While domestic fuels have the possibility to stem our dependence on foreign oil, most would agree that it would not be possible to completely supply our need for fuel. Based on our current consumption of oil, more than 90% of the arable land in the US would be required to produce enough ethanol. A large part of the corn and …
Ethanol-Mart
Watch out for falling ethanol prices if Wal-Mart decides to start selling E85. Officials with the world’s largest retailer met recently with ethanol industry representatives to discuss the possibility of offering ethanol at its 383 U.S. gas stations.
Corn Farmers on Ethanol High as Sugar Interests Mull Fuel Future
Corn farmers are “giddy” with the rising use and price of their commodity, according to this article in Business Week from St. Louis. Meanwhile, Florida sugar cane farmers are still hesitant to jump on the ethanol bandwagon, according to this Sun-Sentinel story, saying “As sexy as ethanol sounds, we’ve got to be able to make a profit.” That would be …
Chevron Goes Bio
Chevron Corporation has formed a biofuels business unit to advance technology and pursue commercial opportunities related to the production and distribution of ethanol and biodiesel in the United States, according to a company release. Chevron officially announced the business unit at a groundbreaking ceremony in Galveston, Texas to inaugurate construction of one of the first large-scale biodiesel plants in the …
Kick It
Actor and environmentalist Robert Redford has a commentary today on cnn.com about kicking the oil habit. His main purpose appears to be the promotion of KickTheOilHabit.org, which is “based at the Center for American Progress and works with partners from the Natural Resources Defense Council to Consumers Union, MoveOn.org to the Apollo Alliance.” The classy site features ways you can …
100th Ethanol Plant Celebration
Approximately 1,200 people attended the grand opening celebration May 26 for the new $80 million Frontier Ethanol – the 100th ethanol plant to begin operations in the United States. The plant, which will produce 60 million gallons of ethanol annually from 21 million bushels of corn, is the 23rd ethanol plant built by Broin Companies. CEO Jeff Broin is pictured …
Saab BioPower
Ethanol can be even more efficient than gasoline with the right engine, and Saab has the engine. According to Mobile Magazine, the 9-5 2.3t BioPower engine runs better on E85 than it does on regular gasoline – 210 bhp compared to 185 bhp. Earlier stories about the BioPower engine, such as this one in Popular Science, say it’s 184 horsepower …
Hawkeye IPO
Hawkeye Holdings, the holding company that owns Hawkeye Renewables of Iowa Falls, IA may raise up to $350 million in an initial public offering, according to a Securities and Exchange Commission filing. The company’s prospectus says it is the third largest U.S. ethanol producer based on its 205 million gallons per year production capacity. Read the AP story.
States Pass Biodiesel Laws
Nearly a dozen states passed legislation this year that will help increase the use of biodiesel, according to the National Biodiesel Board. Among them was Iowa, where Gov. Tom Vilsack today signed into law two renewable fuels and infrastructure bills. One will give point-of-sale retailers a three cent income tax credit on each gallon of a two percent (B2) blend …
CA Motorist Saves With Biodiesel
Tied in with the last story, here’s an article from the Lompoc (CA) Record about a restaurant owner who is saving over $500 a month in fuel costs by using recycled peanut oil in his Mercedes. According to the story – Gary Mead, who communtes about an hour each way from his home to his business, adds a 16-percent mixture …