Archer Daniels Midland just announced that they have received a $24.8 million grant to build a biomass plant that will convert waste into fuel ethanol and ethyl acrylate. The refinery will use a step called pretreatment that will also be used in ADM’s ongoing biocrude production efforts.
In a press release, Dr. Todd Werpy, vice president, Biofuels and Biochemical Research, commented on the news:
“By helping reduce the financial risk inherent in this kind of … Read the rest
According to this press release, A-Power will be building a 150 megawatt biomass plant in Thailand. The company has signed an agreement with Thailand’s Biomass Electricity Co., Ltd regarding the plant. Under the $86 million contract, A-Power will design the plant, which will be built in Prachinburi, Thailand. A-Power will also obtain and install the three main engines for the plant and will be the general contractor for the civic engineering system, the chemical … Read the rest
Rentech (RTK) has had a great few months on a flurry of good news, but tonight the good news streak comes to an end. The company reported a big plunge in revenues from the year ago quarter due to the weak economy and lower corn prices. The company reported just $24.7 million in revenues, representing a 75% plunge from the year ago quarter. The EPS loss matched the year ago quarter at -.03/share.
The … Read the rest
Archer Daniels Midland just announced that is has received a $24.8 million grant from the Department of Energy to build a $36 million biofuels plant in Decatur, Illinois. The plant will focus on advancing biofuel technology.Construction should start next year and be completed by 2012. The remaining funding not covered by the grant will be drawn from private sources.
In a press release, Todd Werpy, ADM’s vice president of Biofuels and Biochemical Research, commented … Read the rest
Rentech (RTK) is up in premarket trading about 7% on news that along with ClearFuels Technology will receive up to $23 million in government funds to construct a biomass gasifier at a Rentech facility in Denver. The 20 ton per day ClearFuels gasifier will produce synthetic fuel from sugar can, wood waste and other cellulosic feedstocks. Knowledge from this test project will help the companies develop commercial scale facilities in the future. ClearFuels (in which … Read the rest
What started out as a shaky day for A-Power Energy (APWR) has turned into a great day. The stock is surging off the lows of the morning after missing analyst expectations and has announced two new deals. The first was the construction contract with Tieling Cement and now the company is announcing it has signed an agreement with Pakistan Amraas Intl to construct and operate two 25MW biomass power plants as well as a geothermal … Read the rest
I’m not doing a good job of keeping up with all this news this morning.. I expected a slow morning and slept in! You east coasters have it way too easy. I’m all in favor of the market opening at 12pm EST :0
Big news hitting me left and right today. Rentech (RTK) is skyrocketing today on news that they will work with Australia’s Syngas Limited to help develop the Clinton Project which is a … Read the rest
Rentech (RTK) is announcing this morning that they have signed a non-binding memorandum of understanding (MOU) with Beach Petroleum today to explore the development of a commercial scale manufacturing facility using Rentech’s technology to produce synthetic fuels from synthesis gas derived from Beach Petroleum’s gas resources.
Rentech’s proprietary technology converts syngas from fossil and biomass resources into hydrocarbons that can be refined into cleaner, synthetic fuels. Beach Petroleums expansive reserves in the South Australian Copper … Read the rest
Xcel’s plans to convert their Bay Front power plant to biomass have received the seal of approval from the Public Service Commission of Wisconsin. The plant, which will be powered by wood biomass from nearby tree harvests, will be the largest biomass-fueled power plant in the Midwest. The power plant should be converted completely to biomass by 2012.
In a company press release, Mike Swenson, the president and CEO of Northern States Power Company-Wisconsin, … Read the rest
Production has started at BioProcessAlgae, LLC’s (a joint venture between Green Plains Renewable Energy, water filtration group CLARCOR Inc, BioProcessH2O LLC and NTR plc) Phase I photobioreactor pilot project. Algae production has started, and the company will begin gathering data over the next 4 months to determine how well the technology being tested will scale commercially.
In a press release, Todd Becker, President and Chief Executive Officer of Green Plains Renewable Energy, commented on … Read the rest