VeraSun Energy announces increased revenues

Source: Biofuels International
 
VeraSun Energy, one of the US’ largest ethanol producers, has announced its financial results for the three months ended June 30 2008, showing a 499% increase in revenues over Q2 2007, to $1.015 billion (€682 million).
 
The company also generated earnings of $.15 per diluted share. EBITDA for Q2 2008 increased to $73 million, [...]

PetroVietnam sets up biofuels subsidiary

Source: Biofuels International
 
The cassava-based ethanol will be sold at Vietnamese petrol stations
PetroVietnam is setting up a new company to manage its biofuel production and distribution.
 
The new company, PetroVietnam Biofuel Joint Stock, will have an initial capital of about $2.7 million (€1.8 million).
 
The new company will produce ethanol from cassava. The output will be blended [...]

St1 to produce bioethanol from waste

Source: Biofuels International
 
Finland-based energy company St1 and independent petroleum company Marquard & Bahls will establish a joint venture to produce bioethanol from waste in Europe.
 
The final agreement is expected at the beginning of next year. The parties are planning to establish a company to use St1’s Etanolix-technology to produce bioethanol from waste in Germany, [...]

Basic Energy eyes ethanol plant project

Source: Biofuels International
 
Basic Energy, formerly Basic Petroleum, is partnering with Metro Pacific Investments Corp (MPIC) for a P6-billion (€90 million) ethanol project in the Philippines.
 
The two companies are assessing plans for a joint venture company that will engage in the production of ethanol and other alternative fuels.
 
A due diligence study is now being conducted by [...]

Nexterra biomass gasification ready to displace fossil fuels in lime kilns and boilers

VANCOUVER, Aug. 18, 2008 (PRNewswire) – After two years of biomass gasification testing at the company’s Product Development Centre in Kamloops, BC, Nexterra Energy Corp. (www.nexterra.ca) has confirmed that renewable synthesis gas, or “syngas”, produced by its gasifier has the ability to displace at least 60 per cent of fossil fuels used in lime kilns. [...]

PetroVietnam moves into biofuels

 
TheBioenergySite News Desk
Wednesday, August 13, 2008
VIET NAM – The Vietnam National Oil and Gas Group (PetroVietnam) has announced the formation of a biofuel production and distribution company.
The company will produce ethanol from cassava. Domiciled in Binh Son District, in the central province of Quang Ngai, the PetroVietnam Biofuel Joint Stock Company will have a charter [...]

Current CPO price conducive for biodiesel says Minister

13 August 2008
Bernama – Malaysian National News Agency
The current crude palm oil price (CPO), which is hovering at RM2,500 per tonne, is conducive to introduce biodiesel in the country, according to Plantation Industries and Commodities Minister Datuk Peter Chin Fah Kui.
Chin said the current price was similar to that of a tonne of diesel imported [...]

China warming to non-grain biofuels but supply issues dowsing interest

 
13 August 2008
China Energy Newswire
Shanghai. August 13. INTERFAX-CHINA – China’s ban on new grain-based biofuel projects has done little to curb interest and research into biofuels, though obstacles such as bottlenecks in supply and sourcing of feedstock remain, industry insiders told Interfax recently.
In March this year, China National Cereals, Oils and Foodstuffs Corp. (COFCO), China’s [...]

Japan Biofuels Supply has signed a contract with Lyondell Chemical

 
14 August 2008
Japan Chemical Week
Japan Biofuels Supply has signed a contract with
Lyondell Chemical of the US to supply Japan Biofuels with bio-ethyl tertiary butyl ether starting 2010. The move is to secure stable supply of bio-ETBE for provision to domestic petroleum companies for the production of biogasoline and to help Japan’s oil industry achieve its [...]

US Energy Dept. awards Flambeau River BioFuels $30M grant

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