Pacific Ethanol just announced that it is once again producing ethanol at its Magic Valley facility in Idaho. The plant hasn’t been in production since February 2009, when unfavorable market conditions caused Pacific Ethanol to shut it down. The company received approvals from the court handling its bankruptcy petitions and from its lenders to restart production at the plant in December, and now it is up and running again.
In a press release, Neil … Read the rest
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
Struggling ethanol producer Pacific Ethanol just announced that it plans to start making ethanol again. According to this press release, the company plans to bring its Magic Valley plant in Idaho back online for the new year. The plant, capable of producing 60 million gallons of ethanol annually, should be back up and running in January 2010, as long as the bankruptcy court approves.
Pacific Ethanol says that market conditions for ethanol production have … Read the rest
Sunoco just announced that it has finished purchasing an ethanol plant in Volney, New York. The plant is capable of producing 100 million gallons of ethanol each year, and will meet approximately 25% of Sunoco’s expected ethanol needs. Sunoco bought the facility from Northeast Biofuels for $8.5 million. The location of the plant was an important consideration in the purchase, as it is close to most of Sunoco’s retail gasoline locations.
In a company press … Read the rest
Green Plains Renewable Energy just announced that it has signed agreements to buy 2 Nebraskan ethanol plants. By purchasing these plants, Green Plains Renewable Energy will be able to produce 480 million gallons of ethanol each year, 45% more than it currently produces. It will also become the 4th largest US ethanol producer. The company will pay $123.5 million for the plants. The deal is being financed by AgStar Financial Services, and Green Plains Renewable … Read the rest
It was just days ago that the government announced its intention to revive the biofuels industry with the formation of the Biofuel Interagency. The help couldn’t come any faster for Pacific Ethanol (PEIX), the largest ethanol producer on the West Coast. While the company itself didn’t file bankruptcy, it did place four of its production plants in Chapter 11 bankruptcy protection which had defaulted on about a quarter of a billion in debt. Ethanol producers … Read the rest
By Sam Hopkins
Get your Free Cleantech Report Today!
The global clean energy puzzle has more than one piece. . .
So today, let’s take a look at the pivotal pros and cons of renewable energy investing in different regions of the world.
As we check out the challenges as well as the opportunities in each place, we gain a more integrated view, and our investment choices can be honed.
North America
Pro: … Read the rest
By considering a low-carbon fuel initiative, California has managed to anger ethanol producers and petroleum companies in one fell swoop. The California Air Resources Board is debating the implementation of new fuel standards that would require the state to reduce the carbon content of its fuels by 10 percent. The deadline for accomplishing this feat would be 2020.
Oil producers are upset at the proposed rules because they do not believe that there will be … Read the rest
Are you in the market for an ethanol plant? VeraSun Energy Corporation just announced that it is auctioning off seven of its ethanol plants. The plants, which VeraSun acquired when it merged with US BioEnergy, are capable of producing 640 million gallons of ethanol per year. VeraSun will auction them off between March 16th and March 31st. … Read the rest
Green Plains Renewable Energy just announced that it will work with several other companies to begin producing biodiesel and ethanol from algae. Other companies involved in the venture include Clarcor Inc, a filtration products manufacturer from Tennessee; BioProcessH20 LLC, a photobioreactor and filtration system developer that will license the advanced photobioreactor technology used in converting the algae to fuel and NTR PLC, a company based in Ireland.
According to Ethanol Producer Magazine, "The size, scope … Read the rest