Just when ExxonMobil finally gets into the biofuels game with its announcement of $300 million in funding for Synthetic Genomics, BP quits its biodiesel efforts. BP has extracted itself from a jatropha biofuel project with D1 Oils to focus on production of ethanol in both the United States and Brazil. The company will also pursue the development of advanced biobutanol in conjunction with DuPont.
D1 Oil has agreed to purchase BP’s 50 percent interest in their joint D1-BP Fuel Crops Ltd. venture which was launched in June 2007. Jatropha has originally been considered a “wonder” crop to produce biofuels, but as of late has been under fire with many calling it the “blunder crop“. It is no wonder that with tightening funding for biofuels the project was unable to find any additional investors.
According to an article today from Bloomberg News, BP spokeswoman Sheila Williams, commented, “To ensure the success of these investments, BP is concentrating new business development in these areas and will no longer be directly involved in the jatropha as a biofuel feedstock.”
BP Alternative Energy has earmarked $8 billion for project investment in the decade through 2015 and $500 million for biofuels research specifically. The company forecasts that biofuels will account for 11 percent to 19 percent of the world’s transport-fuel market by 2030.
In the past year, BP has partnered with several other ethanol companies including Tropical BioEnergia on a sugarcane project, Verenium on a cellulosic ethanol project and Associated British Foods and DuPont on a wheat-based ethanol plant in Hull, northeast England.


A new study says the potential of wind energy around the world is much higher than what either wind industry groups or government agencies have been estimating.
One of the leaders in lodging is working on becoming a leader in sustainable green energy.
The
A car maker that plans to build the world’s first police car designed from the ground up specifically for law enforcement officers and that will happen run on biodiesel has narrowed its choices to three states for its factory.
Just as the European Union was extending for five years the temporary duties the EU has slapped on American biodiesel, you would think would be the time the U.S. Trade Representative would want to talk about the protectionist tariffs with his European counterpart. Nope. Ambassador Ron Kirk had bigger fish to fry when he met with European Union Trade Commissioner Catherine Ashton in Washington this week. Like a dispute over playing Irish music in American commercial establishments. I kind you not. While what could be a lifesaver for the U.S. economy and the world’s environment is being shut out of one of the biggest markets on earth, Kirk wanted to beat his sheleighly over whether Danny Boy should be sung in pubs (I’m not sure if that’s EXACTLY what the musical dispute is all about, but you get the idea).
There is less than one week left for you and other clean fuel proponents to actively support one of the most important issues in the ethanol industry today: increasing the allowed ethanol blend to E15.
It’s not too late to get your early bird discount when you register by August 4th for the National Corn Growers Association’s Corn Ethanol Land Use Conference. This two-day event will be held in St. Louis on August 25-26 and will discuss the
Congress is being urged to make more money available for wind-energy research.