Mark your calendars for Biomass and Biorefinery Deals 2007 March 26th-28th in Washington, D.C. Industry leaders along with government officials, and equity and venture financiers will get together at D.C.’s AED Conference Center to discuss the financial end of biomass operations. They will address federal incentives and programs for the development of new biomass energy projects, as well as the …
CBOT Official Says Biodiesel Contracts Still in the Future
Following up on Cindy’s post about the Reuter’s Global Biofuels Summit, I ran across this bit of news about the future of biodiesel futures from Reuters. The chief economist at the Chicago Board of Trade, Dave Lehman, told attendees at the summit that the biodiesel market is still not big enough to be a hedging tool. The biodiesel market is …
Pocatello Next on Biodiesel Bandwagon
A couple of days ago, I told you about how Cincinnati, Ohio had changed its bus fleet to biodiesel and saved the city nearly half-a-million dollars last year. Now, officials in Pocatello, Idaho are making the change to the cleaner form of fuel. They expect to change the city’s entire fleet… cars, buses, snowplows… over to a 20% blend of …
Biofuels Buoy Cargill’s Second Quarter Earnings
Cargill reported that its second quarter earnings for last year jumped 34 percent over the same time a year ago… due in part to the increased demand for ethanol and biodiesel. Earnings went from about $500 million in the same quarter in in fiscal year 2006 to more than $660 million dollars for the quarter ending November 30th. In addition, …
New York to Get First Commercial Biodiesel Plant
A former brewery in New York state will soon be brewing up biodiesel. Officials with GS AgriFuels have announced a partnership with Homeland Energy to build a biodiesel plant at the site of the old Miller Brewing Company plant in Fulton. Homeland Energy already has an ethanol plant adjacent to the site. In a release on Business Wire, GS AgriFuels …
Brunei Biodiesel
Even some oil-rich nations are getting on the biodiesel bandwagon. Check out this article in the Brunei Times. Apparently, the sultanate on the coast of Borneo in the South China Sea has inked an agreement with a private company to build two biodiesel and glycerine production facilities. The facilities can produce 100,000 metric tonnes of biodiesel per annum in Phase …
Cincy Buses Running on Biodiesel Save Nearly Half Million Dollars
The Cincinnati Enquirer reports that buses in the city and the surrounding county ran on biodiesel, saving the city $450,000 last year. (The metro area’s) 390 buses used about 3.6 million gallons of fuel last year – half of which was biodiesel. But, there is one adjustment that has to be made for the city’s cold winters… During warm months, …
Arkansas Ag Chief Pushes Biodiesel
The Secretary of the Arkansas Agriculture Department wants his state to focus on biodiesel, not ethanol. The Arkansas News Bureau reports Richard Bell told state lawmakers other states that produce more corn are already dominating the ethanol field. Bell told the House Agriculture, Forestry and Economic Development Committee that Arkansas will have a chance to break into the ethanol market …
Iowa to Get Second Biodiesel Plant
The opening of Iowa’s first biodiesel plant is set for this April in Newton, and now a second one will be built in Huxley. According to the Des Moines Register, a $15.4 million dollar facility, will be built by Ames-based Technochem. The plant, which will employ 51 people, is expected to produce about 5 million gallons of biodiesel annually, and …
Florida Legislature Urged to Support Biofuels Production
Florida’s Commissioner of Agriculture is a man on a mission – to make Florida the nation’s leader in biofuels production. To that end, Commissioner Charles Bronson appeared before a joint meeting of the House Agribusiness and House Energy Committees on Wednesday urging them to consider tax incentives or some form of financial assistance that the state can provide to encourage …