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Make it Here, Bank it Here: biofuels’ economic impact spurs expansion
As President Obama orders a sweeping increase in the USDA’s BioPreferred Program, new research suggests a $80 billion US financial gain that results from domestic fuels and bio-based products over the next 10 years. In Washington, President Obama issued a Presidential Memorandum yesterday directing the Federal Government to take decisive steps to dramatically increase the [...]
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Ethanol producers slip into the red in January: report
In Iowa, ethanol producers averaged 11 cents per gallon in the red in January according to new figures from Iowa State University’s extension service. Ethanol plants paid an average of $6.19 per bushel of corn compared to $3.60 per bushel two years earlier. Operating margins during December, 69 cents in November, 42 cents in October [...]
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Arcis Resources, Cetna aim for advanced biofuels partnership in California
In Alabama, Arcis Resources has entered into marketing and distribution partnership discussions with Cetna Energy Partners to Cetna’s biofuel product that will be produced at its’ thermochemical biofuels production facilities currently under development in California. As the plan unfolds, the companies anticipate that Cetna will produce over 3.5 million gallons per year of liquid fuels [...]
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Alaska Airlines says $17 per gallon aviation biofuel, logistics, limited biofuels trial
In Washington state, Alaska Airlines said its decision to use 20% biofuel during its 75-flight biofuel commercialization program was limited to 20% because of lack of supply. With the fuel produced in Louisiana from used cooking oil, refined in Texas and sourced by a broker the Netherlands, the supply chain was very difficult. Beyond that, [...]
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Solazyme reports revenues up in 2011, focus on capacity building for 2012
In California, Solazyme announced fourth quarter revenues of $14.9 million and a loss of $15.6 million, and total 2011 revenue of $39.0 million and a 2011 loss of $54.0 million. In 2010, the company recorded $38.0 million in revenue including $23.2 million in Q4. The company ended the year with $244 million in cash and [...]