Biomass supply company Genera Energy is getting some financial help to expand its biomass operations. This company news release says WindSail Capital Group is investing in the company, giving Genera the resources to scale up its energy crop production and supply chain operations, further expand the portfolio of biomass feedstocks and geographies it covers, and expand the working capital of …
Ontario Biodiesel Plant to go to Highest Bidder
A Southern Ontario biodiesel plant is going on the auction block. This article from Canada’s Sun News says the $50-million Great Lakes Biodiesel (GLB) plant went receivership and will be sold to the highest bidder. It’s the latest chapter in the rocky history of Great Lakes Biodiesel, which opened the production facility in Welland at the end of 2012 to …
REG Buys Germany’s Petrotec AG Biodiesel
Iowa-based Renewable Energy Group, Inc. (REG) is expanding into Europe with its majority ownership buy of Germany’s Petrotec AG Biodiesel. This REG news release says deal is expected to be closed by the end of this month. ICG, Israel Corporation’s vehicle for investing in the alternative energy market, today formally accepted an offer from REG European Holdings B.V. to purchase …
Biodiesel, Ethanol & Wind Lead Energy Jobs in Iowa
Biodiesel, ethanol, wind and energy efficiency are the leaders in a survey on job growth in advanced energy in Iowa. This news release from the Advanced Energy Economy Institute says those industries employ more than 22,000 people. Prepared by BW Research Partnership, a leading workforce and economic development research firm, the Iowa Advanced Energy Employment Survey report is available at …
Pacific Biodiesel Cheapest Diesel in Hawaii
As Pacific Biodiesel celebrates its deal to provide biodiesel to power generators for the state utility Hawaiian Electric Co., the Maui-based green fuel provider is also celebrating the cheapest diesel available at the pump in Hawaii. This article from Maui Now says Pacific Biodiesel’s Hobron fueling station is selling biodiesel for $3.79 per gallon. Company officials attribute the drop to …
Neste’s Renewable Diesel to Power Finnish Ferries
Neste Oil’s renewable diesel will soon be powering ferries in Finland. This company news release says Neste agreed to provide its low sulfur marine diesel oil to Tallink Grupp’s ferries making port calls in Finland. “We are eager to partner with Tallink Grupp as it is a well-known brand in the Nordic countries and the Baltic States and a major …
Sprague Buys Deepwater NYC Port for Biodiesel
New York City will have a little easier time shipping in biodiesel and other fuel products, as Sprague Operating Resources LLC, completes the purchase of Castle Oil Corporation and its Port Morris terminal. Sprague says the deal is worth $56 million in cash and SRLP units, plus payments for Castle’s inventory as of closing. Castle’s Port Morris terminal is the …
CT Biomass Pellet Maker Looks for Expansion Space
A Connecticut-based biomass pellet maker is looking for room to grow. Engineered Carbon Solutions (ECS), the maker of Frog City Fuel, says it is still gaining commitments towards a mid-size manufacturing facility located in the southeast part of the state. [T]hree entities have stepped forward and offered in excess of $1M in property, grant / loans and property tax abatement. …
Georgia Biomass Plant to be Built
The approval of a nearly quarter billion dollar biomass energy is closer to fruition. This article from the Albany (GA) Herald says the Albany-Dougherty Payroll Development Authority approved a $250 million bond issuance for the project to be built next to the local Procter & Gamble campus. “It does appear (P&G, in conjunction with Albany Green Energy, which will manage …
Boeing Burns Neste’s Renewable Diesel in Test Flight
Aircraft maker Boeing has made a successful test flight using Neste Oil’s NEXBTL renewable diesel fuel. This Neste news release says the Boeing 787 Dreamliner flew as part of the ecoDemonstrator program on a 15 percent blend of the green fuel for the first time in history. “The airplane performed as designed with the green diesel blend, just as it …