Pacific Ethanol, Inc. makes an underwritten public offering to sell 28 million units at $.43 a share expected to raise $12 million. This company press release has details: Each unit consists of (i) one share of common stock; (ii) one warrant to purchase one share of common stock (“Series I Warrant”); and (iii) one warrant to purchase 1/2 of a …
Nebraska Corn Board Funding More Blender Pumps
Retailers in Nebraska will get some help putting in pumps that give more choices when it comes to ethanol. The Nebraska Corn Board will give grants of $30,000 for acquisition and installation of the first blender pump at a location and $10,000 for a second pump to qualifying retailers: Blender pumps allow retailers to more easily offer additional ethanol blended …
Corn Prices Shutter Another Valero Ethanol Plant
It looks like there’s more trouble for Valero’s corn-based ethanol plants. In just more than a week, the company has shuttered a second ethanol plant. This Reuters article says this one is in Linden, Indiana, but the reasons are the same as last week’s closing of Valero’s Nebraska facility: high corn prices: The 110-million-gallon-a-year (500-million-liter) Linden plant is the second …
Survey Finds Need for More Renewable Fueling Options
In a recent online survey of shareholders, the Iowa Renewable Fuels Association (IRFA) sought input on the renewable fuels industry’s impact on individuals and communities. Nearly 500 renewable fuels supporters took part in the survey and provided some intriguing responses. “There is a growing appreciation for fueling freedom – not just E85, but E15 and E30 as well,” said IRFA …
Edeniq Producing Cellulosic Ethanol in California
A California-based biofuels company officially launched its Corn to Cellulosic Migration (CCM) pilot biorefinery this week. The CCM biorefinery is located at the headquarters of Edeniq in Visalia, California. According to the company, the pilot plant’s technologies can be used as bolt-on technology to existing facilities to allow the use of other feedstocks such as corn stover, switchgrass, sugarcane bagasse, …
Ethanol Production Expected to Grow this Year
New numbers show that, globally, ethanol production will be up just slightly this year. In the Global Renewable Fuels Alliance’s Global Annual Ethanol Production Forecast, the group that represents about two-thirds of the world’s ethanol production in 44 countries says production of the green fuel should hit 85.2 billion litres in 2012. This comes despite the worries about the world’s …
Likis Learns About Ethanol and Engines at Argonne
Automotive expert Bobby Likis is learning more this week about the latest research into ethanol and car engines to bring to his audience on the Car Clinic Network. “I’m amazed at all the research and development going on with new fuel technology with all sorts of engines to include hydrogen, ethanol, ethanol blends, diesel and dual fuels,” he said during …
GROWMARK Celebrating History Built on Energy
GROWMARK has two reasons to celebrate this year – the International Year of the Cooperative and GROWMARK’s 85th anniversary. “The cooperative obviously has evolved a lot over those 85 years,” says Dan Kelley, Illinois farmer and president of the GROWMARK Board of Directors. “Energy is still a main part of GROWMARK’s product distribution. Nearly half of our sales continue to …
USDA Funds Rural Energy Projects
Agriculture Secretary Tom Vilsack today announced that USDA has selected for funding 450 projects focused on helping agricultural producers and rural small businesses reduce energy consumption and costs; use renewable energy technologies in their operation; and/or conduct feasibility studies for renewable energy projects. Funding is made available through the Rural Energy for America Program (REAP) under the 2008 Farm Bill. …
DF Cast: What’s in the Farm Bill for Biofuels?
The U.S. Senate has passed its version of the Farm Bill… or as Secretary of Agriculture Tom Vilsack likes to call it by its more proper name, Agriculture Reform, Food, and Jobs Act of 2012, because of its all-encompassing nature (he even “fines” people in his office $1 for every time they give the shortened, less encompassing name)… and it …