Archer Daniels Midland just announced that it has purchased an oilseed plant in the Czech Republic from ViaChem Group. The plant consists of facilities for crushing oilseeds, refining them and producing biodiesel. In addition to energy, the plant produces oil and meal for the food and feed markets.
In a press release, Brent Fenton, ADM Europe’s managing director, commented on the acquisition:
This acquisition will allow ADM to expand further its leadership position in agricultural … Read the rest
NRG has started to evaluate two biomass crops, switchgrass and high-biomass sorghum at its Big Cajun II plant in Louisiana. The tests are part of an effort to reduce the plant’s carbon footprint by burning less coal. The crops being grown are improved varieties of switchgrass and sorghum designed to grow well in Louisiana’s climate, and are provided by Ceres, Inc.
The first stage of the project consists merely of planting the crops, allowing them … Read the rest
In just a few weeks on December 7th, a secret meeting of world leaders takes place that will undoubtedly go a long way in shaping how we live our lives. .. from the kinds of cars we drive, to how many hours we can run hot water, to how much we pay in electricity bills each month. The COP15 Climate Change conference in Denmark will provide extraordinary profit opportunities in what venture capitalist firm Kleiner … Read the rest
Converted Organics (COIN) is out this morning pumping up its stock, saying that they have received re-orders for its organic granular and liquid fertilizers from a variety of customers. Converted Organics Inc. (NASDAQ:COIN) announced today that the Company has received re-orders for its organic granular and liquid fertilizer products from a wide spectrum of existing customers, including golf courses and country clubs, lawn care professionals, and agricultural growers.
“Our customers report being extremely pleased with … Read the rest
Algae fuel enters the limelight once again. Several we weeks ago, I wrote about Exxon Mobile’s foray into the algae energy space and in the past few days, the first algae fueled car hit the road in a publicity stunt for the film FUEL. The film is a Sundance file winner for best documentary and takes a look at an alternative energy future.
Darling International just announced that it is partnering with Valero Energy to form a joint venture that will manufacture renewable diesel fuel. The plant that the two companies plan to build together, which will be located near Norco, Louisiana, will be able to produce 10,0000 barrels a day or 135 million gallons per year.
The biodiesel plant will use mainly waste grease and fats supplied by Darling as feedstock. The two companies plan to seek … Read the rest
A-Power Energy (APWR) missed earnings estimates by a wide margin once again this morning and the stock is down more than 10% as a result. The company reported an EPS of .14/share which was a big improvement sequentially but down 30% over the year ago quarter. Analysts were expecting .20/share. Revenues also jumped over last quarter (by about 60%) to $57.5 million, but off about 10% from the year ago quarter and missing estimates as … Read the rest
Rentech just announced that its synthetic diesel fuel, RenDiesel, will be used in a special demonstration military vehicle at Selfridge Air Show at Selfridge Air National Guard Base on August 22 and 23rd. According to this press release, Rentech’s fuel will be used in a LASSO all-terrain military vehicle to demonstrate the viability of using synthetic fuel produced from US coal and biomass for military use. … Read the rest
Rentech (RTK) is on a roll. The stock is up another 25% in premarket trading after announcing this morning that they have signed a multi year deal with eight airlines to supply up to 1.5 gallons/year of renewable synthetic diesel (RenDiesel) for ground service equipment operations at the LA Airport (LAX) beginning in about two years
D. Hunt Ramsbottom, CEO of Rentech, said, “This commercial purchase contract among Rentech, ASIG and the airlines validates the … Read the rest
I’ve written about this so many times before and this is perhaps one of the worst examples of a misleading headline. Do a search for GRH and you’ll see one headline saying that GreenHunter Energy (GRH) turns to a profit. Perhaps (I haven’t located the benefit of the one time events the company refers to in its press release) but take a look at the revenue number. They reported $1.7 million in revenue which is … Read the rest
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