May 25, 2011
Volume: XXIII
Issue: 20
Feature
Air Force’s Thunderbirds Fly on Biojet
Prices & Markets
Report Blend Values
Report Spreads
Report Margins
Report Equities
Biodiesel B-100
Butanes/Natural Gas
Co-Products
Grains
Oxygenates
Rack Ethanol
Retail E-85 National Assessment
Spot Gasoline
Futures Corn
Futures Ethanol
Futures Soybeans
U.S. Spot Ethanol: Market Rises
Ethanol Equities: ADM and ANDE Continue Slide, BG Gains
Weekly U.S. Fuel Ethanol Inventories and Production
Renewable Identification Numbers
NYMEX Crude Oil/Refined Product Futures
NYMEX No. 11 Sugar Futures
Brazilian Anhydrous/Hydrous Ethanol Prices
U.S. Cash Corn and Soybean Prices
Monthly U.S. Ethanol Inventory/Production Numbers and Ratio
U.S. Renewable Diesel Inventory
Legislation & Politics
In Iowa, Presidential Hopeful Calls for Phase-Out of Ethanol Subsidies
Iowa Power Fund Grants US$2.1 Million to Expand Biodiesel Production
Vilsack Visits E85-Fueling Station, Notes Importance of Clean Energy Economy
Senate Rejects Bill Repealing US$2 Billion in Oil Tax Breaks
Tennessee Couple Accused of Stealing Biodiesel Grant Money
Technology Updates
Process Developed at Iowa State Could Improve Ethanol Economics
New Gene Sequences for Stress Tolerance, Fertilizer Efficiency in Corn
ESF Researchers Work to Convert Wood into Biobutanol
MYT-6 Engine Running on Biodiesel Enters Market
B20 Biodiesel Damages Diesel-Exhaust Emissions Controls: U.S. Study
Industry & Facility News
MIT Finds Fossil Fuels Sometimes Greener Than Biofuels
ZeaChem Signs Feedstock Agreement for Cellulosic Refinery
Syngenta to Invest in New Biotech Research Facility
UPS Starts Using Biodiesel at Kentucky Hub
MBD Energy Orders Large-Scale Algae Extraction System
Extreme Biodiesel to Produce Biodiesel for Two Major Supermarkets
Propel Fuels Opens Redwood City Renewable Fueling Station
EQM Resumes Biodiesel Production
Holly Inks Biodiesel Plant Deal with Endicott
Waste Management Announces Strategic Investment in Agnion
International Developments
European Commission Funds Microalgae-to-Biofuel Project
Ukraine to Regulate Biofuels Market
UFOP Pleased with EU Duties on North American Biodiesel, Calls for Attention on Others
Abengoa to Sell the CO2 to Messer
Biodiesel New Zealand Establishes Distribution Hub
ZeroPoint Finishes Field Commissioning of Biomass Gasification Technology
AMG Bioenergy Resources Enters Purchase Agreement with China Zhejiang Biodiesel
Iveco Touts Bi-Fuel Ethanol/Diesel Truck for Brazil
World Health Energy Holdings: Algae Work Progresses in India, Croatia
China Integrated Energy Appoints New CFO

Legislation & Politics

In Iowa, Presidential Hopeful Calls for Phase-Out of Ethanol Subsidies

Launching his 2012 U.S. presidential bid May 23, former Minnesota Gov. Tim Pawlenty (R) told a Des Moines, Iowa, audience his views on energy subsidies. In prepared remarks, he said, “the truth about federal energy subsidies, including federal subsidies for ethanol, is that they have to be phased-out,” he said.

Full Story >>

Iowa Power Fund Grants US$2.1 Million to Expand Biodiesel Production

Earlier this month, the Iowa Power Fund Board approved awards of more than US$2.1 million for projects to build a biodiesel refinery near Forest City, create jobs for the region, increase biofuels production and to expand existing volunteer programs to train veterans for implementing energy efficient measures throughout the state.

Full Story >>

Vilsack Visits E85-Fueling Station, Notes Importance of Clean Energy Economy

U.S. Agriculture Secretary Tom Vilsack highlighted the importance of moving toward a clean energy economy and breaking the United States’ dependence on foreign oil while visiting Thorntons Convenience Store E85 fueling station May 23.

Full Story >>

Senate Rejects Bill Repealing US$2 Billion in Oil Tax Breaks

The U.S. Senate on May 17 blocked a bill that would repeal about US$2 billion in tax breaks for the five biggest oil firms – a Democratic response to $4 per-gallon gasoline and soaring oil company profits.

Full Story >>

Tennessee Couple Accused of Stealing Biodiesel Grant Money

A Knoxville, Tenn., couple was arrested May 20 and charged with stealing state grant money that was supposed to have been used for the construction of a biodiesel plant, according to the Tennessee Bureau of Investigation (TBI).

Full Story >>

Technology Updates

Process Developed at Iowa State Could Improve Ethanol Economics

Researchers at Iowa State University (ISU), led by Hans van Leeuwen, professor of engineering in the department of civil, construction and environmental engineering, has moved his research team’s award-winning concept for improving ethanol production from a laboratory to a pilot plant, ISU announced May 19.

Full Story >>

New Gene Sequences for Stress Tolerance, Fertilizer Efficiency in Corn

Israel-based Rosetta Green Ltd., which develops improved crop traits for the agriculture and alternative fuel industries using genes called microRNAs, announced May 18 their discovery of new corn plant microRNA sequences that were identified through using its improved proprietary technology platform.

Full Story >>

ESF Researchers Work to Convert Wood into Biobutanol

Researchers at the State University of New York College of Environmental Science and Forestry (ESF) in Syracuse, N.Y., are looking into ways to turn wood into sustainable biobutanol in response to steadily climbing gasoline prices.

Full Story >>

MYT-6 Engine Running on Biodiesel Enters Market

Angel Labs, LLC has entered into a three-way arrangement to bring its ultra-efficient 6-inch Massive Yet Tiny (MYT) engine to market powering a 40 kW genset distributed by Industrial Green Power Inc (IGPI) that runs on 100% biodiesel fuel provided by Titan Biodiesel.

Full Story >>

B20 Biodiesel Damages Diesel-Exhaust Emissions Controls: U.S. Study

A joint investigation by the U.S. National Renewable Energy Laboratory, BASF, Umicore, Caterpillar and the Manufacturers of Emission Controls Association found that 20% biodiesel (B20) blend causes a 69% decrease in the thermal shock resistance of a diesel particulate filter (DPF) aged to the 435,000-mile, “useful-life” limit mandated by the U.S. Environmental Protection Agency.

Full Story >>

Feature

Air Force’s Thunderbirds Fly on Biojet

The U.S. Air Force’s Air Demonstration Squadron, the Thunderbirds, on May 20 and 21 flew on a 50% blend of camelina-derived biojet fuel and conventional JP-8 during the Joint Services Open House at Andrews Air Force Base in Maryland.
Full Story >>

Prices & Markets

Report Blend Values

Full Story >>

Report Spreads

Full Story >>

Report Margins

Full Story >>

Report Equities

Full Story >>

Biodiesel B-100

Full Story >>

Butanes/Natural Gas

Full Story >>

Co-Products

Full Story >>

Grains

Full Story >>

Oxygenates

Full Story >>

Rack Ethanol

Full Story >>

Retail E-85 National Assessment

Full Story >>

Spot Gasoline

Full Story >>

Futures Corn

Full Story >>

Futures Ethanol

Full Story >>

Futures Soybeans

Full Story >>

U.S. Spot Ethanol: Market Rises

Prices headed higher across the U.S. spot ethanol market the week ending May 20.

Full Story >>

Ethanol Equities: ADM and ANDE Continue Slide, BG Gains

On the equity market the week ending May 20, Archer Daniels Midland (ADM) and The Andersons (ANDE) declined and Bunge Ltd. (BG) rose. ADM fell 1.06% (34¢), ANDE lost 1.25% (54¢) and BG rose 1.14% (83¢).

Full Story >>

Weekly U.S. Fuel Ethanol Inventories and Production

U.S. fuel ethanol inventories were flat the week ending May 13, while production was higher.

Full Story >>

Renewable Identification Numbers

Ethanol and biodiesel RINs were higher the week ending May 20.

Full Story >>

NYMEX Crude Oil/Refined Product Futures

NYMEX crude oil and refined product futures were lower the week ending May 20.

Full Story >>

NYMEX No. 11 Sugar Futures

NYMEX No. 11 sugar futures were higher the week ending May 20.

Full Story >>

Brazilian Anhydrous/Hydrous Ethanol Prices

Brazilian anhydrous and hydrous ethanol prices fell the week ending May 6.

Full Story >>

U.S. Cash Corn and Soybean Prices

U.S. cash corn and soybean prices plunged the week ending May 6.

Full Story >>

Monthly U.S. Ethanol Inventory/Production Numbers and Ratio

Monthly U.S. ethanol production dropped in February 2011, while inventories (stocks) moved higher, according to the U.S. Energy Information Administration.

Full Story >>

U.S. Renewable Diesel Inventory

U.S. renewable diesel inventories (stocks) continued to rise in February 2011, according to the U.S. Energy Information Administration.

Full Story >>

International Developments

European Commission Funds Microalgae-to-Biofuel Project

Nine partners from seven countries have joined in an innovative project to show that ethanol, biodiesel and bioproducts can be produced from algae on a large scale. The BIOfuel from Algae Technologies (BIOFAT) project, largely funded by the European Commission’s Seventh Framework Program, aims to demonstrate that biofuels made from microalgae can offer energy efficiency, economic viability and environmental sustainability.

Full Story >>

Ukraine to Regulate Biofuels Market

According to a May 18 report from the Kyiv Post (Ukraine), the Ukrainian parliament (the Verkhovna Rada) is looking to regulate the country’s biofuels market.

Full Story >>

UFOP Pleased with EU Duties on North American Biodiesel, Calls for Attention on Others

German plant and oilseeds organization UFOP (Union zur Förderung von Oel- und Proteinpflanzen e.V.) this month welcomed the European Commission’s resolution expanding punitive duties on imports of subsidized biodiesel.

Full Story >>

Abengoa to Sell the CO2 to Messer

Abengoa Bioenergy has signed an agreement with gas supplier and producer Messer to sell 65,000 tonnes of carbon dioxide (CO2) per annum generated by Abengoa’s ethanol production plant in Lacq, France, during the cereal fermentation process.

Full Story >>

Biodiesel New Zealand Establishes Distribution Hub

On May 18, Biodiesel New Zealand reported that it is establishing a bulk distribution facility in Nelson to supply upper South Island customers with both its Biogold NZ20 renewable fuel blend and Biogold NZ100 pure biodiesel.

Full Story >>

ZeroPoint Finishes Field Commissioning of Biomass Gasification Technology

On May 23, ZeroPoint Clean Tech, Inc. reported that it has completed the initial field commissioning of its biomass gasification renewable combined heat and power (CHP) solution at a project site in Schwarze-Pumpe, Germany.

Full Story >>

AMG Bioenergy Resources Enters Purchase Agreement with China Zhejiang Biodiesel

Calgary-based AMG Bioenergy Resources Holdings Ltd. has entered a definitive purchase agreement with China Zhejiang Biodiesel Co., Ltd. to acquire a 133-hectare jatropha plantation and a 201-hectare eucalyptus plantation in the People's Republic of China.

Full Story >>

Iveco Touts Bi-Fuel Ethanol/Diesel Truck for Brazil

Truck maker Iveco announced earlier this month that it’s launching tests of a bi-fuel ethanol/diesel truck in Brazil, where cane-based ethanol is relatively abundant and cheaper to produce than almost anywhere on the planet.

Full Story >>

World Health Energy Holdings: Algae Work Progresses in India, Croatia

On May 23, World Health Energy Holdings, Inc. issued a letter to its shareholders, providing an update on several new projects.

Full Story >>

China Integrated Energy Appoints New CFO

China Integrated Energy, Inc. on May 20 announced the company has appointed Jeff Chan to serve as chief financial officer. Jeff replaces Albert Pu, who resigned as CFO on April 28, 2011.

Full Story >>

Industry & Facility News

MIT Finds Fossil Fuels Sometimes Greener Than Biofuels

A new study from the Massachusetts Institute of Technology (MIT) has examined the carbon footprint of biofuels and found that when a biofuel’s origins are factored into that footprint, fossil fuels may actually be a “greener,” less carbon intensive choice.

Full Story >>

ZeaChem Signs Feedstock Agreement for Cellulosic Refinery

ZeaChem, Inc. announced May 17 that it has signed a long-term binding term sheet with GreenWood Tree Farm Fund (GTFF) – managed by GreenWood Resources (GWR) – to supply hybrid poplar woody biomass for its first commercial cellulosic biorefinery.

Full Story >>

Syngenta to Invest in New Biotech Research Facility

Syngenta on May 20 announced its plans to construct a new state-of-the-art biotechnology research facility adjacent to its existing research campus in Research Triangle Park, N.C. The US$71 million investment is scheduled to start in June 2011 and will focus on discovering and developing new agronomic traits to bring innovative solutions to growers across the world.

Full Story >>

UPS Starts Using Biodiesel at Kentucky Hub

UPS has now installed a 30,000 biodiesel fuel tank as well as a fueling station at its 686,000 square feet Worldport Freight Facility in Louisville, Ky.

Full Story >>

MBD Energy Orders Large-Scale Algae Extraction System

OriginOil, Inc. reported May 23 that it received a firm order for a large-scale algae extraction system from Australia-based industrial carbon dioxide (CO2) waste management company MBD Energy, Ltd.

Full Story >>

Extreme Biodiesel to Produce Biodiesel for Two Major Supermarkets

BookMerge Technology, Inc. through its wholly owned subsidiary Extreme Biodiesel has been selected to produce biodiesel for two major supermarkets, the company noted May 19.

Full Story >>

Propel Fuels Opens Redwood City Renewable Fueling Station

Propel Fuels on May 17 celebrated the grand opening of its first renewable fueling station on the Peninsula, located in the company's hometown of Redwood City, Calif.

Full Story >>

EQM Resumes Biodiesel Production

EQM Technologies & Energy, Inc. on May 17 announced that it has raised an additional US$500,000, completing the second and final closing of its previously announced $3 million private placement of 10% subordinated convertible notes (the “Notes”).

Full Story >>

Holly Inks Biodiesel Plant Deal with Endicott

Dallas-based oil refiner Holly Corp. will partner with Houston-based Endicott Biofuels on a 30 million-gallon-per-year fatty acid methyl ester (FAME) biodiesel plant under construction in Port Arthur, Texas.

Full Story >>

Waste Management Announces Strategic Investment in Agnion

Waste Management has made a strategic investment in Agnion Energy, Inc. (Agnion) to advance Agnion's allothermal gasification technology, the company reported earlier this month.

Full Story >>