PHOTO: LALLEMAND BIOFUELS & DISTILLED SPIRITS
May 30, 2018
BY Jim Miers
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Novonesis, formerly Novozymes, released third quarter financial results on Nov. 7, reporting company-wide sales growth of 11%. The company’s Agriculture, Energy & Tech segment reported 12% growth supported by strong ethanol production volumes.
Blue Biofuels has officially contracted with Global Management Partners to produce Front-End Loading (FEL-2) level engineering plans for a production facility capable of producing 3 million gallons of biofuel per year from cellulosic biomass.
Gevo Inc. released Q3 financial results on Nov. 7, discussing the impact of the conditional commitment for its DOE loan guarantee and confirming the company’s acquisition of Red Trail Energy remains on track to close in early 2025.
Alto Ingredients Inc. on Nov. 6 released Q3 financial results, announcing an agreement with Vault 44.01 related to a CCS project in Illinois and indicating the company is considering idling its Idaho ethanol plant in response to falling margins.
U.S. operable biofuels capacity was at 24.9 billion gallons per year in August, down slightly from the previous month, according to data released by the U.S EIA. Feedstock consumption was up when compared to the previous year.