Is Texas fully capitalizing on the ethanol fuel revolution? You can find out by attending the new conference, Shaping Texas’ Fuel Ethanol Policy Conference on September 10, 2010 from 8:00 am to 5:00 pm at the Omni Hotel downtown Austin, Texas. The Texas Renewable Energy Industries Association will be bringing decision makers and industry leaders together to help the state …
Bobbing In Petroleum
As the ethanol industry continues to fight for its subsidies before they expire at the end of the year, and the biodiesel industry has been fighting to survive without the $1 tax credit, the U.S. Senate did not even hesitate to preserve the oil industry’s subsidies. In addition, the Senate has yet to pass any comprehensive energy policy that would …
Navy Looks to 50% Renewables, Marines Want it Locally
The U.S. Navy is looking to have half of its total fuel use come renewable energy sources by 2020, while the Marine Corps wants those sources, particularly the biofuels, to come from sources near its bases. The New York Times reports that Navy Secretary Ray Mabus wants to dramatically cut the Navy and Marine Corps’ dependence on fossil fuels, especially …
Energy Dept. Extends Loan Application Deadline
Renewable energy projects will have a little more time to apply for federal government loan guarantees. Biomass Magazine reports the U.S. Department of Energy has moved the deadline for the July 2009 energy efficiency, renewable energy and advanced transmission and distribution technologies solicitations six weeks later to October 5th of this year: The newly-created Round 8, Part I of the …
Who Are the Next Biofuels IPOs?
On the heels of their great story yesterday on the investment in algal-biodiesel players PetroAlgae and Solazyme (not to mention Joanna’s piece on Gevo preparing for a $150 million IPO), our friends over at Biofuels Digest have put together a list of the top 10 most likely next IPOs in the biofuels sector. The list includes many Domestic Fuel regulars, …
Investments Spark Speculation on Algal-Biodiesel
Recent multi-million dollar investments in algae-biofuel companies ($200 million IPO for PetroAlgae and $52 million to help commercialize Solazyme) is fueling some speculation of its own on how soon algae-based biofuels, in particular, biodiesel, might be available for consumers and when it would be commercially competitive. This article from Biofuel Digest breaks down the “bears” and “bulls” views of these …
Dyadic Reports Second Quarter Loss
Dyadic International, Inc. reported a loss in second quarter revenues as compared to the same time period in 2009. Total revenue for the second quarter ending on June 30, 2010 decreased to $2.2 million compared to a reported $11.9 million the previous year. Total revenue for the first six months of the year was also down compared to 2009, with …
Novozymes Acquires Brazilian Ag Company Turfal
Novozymes has announced that is has acquired Brazilian microorganism company Turfal in order to obtain direct access to the Brazilian bioagriculture market. Turfal develops and manufacturers microbes that stimulate the growth of crops, such as soybeans, by fixating nitrogen. These microbes allow growers to use less fertilizer and save money. Turfal’s operations are located 25 miles from Novozymes’ Latin American …
Ethanol Companies Post Strong 2nd Quarter Profits
Several companies that rely on ethanol as a part of their business have reported strong financial results for the 2nd Quarter. According to The Andersons earning reports, the company’s net income for the 2nd Quarter surpassed the $25 million mark, almost $10 million more than what was reported during the same quarter in 2009. The company attributes much of the …
San Diego, A Hot Bed of Algal Activity
Good news for biofuels this week as the California Department of Labor awarded the San Diego Biofuels Initiative a $4 million grant to train workers to join the biofuels workforce. The award was given through the “Green Innovation Challenge,” a green jobs initiative that is overseen by the state’s Department of Labor. According to an article on SanDiego.com, the San …