News

An anaerobic digestion (AD) facility built in South Kirkby, West Yorkshire, UK, has been hit with a four-month delay in becoming fully operational. The hold-up could add several millions of pounds to the commissioning budget at the plant that has already had £750 million (€1.06bln) invested to it. Shanks, the UK waste-to-product company responsible for running the plant in a 25-year…
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Renewable Energy Group (REG) has announced its financial results for the 2011 fourth quarter and full-year. The company achieved record 2011 Adjusted EBITDA (for the year) of $107 million and record revenues (for the year) of $824 million, compared to $8 million and $216 million, respectively, in 2010. Furthermore, the 2011 fourth quarter saw an increase of 126% to the number of gallons…
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Plans to build 2 biomass power plants in Yorkshire have been discarded by electricity generator Drax. Drax's initial plan, announced back in 2008, was to invest £2 billion (€1.49 billion) constructing 3 biomass power stations located respectively in Immingham, Selby and the third in an unconfirmed location, potentially Hull. The scheme in Selby was cancelled along with plans for the…
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Universal Bioenergy, a publicly traded independent diversified energy company, has announced that it set a new record in sales revenue for the fiscal year ending December 31, 2011. Reaching over $71.74 million, it is an estimated 73.75% mark up on the results taken at the period in 2010. These results are however preliminary and unaudited, but the company expects the formal audit to be completed…
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ZeaChem is to receive $12 million (€8.93 million) as part of a larger grant awarded by USDA's National Institute of Food and Agriculture (NIFA). The grant, worth a total of $40 million (29.76 million), is being distributed through the Agriculture and Food Research Initiative (AFRI), Regional Coordinated Agricultural Project (CAP). The project is aimed at establishing regional systems for…
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Algae producer Aquaviridis has joined forces with OriginOil to develop a new technology that extracts oil from the algae and will develop this multi-phase production at its Mexicali site in Mexico. Through the North American Free Trade Agreement, a region in the country has been put aside for such developments and OriginOil will help by harvesting and developing its algae cultivation…
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Biomass company Enviva is to supply wood pellets to utility owner E.ON under a 240,000 tonne per year agreement which will operate for a number of years. The contract, of which the value has been undisclosed, will begin early next year and the pellets will come from Enviva’s facilities in the south east of the US, where there is a large amount of wood to be harvested. Speaking to Bioenergy…
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Waste to energy company Kedco, which is based in the UK and Ireland, has secured about £403,000 (€485,000) through a placing of 31 million shares at an issue price of £0.013 per share. The money raised is to be put towards working capital and will be invested into the company’s biomass electricity and heat generation projects. The company has selected more than 8.8 million…
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Iran's Tehran refinery began producing Euro-5 compliant jet fuel and gas oil on 7 February. National Iranian Oil Engineering and Construction (NIOEC) invested approximately $650 million (€495 million) in the project, which is able to produce 5 million litres of jet fuel and 8 million litres of gas oil daily. Additionally, NIOEC's €28.5 million jet fuel production unit at the Shazand Oil…
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HSBC has pledged to commit $1 billion (€937m) to a green bond portfolio which will invest in high quality liquid assets in the form of green, social, or sustainability bonds. These bonds will be aligned with the Green Bond Principles and will be used to fund projects in sectors such as clean transportation, renewable energy, energy efficiency, and climate change adaption, as well as SME…
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Babcock & Wilcox Vølund, a Danish thermal energy producer, has ordered a state-of-the-art biomass handling system from Saxlund, part of the Swedish Opcon Group. The system will be delivered to Babcock & Wilcox Vølund’s (BWV) Templeborough Biomass Power Plant in Sheffield, UK. The scope of the order is the design, manufacturing, delivery, and commissioning of a dual…
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Agraferm Technologies, a German manufacturer of biogas, biomethane, and waste recycling plants, is expanding its internationalisation strategy to the Asian market. The company has chosen Seoul, South Korea, as the location for the subsidiary AF Biogas, which is currently in the process of being founded and will enter operation later in 2015. Environmentally friendly manure and waste disposal as…
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The operators of a UK combined heat and power (CHP) biogas plant report they have manage to reduce the plant’s power consumption by half. The Agrigen-Siemens plant in Suffolk has been fitted with Siemens automation technology, including a controller, distributed I/O, and visualisation software. The plant’s height, pressure, and temperature measurements are performed using radar level…
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Forth Energy, a joint venture between Forth Ports and energy company SSE, has withdrawn its plans to build a combined heat and power (CHP) plant in Leith, Scotland, following the announcement of new proposals to develop the Port of Leith as an offshore renewable energy hub. Forth Energy wrote to the Scottish government’s energy consents unit, cancelling its planning application because it…
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