BP just announced that it will be collaborating with Martek Biosciences Corp to develop technologies that use microbial oils to convert sugars into biodiesel, according to UPI.com. Currently, most biodiesel is made from some type of natural fat or oil, whether it is animal or vegetable in origin. Sugars are usually fermented to produce ethanol. The process that BP and Martek are working on would use sugars to create biodiesel, a process that is … Read the rest
Category Archives: Biofuels
Converted Organics (COIN) Announces 50% Revenue Increase
Shares of Converted Organics (COIN), which continue to look bullish, are up another 10% in premarket trading following a press release from the company stating that their revenues for the first half of 2009 are tracking 50% higher than the year ago period.
“Converted Organics is very pleased that our revenue continues to increase as a result of our achievements to date this year, specifically sales from our Gonzales, California facility and the progress made … Read the rest
China Bio Energy (CBEH) Beats Estimates, Reaffirms 09 Outlook
China Bio Energy (CBEH) reported earnings today and the company beat on both EPS and revenues. EPS came in at .25/share vs the expectations of .19/share (matching the year ago quarter) on revenues of $65.2 million which was a 12% increase over the year ago quarter. After an initial pop in the stock this morning, it’s off the highs. Not too surprising considering the run it’s had over the past few weeks.
The increase in … Read the rest
Rentech (RTK) Vaults Over 50% After Reporting Record Earnings
Wow, what a week for Rentech (RTK). The company announced late last week that their synthetic fuel was approved for use in jet fuel and this morning they’re announcing record quarterly profits of .22/share on revenues that surged 50% over the year ago quarter to $91.4 million, sending the stock soaring again over 50%. The company is attributing the record quarter to higher product pricing and favorable weather conditions and now expects that EPS will … Read the rest
Rentech (RTK) Soars On News Its Synthetic Fuel Has Been Approved For Commercial Aviation
Over one month ago, I posted here that Rentech (RTK) was approaching final approval for use of its synthetic fuel in commercial aviation. It seemed at the time that the news would be enough to send the penny stock soaring, but it appears traders were waiting for final approval. Today, the stock was launched into orbit, doubling in price right at the open, but gave back much of the gains and closed up less than … Read the rest
What’s Up With Converted Organics (COIN)?
Yesterday Converted Organics (COIN) soared nearly 50% with near record volume with no news (at least that I have been able to find). Perhaps the news will come out later. There is news out this morning that customers are seeing positive results with their organic fertilizers and placing additional orders which insiders may have acted on. Hard to say. At any rate, the move is exceptionally bullish as the stock cleared the 50 day moving … Read the rest
Lawsuit Against Greenhunter Energy (GRH) Dismissed
A lawsuit filed against Greenhunter Energy in Kansas has been dismissed. The lawsuit was filed by ethanol producer Orion Ethanol, Inc in June, 2008.
In a company press release, Gary C. Evans, Greenhunter’s Chairman, President and CEO, commented on the dismissal:
“Since this lawsuit was filed over a year ago against our companies and our largest institutional shareholder, we have vigorously denied all the allegations in the lawsuit and stated that this litigation was … Read the rest
BP (BP) & Verenium (VRNM) Cellulosic Ethanol Venture To Be Named Vercipia Biofuels
The joint venture between BP and Verenium (VRNM) to develop commercial scale cellulosic ethanol will be named Vercipia Biofuels and headquarters will be located to Highlands County, Florida the companies have announced. A second site is being developed in the Gulf Coast region.
“I continue to be pleased and enthusiastic with the progress our joint venture – Vercipia – has made in only a few short months, and I look forward to a highly productive … Read the rest
Speculative Algae Biofuel Play: OriginOil (OTC:OOIL)
The Exxon algae biofuel news of last week certainly created a nice headline for the industry, generating awareness and interest in a green energy solution that is far away from fueling our cars, but may one day be a key component to eliminating our need for foreign oil. The following post by GreenChipStocks.com has been republished with permission and highlights one speculative algae biofuel play that could yield big time profits for the patient investor. … Read the rest
Exxon Makes Big Bet On Algae Biofuel With Craig Venter’s Synthetic Genomics
Ok, $600 million for Exxon is pocket change, but for most companies it’s a big investment, particularly when you’re discussing algae biofuels. Exxon announced today they’ll put in $600 million over five years in a partnership with privately held Synthetic Genomics to develop transportation fuels from algae. As an interesting side note, Synthetic Genomics was founded in part by Craig Venter who was instrumental in mapping the human genome and has been listed by … Read the rest