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Montreal-based Enerkem has just raised C$280m to build facilities in the US and Europe. We zoom in on the transaction’s structure and what it says about institutional appetite for advanced biofuels.
FPInnovations and Resolute Forest Products are launching a $17m venture that will produce bio-chemicals derived from wood, as part of an effort to renew the forest products industry.
‘Second-generation’ bioethanol has emerged stronger after the EU capped fuels produced from food crops and banned those made from palm oil. Market reactions were mixed.
The outlook for Brazil’s sugar and ethanol sector remains bleak, Fitch says, with more defaults and bankruptcy filings expected.
Chairman Julian Luciano has said that the company is shifting its portfolio to value-add strategies by selling ethanol plants, adding that the Macri government's willingness to talk to the private sector will see ADM increase its presence in Argentina.
The funding will go into expanding CerradinhoBio's production capacity for sugar ethanol and bio-based electricity.
The agency will provide loan guarantees of up to $250m to develop biofuel and chemicals projects.
Oregon biowaste and biomass business Pacific Ag will use the raise to acquire its regional competitor, Calagri.
Despite worries about competition for land over food and fuel production leading to food security fears, a DOE report says bioenergy and food security can be mutually supportive.
The USDA is investing $8.8m in advanced biofuel production from non-food plant sources, as it supports the industry in a challenging economic environment.
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