Dyadic International has announced that it has entered into agreements with all of its outstanding promissory note holders to extend their maturity dates to January 1, 2015. The convertible portion of the debt, representing $6.8 million of the total $8.2 million outstanding principal, may be prepaid by Dyadic at any time in whole or in part, without penalty, after March …
Must Know Ethanol Trends – Part I
The Biofuels Benchmarking 2012-13 Annual Report is out and in addition to identifying past, current and future biofuel trends, the report identifies some emerging trends for the ethanol industry. During an interview with John Christianson, partner with Christianson & Associates, PPLP (C&A), I asked him what trends they have been seeing and he noted five in particular of importance. Christianson …
Genscape Invokes NASA for Updated Corn Yield Forecast
As the federal government and its agencies begin to ramp up from a mandated furlough, Genscape is filling the gap by using NASA satellite data. The company has released an updated October corn yield forecast of 13.3 billion bushels. The company has noted that other analysts, including the U.S. Department of Agriculture (USDA), have wide gaps in their predictions ranging …
BioEnergy Bytes
Vivint Solar has announced it has raised two more rounds of residential solar financing. The funds total $540 million and are provided by two major undisclosed financial institutions. The $540 million announced is in addition to the $200 million of tax equity financing that Vivint Solar announced in August of this year. JinkoSolar Holding Co., Ltd. has announced that it …
SMUD Enters Space-Time Continuum
The Sacramento Municipal Utility District (SMUD) has implemented Space-Time Insight’s geospatial and visual analytics software. According to Space-Time Insight’s, their software facilitates faster and more informed smart grid decisions. The system, which correlates, analyzes and visualizes data in smart grid, distribution, outage, fire and weather systems, is the primary “face” of SMUD’s new Distribution Operations Center. The situational intelligence solution …
KiOR Receives $100M in Equity Financing
KiOR, has announced the execution of $100 million in committed equity related financing in two separate private placement transactions to support the Company’s recently announced expansion of production capacity in Columbus, Mississippi, called the Columbus II Project. Once completed with the planned technology enhancements for both Columbus facilities, the Columbus II Project is expected to achieve overall positive cash flow …
Biogas Project Added at Middlesex Water Company
A new biogas system designed to optimize the production of electricity from methane has been completed in the Village of Ridgewood, New Jersey. Partners in the project included Natural Systems Utilities (NSU), Middlesex Water Company (MWC) and American Refining and Biochemical (ARB). The biogas project will power the water pollution control plant and reduce its electric demand on the grid, …
AFAI Launches “Jetropha” Campaign
Alternative Fuels Americas (AFAI), an advanced biofuels company, is launching Project Jetropha, a campaign to encourage and promote the use of Jatropha based biofuels in aircraft. The project website will be launched in the coming weeks. “The aviation industry has been under pressure to lower its disproportionately high contribution to carbon emissions,” said CEO Craig Frank. “With fuels costs comprising …
Denmark Awarded for Climate Achievements
Denmark has received the “Gift to the Earth” from WWF, for their climate achievements and its commitment to achieve 100 percent renewable energy across the economy by 2050. Jim Leape, WWF International Director General, will present the report to the Prime Minister of Denmark, Ms. Helle Thorning-Schmidt on October 21, 2013. “Denmark shows that it is possible to develop a …
BioEnergy Bytes
Morrison & Foerster has announced that Jeffrey A. Chester, a project finance and renewable energy lawyer, has joined the firm as a partner in Los Angeles. Chester will advise on global capital-raising transactions for the renewable and alternative energy space. He has closed more than 50 wind-power and two dozen solar-power project financings, including a 1,550-megawatt power purchase agreement by …