Advanced BioEnergy LLC has announced plans to sell its Fairmont, Neb., ethanol plant to Wichita, Kan.-based Flint Hills Resources. The transaction is expected to close later this year and is subject to regulatory approval.
LanzaTech has closed on $15 million in debt financing from Western Technology Investment, a private investment firm based in Silicon Valley, that has provided more than $3 billion of debt and equity capital to technology and life science companies.
The McGraw-Hill Companies have announced that Platts, a McGraw-Hill division, has signed a definitive agreement to acquire Kingsman SA, a Switzerland-based provider of price information and analytics for the global sugar and biofuels markets.
Two new studies were released this week, highlighting the positive effects the renewable fuel standard (RFS) has had in Minnesota and Ohio. Each provides an overview of the economic benefits ethanol production has created for the local economy.
Biofuel Energy Corp., which owns two 110 MMgy ethanol plants, has idled one of its plants and revealed in a U.S. Securities and Exchange Commission filing that it had missed a $3.6 million debt payment for principal and interest on a loan.
There are two ethanol firsts at the new Tampa Gateway Rail terminal in Florida. The Port of Tampa now has the nation's first ethanol unit train-to-refined productions pipeline and Florida's first on-dock unit train intermodal container capability.
The California Advanced Energy Coalition has proposed immediate action by the California Air Resources Board to adjust its fuel regulations to accommodate E15. By allowing E15 sales, CARB could reduce California gasoline prices immediately.
The 2012 Georgia Life Sciences Industry Analysis was recently released. The analysis, titled "Shaping Infinity," shows that one out of every 40 jobs in Georgia is tied to the life sciences industry, which includes the biofuel sector.
Poet CEO Jeff Lautt and Growth Energy's Vice President of Development Kelly Manning have presented Sen. Tim Johnson, D-S.D, with the "Fueling Growth" award for his exceptional support of the ethanol industry.
General Motors and Ford Motor Co. have made it official. New models vehicles are ready to run on E15. The Iowa Renewable Fuels Association says the move is an important step forward for the E15, and has extended a thank you to both companies.
People, Partnerships & Deals
Cellulosic ethanol is arriving, with commissioning under way and more than 100 MMgy under construction.
Six Danish technologies combine to shape proposed integrated cellulosic ethanol project
The board of Patriot Holdings LLC, has continuously monitored and evaluated the ethanol industry in the course of developing its strategic plan for the future. In June, Patriot retained Ascendant Partners Inc. to assist it gathering facts and data.
Lights, camera, action! Automotive Expert and Car-Talk Host Bobby Likis is packing up the Car Clinic state-of-the-art show trailer with full crew and is hitting the road to the CARS Congress of Automotive Service & Repair (CARS) event.
Lux Research has released its list of top 10 innovative companies profiled during the third quarter of 2012. The list includes cellulosic sugar manufacturer Sweetwater Energy Inc. The top 10 companies were selected from 370 companies.
Abengoa Bioenergy of Illinois LLC, an 88 MMgy corn ethanol plant in Madison, Ill., is being temporarily idled for maintenance. Chris Standlee, executive vice president for Abengoa Bioenergy, said that he doesn't expect the shutdown to be long term.
In California, Los Angeles County is taking action to support the development of technologies to convert landfill waste into biofuels and biopower. The county's Board of Supervisors voted to advocate for waste-to-biofuel and waste-to-energy projects.
The Andersons Inc. recently announced it has signed a definitive agreement to purchase substantially all of the assets of Mt. Pulaski Products LLC. The transaction, which remains subject to certain conditions, is anticipated to close in late 2012.
Neill McKinstray is the new chairman of the Renewable Fuels Association's board of directors. He is president of the ethanol group at The Andersons Inc. The RFA chose new officers at its annual membership meeting last week in Omaha, Neb.
For the second time in three months, Pacific Ethanol Inc. raised more than $10 million in a public offering of common stock. Both times, the company raised the amount in less than a week. The latest public stock offering was announced Sept. 20.
The U.S. Energy Information Administration published its most recent monthly statistics on the ethanol industry on Sept. 26. The report is part of the EIA's Monthly Energy Review. The data shows a slight increase in production over last year.
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