Cargill reported that its second quarter earnings for last year jumped 34 percent over the same time a year ago… due in part to the increased demand for ethanol and biodiesel. Earnings went from about $500 million in the same quarter in in fiscal year 2006 to more than $660 million dollars for the quarter ending November 30th. In addition, …
New York to Get First Commercial Biodiesel Plant
A former brewery in New York state will soon be brewing up biodiesel. Officials with GS AgriFuels have announced a partnership with Homeland Energy to build a biodiesel plant at the site of the old Miller Brewing Company plant in Fulton. Homeland Energy already has an ethanol plant adjacent to the site. In a release on Business Wire, GS AgriFuels …
Cincy Buses Running on Biodiesel Save Nearly Half Million Dollars
The Cincinnati Enquirer reports that buses in the city and the surrounding county ran on biodiesel, saving the city $450,000 last year. (The metro area’s) 390 buses used about 3.6 million gallons of fuel last year – half of which was biodiesel. But, there is one adjustment that has to be made for the city’s cold winters… During warm months, …
Iowa to Get Second Biodiesel Plant
The opening of Iowa’s first biodiesel plant is set for this April in Newton, and now a second one will be built in Huxley. According to the Des Moines Register, a $15.4 million dollar facility, will be built by Ames-based Technochem. The plant, which will employ 51 people, is expected to produce about 5 million gallons of biodiesel annually, and …