Biotech firm Dyadic International announced today an agreement to resolve a class action lawsuit initially filed in October 2007. The litigation, Miller v. Dyadic International, Inc. et al, pending in the United States District Court for the Southern District of Florida, asserted class action claims under federal securities laws based on allegations of misstatements and omissions by Dyadic and certain …
USDA Invites Public Comment on Renewable Energy Programs
Agriculture Secretary Tom Vilsack is inviting public comment on several proposed rules designed to increase the production of advanced biofuels and the development of biorefineries that were authorized under the 2008 Farm Bill. “We view these proposed rules as part of the strategy to help meet President Obama’s goal to accelerate the commercial production of advanced biofuels and create a …
USDA Biomass Crop Assistance Program Successful
According to Jonathan Coppess, USDA Farm Service Agency Administrator, biomass producers, energy facilities and communities are benefiting from USDA’s Biomass Crop Assistance Program (BCAP). Through April 2, 2010, USDA has approved 4,605 agreements for the delivery of more than 4.18 million tons of biomass and paid eligible biomass owners $165,274,695 in matching payments under BCAP’s first phase. BCAP was established …
Biofuels Benchmarking Annual Report Released
Today, Christianson & Associates, PLLP (C&A) has released a new in-depth report that looks into ethanol plant efficiency and financial viability. The Biofuels Benchmarking Annual Report is in its 7th year and analyzed the operational and financial performance of more than 50 ethanol plants along five major “bench” areas: overall ethanol industry analysis, regional ethanol plant analysis, production capacity analysis, …
‘Heavy Oil’ Working Group to Launch
Big Oil baffles me. They are running full-scale ad campaigns touting their work in developing alternative energy sources, (you couldn’t miss them if you watched the Winter Olympics) and then they turn around and file a suit against the EPA for the expanded Renewable Fuels Standard. They claim it is “unlawful and unfair.” Well, today, according to an article in …
Ag Department, Navy Team Up for Biofuels
Leaders from the U.S. Department of Agriculture and the U.S. Navy have kicked off the first of several forums designed to increase biofuels production and meet the Navy’s renewable energy needs. This USDA press release says the opening of the forum today in Honolulu came as a result of the Memorandum of Understanding (MOU) recently signed by the USDA and …
BIO to Congress: Fund $25M for Cellulosic Production
Today, the Biotechnology Industry Organization (BIO) released a letter to House and Senate appropriators asking them to fund the Section 942 of the Energy Policy Act of 2005 labeled as Production Incentives for Cellulosic Biofuels to the tune of $25 million for 2011. Known as a reverse auction program, BIO is encouraging this action as a way to assist pioneer …
UK Report on Food Crisis Vindicates Ethanol
A new report commissioned by the UK’s Department for Environment, Food and Rural Affairs (DEFRA) has concluded that drought and high oil prices, not biofuels, were behind the so-called food crisis of 2007/2008. “Available evidence suggests that biofuels had a relatively small contribution to the 2008 spike in agricultural commodity prices,” the report noted. “Studies which have found a large …
Berkeley Lab Awarded Funds for Biofuels Research
U.S. Department of Energy (DOE) Assistant Secretary for Energy Efficiency and Renewable Energy Cathy Zoi announced today that Lawrence Berkeley National Laboratory (Berkeley Lab) will receive almost $18 million from the Recovery Act to build an advanced biofuels process development facility from the U.S. Department of Energy (DOE). This grant will assist researchers with studies of next generation biofuels by …
New Energy Plan – Offshore Drilling
President Obama gave a speech this morning from a hanger at Andrews Air Force Base reiterating our country’s need for energy independence. This will be done, he says, through energy initiatives and the government will “lead by example.” In the background, a Navy Green Hornet jet that will fly on a mix of 50 percent biomass on earth day next …