts for corn ethanol, biomass-based diesel and cellulosic biofuels. The Biofuels Digest Index, a basket of public biofuels stocks, jumped 2.07 percent to an 9-month high of 70.09 as shares in Solazyme, Renewable […]
In the Digest’s Biorefinery Project of the Future series we wrote about why corn ethanol plants were great places to begin developing an advanced biofuels. We noted that “existing first-generation fermentation biofuels require no re-invention of feedstock systems, no exotic first-of-kind processing technology, no fuel certification or from-scratch market development. They are financeable.” This past […]
