The stock in a company that seemed to be wiped out by Hurricane Ike last year has taken a dramatic jump. While Texas-based renewable energy company Greenhunter Energy Inc won’t say anything about Tuesday’s 62 percent surge in price, this story in the Wall Street Journal tries to clear up some of the mystery of why Greenhunter closed at $1.86: …
EPA Approves GreenHunter Biodiesel
Texas-based GreenHunter Biofuels continues its road to recovery after Hurricane Ike nearly wiped its biodiesel operation last September. Back in November, I told you how the refinery went back on line. Now, according to this company press release, GreenHunter Biodiesel has been approved for the on-road market in the U.S. by the Environmental Protection Agency: Previously, as a part of …
GreenHunter Energy Powers Up with Biodiesel
GreenHunter Energy is acquiring more than 7 MW of biodiesel-powered electrical generators. The energy company, based in Grapevine, Texas, says the generators will come form a third party company in Panama City, Panama. The power plant is skid mounted and has a Tier I EPA certification and will operate under the TCEQ and all other local and state regulatory requirements. …
Houston Biodiesel Plant Idled by Hurricane to Re-Open
A biodiesel plant that was nearly completed and put on hold when Hurricane Ike roared ashore in south Texas in 2008 will get new life today. This article in the Houston Business Journal says Houston’s Channel Biorefinery & Terminals LLC will hold a re-groundbreaking ceremony today at 2:30 pm CDT at the site of the 105 million gallon GreenHunter Biofuels …
Loss of Tax Break Prompts Dumping of Biodiesel Plant
The loss of the federal $1-a-gallon biodiesel tax incentive is part of the reason a green energy company has decided to give its biodiesel plant to creditors. The Dallas Morning News reports that GreenHunter Energy Inc. made the move to give its Houston biodiesel plant to its debt holders to avoid being delisted by the New York Stock Exchange: GreenHunter …
America’s Biggest Biodiesel Plant For Sale
A year after opening on the Houston Ship Channel, the nation’s biggest biodiesel plant has a “for sale” sign out on its lawn. The Houston Chronicle reports that GreenHunter Energy is trying to find a buyer while it rearranges some financial obligations on the refinery: GreenHunter hired an investment banking firm to look for a potential buyer for the 105 …
Biodiesel Refinery Idled by Ike Back On Line
Back in early September, Hurricane Ike roared ashore on the Texas Gulf Coast as the third most destructive hurricane ever to strike the U.S. A biodiesel refinery in the Houston area that was part of the destruction (see my post from Sep. 29, 2008) has finally recovered and is back on line. GreenHunter Biofuels has announced in this press release …
Tampa Could Become Major Biodiesel Port
Tampa, Florida could become a major port for alternative fuels… just in time as an area just up the road is expanding its potential to produce biodiesel. Yesterday, I told you about how Groveland is expanding its biodiesel production capabilities and hopes to rival Houston, Texas in terms of green fuel refining. Now, GreenHunter Energy Inc. of Houston might be …
Damage at Houston Biodiesel Refinery Revealed
Twelve feet of water can do a lot of damage… just ask the folks at GreenHunter Energy. Their biodiesel refinery in Houston had just opened this summer has been knocked out of commission when the eye of Hurricane Ike passed nearly directly over the facility. GreenHunter officials are providing an update (along with pictures of the damage) that caused a …
Ike Idles US’s Biggest Biodiesel Refinery
The nation’s largest biodiesel refinery, the GreenHunter Energy Renewable Fuels Campus in Houston that is capable of cranking out 105 million gallons of biodiesel a year, will be shut down for the next six to eight weeks because of the damage caused by Hurricane Ike. This information from the company’s web site has details: Structural losses at the facility include …
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