There are several proposed amendments to current ethanol tax policy including the VEETC and tariff. Many believe that these incentives will disappear at the end of the year, but what would happen if they were extended? Today, the blender’s credit (VEETC) is 45 cents and the ethanol tariff is 54 cents. According to research conducted by University of Missouri economists, …
Oil Independence for a Stronger America Act Introduced
Today U.S. Senators Jeff Merkley (D-OR), Tom Carper (D-DE), Tom Udall (D-NM) and Michael Bennet (D-CO) introduced the Oil Independence for a Stronger America Act today in an effort to eliminate dependence on foreign oil by 2030 and create a National Council on Energy Security that would be charged with providing recommendations to the President and Congress to ensure America’s …
Biofuel IPOs On The Rise
The biofuels industry is making a come-back with several successful IPOs (initial public offering) over the past few months. Today, KiOR announced its initial public offering of 10,000,000 shares of Class A common stock at $15 per share. The company raised nearly $138 million of proceeds from the IPO which occurred on June 24. Other successful IPO’s include the much-awaited …
DDCE Selects Nevada, IA for Cellulosic Ethanol Plant
DDCE has selected Nevada, Iowa for its cellulosic ethanol biorefinery to be located adjacent to Lincolnway Energy, LLC’s corn-ethanol plant. The company has entered into an agreement to purchase land when completed, where the plant will be sited. The biorefinery will be one of the first commercial scale cellulosic ethanol plants producing fuel from corn stover, corn cobs and leaves, …
Sydney, Australia Home of New Algal Biomass Facility
Algae.Tec Limited in collaboration with Manildra Group have announced the construction of an algae demonstration facility in Shoalhaven One, in Nowra south of Sydney, Australia. Manildra Group is the country’s largest ethanol producer. Algae.Tec Executive Roger Stroud said the partnership contract has been signed and final logistical plans are being made and submissions for permits are also in the works. …
Growth Energy FEW Press Conference
Following this morning’s opening plenary session at the Fuel Ethanol Workshop, Tom Buis, CEO, Growth Energy, met with members of the press. He gave us an overview of where things stand on a number of issues facing the ethanol industry before taking questions. I’ve posted the overview for you to listen to. Tom’s farm is right down the road from …
New Initiative Launched to Spur Aviation Biofuels in Europe
The Paris air show is taking place this week and biofuels have taken to the air in a dramatic fashion. Today, the European Commission and Airbus, along with several leading European airlines and European biofuel producers, have launched a new industry wide initiative to try and speed up the commercialization of aviation biofuels throughout the country. “Biofuel Flightpath,” is a …
E85 Station Opens in Magnolia, North Carolina
Magnolia, North Carolina is the newest home of an E85 station, just off of Interstate 40. This marks the state’s 16th E85 station, but the first one funded through the American Recovery and Reinvestment Act via the Carolina Blue Skies and Green Jobs Initiative. The official grand opening took place on June 17 and 90 guests from the local community …
Biofuels Survive G20 Ag Ministers Meeting
Biofuels survived a challenge on the international level this week as agriculture ministers meeting in France declined to recommend countries limit production to avoid impacting food prices. The agreement reached by the ministers mainly focuses on creation of an agricultural market information system and removing barriers to food exports for humanitarian purposes. The ministers did call for further analysis of …
Navy Seahawk Helicopter Flies with Algae
The US Navy has successfully flown an MH-60S Seahawk helicopter test flight using a 50/50 blend of biojet fuel using Solazyme’s Solajet HRJ-5, derived 100 percent from algae. This test flight, which took place on June 20, marks the first military aircraft ever to fly on algal-based biojet fuel. Just last week, ASTM International gave preliminary specs and approval for …