Woodland Biofuels is on track to begin producing cellulosic ethanol early in the year, CEO Greg Nuttall said. The company has made progress as well on the financial front, announcing an investment from the MaRS Cleantech Fund LP.
Propel Fuels has closed on the initial phase of its Series D round of funding with $11 million in equity capital from existing investors and $10 million in debt financing from CapX Partners. The funding will allow Propel to accelerate expansion.
BP Biofuels has announced that it plans to invest $350 million to expand its ethanol processing capacity of Tropical, one of its sugarcane processing ventures in Brazil. The expansion is scheduled to start next year.
The U.S. Energy Information Administration has released its December Short Term Energy Outlook, showing that ethanol production is expected to remain near current levels through mid-2013, but will return to pre-drought levels by the end of the year.
The EU announced it will not oppose a European Commission decision to terminate the anti-subsidy proceeding concerning imports of U.S. ethanol and to terminate the registration of U.S. ethanol importers. An anti-dumping investigation is ongoing.
Flint Hills Resources LLC announced Dec. 7 that it finalized the acquisition of a 115 MMgy Fairmont, Neb., ethanol plant, formerly owned by Advanced BioEnergy LLC. The purchase brings Flint Hills total production capacity to 550 MMgy.
Although ePURE, the European Producers Union of Renewable Ethanol, is happy with the direction things are going with the anti-dumping investigation against imported U.S. ethanol, it isn't commenting specifically on whether duties will be imposed.
Verenium Corp., an industrial biotechnology company focused on the development and commercialization of high-performance enzymes, announced on Dec. 10 the signing of a $22.5 million secured debt financing with Athyrium Opportunities Fund.
Chromatin Inc. announced a successful grain sorghum trial for both a California ethanol producer and new sorghum grower. L and R Mussi Farms of Stockton, Calif., produced 40 acres of sorghum that was harvested and delivered to Pacific Ethanol.
Rex American Resources Corp. recently released the financial results for its third fiscal quarter, the three months ended Oct. 31. While the the price of corn is currently having a negative impact on the company, its CEO predicts a better 2013.
The Renewable Fuels Association and Growth Energy are reacting to news that the European Commission on Dec. 6 issued a general disclosure document containing a proposed ruling on the anti-dumping investigation of U.S. ethanol exports to Europe.
The U.K. Department for Business, Innovation & Skills recently declared the U.K. Green Investment Bank plc open for business. The entity is the world's first investment bank dedicated solely to green investments.
Investors or a buyer are being sought for Amaizeingly Green LP, which produces ethanol, pet food ingredients, livestock feed and fertilizer. The company idled ethanol production in July but is continuing to produce fertilizer and some animal feed.
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.
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