Fed lands in WY opened up to coal mining. Est. 750M tons reserves. Leases to raise $13-21B, half to WY. 7,400 acres of Powder River Basin. 1st of over a dozen auctions over next 3 yrs. >416M tons shipped from the Basin in '09, ~40% of US consumption.
UK announced carbon price floor by April '13 of 16 Pounds Sterling/ton, step up to 30 Pounds by '20.
Amyris (AMRS) entered agreement with Brazil's Paraiso to construct fermentation/separation capacity to produce their products, Paraiso to supply sugar cane juice from up to 1M tons of cane/yr. Production may start as early as '12. Amyris' 5th production agreement at locations on 3 continents. Developing line of lubricants for N. Am mart, among other products. Oils, lubricants a $49B global market in '10.
Obama and Brazil's Rousseff expanded on 4-yr-old MOU on biofuels, adding language on aviation biofuels development. No language on US' 54 cent/gal ethanol tariff protecting US corn ethanol.
BP spending $680M to acquire 83% majority control and refinance debt of a Brazilian ethanol/sugar producer. Fully developed, BP overall Brazilian production capacity to be 370M gal/yr. BP's had a 50% share of another Brazilian producer since '08.
Brazil ethanol industry needs $50B in investment by '15-'16 to meet domestic demand. Current 24B liters now projected to be 60B by then.
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