There have been sooo many biofuel news last week, I decided to separate them from the blog’s weekly news roundup…
India’s petroleum firm IndianOil and LanzaTech will collaborate to demonstrate fuel grade ethanol production in the region using LanzaTech’s gas fermentation technology. The collaboration will enable the parties to accelerate techno‐economic and feasibility analyses.
Valero in cellulosic ethanol
Oil refiner Valero Energy proposes to invest up to $50m of equity to finance the construction of Mascoma’s commercial scale wood-based cellulosic ethanol biorefinery slated to break ground in Kinross Charter Township, Michigan, this year. The biorefinery will produce 40m gal/year of cellulosic ethanol to be covered by the off-take arrangement with Valero.
Woodland Biofuels bags financing
Woodland Biofuels closes a common equity investment as part of a $12m demonstration plant financing to produce cellulosic ethanol from any type of biomass. The plant will be located at the Bioindustrial Innovation Center in the University of Western Ontario’s Sarnia-Lambton Research Park.
Flint Hills buys ethanol plants
Flint Hills Resources Renewables will buy ethanol plants located in Iowa Falls and Fairbank, Iowa from Hawkeye Renewables in an all cash transaction. The transaction will close in the first quarter of 2011.
Green Plains Renewable Energy signed an asset purchase agreement with Otter Tail Ag Enterprises, LLC to acquire its 55 million gallon per year capacity dry-mill ethanol plant near Fergus Falls, MN. If completed, the acquisition would increase Green Plains’ ethanol production capacity by approximately 8% to 712m gal/year.
Fulcrum BioEnergy has entered into a 15-year feedstock supply deal with Waste Management of Nevada for the delivery of post-sorted municipal solid waste to Fulcrum’s 10.5m gal/year Sierra Biofuels plant, which is expected to produce ethanol as well as renewable electricity and propanol in late 2012.