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 …
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 …
Biodiesel Industry Wants Longer Tax Extension
Biodiesel producers are pleased that the U.S. House of Representatives voted overwhelmingly to reinstate the biodiesel tax incentive as part of the tax extenders package passed on Wednesday, but they would prefer a longer term deal to provide more certainty for the industry. “While we appreciate a one-year extension, we are urging Congress to continue pressing for a longer-term policy …
Pacific Biodiesel Inks Deal with Hawaiian Electric
Folks in the Aloha State will be keeping cool and the lights on late greener as the state’s electric utility signs a deal to use biodiesel to power generators on Oahu. The Honolulu Star-Advertiser reports Hawaiian Electric Co. and Maui-based Pacific Biodiesel Technologies have signed a two-year contract starting in just under a year. Pacific Biodiesel Technologies will provide waste …
Patriot Names Manager for New Biodiesel Plant
Patriot Renewable Fuels has named Audie Sturtewagen as manager of its new 5-million gallon per year biodiesel plant expected to come on line in Illinois in the first quarter of 2015. This company news release says Sturtewagen has worked for the company since 2008 when the ethanol plant started production. Audie Sturtewagen said “I’m excited to have the opportunity to …
Novozymes Offers Enzyme for Waste Oil to Biodiesel
Waste cooking oil-to-biodiesel operations are getting some help as biotech company Novozymes introduces a new enzyme just for that kind of operation. This company news release says Novozymes Eversa® is the first commercially available enzymatic solution to make biodiesel from waste oils and gives producers more feedstock selection at lower costs. Growing demand for vegetable oil in the food industry …