Jim Cramer, that wild man who vociferously picks or pans stocks on CNBC’s “Mad Money with Jim Cramer,” says wind energy is a winner in his book of stocks. This posting on TheStreet.com says the Mad Man calls wind power “the cheapest form of renewable energy out there”: To help illustrate the many great companies involved in the wind power …
Canadian House Passes Biofuels Standard
Members of the Canadian House of Commons have passed a nationwide biofuels standard that is expected to create demand for an estimated 500 million gallons of ethanol and 150 million gallons of biodiesel. The standard is noteworthy considering that Canada has oil reserves only second to Saudi Arabia and is the largest supplier of U.S. foreign energy sources (including oil, …
“Thumbs” Up for Michigan Biodiesel Plant
A $65 million combination biodiesel-soybean crushing plant is being planned for the area of Michigan known as “the Thumb.” Despite rising costs for soybean oil, Bill Moran thinks his Huron Biofuels plant proposed for near Elkton, MI can make a go of crushing soybeans and selling the feed to local dairy farmers while having the option of turning the oil …
Analyst: High Oil Prices Good for Biofuels
While the rising price of crude oil might be taking a chunk out of your wallet, one analyst says it’s good news for ethanol and biodiesel. In this story on Grainnet.com, University of Illinois Extension marketing specialist Darrell Good made the comments while reviewing factors supporting the price of corn and soybeans: “Higher ethanol prices and strengthening prices of distillers …
New Mexico Gov Helps Open Biofuels Center
New Mexico Governor Bill Richardson helped open a new center that will feature renewable fuels. According to this company press release, Richardson filled up the Cummins-Blue Sun Biodiesel dragster this weekend at the Nambe Falls Travel Center in Santa Fe… a Blue Sun Biodiesel complex that includes retail and wholesale sales of the green fuel: The Nambe Falls Travel Center …
Clinton, Obama Make Pitches for Biofuels & Voters
The Democratic Party presidential nomination process rolls on (who’d have thunk it that we still wouldn’t have a nominee this late in the game?) with the next primary June 3rd in Montana, as well as Democratic and Republican primaries in South Dakota and the New Mexico Republican primary on the same day. Both Sens. Hillary Clinton and Barack Obama granted …
LifeLine’s Vision for Corn and Ethanol
LifeLine Foods sells ethanol, but ethanol is just one of many products the company produces. The St. Joseph, MO-based corn milling plant started off as a manufacturer of snack foods in 2001. Today, LifeLine’s identity is continually evolving. The 51 percent farmer-owned company is committed to innovation and is now partnered with ICM, Inc, a world leader in ethanol facility …
DOE Says ‘20% Wind Energy by 2030’ an Attainable Goal
The U.S. Department of Energy says current wind power technology is capable of powering 20 percent of the nation’s electricity. A DOE report, “20% Wind Energy by 2030,” finds an acceleration in the growth of wind power could reduce national consumption of natural gas by 11 percent and consumption of coal by 18 percent each year. The report states that …
EU Asking Biodiesel Questions
The European Union wants more information about U.S. subsidies on biodiesel. The inquiry stems from a European Biodiesel Board (EBB) complaint at the end of April that American subsidies were unfair trade practices (see my April 25th post). Now, according to this Reuters story, the EU is formally looking into the EBB charges: “The Commission is in contact with the …
Ethanol to Fuel New Road Fleet for U.S. Air Force
A new fleet of off road vehicles in the U.S. Air Force will operate on E85 fuel. MAG International Inc., the newest distributor of Flextek Flex Fuel Conversion technology, will help the Air Force meet its goal of reducing its exhaust emissions. The U.S. Air Force recently accepted MAG’s bid to provide a new fleet of off road vehicles designed …