UK BOOSTS SUPPORT FOR MARINE, BIOMASS POWER
LONDON, Oct 20 (Reuters) - Britain proposed to more than double financial support for its nascent marine energy industry on Thursday as well as provide additional subsidies for biomass generation, while cutting rates for more mature technologies such as wind and hydro power.
The policy changes lifted share prices at biomass developer Drax as high as nearly 16 percent, while prompting utility Centrica to say it would put two offshore wind projects under review.
PROPOSAL TO KILL ETHANOL PUMP AID DIES IN SENATE
WASHINGTON, Oct 19 (Reuters) - A proposal that would have stopped subsidies for new gas station pumps to boost ethanol sales failed to make it into the Senate's version of the U.S. Agriculture Department's fiscal 2012 budget on Wednesday.
The measure, proposed by U.S. Senator John McCain as a way to trim federal spending, would have prevented the USDA from offering grants and loans for rural gas stations to install "blender pumps."
US ETHANOL OUTPUT UP 5.6 PCT AFTER SLOWDOWN
Oct 19 (Reuters) - U.S. ethanol production rose more than 5 percent last week in a bounce back from slowed output tied in part to fall maintenance at Midwestern plants.
The Energy Information Administration reported Wednesday that U.S. ethanol production totaled 908,000 barrels per day in the seven days to Oct. 14, up 48,000 barrels per day from the previous week.
NEW VENTURE BENRI TO RATE BRAZIL SUGAR-ETHANOL MILLS
SAO PAULO, Oct 19 (Reuters) - Brazilian joint venture BENRI plans to rate sugar and ethanol mills on efficiency, a new service for the sector that is expected to improve performance of mills and the terms of credit they receive from banks.
BENRI, short for Biomass Energy Research Institute, was conceived two years ago by sugar and ethanol analysts Datagro and technical consultants Fermentec.
SECOND GENERATION BIOFUEL ON CUSP OF BREAKTHOUGH-DSM
AMSTERDAM, Oct 19 (Reuters) - Dutch life sciences group DSM said the development of second-generation biofuels is nearing a major breakthrough with commercial production just a couple of years away that could open up a market worth $5 billion a year.
Second-generation biofuels are increasingly being seen as a preferred alternative to first-generation fuels, which drew criticism after sparking food inflation because they are made from food crops such as maize, sugar cane and rapeseed.
ARGENTINA TO HIKE BIODIESEL OUTPUT BY 2015-EXECUTIVE
AVELLANEDA, Argentina, Oct 18 (Reuters) - Argentine biodiesel production will nearly triple by 2015 to 7 million tonnes per year, an executive at one of the country's leading agro-industrial companies told Reuters on Tuesday.
Argentina is one of the world's biggest exporters of biodiesel, producing the fuel from ample supplies of soybean oil, and production has skyrocketed in recent years.
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