Fourteen months after filing a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock, Fulcrum BioEnergy withdrew it and is proceeding to close on $175 million in funding.
The latest fuel ethanol statistics released by the U.S. Energy Information Administration show that ethanol production for August was down only slightly compared to production levels for the same period of 2011 and 2010.
Syngenta in North America announces it has signed a commercial agreement with Bonanza BioEnergy to use grain featuring Enogen trait technology in 2013. The technology that allows corn to express a robust form of alpha amylase enzyme.
Peru's sugarcane ethanol producer, Maple Etanol S.R.L., continues to ramp up production at its new 35 MMgy facility. Since starting operations in March 2012, the plant has processed about 468,000 tons of sugarcane through mid-November.
London-based Whitefox Technologies Ltd. recently announced that it has secured an ethanol contract with the government of Guyana. Together with its Brazilian partner, Green, Whitefox Technologies will install a demonstration plant at a sugar mill.
The market for fuel ethanol in the United States remains unconcentrated, with 154 firms nationwide either producing ethanol or likely to be in production in the next 12 to 18 months, according to the Federal Trade Commission's 2012 report.
The city of Hopewell, Va., is moving forward with plans to auction off Appomattox Bio Energy LLC in an effort to recoup more than $1.6 million in lost tax revenue. The 65 MMgy barley-to-ethanol plant was built by Osage Bio Energy LLC.
On Nov. 16 the USDA announced more than $15.7 million in payments to 189 companies under USDA Rural Development's Advanced Biofuel Payment Program, which provides payments to support the production and expansion of advanced biofuels.
Edeniq Inc. has announced that it has begun engineering and construction of a bagasse-to-sugars demonstration-scale plant together with its partner, Usina Vale, a Brazilian sugar and ethanol producer.
Cosan Ltd. and Cosan S.A. recently announced financial results for the second quarter of fiscal year 2013, which ended Sept. 30. The company produced approximately 924,000 cubic meters of ethanol during the quarter.
Verenium Corp.'s quarterly financial results show progress being made on both operational and financial fronts, despite the difficult economics that have impacted the ethanol industry. The company also reports demand in Europe is already increasing.
The International Energy Agency has released a report that shows the global energy map is changing significantly. By 2020, IEA's, "World Energy Outlook 2012," indicates, that the U.S. will become the largest oil producer in the world.
A plant in South Bend, Ind., filed for Chapter 11 bankruptcy protection on Nov. 9. New Energy Corp. received a letter from the U.S. DOE, asserting a "termination event" of a DOE loan and requested the company cooperate with Chapter 11 proceedings.
Edeniq Inc. has announced that Aemetis, Inc., an advanced fuels and renewable chemicals company, has entered into an agreement to install Edeniq technology at the Aemetis Advanced Fuels Keyes plant in California.
The results of the National Corn Growers Association's Ethanol Rocks Video Contest are in. High school senior Jason Girouard from Brimfield, Mass. received first-place honors and an award of $1,500. Two second-place winners were also named.
Royal Vopak has obtained an International Sustainability and Carbon Certification for multiple sites. The certification is another step to further enhance Vopak's biofuels terminal network and to remain a reliable partner for biofuel customers.
Praj Industries Ltd. is developing a 10 million liter (2.64 million gallon) cellulosic ethanol demonstration plant in India. Praj's announcement came the same day that the India government announced a new five-year plan for biofuel development.
The oldest ethanol plant in Indiana has temporarily idled. "Our goal is to restart the plant and recall our employees but at this point it's hard to say when that will occur," said Russ Abarr, president of New Energy Corp., a 102 MMgy plant.
The Andersons Inc. has released financial results for the third quarter of 2012. For its ethanol group, The Andersons reported an operating loss, but noted in its filing that service income and income from coproducts, partially offset lower margins.
Eco-Energy Inc. and Copersucar S.A. have announced the internationalization of their ethanol operations with a joint investment in Eco-Energy to build and expand their integrated biofuel platform, becoming the largest ethanol trader in the world.
Pacific Ethanol Inc. recently announced it would add corn oil extraction technology to one of its ethanol plants and, separately, that it had secured a new $10 million revolving line of credit from its existing lenders.
Abengoa Bioenergy has selected Telvent GIT S.A. to design, manufacture and program a distributive control system for its 25 MMgy cellulosic ethanol plant under construction in Hugoton, Kan., another sign that the project is steadily moving forward.
With the announcement of new investment from Bunge Global Innovation LLC, Cobalt Technologies' n-butanol development is ready for deployment in Brazil. Bunge's commitment follows an earlier agreement with company in the Solvay group.
Stoel Rives LLP has published a new legal guide for the advanced biofuels and biochemical industries. The guide, titled "The Law of Biorefineries and Advanced Biofuels," is designed for entrepreneurs, investors, lenders and developers.
An international federation of biofuels associations has been fighting biofuel's opponents for the past three years.
New property definitions will change tax treatment of certain repairs
Multiple revenue streams lessen impact of ethanol prices
The Renewable Fuels Association will host a free Ethanol Safety Seminar in Fort Worth, Texas on Nov. 29 at the Fire Service Training Center on the northwest campus of Tarrant County College. There will be a day session and an evening session.
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