January 30, 2014
BY Ron Kotrba
Neol Biosolutions, a 50/50 joint venture between the Neuron Bio Group and Repsol, has patented the microorganism Neoleum, which the company says is able to produce oils from waste at a faster rate than oil-bearing seeds such as palm, rape or sunflower.
The trademarked Neoleum culture in a one-cubic-meter bioreactor produces the same quantity of oil in a year than an extension of one hectare of oil palm in the same period of time, according to Neol.
The oils obtained are highly versatile, the company says, and their composition makes them ideal raw material for the production of biofuels such as biodiesel and biokerosene, or for other industrial applications such as biolubricants or surfactants.
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Neol is working to scale up the process in order to manufacture enough oil to supply the biodiesel market with additional feedstock.
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U.S. operatable biofuels capacity increased slightly in January, with gains for ethanol, according to the U.S. EIA’s Monthly Biofuels Capacity and Feedstock Update, released March 31. Feedstock consumption was down when compared to December.
U.S. farmers are expected to plant 83.5 million acres of soybeans in 2025, down 4% when compared to last year, according to the USDA National Agricultural Statistics Service’s annual Prospective Plantings report, released March 31.
ADM and Mitsubishi Corp. on March 27 announced the signing of a non-binding memorandum of understanding (MOU) to form a strategic alliance to explore potential areas of future collaboration across the agriculture value chain.
China’s exports of used cooking oil (UCO) reached a record high in 2024 but fell sharply in December after the Chinese government eliminated the 13% export tax rebate for UCO, according to a report filed with the USDA.
Ash Creek Renewables, a portfolio company of Tailwater Capital LLC, on March 20 announced it has secured exclusive licensing rights from Montana State University for a new high-performance camelina seed variety.