U.S. DOE FINALIZES LOAN AID FOR POET ETHANOL PLANT
WASHINGTON, Sept 23 (Reuters) - Private U.S. ethanol maker POET said on Friday the Department of Energy has finalized approval for $105 million in loan aid for building a cellulosic ethanol plant to make fuel from corn waste.
The Obama administration has been under fire from Republicans who say it missed key warning signs before the DOE issued loan aid for the start-up solar company Solyndra, which went bankrupt.
BRAZIL CANE INVESTMENT BUBBLES BUT STILL NOT BOILING
SAO PAULO, Sept 23 (Reuters) - Investments in the expansion of Brazil's sugar and ethanol industry have resumed and could pick up in 2012 as some groups dust off projects that had been shelved in the wake of the 2008 credit crisis and as inquiries into abandoned projects rise.
A few deep-pocket groups have recently announced expansion plans for mills and, although projects are just a shadow of those seen prior to the crisis, they should put an end to a long hiatus in this kind of investment.
U.S. HOUSE BILL WOULD LOWER MANDATE TO USE ETHANOL
WASHINGTON, Sept 22 (Reuters) - Legislation was being drafted in the U.S. House of Representatives that would reduce the federal mandate to use fuel ethanol when corn supplies are tight, a congressional staff worker confirmed on Thursday.
The staffer said a bill was under consideration but declined to discuss details.
FULCRUM BIOENERGY FILES FOR IPO OF UP TO $115 MLN
Sept 22 (Reuters) - Biofuel producer Fulcrum BioEnergy Inc filed with U.S. regulators on Thursday to raise up to $115 million in an initial public offering of common stock.
In a filing with the U.S. Securities and Exchange Commission, the company said UBS Investment Bank will underwrite the offering.
U.S. ETHANOL OUTPUT FALLS 8,000 BARRELS PER DAY
Sept 21 (Reuters) - U.S. ethanol production fell nearly 1 percent last week as gasoline demand dipped, limiting blender consumption.
The Energy Information Administration said on Wednesday that U.S. ethanol production totaled 871,000 barrels per day in the seven days to Sept. 16, down 8,000 barrels per day, or 0.9 percent, from the previous week.
No comments:
Post a Comment