Archives

April 21, 2017

Weekly Roundup of Other Biobased News

?  Bioresources, “Bioeconomy Survey Results Regarding Barriers to the United States Advanced Biofuel Industry”    ?   Enerkem, “Enerkem Achieves All Production Milestones at its Edmonton Biofuel Facility”    ?  University of Wisconsin-Madison, “Renewable Plastic Precursor Could Grow Cellulosic Biofuel Industry”    ?  Michigan State University, “Better Together:  Harnessing Cooperating...
January 13, 2017

Petition For Waiver Of 2016 Cellulosic Biofuel Volumetric Requirements

On December 28, 2016, the American Fuel & Petrochemical Manufacturers (AFPM) submitted a petition requesting that EPA waive the cellulosic biofuel volumetric requirements for the 2016 compliance year citing an inadequate domestic supply of the fuel.  Based on the amount of cellulosic fuel produced through November, AFPM estimated that between 173.8 and 190 million gallons will be produced in 2016, which is approximately 40 to 60 million gallons below the 230 million gallon target set...
April 25, 2014

EPA Issues Direct Final Rule Reducing 2013 Cellulosic Fuel Blending Requirement

On April 22, 2014, the U.S. Environmental Protection Agency (EPA) signed off on a Direct Final Rule requiring petroleum refiners and importers to blend 810,185 gallons of cellulosic fuels into the fuel supply in 2013 in response to petitions for reconsideration of the Final Rule from the American Petroleum Institute (API) and the American Fuel & Petrochemical Manufacturers (AFPM). The pre-publication version of the Direct Final Rule is available online. Petitioners successfully argued that...
March 28, 2014

EPA To Review And Improve RFS Fuel Pathways Process

The U.S. Environmental Protection Agency (EPA) has announced that it will take approximately the next six months to evaluate and improve the petition process for new fuel pathways under the federal Renewable Fuel Standard (RFS). Every producer that wants their renewable fuel to qualify under the RFS must have its fuel pathway, including feedstock and technology process, approved by EPA. EPA intends to make the process more efficient and transparent, and thereby reduce the amount...
March 21, 2014

KiOr Expresses Funding And Continued Operation Concerns In Filing

U.S. cellulosic biofuels producer, KiOR, filed its annual report with the Securities and Exchange Commission (SEC) this week. In the report, the company expresses concerns about sufficient funding to continue operations moving forward. Although KiOR has received a conditional funding commitment of up to $25 million from its founder Vinod Khosla, receipt of the funding depends on certain production milestones that may not be met. In December 2013, KiOR reported a $347.5 million net loss,...
January 10, 2014

Cellulosic Biofuels Project Loses DOE Funding

On December 23, 2013, the U.S. Department of Energy (DOE) announced that it was ending its funding of BlueFire Renewable's cellulosic production facility project in Fulton, Mississippi. DOE took this action because the company reportedly failed to meet deadlines related to financing the project. This news comes as the cellulosic industry continues to be under attack for failing to live up to expectations under the federal RFS....
January 10, 2014

Fate Of Biofuel Tax Extenders Uncertain

Several incentives designed to encourage renewable energy development and production, including the $1 per gallon tax credit for biodiesel producers and the $1.01 per gallon credit for cellulosic ethanol production, expired on December 31, 2013. Should extenders be considered, it is likely these two credits will be extended and likely retroactively. Although given election year politics and ongoing budget battles, if and when this happens is tougher to predict. In the short term, one legislative...
October 18, 2013

Beta Renewables And Novozymes Announce Opening Of Italian Cellulosic Biofuels Pla

On October 9, 2013, enzyme producer Novozymes and biofuels producer Beta Renewables announced the opening of a new advanced biofuels facility located in Crescentino, Italy, that will make commercial quantities of cellulosic biofuels. More information on the announcement is available online....
October 18, 2013

Leaked 2014 RFS Proposed Rule

Last week, part of EPA's much anticipated 2014 proposed RFS rule, or at least a draft of the rule, was leaked and widely disseminated. If the text of the leaked proposed rule is representative of the actual proposed rule, the oil and gas industry would likely view it more favorably than would the biofuels industry. In the leaked version of the proposal, EPA would use its authority under the RFS to adjust downward the cellulosic,...
August 26, 2013

KiOR Shareholders Sue Company

This week, it is reported that shareholders of leading U.S. cellulosic biofuels company, KiOR, sued the company, its Chief Executive Officer, and Chief Financial Officer, alleging that they reported misleading information on production projections, which artificially inflated the stock price paid. Last year, the company completed construction of its biorefinery in Columbus, Mississippi, which has the capacity to produce up to 13 million gallons per year of cellulosic biofuels made from woody...