Argus Biofuels & Feedstocks 2016
October 18-20, 2016 - London UK

Gates cuts investment in Pacific Ethanol

According to a filing May 5 with the U.S. Securities and Exchange Commission, Microsoft Corp. Chairman Bill Gates has reduced his holdings in Pacific Ethanol Inc. to 9.5 million, down from 10.5 million, out of 41.8 million shares outstanding. As a result, Gates' stake is reduced from 21 percent, or 10.5 million shares, to 18.5 percent in the Sacramento, Calif.-based corn ethanol producer and marketer.READ MORE

Business Week report: Is ethanol getting a bum rap?

Ethanol producers following the media war on corn ethanol will want to read the May 1 Business Week article by John Carey, titled "Is Ethanol Getting a Bum Rap?" A month after Time magazine bashed biofuels in a report on deforestation in Brazil, the Business Week article sought out a number of different voices not heard in previous articles relating to the subject. Carey's article states there are good biofuels and bad biofuels, but corn ethanol "isn't quite the villain critics make it out to be."READ MORE

Ohio governor signs renewable energy bill

Ohio Gov. Ted Strickland signed into law May 1 an energy bill designed to move the state positively forward using renewable energy.READ MORE

GPRE to merge with VBV LLC and its subsidiaries

Green Plains Renewable Energy Inc. and VBV LLC, with its subsidiaries, have entered into a definitive merger agreement. Upon closing, the combined company would fall under the GPRE name and have an expected combined operating capacity of 330 MMgy.READ MORE

Verenium reports strong first-quarter earnings

Cambridge, Mass.-based Verenium Corp., a pioneer in the development of cellulosic ethanol production and high-performance specialty chemicals, posted total revenues of $15.2 million for the first quarter of 2008, compared with $11.3 million the same quarter a year ago.READ MORE

The Andersons posts first-quarter results

The Andersons Inc. posted a net income of $7.8 million on revenues of $713 million for the first quarter of 2008 ending March 31, compared with a net income of $9.2 million on $707 million on revenues the same quarter a year ago. The company's Grain & Ethanol Group took a hit during the quarter, reporting operating income of $2.2 million, which was significantly less than the same quarter in 2007, which was $10.2 million.READ MORE

Aventine posts first-quarter loss

Excluding a $21.6 million noncash impairment charge for auction-rate securities, ethanol producer and end-to-end marketer Aventine Renewable Energy Holdings Inc. posted a first-quarter loss of $10.8 million versus a gain of $14.9 million the same quarter a year ago.READ MORE

GM, Marathon invest in cellulosic ethanol's future

The world's largest automaker General Motors Corp. is partnering with Mascoma Corp. to develop cellulosic ethanol using Mascoma's patented single-step consolidated bioprocessing method.READ MORE

WASDE: Corn ethanol use projected to increase

The USDA is projecting that ethanol use for the upcoming crop year will be up 33 percent from last year, projected at 4 billion bushels in the May 9 USDA World Agricultural Supply and Demand Estimates report. The slowing pace of plant construction and expansion, as well as lower capacity utilization, are expected to modestly dampen growth in ethanol corn use.READ MORE

U.S. representatives discuss RFS; senators request RFS waiver

The U.S. House Subcommittee on Energy and Air Quality Hearing met May 6 to discuss issues, implementation and opportunities for the new renewable fuels standard. The Energy Independence & Security Act of 2007, which was passed and signed into law in late December, increased the renewable fuels standard (RFS) to 36 billion gallons per year by 2022.READ MORE
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