August 30, 2011
Biofuels Make a Comeback Despite Tough Economy | Energy content from Corn and Soybean Digest.
Global production of biofuels increased 17% in 2010 to reach an all-time high of 105 billion liters, up from 90 billion liters in 2009. High oil prices, a global economic rebound and new laws and mandates in Argentina, Brazil, Canada, China and the U.S., among other countries, are all factors behind the surge in production, according to research conducted by the Worldwatch Institute’s climate and energy program for the website Vital Signs Online.
The U.S. and Brazil remain the two largest producers of ethanol. In 2010, the U.S. generated 49 billion liters, or 57% of global output, and Brazil produced 28 billion liters, – 33% of the total. Corn is the primary feedstock for U.S. ethanol, and sugarcane is the dominant source of ethanol in Brazil.
August 24, 2011
Ethanol Rises as Report Shows Signs of Increased Blending Demand – Bloomberg.
Ethanol futures rose a seventh day in Chicago, extending the longest winning streak in three months, after a government report showed increased demand for the biofuel.
“The drop in gasoline stocks lent some support to ethanol,” said Matt Janney, a trader at Citigroup Global Markets Inc. in Chicago. “Ethanol stocks were off, too. It seems to be getting good support.”
August 23, 2011
Biodiesel Magazine | biodieselmagazine.com.
The argument that the world is facing a food shortage, and that biofuels are contributing to that shortage, is bogus. There is enough food in the world to give every man, woman and child 4.3 pounds of food a day.
A study undertaken by the Stockholm International Water Institute highlights the absolutely staggering amounts of food that are wasted every day. In the U.S. alone, it is estimated that 30 to 40 percent of our food crops never reach the table.
August 22, 2011
Secretary Chu Signs Off on Two New Loan Guarantees to Develop Alternative Energy.
To support the development of two alternative energy projects, the United States Department of Energy (DOE) has awarded loan guarantees to both Abengoa Bioenergy US Holding, Inc. and SoloPower, Inc. that, combined, amount to nearly $331 million.