Biofuels news

The Summer of IPOs: Gevo files $150M initial public offering

In New York, biobutanol and renewable chemical developer Gevo, ranked #13 in the 2009-10 "50 Hottest Companies in Bioenergy" by Biofuels Digest readers and international selectors, filed its S-1 registration statement with the SEC for its initial public offering. The IPO intends to raise up to $150 million in an offering led by underwriters UBS Investment Bank, Goldman Sachs, and Piper Jaffray. the announcement follows a $200 million IPO filing this week by PetroAlgae, in an offering led by Goldman Sachs, UBS Investment Bank, Citi, Piper Jaffray, Cowen & Co, and Baird. Among concerns raised for PetroAlgae: the generally weak IPO market, and the absence of revenues for the development-stage company.

13  August  2010

World Bank reverses: "The effect of biofuels on food prices has not been as large as originally thought."

In Washington, a newly released report from the Development Prospects Group at the World Bank, "Placing the 2006/08 Commodity Price Boom into Perspective", concludes that "...the effect of biofuels on food prices has not been as large as originally thought, but that the use of commodities by financial investors (the so-called "financialization of commodities") may have been partly responsible for the 2007/08 spike."

3  August  2010

«UkrAgroConsult-Black Sea Grain»: quality of Ukrainian wheat will be lower this year

Commodity Market Analyst «UkrAgroConsult» notes that in June and the first half of July the conditions for the ripening and harvesting of the early grain crops significantly deteriorated. The mid-June heat fell on the period of formation and ripening of grains.

22  July  2010      Комментарии: 1

Ethanol, Methanol. MTBE prices

Methanol RU - USD 262\MT

Prices mtbe - ARA - USD 750-770 \MT, RU - USD 870\MT

7  June  2010

Russia's gross grain harvest to be at 95-97 mln tons in 2010 - ministry

Experts have forecasted that Russia's gross grain harvest in 2010 will be at the level of 2009, or at about 95-97 million tonnes. In 2009, Russian farmers harvested 97 million tonnes of grain, an official at the Russian Agriculture Ministry reminded on Tuesday.

23  May  2010      Комментарии: 1

Russia seeks ways to dispose grain stocks

Russian budget suffers huge losses because of the surplus of grain the state granaries have to keep, Moscow's business daily Kommersant reported on Wednesday. Prime Minister Vladimir Putin ordered his deputy Victor Zubkov "to think about the very daring ideas" on where to dispose those excessive stocks. The keeping of grain stocks costs federal budget nearly 1 billion rubles (about 30 million U.S. dollars) per month.

23  May  2010

Belarus, Azerbaijan to sign science and technology agreement

Several bilateral documents were signed during the National Exhibition of Belarus which was recently held in Azerbaijan. These include the protocol of intent between Belarusian State University and Silvesberg engineering consulting service. The sides expressed their interest in cooperation in biofuel production, microwave technologies in agriculture and production of sorbents for gathering accidental oil spills. Belarusian State University and Baku State University of Azerbaijan signed memorandum of cooperation. The memorandum envisages partnership in scientific and education areas, including exchange of students, teaching stuff and scientists.

23  May  2010      Комментарии: 1

COUNTRIES SET INDICATORS FOR BIOENERGY

According to ANBA: A global initiative has started defining indices and criteria for the development of the biofuel sector worldwide. Representatives of the G8, the group that includes Canada, France, Germany, Italy, Japan, Russia, the United Kingdom and the United States, together with some developing nations, like Brazil and Sudan, have met in Tunis, the capital of Tunisia, to establish criteria for sustainability that may become a reference in public policies in the area of bioenergy. The meeting began on Wednesday (5th) and ends tomorrow. The meeting is promoted by the technical group of the Global Bioenergy Partnership (GBEP), an initiative of the G8. Brazil is represented by the Sugarcane and Agribusiness director at the Ministry of Agriculture, Alexandre Strapasson. According to him, the talks progressed significantly in Tunis, but the list of indices should not be concluded.

12  May  2010

Parliament of Kazakhstan adopted a law on state regulation of production and turnover of biofuels

/IRBIS, April 29, 2010/ - Today Senate of the Parliament of the Republic of Kazakhstan at the plenary meeting has approved the first reading draft laws "On state regulation of biofuel production and trafficking" and "On introducing amendments and addenda to some legislative acts of the Republic of Kazakhstan on state regulation of production and Traffic in biofuels, "the press service of the upper chamber of parliament of Kazakhstan.

5  May  2010

Russia should replace usual fuel with bio fuel soon

The bio fuel will replace the mineral resources to produce the fuel in the future. The bio fuel development entered the stage of commercial application, a leading Russian chemist, Academician Ilya Moiseyev said at a meeting of the Russian Academy of Sciences (RAS) presidium here on Wednesday. Currently, the methods to turn the biomass into ethanol and motor fuels are under development. Bacteriae are playing the role of major reprocessing agents.

2  April  2010      Комментарии: 1