BP has made a $680 million (£424 million) investment in Brazil with a purchase of one of the nation's leading biofuels companies.
The British energy giant now owns 83 per cent of the shares of the Companhia Nacional de Açúcar e Álcool (CNAA), which is one of the world's leading producers of sugar cane and ethanol biofuel.
First commerical US biofuels plant planned this year
Recently, the banned alcoholic drink Four Loko was being recycled into car fuel, and today, it’s non-food waste from crops and wood scraps. Cellulosic ethanol is by no means a new idea, but no one has been producing it in bulk amounts.
Rise in Palm Oil Output May Help Satisfy Food Demand
Strong production of Southeast Asian palm oil is the best hope of boosting cooking oil supplies as soybean oil gets soaked up to make biofuel, its attraction redoubled by unrest in Libya that has driven crude oil to more than $100 per barrel.
Vegetable oil markets had braced for a fall in palm oil prices in the second half of 2010. They expected strong output from top producer Indonesia as it harvested a bigger acreage, and as No. 2 supplier Malaysia improved yields.
The Governor of Arkhangelsk Region to encourage the use of timber residues in biofuel
Ilya Mikhalchuk, the Governor of Arkhangelsk Region, held a meeting with Vladimir Shishov, the Vice-Governor for Natural Resources Management, Agricultural Sector and Ecology and Yuri Trubin, the Minister for Natural Resources and Timber Industry Complex of Arkhangelsk Region.
Timber prices up as power plants boost biomass use
Government subsidies to encourage power companies to burn wood are distorting the market for timber and forcing up prices in manufacturing and construction industries, Channel 4 News has learned.
ANDRITZ to supply gasification plant to Metsä-Botnia’s Joutseno mill
Graz, Austria, Feb 21, 2011 - International technology Group ANDRITZ has been selected to provide a gasification plant to Metsä-Botnia’s Joutseno mill, Finland. The 48 MW plant will generate green fuel gas from local biomass, thus making the mill independent of fossil fuels.
