Put all ethanol/biofuel stocks on the radar. Today the Obama administration announced the creation of the Biofuels Interagency Working Group and announced $786.5 million in Recovery Act funds for renewable fuel projects.
“We must invest in a clean energy economy that will lead to new jobs, new businesses and reduce our dependence on foreign oil,” said President Obama. “The steps I am announcing today help bring us closer to that goal. If we are to … Read the rest
Green Plains Renewable Energy just scored a $2.1 million grant from the Iowa Office of Energy Independence for a pilot project that aims to use ethanol plant by-products to grow algae. The project would use heat, carbon dioxide and wastewater to grow algae, which could then be added to animal feed or used to produce more biofuels.
… Read the restGreen Plains Renewable Energy has acquired a majority interest in Blendstar, LLC, a biofuel terminal operator from Houston, Texas. Green Plains Renewable Energy paid $9.0 million to Bioverda U.S. Holdings LLC in exchange for a 51% stake in Blendstar. Blendstar already has terminals in several cities, including Oklahoma City, Little Rock, Nashville, Knoxville, Louisville and Birmingham, and plans to build more in the near future.
Todd Becker, Green Plains Renewable Energy’s CEO, commented on the … Read the rest
Green Plains Renewable Energy just announced a third-party marketing deal with Bushmill’s Ethanol, Inc. The company operates an ethanol plant in Atwater, Minnesota which produces about 55 million gallons of ethanol per year. According to TradingMarkets.com, Green Plains Renewable Energy also "claimed it plans to produce, market and/or distribute approximately 635 million gallons of ethanol annually, which is equivalent to approximately 6% of the US’ total ethanol demand."
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
Green Plains Renewable Energy (GPRE) has announced a joint venture with Clarcor (CLC), BioProcessH2O and NTR to form BioProcessAlgae LLC with an aim to commercialize algae biofuels. The join venture company expects to produce algae at Green Plains ethanol plant in Shenandoah, Iowa.
“Algae is potentially a by-product of ethanol that makes the process cleaner and greener through carbon sequestration,” said Wayne Hoovestol, Chief Executive Officer. “Algae production fits into Green Plains’ business model since … Read the rest
After the bell on Friday, Green Plains Renewable Energy reported very good Q3 results as revenues continue to soar. The company still reported a loss of .11/share in the typically weak 3rd quarter but much less than the loss of .40/share in the year ago quarter as revenues surged to over 100 million for the first time in its short history.
“In recent months, there have been extreme fluctuations in commodity markets,” said Wayne Hoovestol, … Read the rest
VBV LLC and it’s subsidiaries, Indiana Bio-Energy, LLC and Ethanol Grain Processors, LLC, have approved a merger with Green Plains Renewable Energy. The next step in the merger is for Green Plains Renewable Energy shareholders to vote on the deal. The shareholder vote is scheduled for October 10th.
Some details about the plan, from Biofuels Journal:
… Read the restPursuant to the terms of the merger agreement, VBV and its subsidiaries will become wholly-owned subsidiaries of Green
Green Plains Renewable Energy, Inc will host a grand opening celebration at its newly completed ethanol plant in Superior, Iowa. The celebration will feature food, refreshments and tours of the new plant, which just opened two months ago. The plant, with its location strategically selected to be near seven grain elevators and other agricultural facilities owned by Green Plains Renewable Energy, is a key part of the company’s strategy to become a vertically-integrated, cost effective … Read the rest