Valero Energy Corp will add three more ethanol plants to their group, bringing their total production to 1.1 billion gallons per year. After these purchases, Valero will own ten ethanol plants. A $200 million agreement has been settled for two plants now owned by creditors ASA Ethanol Holdings LLC. These plants are located in Linden, Indiana and Bloomingburg, Ohio and …
Propane-Fueled Vans Added to the ROUSH Lineup
ROUSH is expanding its line of propane fueled vehicles with the addition of a line of E-Series vans. ROUSH will offer fuel conversion solutions for both passenger and cargo van applications. The company selected the E-Series because, “Ford has long held a leadership role in the van segment for more than 30 years and fleet managers are familiar with the …
U.S. Energy Company to Buy Jatropha-based Biodiesel
An American energy company with biodiesel and ethanol operations will be buyng some of its green fuel from down under. The New York Times reports that Valero Energy has signed a five-year deal with Australian biofuel refiner Mission NewEnergy to obtain biodiesel made from jatropha. Valero will also be able to buy a 25 percent stake in Mission: Mission will …
Copenhagen Seen as Good for Biodiesel, Ethanol
The Copenhagen Climate Change Summit, which started this week in Denmark, could be good for biodiesel and ethanol. Biodiesel Magazine reports that while not everyone agrees exactly on what the political negotiations will bring, an expected deal … if not a full treaty … outlining a carbon pricing or cap-and-trade system that puts a price on carbon will be a …
Novozymes & PRAJ Partner on Advanced Biofuels
Novozymes and PRAJ Industries Ltd have signed a contract to collaborate on the development of advanced biofuels. Together the two companies will optimize the enzymatic hydrolysis processes and use of enzymes in the production of advanced biofuels. The two companies have a history or working together and for several years have been focusing on conventional biofuels. According to Novozymes, India …
11 Good’s G2 Diesel Plant Opens
According to a new report by the National Biodiesel Board that studies the positive effect of the tax credit, “The ailing U.S. biodiesel industry is producing at 15% of its potential capacity.” It argues that if the federal government does not extend the tax credit, set to expire on Dec. 31, 2009, the entire industry could “cease altogether.” This year, …
DOE Issues Final Rule on Loan Guarantee Program
It was a busy day in Washington yesterday as U.S. Secretary Steven Chu announced the issue of a final rule for the Loan Guarantee Program. The revised rule was designed to increase participation from private investors and banks as well as to support more innovative energy technologies. This announcement came on the same day that Chu released another $100 million …