BioEnergy Bytes

Joanna Schroeder

  • BioEnergyBytesDF1Dyadic International, Inc. has announced that it repurchased and retired an aggregate of 2,136,752 shares of its common stock at $1.35 per share for an aggregate purchase price of $2,884,615 pursuant to a Securities Purchase Agreement entered into with Abengoa Bioenergy. The Company’s CEO, Mark Emalfarb, commented, “I am pleased that we have been able to repurchase this large block of stock and believe it will have a very positive impact on shareholder value.”
  • Three POET biorefineries will expand ethanol production capacity by a combined total of 25 million gallons in 2016. POET Biorefining – Hanlontown (Iowa), will expand from 58 million gallons per year (MGPY) to 64 MGPY; POET Biorefining – Hudson (South Dakota) will expand from 58 MGPY to 65 MGPY; and POET Biorefining – Caro (Michigan) will expand from 55 MGPY to 67 MGPY. Each plant filed separate expansion permits within their respective states and will soon be producing at the level their RIN permit allows.
  • ACCIONA Energy has started construction work on the 93 MW San Roman Wind Farm, located near the southeast coast of Texas. The project was acquired by ACCIONA Energy from developer Pioneer Green Energy. Located in Cameron County, the San Roman Wind Farm will be equipped with 31 ACCIONA Windpower AW125/3000 turbines. Each turbine has a rotor diameter of 125 meters and will be mounted on an 87.5 meter steel tower. The new wind farm will be operational by the end of 2016.
  • The U.S. Energy Information Administration has released its January 2016 Short-Term Energy Outlook (STEO) and Winter Fuels Outlook by region. The Outlook finds the amount of renewable sources used to generate electricity is expected to increase by almost 10% this year, with wind and solar power again showing strong growth in 2016.
Bioenergy Bytes