July 29, 2014

Granite State Biofuels Seeks Change Through Craft Brewed Independence from Petroleum

Granite State Biofuels, a community scale biodiesel producer of Bow NH has decided to employ a funding campaign on the increasingly popular crowdfunding website Indiegogo.com. During a period of turmoil and uncertainty regarding government policies and subsidies relating to alternatives to petroleum based fuels, it has become increasingly difficult for small producers to access capital. In the absence of stable policy many producers are scaling back their production and there is great risk to the broad and sustained success of the growing biodiesel industry.

The importance of exploring and supporting all options in our nation’s quest for freedom from foreign oil and reversing damaging environmental trends is known to many yet we are hampering solutions that can be created right here in our communities.

Granite State Biofuels is seeking to develop community activism in support of its efforts to bring a superior solution to environmentally damaging petroleum while simultaneously redistributing economic prosperity back to the local level. No other transport or energy fuel can so closely match its petroleum counterpart and return direct and immediate economic windfall to the community in which it was produced.

Big oil lobbying groups want people to remain unaware of the numerous benefits to locally produced energy sources. The opportunities presented by crowdfunding, which is made up primarily of like-minded and similar interest individuals can influence real grassroots level change even against the likes of the major lobbyists and mega oil companies.

GSB is seeking to inspire a young and motivated audience hungry for innovation and change similar to what has surfaced in many recent crowdfunding eco-campaigns such as the wildly successful Solar Roadways project also on Indoiegogo.com.

The change we will see in the future of Alternative Energy Economics will be populated with similar individuals to the bright young pioneers we have seen exploding across Internet Startups over the past decade. Innovation and passion are the critical ingredients to the type of change our security, environment and economy must have to evolve off our tremendous addiction to petroleum.

Since 2011 Granite State Biofuels, a woman–owned innovator in biodiesel production technologies has worked tirelessly to produce a very compact, highly efficient and distributable process for biodiesel production. The 3 Million Gallon per Year plant they have built fits into a tractor trailer and while not meant to be truly mobile it can be easily built, permitted and transported into communities to act as a local source of direct petroleum replacement fuels. This keeps costs of installation, production and distribution down by servicing the local areas from which raw materials are sourced and end product is consumed.

For more Information go to Indiegogo Campaign “Craft Brewed Biodiesel Independence from Petroleum” - http://bit.ly/1r6Guj2

July 28, 2014

Pacific Ethanol Awarded $3 Million Grant to Support Sorghum Feedstock Program

Pacific EthanolPacific Ethanol, Inc. announced it was awarded a $3 million matching grant from the California Energy Commission to develop a sorghum feedstock program collaboratively with Chromatin, Inc., CSU Fresno's Center for Irrigation Technology and the Kearney Agricultural Research and Extension Center. This undertaking also includes the California In-State Sorghum Program to support a lasting expansion in California's ability to produce low-carbon ethanol from in-state feedstock that meets both the renewable fuel and greenhouse gas reduction goals stipulated under the federal Renewable Fuel Standard and California's Low-Carbon Fuel Standard.

Neil Koehler, the company's president and CEO, stated: "We are honored to receive this important grant, which supports Pacific Ethanol's collaboration with California Agriculture and the other ethanol producers in California toward the long-term development of sorghum feedstock for advanced biofuel production at both our Madera and Stockton California facilities."

July 24, 2014

Himark BioGas To Build 3 Anaerobic Digestion Plants

12Himark BioGas International has signed an agreement with NEO Energy LLC for the design, construction, and start-up of three integrated anaerobic digestion (AD) and fertilizer plants in Massachusetts and Rhode Island. The AD plants will recycle food waste to produce organic-based fertilizer and renewable electricity.

As part of the agreement, Himark BioGas will act as a technology licensor and owner’s representative on behalf of NEO Energy LLC during the design, construction and operation stages of the plants.

AD plants designed on Himark BioGas’ patented “IMUS” technology can produce renewable energy and pathogen-free fertilizer from food waste, source separated organic materials, cow manure, ethanol plant waste/thin stillage, slaughter house waste, food processing waste, and agricultural waste (open pen feedlot, sand-laden dairies, etc.). The IMUS technology also can handle feedstock containing large amounts of sand, dirt, rocks, plastic, and cellulose. Furthermore, with its turnkey, guaranteed-maximum capital cost designs, Himark BioGas guarantees electricity, gas and fertilizer outputs with any kind of feedstock. Himark’s AD plants are developed and integrated with the client’s processes at a rapid pace and the best short- and long-range profitability.

The entire catalog of technologies enjoys protection by patents in the U.S. and various other countries.

Shane Chrapko, CEO of Himark BioGas commented, “The development of the anaerobic digestion plants will positively contribute to effective food waste recycling, profitable pathogen-free fertilizer production, energy self-sufficiency and a reduction in carbon emissions for the local communities. Each ton of food waste diverted from the landfill will reduce Greenhouse Gas Emissions by just over one ton of CO2 (Equivalent).”

Robert Nicholson, President of NEO Energy LLC, says that “NEO’s anaerobic digestion plants will recycle food waste generated by supermarkets, food processors, restaurants and other institutions and divert that waste away from landfills and incineration facilities. Our plants produce a high-quality organic-based fertilizer while reducing greenhouse gases, preserving landfill capacity and producing renewable energy. Our first plants will also be available to those businesses that will need to comply with the 2014 commercial food waste disposal ban in Massachusetts and the recently enacted law in Rhode Island requiring that food residuals produced by large waste generators be recycled starting in 2016.”

June 11, 2014

Renewable Energy Group Completes Dynamic Fuels Acquisition

Renewable Energy Group, Inc. announced recently that its wholly-owned subsidiary, REG Synthetic Fuels, LLC, has completed  its acquisition of the remaining 50% ownership interest in Dynamic Fuels, LLC, previously owned by Tyson Foods, Inc. 

As a result of last Tuesday’s closing of its purchase of substantially all of the assets of Syntroleum Corporation and the closing of this transaction with Tyson, REG now takes full ownership of Dynamic Fuels’ 75-million gallon nameplate capacity renewable diesel biorefinery in Geismar, Louisiana.

Tyson and Syntroleum formed Dynamic Fuels in 2007 as a 50/50 joint venture.  Completed in 2010, the facility is the first large-scale renewable diesel biorefinery built in the U.S. and will now be known as REG Geismar, LLC.

“Closing these transactions enables our entry into the renewable diesel market in a significant way,” said Daniel J. Oh, Renewable Energy Group, Inc. President and Chief Executive Officer.   “We are excited about the opportunity to offer new products to our customers, while building on our core competencies in research, engineering, production, and distribution of advanced biofuels.  We look forward to bringing the Geismar biorefinery online and work to do so has begun.”

REG paid Tyson approximately $16.5 million in cash at closing and retired approximately $13.5 million of Dynamic Fuels’ indebtedness to Tyson.  REG has also agreed to make up to $35 million in future payments to Tyson tied to product volumes at the Geismar biorefinery over a period of up to eleven and a half years.  REG intends to use proceeds from its recent $143,750,000 convertible senior notes offering to either replace the letter of credit that Tyson Foods obtained to support the biorefinery’s $100 million in Gulf Opportunity Zone Bonds, issued through the Louisiana Public Facilities Authority, or to redeem these bonds.

Most of the employees at Dynamic Fuels, LLC are expected to join the company as part of the renamed REG Geismar, LLC.

May 22, 2014

Renewable Energy Group To Acquire Tyson Foods’ Ownership Stake In Dynamic Fuels

Renewable Energy Group, Inc. has reached an agreement with Tyson Foods, Inc. to acquire Tyson’s 50% ownership position in Dynamic Fuels, LLC, the companies announced today.

Completion of the transaction with Tyson Foods, which is contingent upon the closing of REG’s December 2013 announced agreement to acquire substantially all of the assets of Syntroleum Corporation, would give REG full ownership of Dynamic Fuels and its 75-million gallon per year nameplate capacity renewable diesel biorefinery in Geismar, Louisiana. Tyson and Syntroleum formed Dynamic Fuels in 2007 as a 50/50 joint venture. The Geismar facility, completed in 2010, was the first large scale renewable diesel biorefinery built in the U.S.

“Upon closing, this is another milestone for REG in growing our core advanced biofuels business,” said Daniel J. Oh, REG President & CEO. “It gives us the opportunity to further expand our production capacity into new product lines, while growing our overall advanced biofuel manufacturing capability, and bringing on other renewable chemical applications.”

“Selling our interest in Dynamic Fuels to REG provides capital for Tyson to redeploy into other opportunities,” said Andrew Rojeski, Vice President-Renewable Energy for Tyson Foods. “REG is a long-term customer of ours, buying fats, oils and greases to make renewable fuel, and we hope to continue that relationship.”

Under the terms of the agreement, an REG subsidiary would acquire Tyson Foods’ 50% membership interest in Dynamic Fuels by paying Tyson approximately $18 million in cash at closing and up to $35 million in future payments tied to production volume at the Geismar biorefinery over a period of up to eleven and a half years. REG will also fund repayment of approximately $12 million of Dynamic Fuels’ indebtedness to Tyson at closing.

A portion of the development and construction of the Geismar biorefinery was funded by $100 million in Gulf Opportunity Zone Bonds, issued through the Louisiana Public Facilities Authority. Closing of the acquisition from Tyson Foods is conditioned on REG’s replacement of the letter of credit Tyson Foods obtained to support issuance of the bonds or completion of a financing sufficient to refinance the bonds prior to December 31, 2014 on terms acceptable to REG. REG may seek to use existing cash on hand and/or one or more financing vehicles, including public or private debt or equity, to satisfy this condition. Closing is also subject to satisfaction of other customary closing conditions.

REG currently owns eight operating biodiesel refineries in Iowa, Illinois, Minnesota and Texas that have a combined annual nameplate production capacity of 257 million gallons. With the addition of the Geismar facility, the company’s total advanced biofuel annual nameplate production capacity would increase to 332 million gallons.