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Heron Lake sale terminated, lender signs new agreement

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By Holly Jessen

April 18, 2013

Business 

A 50 MMgy ethanol plant located in Heron Lake, Minn., won't be sold after all. Instead, Heron Lake BioEnergy LLC has signed a new debt forbearance agreement with AgStar Financial Services, its main lender.

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The U.S. EPA has published data on renewable identification numbers (RINs) generated in March. While no D3 cellulosic RINs were generated during the month, 8,332 D7 cellulosic diesel RINs representing 4,901 gallons of fuel were generated.

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Cereplast's financial statements show that preliminary financial results for the three-month period ended March 31 demonstrate that total revenue for the first quarter of this year exceeds the entire revenue reported for 2012.

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The U.S. EPA has published data on renewable identification numbers (RINs) generated in March. While no D3 cellulosic biofuel RINs were generated during the month, 8,332 D7 cellulosic diesel RINs were generated.

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Royal DSM has announced that it has signed a memorandum of understanding (MOU)for a strategic partnership with Rostekhnologii (Rostec), a Russian State corporation, in the fields of biotechnology and functional materials.

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TMO Renewables and Usina Santa Maria Ltda have entered into an agreement to form a joint venture to build the first commercial production plant in Brazil to convert sugar cane waste (bagasse) to cellulosic bioethanol.

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A team of Virginia Tech researchers have adapted existing technologies to make a new product, transforming cellulose into amylose. One target market for the amylose would be functional foods, said lead researcher Y.H. Percival Zhang.

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A U.K.-based conservation charity, the National Trust, is investing $5.35 million in five pilot products as a part of a plant to provide clean energy to 43 historic properties. The plan is being carried out in conjunction with Good Energy.

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Biditup Auctions and Appraisals Worldwide Inc. and Maynards, the new owners of the former New Energy Corp. ethanol plant, are accepting sealed bids for the South Bend, Ind., facility through July 15.

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On April 15, the U.S. Energy Information Administration released the initial sections of its Annual Energy Outlook 2013 (AEO2013). Additional chapters will be released periodically through May 2, when the complete AEO2013 will be available.

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Researchers from U.K.'s University of Bristol reported the development of new catalysts that are able to convert ethanol to butanol at the national meeting and exposition of the American Chemical Society.

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A new map of the algae industry published online by the Algae Biomass Organization shows algae production facilities and research projects stretching from coast to coast, illustrating a nationwide opportunity for a new and growing industry.

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The Internal Revenue Service has addressed some unanswered questions that resulted from the extension and modification of the Section 45 renewable electricity production tax credit.

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Flint Hills Resources Renewables supports nearly 1,000 jobs

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By Flint Hills Resources Renewables LLC

April 17, 2013

In 2012, Flint Hills Resources Renewables LLC directly employed 280 full-time employees throughout Iowa and Nebraska and supported an additional 661 full-time jobs in the region according to a recent study by Harrah Analytics.

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Ceres Inc. has released financial results for the second quarter of its 2013 fiscal year, which ended Feb. 28. The company also provided an operational update, noting progress with its sweet sorghum and switchgrass varieties.

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University of California, Santa Barbara scientists have described the discovery of a potential treasure-trove of candidate enzymes in fungi thriving in the feces and intestinal tracts of horses that could aid in cellulosic biofuel production.

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Revenue from corn oil has become an important part of the bottom line at the majority of U.S. ethanol plants.

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DDGS Report

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Ethanol Report

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Confusion remains over how to interpret and compare various estimates of renewable identification number availability, said Nick Paulson, assistant professor in the Department of Agricultural and Consumer Economics at the University of Illinois.

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Ceres Inc. has released financial results for the second quarter of its 2013 fiscal year, which ended Feb. 28. The company also provided an operational update, noting progress with its sweet sorghum and switchgrass varieties.

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Enzymes from horse feces could streamline biofuel production

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By American Chemical Society

April 16, 2013

University of California, Santa Barbara scientists have described the discovery of a potential treasure-trove of candidate enzymes in fungi thriving in the feces and intestinal tracts of horses that could aid in cellulosic biofuel production.

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Natural Gas Report

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Eric Sumner's lifelong fascination with science spans from his youth to the cutting edge of ethanol plant bacterial control and the growing importance of coproducts for long-term industry viability.

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Business Briefs

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By Ethanol Producer Magazine Staff

April 16, 2013

People, Partnerships & Deals

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Scaling the Wall … Again

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By Bob Dinneen

April 16, 2013

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More than 2,000 people will gather in St. Louis for the 29th Annual International Fuel Ethanol Workshop & Expo.

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