An ethanol plant that stops looking for ways to diversify its business and improve its profits is an ethanol plant that will drown faster in bad weather. A new option for the ethanol industry to diversify is to add a biodiesel plant to the end of its corn oil extraction technology. This idea lends itself one step closer to a …
REG Files for IPO
The largest biodiesel company in the U.S., Renewable Energy Group, has filed its registration statement for an initial public offering. The number of shares to be offered and the price range for the offering have not yet been determined. UBS Securities LLC and Piper Jaffray & Co will be acting as joint book-running managers for the IPO. In addition, Stifel, …
NBB Testifies During EPA Hearing
Earlier this week, the Environmental Protection Agency held a hearing to discuss the latest renewable fuels proposal. One goal of the hearing was to determine if current 2011 mandates will be met by the obligated parties and to ensure the industry can produce enough fuel. Also under debate is whether the 2012 mandates are too high. Joe Jobe, the CEO …
Alt Fuels & Vehicle Lecture Announced
The American Lung Association in Minnesota is offering a free lecture on alternative fuels and vehicles that are currently available in Minnesota. The event will be held on Wednesday, July 20th from 6:30-8:00 pm CST, at the American Lung Association in Minnesota’s building located at 490 Concordia Avenue, Saint Paul. The lecture is taking place in the Mississippi room. The …
Hino Trucks Approved for B20
Hino Trucks has approved its product line of class 4 and 5 cab overs as well as class 6 and 7 conventional trucks for use up to a 20 percent biodiesel blend (B20). The company says all of its 2011 and 2012 model year trucks powered with its 3-Series engines are approved to use up to B20 blends that meet …
REG New Owner of SoyMor Biodiesel
Renewable Energy Group (REG) is the new owner of the SoyMor Biodiesel LLC facilities located in Albert Lea, Minn. The purchase included SoyMor’s biodiesel plant as well as its soy lecithin facility. The 30 million gallon per year (mmgy) biodiesel plant has been idle since 2008 and REG is already in the process of hiring 20 full-time employees for the …
LS9 To Test UltraClean Diesel, May Open Brazil Biodiesel Plant
LS9 has been making news with the announcement that they will collaborate with MAN Latin America to test their renewable diesel in both stationary engines and operational fleet vehicles in Brazil. The testing will cover performance, emissions, fuel consumption, and engine durability testing, as well as field testing of the company’s biofuel in Volkswagen trucks and buses. “Our collaboration with …
Is Europe’s Biodiesel Industry in Jeopardy?
Europe’s $13 billion biodiesel industry could be in jeopardy according to an article published by Reuters that claims that the European Union (EU) plans to tackle unwanted side effects of biofuel production. The turn-about in support of biodiesel has been in part spurred by fear over climate change and several recent papers leaked from the European Commission that purport that …
Country’s First B20 Biodiesel Bus Retired
Medford, New Jersey’s, and possibly the country’s, first bus to run on a 20 percent blend of biodiesel (B20) has been retired. The 1998 International bus consumed more than 28,000 gallons of biodiesel during its lifetime and allowed children to ride to and from school and other events surrounded by cleaner air. The bus was first fueled with B20 on …
Biofuels Arrive in Tarrant, Alabama
Biofuels have arrived in Tarrant, Alabama. Pacific Pride Services, a subsidiary of Wright Express Corporation, has announced that in partnership with Quality Petroleum of Alabama the opening of the first Commercial Fuel Center offering both biodiesel for fleet customers as well as ethanol. The new location is Quality Petroleum’s eighth Pacific Pride Fuel Center in Alabama and joins more than …