Biox Corp. announced it exercised an option which allows the company to terminate the land lease agreement with International-Matex Tank Terminals to construct a 100 million liter per year (30 MMgy) biodiesel production facility in New York Harbor. READ MORESHARE
REG announced its REG Newton LLC loan with AgStar Financial Service PCA was extended for one additional year. REG Newton entered into this debt agreement with AgStar in conjunction with the related March 2010 acquisition of Central Iowa Energy LLC. READ MORESHARE
A contract for Pacific Biodiesel Technologies to supply biodiesel to Hawaiian Electric for the Honolulu International Airport Emergency Power Facility was approved by the state utility commission. PBT will supply 250,000 to 1 million gallons a year. READ MORESHARE
The bill allows the Pentagon to continue to develop and utilize advanced biofuels, rejecting an earlier House attempt to block the U.S. military from its planned renewable fuels strategy by disallowing purchase of fuels more expensive than petroleum. READ MORESHARE
OriginOil announced that its algae harvesting process reduces bacterial concentrations by as much as 99 percent. This could extend the shelf life of liquid algae concentrate from hours to days, addressing a key problem holding back the industry. READ MORESHARE
Syntroleum was sued for alleged patent infringement in the District of Delaware by Neste Oil regarding U.S. Patent No. 8,212,094. Syntroleum insists it has not infringed upon any of Neste's alleged patent rights and is vigorously defending itself. READ MORESHARE
India-based Biodiesel Business Academy, whose stated priority is to contribute to the transition to a sustainable society through social, economic and environmental development, has debuted its biodiesel chemistry education kit based on nonfood oils. READ MORESHARE