If the U.S. doesn’t make sufficient investments in biofuels, it could put the Nation’s economy at risk of a slowdown and could make the country face energy shortages. That’s the conclusions of a report from a professor of chemical engineering and a biofuel specialist at Michigan State University. In remarks to the Platts Biofuels and Chemicals conference in Chicago and …
Study: Algae-based Biofuels Cut CO2 by 50-70%
A new study shows that biofuels made from algae can reduce life cycle carbon dioxide (CO2) emissions by 50 to 70 percent compared to petroleum fuels. And according to the Algae Biomass Organization, citing the study in the journal Bioresource Technology, algae biofuels are approaching the Energy Return on Investment (EROI) values that conventional petroleum has. “This study affirms that …
Former San Juan Biofuels Facility Selling at Lender Owned Auction
Maas Companies of Rochester, Minn., will liquidate the former San Juan Biofuels Oilseed Crush Facility located in Southwestern Colorado at a Lender Owned Auction.The auction will be conducted on-site at the plant, 7099 CR H, Dove Creek, Colorado on Tuesday, Oct. 8 at 10 a.m. The auction offers on-site and internet based bidding opportunities. San Juan Biofuels was originally a …
Defunding Biodiesel, Ethanol Center Draws Rep’s Ire
The North Carolina legislature’s lack of approving funds for a center that promotes the development of biodiesel and ethanol in the state draws the ire of one of its own members. In an opinion piece for the Herald Sun of Durham, N.C., State Representative G.K. Butterfield says the Biofuels Center of North Carolina in Oxford will soon close for good …
BASF to Acquire Verenium
BASF Corporation has entered into an agreement to acquire biotechnology company Verenium Corporation. The agreement, in which BASF will purchase all of the outstanding shares of Verenium’s common stock for US$4.00 per share, has been unanimously approved by both Verenium’s and BASF’s Boards of Directors. Based on all outstanding shares and including all net financial liabilities, the enterprise value would …
Fuels America Releases E15 Consumer Poll
Fuels America released a poll today that gauged consumer opinions of E15, a 15% ethanol, 85% gasoline fuel blend currently sold in nine states in the U.S. The poll comes on the heels of E15’s re-entrance into the American fuel market earlier this week. E15 was approved for use in vehicles 2001 or later nearly 14 months ago and today …
RFS Dominates DC Policymakers Conversations
Fuels America launched an educational program in Washington, D.C. this week to highlight the importance of the Renewable Fuel Standard (RFS). The program highlights the key benefits of the energy policy and includes messaging that carpets Metro stations most traveled by policymakers and their staff. “The RFS is important not only for corn farmers but also for our nation as …
Accusing RFS of Driving Food Prices is a Whopper
The National Council of Chain Restaurants (NCCR), the lobbying arm for the fast food industry, is returning to the Hill today to continue its anti-RFS (Renewable Fuel Standard) campaign. Food preparation is a tough job. With rising criticism for the industry’s high profits relative to low wage practices and advertising schemes, things for the industry are a bit rough these …
API’s Broken Record
The American Petroleum Institute (API) has submitted a report to Congress regarding the Renewable Fuel Standard (RFS) and according to Bob Greco, API’s downstream group director, the RFS is “broken beyond repair”. In a press call, he called the RFS a “reality gap” and argued that with gasoline demand being down decreasing imports and levels of cellulosic biofuels being “disappointing” …
Growth Energy Pleased with New Holland Support
At the 2013 Farm Progress Show, representatives from Growth Energy were pleased to be part of the New Holland Club Blue event for dealers and customers. “New Holland is a fantastic company, they produce top notch equipment, but they also are willing to step up for rural America,” said Growth Energy CEO Tom Buis. “What we’ve seen over the last …