A lot of biofuel news as well so I have separated them from the Weekly News Roundup. Big announcements include the finalization of Shell and Cosan’s sugar ethanol joint venture and ADM’s palm production investment in Brazil.
Shell and Cosan launch Raizen
Royal Dutch Shell and Brazilian sugar company Cosan formally introduced its ethanol joint venture Raizen. The new company plans to produce over 2.2bn liters/year of sugarcane ethanol from 23 ethanol plants, and to market 20bn liters of fuels to various transportation and industry markets and to its network of over 4.500 service stations. Raizen also owns 16.3% of Codexis’ shares.
Canada launched a national 2% biodiesel mandate in diesel fuel and heating oil starting July 1. Canada aims to reduce its total greenhouse gas emissions by 17% from 2005 levels by 2020. Canada also has a mandate of using an average of 5% renewable content in gasoline.
ADM’s sustainable palm production in Brazil
Archer Daniels Midland (ADM) is investing in a 12,000 hectares of sustainable palm production in the state of Para, Brazil, which will also include construction of a palm processing plant to support ADM’s biodiesel production in the region. Construction of the palm processing plant will start in 2013 and operation is expected to commence in 2016.
INEOS New Planet BioEnergy (INPB), a joint venture between Ineos Bio and New Planet Energy, started construction of the first US facility to produce cellulosic ethanol from yard, vegetative and household waste in Vero Beach, Florida. The 8m gal/year Indian River BioEnergy ethanol facility will start in mid-2012 and will use gasification and fermentation technology.
Solazyme partners with Qantas for biojet fuel
Solazyme is collaborating with Australia-based airline Qantas for potential production of Solazyme’s microbial algae-derived jet fuel Solajet. Current demand for aviation fuel in Australia is estimated by the companies at 6bn liter/year.