| Date: March 03, 2010 | Volume: XXII, Issue: 9 | PRINTER FRIENDLY |
LEGISLATION & POLITICSGlobal Climate Deal Unlikely Any Time Soon: EU CommissionerThe new European Union climate commissioner, Connie Hedegaard, is skeptical any global greenhouse deal is likely any time soon in the wake of the mostly failed Copenhagen talks. U.S. Congress Moves Forward on Job Creation EffortsThe U.S. Senate passed a modest job-creation bill Feb. 24 and laid the groundwork for a larger package that would advance Democrats' goal of bringing down the stubbornly high unemployment rate, Reuters reported the same day. U.S. EPA May Soften ‘Greenhouse’ Regs for Refiners, Coal-Power PlantsU.S. Environmental Protection Agency Administrator Lisa Jackson on Feb. 22 unveiled a letter sent to eight U.S. senators indicating a possible easing of future greenhouse-gas regulations affecting refiners, coal-fired power plants and other large stationary sources. Advanced Biofuels USA Suggests Funding Source for Advanced Biofuels: USDOT Highway Trust FundAt its annual meeting in Frederick, Md., the Advanced Biofuels USA board passed a resolution to introduce some new thinking about federal interests and potential funding sources, the organization announced Feb. 25. TECHNOLOGY UPDATESRicardo Consortium Aims to Meet Engineering Challenge of BiofuelsRicardo announced Feb. 15 the formation of a consortium that is open to automakers, Tier 1 suppliers, oil companies, additive manufacturers and government agencies, with the aim of evaluating the impact of biofuels on current and future light-duty engine technologies. Orange Peels Used in New Enzymatic Ethanol Production ProcessUniversity of Central Florida professor Henry Daniell has developed a groundbreaking way to produce ethanol from waste products such as orange peels and newspapers, the university announced Feb. 18. National Labs Examine Roasting Biomass to Increase Energy DensityBiorefineries may soon rely on a process akin to roasting coffee beans to get more energy-dense biomass, Idaho National Laboratory reported Feb. 23. Iowa State University Researcher Focuses on Stacking Traits in AlgaeIowa State University (ISU) researcher Martin Spalding, a professor and chair of genetics, development and cell biology as well as council member of Iowa State's Plant Sciences Institute, is researching the possibility of stacking genetic traits in algae, according to a Feb. 22 ISU release. DuPont Recognized as Among Most ‘Innovative’ CompaniesDuPont has made the Massachusetts Institute of Technology Technology Review magazine’s TR50, the publication’s inaugural list of the 50 most innovative companies in the world. DuPont was recognized for its efforts to develop and commercialize biobutanol with partner BP. Naturally Advanced Technologies, National Research Council of Canada to Research Cellulosic EthanolNaturally Advanced Technologies Inc. announced Feb. 22 that it has amended its agreement with the National Research Council of Canada to include collaboration on cellulose technology research for the production of cellulosic ethanol from sustainable feedstock, such as corn stalks and straws. |
FEATURESUS$3.2 Million Grant Funds Effort to Convert Poplar Trees into BiofuelA team of researchers at the University of Maryland, College Park, and Bowie State University is working on ways to turn poplar trees into high-yield crops for biofuels including ethanol, the institutions announced Feb. 25. Prices & MarketsMarket Report
Prices
Futures
U.S. Spot Ethanol: Movement SlowsSpot ethanol market movement evened out the week ending Feb. 26. Ethanol Equities: ADM, BG Slide; ANDE UpOn the equity market the week ending Feb. 26, Archer Daniels Midland and Bunge fell, while The Andersons headed up. The Andersons, Inc. Announces Increased Cash Dividend for the Second Quarter, Fourth Quarter and Full Year ResultsThe Andersons, Inc. announced Feb. 26 a second quarter 2010 cash dividend payable April 22, 2010 to shareholders of record on April 1, 2010. Last month, the company also announced fourth quarter 2009 earnings of US$16.2 million, or $0.88 per diluted share, and total revenues of $916 million. Green Plains Renewable Energy Inc.: Proposed Public Offering of Common StockGreen Plains Renewable Energy Inc. announced Feb. 24 that it is undertaking a proposed offering of 5,000,000 shares of its common stock. Deutsche Bank and NASDAQ Introduce the Clean Tech Index; U.S. Biofuel Companies Left OutDB Climate Change Advisors (DBCCA), the climate change investment and research business of Deutsche Bank's Asset Management business, and The NASDAQ OMX Group, Inc. announced Feb. 10 the introduction of the DB NASDAQ OMX(R) Clean Tech Index (DBCC). INTERNATIONAL DEVELOPMENTSWaste Management Invests in EnerkemWaste Management, Inc. and Enerkem Inc., announced Feb. 24 a strategic investment by Waste Management in Enerkem as part of Enerkem’s new financing round. Lignol, Novozymes Sign MOUVancouver-based Lignol Energy Corp. has signed a memorandum of understanding with enzyme producer Novozymes and the two companies have established the framework of a multiyear collaboration agreement to optimize the latest generation of Novozymes’ enzymes for use in Lignol’s cellulosic biofuel process, Biomass Magazine reported Feb. 24. Mitsui and Inbicon Sign First Licensing Agreement to Refine Biomass into EthanolJapan’s Mitsui Engineering & Shipbuilding (MES) and Danish ethanol technology developer Inbicon announced Feb. 28 the signing of a license agreement for Inbicon’s Biomass Refinery technology. Dutch Companies to Invest in Malian Biofuel ProgramsUnder a program recently launched by Kia Netherlands, Kia car buyers can now give financial compensation for the greenhouse gases emitted by their cars, Africa News reported Feb. 18. eBIO: Claims in ActionAid Publication Largely QuestionableActionAid recently published a report against biofuels titled “Meals per Gallons” (see Ethanol & Biofuels News 02/24/2010), which the European Bioethanol Industry Association (eBIO) said is “based largely on unfounded claims, disputed data and one-sided arguments,” according to a response from the organization Feb. 26. Toyota Tsusho Plans Biodiesel Hub in PhilippinesAccording to a Feb. 25 report from the Manila Times, Toyota Tsusho Corp. is planning to establish a hub in the Philippines in two years’ time, a company executive said Feb. 24. Developers Target Ukraine for Integrated Feedstock and Biofuel RefineryAlternativa (IOM) Ltd. and GreenShift Corp. jointly announced Feb. 23 that they have entered into an agreement to design and develop sustainable integrated feedstock and renewable energy production facilities, the first of which is planned for Ukraine. Butalco’s First Cellulosic Ethanol to be Produced in Summer 2010Butalco announced Feb. 24 that it will use its proprietary new yeast technology to produce biofuel from agricultural waste in a pilot plant in Southern Germany this summer. British Airways Unveils BTL-FT Jet Fuel PlanBritish Airways officials announced Feb. 15 that they’ve inked a fuel-purchase letter-of-intent deal with Washington, D.C.-based Solena Group, which plans to build a plasma-gasification, biomass-to-liquids Fischer-Tropsch jet fuel waste-to-energy plant in London. JAMA Releases Recommended Biofuel SpecificationsThe International Fuel Quality Center on March 2 reported that the Japan Automobile Manufacturers Association recently held a meeting with stakeholders of the Asian automotive industry proposing to use “recommended biofuel specifications for B100 (applicable for up to B5 blends) and E100 (applicable for up to E10 blends).” China Won’t Cap GHGs: OfficialsChina’s top climate change negotiators indicated Feb. 25 that while they are committed to realizing the nation’s target to reduce carbon intensity, they have no intention of capping greenhouse gases. INDUSTRY & FACILITY NEWSUS$20 Million Investment in Propel Fuels to Expand Calif. Alternative Fuel Station NetworkPropel Fuels in February announced a US$20 million investment in the company, which will allow Propel to expand its network of alternative fuel stations into all major markets across California, supporting the state’s emissions reduction goals and stimulating job growth. BlueFire Ethanol Applies for DOE Loan GuaranteeBlueFire Ethanol Fuels, Inc. has submitted an application for a US$250 million dollar loan guarantee for the company's planned cellulosic ethanol biorefinery in Fulton, Miss., according to a Feb. 23 statement. ClearFuels Announces Commercial Scale Biorefinery FacilityClearFuels Technology Inc. and Hughes Hardwood International, Inc. have signed a memorandum of understanding (MOU) on the development of a commercial scale biorefinery facility for the production of renewable jet or diesel fuel, the companies reported Feb. 24. Sunoco's New York Ethanol Plant Seen Starting Up This SummerTelvent DTN reported Feb. 25 that Sunoco, Inc. plans to start up its 100-million-gallon-per-year ethanol plant in upstate New York this summer. ClearFuels Inks Renewable Diesel Project Deal in TennesseeOfficials with Hawaii-based biomass gasification specialist ClearFuels Technology and Southeast U.S. lumber company Hughes Hardwood announced Feb. 23 they’ve signed a memo of understanding to develop a renewable-diesel biorefinery in Tennessee. Verenium and BP Extend Galaxy Joint Development Program Another MonthVerenium Corp. announced March 1 that it has extended the joint development program established in August 2008 with partner BP for an additional month until April 1, 2010. Minnesota Offers Help to Ethanol Producers After Pollution ViolationsMinnesota is launching an intensive program to help ethanol producers better comply with environmental laws after pollution control officials cited seven of the state's 22 ethanol plants for violations last year, Minnesota Public Radio reported Feb. 22. Syntroleum Posts Profit for 2009; ’Dynamic Fuels’ Start-up This YearAfter posting a US$4.1 million net loss in 2008, Oklahoma-based synthetic fuels developer Syntroleum posted a $5 million profit in 2009, according to company officials. Custom Q, Inc. Changes Name to GreenHouse Holdings, Inc.California-based energy solutions and ethanol fuel provider Custom Q, Inc. announced Feb. 22 its name change to GreenHouse Holdings, Inc. Formal Clearance for Glencore Takeover of BiopetrolCommodities trading group Glencore has received approval from competition authorities to take over biodiesel producer Biopetrol Industries, Biopetrol announced Feb. 23. Incoming, Inc. Extends Closing Date of North American Bio-Energies LLC AcquisitionIncoming, Inc., a brand acceleration firm, announced March 1 that it will extend the closing date of its recently announced acquisition of North American Bio-Energies LLC. Imperial Announces Agreement to Acquire e-biofuels, LLCOil and gas exploration and production company Imperial Petroleum, Inc. announced Feb. 25 that it has signed an agreement to acquire 100% of the stock of e-biofuels, LLC, an Indiana-based biodiesel producer. Evolution Fuels Announces Lease Agreement for First Fuel Station in DallasEvolution Fuels Inc. announced March 1 the execution of a lease agreement for the company’s first fuel station located in Dallas. U.S. Ethanol Output Up in DecemberAccording to the Energy Information Administration, “U.S. daily ethanol output rose in December for the third month in a row as distillers took advantage of low prices for corn and natural gas,” Reuters reported Feb. 26. Saft Energy to Support Power Grid Switch to Hybrid GenerationSaft Energy is currently delivering a major contract for a 3-megawatt (MW) energy storage system that will ensure a continuous supply of grid electricity from the world’s largest hybrid wind/biodiesel power project to date on the Caribbean island of Bonaire, the company reported Feb. 19. Renewable Fuel Standards Could Lead to US$13 Billion Increase in Farm IncomeNew renewable fuel standards could lead to more than US$13 billion increase in net farm income, according to a new study by researchers at RTI International and Texas A&M University, a March 1 release reported. E85 Price Promotion for Sacramento DriversPropel Fuels, a retailer of renewable fuels, will offer Sacramento, Calif., drivers E85 ethanol for 85¢ per gallon at its five area stations starting Feb. 24. The goal is to create awareness among more than 25,000 flex-fuel drivers in Sacramento of the economic savings and environmental benefits of fueling with domestically-produced, low-carbon fuel. |
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