Equity drives for biodiesel plants in Missouri are going well, according to the Missouri Soybean Association. Paseo Biofuels is getting close to half of the $24 million it is raising for a biodiesel plant in Kansas City, Mo., to be owned by Missouri farmers and Cargill. (see previous post) So far, more than $10 million in shares has been committed. …
Peachy Deal for Georgia Biofuels Plants
Georgia Governor Sonny Perdue this week proposed a sales tax exemption for materials and equipment used in the construction of biofuel facilities in Georgia. According to a press release from the governor’s office, the four percent tax incentive, an annual savings of $2 to 4 million, will be available to facilities producing and processing certain biofuels (ethanol, biodiesel and butanol) …
Earthrace Low on Financial Fuel
The first 100-percent pure biodiesel race boat is running short on funding and may not finish it’s world tour as planned. According to news reports, like this one from the NY Times, Earthrace – aka “the World’s Coolest Boat” – is drowning in debt and stuck on the west coast. The boat was due to arrive on the east coast …
Biofinance Conference
Training on how to finance biofuels projects is the goal of Infocast’s Ethanol & Biodiesel Project Finance: The Tutorial, coming up November 1-3 in Chicago. Here’s the pitch from the organizers: Biofuels are red-hot, and getting hotter by the day! But developers and financiers must understand how to best take advantage of the national Renewable Fuels Standard and other incentives, …
Bunge Ethanol and Biodiesel Plans
MGP Ingredients Inc. and Bunge North America are considering jointly building an ethanol plant in the Atchison, KS area, according to a Kansas City Business Journal report. In a filing Thursday with the Securities and Exchange Commission, Atchison-based MGP Ingredients said the companies have made no decisions to proceed beyond the investigatory stage. In other Bunge news this week, the …
O2 Diesel Helping the Environment
For every student that rides an 02 Diesel bus in Spearfish, SD, the Arbor Day Foundation will plant one tree in Custer State Park which was devastated by a forest fire. At a celebration this week marking the start of the Spearfish school system using buses powered by the O2 Diesel blend of ethanol and biodiesel (see previous post), Kevin …
Riding the O2 Diesel School Bus
Students in Spearfish, SD will be breathing easier this school year now that Spearfish Public Schools in South Dakota and Dakota Trailways have announced that all district school buses will now be running on O2 Diesel™, a new, cleaner-burning fuel blend of ethanol-diesel. The first of these newly converted buses was unveiled at a news conference at West Elementary School …
Boise Biodiesel
Boise, Idaho Mayor David Bieter has issued a directive to use biodiesel fuel in city vehicles as often as possible, with the goal of reducing petroleum consumption and cutting smog-causing emissions. According to a press release from the Mayor’s office, the announcement was made Monday during a ceremony to mark Idaho Renewable Fuels Awareness Days during the month of September …
More BQ-9000 Accredited Producers
Two more prodcers became BQ-9000 this week, according to the National Biodiesel Board. Although new to biodiesel production in the United States, Cargill took measures while constructing its biodiesel facilities so that it could help ensure it meets the industry standard for quality. Cargill’s Iowa Falls, Iowa, location has produced biodiesel since May. The company reports 37.5 million gallons of …