biodiesel
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REG enters industrial biotech with LS9 acquisition
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I just finished listening to the conference call of this unexpected news about US biodiesel company, Renewable Energy Group (REG), acquiring LS9 for a purchase price of up to $61.5 million in stock and cash. Perhaps, this news could be the signal of further consolidation within the renewable chemicals industry? REG plans to expand into…
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U.S. Soy Demand Gets Boost from Biodiesel
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According to research commissioned by soybean farmers in Minnesota, Nebraska, North Dakota and South Dakota through their state soy checkoff boards, biodiesel contributed to a $15 billion increase in soybean-oil revenues between 2006 and 2012. Over that time period, this raised the price of soybeans by 74 cents per bushel. Soy-checkoff-funded research on biodiesel’s environmental…
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NYC’s biodiesel demand to rise
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New York City’s Mayor Michael Bloomberg has signed a new law that will utilize a 5% blend of biodiesel in the city’s vehicle fleet beginning next year, and increasing to 20% in the near future. The measure, introduced by Councilman Jim Gennaro, codifies the city’s existing use of biodiesel blends in the city’s fleet of…
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Biofuel news roundup
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Too many biofuel news!! It’s driving me nuts. Thank goodness I don’t focus on this industry as much or I won’t get any work done on my consulting gig for Tecnon OrbiChem. Still, the technologies and feedstock between biofuels and biobased chemicals are always intertwined so the blog always needs to pay attention to this…
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Diamond Green Diesel lowers biodiesel output
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Diamond Green Diesel (DGD), Darling International’s biodiesel joint venture with Valero Energy Corporation, has announced lowered output at its recently started biodiesel facility in St. Charles, Louisiana to 5,000-7,000 bbl/day until mid-October. DGD is replacing a heat exchanger to improve the plant’s reliability under actual process conditions. DGD will continue to operate during the replacement…