Weekly News Roundup

Thank you for making my @ICISgreenblog twitter achieved past the 1000 mark!! I hope to be more active (in twitter and blog) as soon as school is out.

For now, here are this week’s news roundup:

Cargill buys ethanol plant from Tate & Lyle

Cargill has purchased Tate & Lyle’s corn wet mill ethanol plant in Fort Dodge, Iowa, which has the ability to grind 150,000 bushels/day of corn and has the capacity to produce 115m gal/year of ethanol. Cargill said the facility will fit into their bio-product portfolio and plans to replicate their biorefinery success in Blair, Nebraska and Eddyville, Iowa.

Solix secures funding, changes name

Solix Biofuels has secured in excess of $16m for its first part of Series B financing round from investors such as Bohemian Ventures, The Southern Ute Alternative Energy Fund and I2BF Global Ventures. The new funding will drive the commercialization of Solix’s industrial algae growth system, the AGS™. Solix also changed its name to Solix BioSystems.

Agilyx secures $22m funding

Waste plastic-to-oil developer Agilyx has secured $22m funding from new investors such as Waste Management, Kleiner Perkins Caufield & Byers, Total Energy Ventures, and existing investors such as Chrysalix Energy Venture Capital, Saffron Hill Ventures and Reference Capital. Agilyx’s facility near Portland, Oregon is said to be the largest commercially operational waste plastic to synthetic crude oil facility in North America.

ADM forms biodiesel partnership

Archer Daniels Midland (ADM) plans to acquire a soybean crushing and biodiesel facility in Deerfield, Mo., from Prairie Pride, Inc. for an undisclosed amount. ADM will also form a partnership with Prairie Pride for the biodiesel portion of the business. The cooperative Prairie Pride has 21m bushels/year of soybean crushing capacity, producing more than 467,000 tons of soymeal and 30m gal/year of biodiesel.

Interjet Airbus powered by jatropha

UOP LLC said its Honeywell Green Jet Fuel™, produced using UOP process technology, successfully powered an Interjet Airbus A320-214 from Mexico City to Tuxtla Gutierrez, Chiapas.The fuel uses Mexican-sourced jatropha and was blended with traditional petroleum-derived jet fuel to power one of the aircraft’s CFM56-5B4/3 engines manufactured by CFM International.The demonstration flight took place April 1.

Evonik builds green surfactants plant in China

Evonik is building an integrated production plant for organic specialty surfactants based on renewable raw materials at its site in Shanghai, China. With an investment volume in the upper double-digit million range, the production network is scheduled to begin operation in mid 2013. The various specialty surfactants will be used primarily for cosmetics and laundry care products, as well as for industrial applications.

And in ICIS News (requires subscription):

European recycled polyethylene terephthalate (R-PET) prices extended their record highs across all grades, with the exception of mixed coloured flakes, on tight supply and strong demand, buyers and sellers said.

The Polish Chamber of the Chemical Industry (PIPC) is preparing to lobby against the introduction of excessive unilateral greenhouse gas targets during Poland’s upcoming six-month presidency of the EU.

In the past two years, diminished access to venture capital has slowed the commercialisation of biofuel projects, but has been a boon to bio-based chemicals, the Biotechnology Industry Organization (BIO) said.



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