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SGB signs mandate letter with IDB to finance Guatemalan project

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By SG Biofuels Inc.

October 08, 2013

FeedstocksLatin America

Energy crop company SG Biofuels signed a mandate letter with the Inter-American Development Bank (IDB) for the debt financing of its 25,000-acre jatropha bioenergy project in Guatemala. The project cost is estimated at approximately $76 million.

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The newly proposed levels for definitive antidumping duties are $292-$340 per ton of Argentine biodiesel, and $163-$245 per ton of Indonesian biodiesel. The European Biodiesel Board says they should be even greater to cover the full dumping margin.

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Evofuel Ltd., a wholly owned subsidiary of Evogene Ltd., has completed three years of successful field trials in northeast Brazil for the development of castor bean as an alternative feedstock for production of biodiesel and other industrial uses.

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After the European Commission declared it would not pursue provisional antisubsidy duties against Argentine and Indonesian biodiesel, the European Biodiesel Board expressed strong concern that imports will continue to hamper EU biodiesel producers.

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U.S. imports of biomass-based diesel and "other renewable diesel" surged to new highs in June, according to the latest EIA data

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LAN Colombia, member of the LATAM Airlines Group, with the help of Terpel, recently marked a milestone in the country's and region's commercial aviation history by carrying out the first flight in Colombia using biojet fuel made from camelina oil.

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SGB is achieving consistent germination rates of 95-plus percent with its JMax jatropha hybrids in a range of high-stress growing conditions. Direct seeding success depends on the ability to achieve high germination rates in variable conditions.

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According to the Global Renewable Fuels Alliance, 62 countries now have biofuels-friendly policies in place that have driven global demand. Governments in every corner of the world, from Australia to Zimbabwe, have embraced biofuels.

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Biodiesel exports were up significantly in May as the U.S. shipped out 23.3 million gallons, more than tripling March export volumes and up nearly 8 million gallons from April's export volume. Imports grew to 16 million from April's 13 million.

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International Procurement Tools recently signed a deal with Brazilian firm USDA to become the exclusive distributor of biodiesel production units employing the hydrolysis/esterification process

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Today the GRFA slammed a new study by Friends of the Earth for its glaring omissions and use of a controversial theory on land use impacts of biofuels. The report relies on unproven ILUC and is silent on underlying causes of global hunger.

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Biodiesel production stats from Brazil; a pending EU vote; Canadian biodiesel pump opens; and more international biodiesel news

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EIA data shows U.S. exports of biodiesel outpaced imports in April

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Brazilian biodiesel producer BSBios, a joint venture between BSPAR and Petrobras Biofuel, has exported its, and Brazil's, first commercial shipment of biodiesel June 25, the company stated. A small 6,600 gallon load is headed to Rotterdam Harbor.

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The QAP program as outlined in the EPA's NPRM was written to cover only domestic production, but now RINs generated by importers on foreign production and RINs generated by foreign companies are covered by EcoEngineers' and Genscape's QAP programs.

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Aurora Algae received a notice of allowance from the USPTO for U.S. Patent Application Serial No. 12/480,635, entitled, "VCP-Based Vectors for Algal Cell Transformation." This makes 12 patent applications either issued or allowed and 30 more pending.

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Energy crop company SG Biofuels has identified rust-resistant hybrids of jatropha through its global network of field trials. Identification of the trait provides a critical defensive attribute to ensure plant health and yield preservation.

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The latest in US biodiesel imports, what to expect this summer, and why the domestic industry can grow in spite of more imports

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U.S. imports of biomass-based diesel skyrocketed at the end of the first quarter as the nation imported more than eight times the volume in March over February, according to new EIA data. Gross U.S. imports jumped to 17.3 million gallons in March.

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According to Regulation 490/2013, provisional dumping margins on various Argentine biodiesel exporters range from 6.8 to 10.6 percent. For Indonesian biodiesel exporters, the provisional dumping margins range from zero to 9.6 percent.

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AFAI operates a 25-acre pilot plantation with 40,000 mature jatropha trees in Tempate, Costa Rica. It concluded trials to establish best-practice protocols for maximum crop yield and production profitability. The firm now seeks commercialization.

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Reports indicate Argentina is working to gain RFS2 registration to find another outlet for its biodiesel now that the EU appears to be establishing tariffs on its product; but sources here in the U.S. indicate they have a difficult road ahead of them

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Argentina notified WTO May 15 of a request for consultations with the European Union on measures imposed by the EU and/or its member states that affect the importation and marketing of biodiesel, as well as measures supporting the biodiesel industry.

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BioFuel Aruba plans to expand its biodiesel production capacity as early as Q3. BioFuel Aruba also entered into pilot agreements with the Aruba Airports Authority and the public transit company Arubus to implement a biodiesel blend into their fleets.

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