In Oklahoma, Syntroleum reported Q2 operating income of $8.0 million resulting from total revenues of $12.1 million and operating expenses of $4.1 million. Syntroleum’s net income was $6.9 million or $0.07 per share and $5 million or $0.05 per share, respectively, for the three months and six months ended June 30, 2012, compared with net […]
Arch-critic of the cost of military biofuels — Oklahoma Senator James Inhofe — comes under scrutiny over earmarks for natural gas-based military fuels that cost 29 times more than conventional fuels. In Washington, the battle over advanced military biofuels took a turn for the bizarre this week, amidst revelations that a leading Senate sponsor of […]
In Oklahoma, Syntroleum announced that it was sued for alleged patent infringement by Neste Oil regarding U.S. Patent No. 8,187,344. Syntroleum denied infringement and said it will defend vigorously against the allegations. In a statement, Syntroleum management noted that a similar ‘018 patent was invalidated and added that “the ‘344 patent…adds nothing new to the […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, edged up 0.05 percent to 74.09 as Syntroleum soared. For the day, Archer Daniels Midland (ADM) recovered 1.17 percent to $29.39, while Biox (BX.TO) rocketed up 15.85 percent to $0.95. Among other equities, Syntroleum (SYNM) gained 32.61 percent to $1.22. Overall, declines led advances […]
In Oklahoma, Syntroleum announced that Dynamic Fuels, its 50/50 joint venture with Tyson Foods achieved record production of 5.4 million gallons of renewable fuels in July, which implies an annual run rate of 65 million gallons per year, or 87 percent of planned 75 million gallon capacity for the Geisma, Louisiana facility. Overall, Syntroleum reported […]
In Oklahoma, Syntroleum reported a $9.6 million loss for fiscal 2010 in its 10K SEC form, with revenues having declined $19 million compared to 2009. In a teleconference to discuss Syntroleum’s report, Gary Roth, Syntroleum’s President and CEO stated that at the Dynamic Fuels plant in Geismar, Louisiana, mechanical reliability issues developed with a seals […]
Every year in the 50 Hottest Companies in Bioenergy, we see a lot of new entrants who have seized the attention of subscribers and selectors with their jazzy technologies, name investors, and starling commercial potential. Last year, for example, companies like Joule, Synthetic Genomics and Gevo rocketed up the lost like bulleted hits on the […]
In California, as more than 270 delegates gathered in San Francisco for the opening of Advanced Biofuels Markets, Syntroleum and Tyson Foods announced that their jointly owned Dynamic Fuels renewable diesel plant in Geismar, Louisiana has commenced production at a rate of 2,500 barrels per day (38.3 million gallons per year) of drop-in fuels, using […]
It was a gigantic day yesterday for the biofuels industry, and the biggest news was saved for last, that Syntroleum and Tyson have completed construction, and commenced commissioning, of their 75 Mgy renewable diesel plant in Geismar, Louisiana. The Dynamic Fuels project becomes, by a factor of 18, the largest operating advanced biofuels plant in […]
