Thursday, February 23, 2012

STUFF

Samsung to spin off LCD biz for OLED future.

WPRT signed deal with Cummins to allow Cummins to build WPRT natgas engines.

Iranian crude supply to Turkey may be halted by Western bank sanctions.

Shell bid starts race for African oil/gas fields.

Novozymes has new enzyme that may lower cost of cellulosic ethanol to gas, corn eth price range. They have deal with Fiberight to use muni waste at small VA plant and 6m gal/y Iowa plant next year.

Refiners may have to pay fines - up to $6.8M - for failing to use cellulosic ethanol in the blend, even though there's NO cellulosic eth to be had in commercial quantities yet. The '07 Energy Independence and Security Act targeted 250M gal in '11, 500M in '12. But the requirement was lowered to 6.6M gal in '11 and 8.6M in '12.

US gasoline sales ~135B gal/y, highway diesel ~51B. '22 target for biofuels is 36B.

Germany announced 20-29% solar subsidy cuts a month earlier than planned. Already cut 15% in Jan. France, Italy, Spain and UK also cutting subsidies.

EU tar sands pollution vote ended in deadlock.

With Obama's corporate tax proposal came proposal to make clean energy subsidies permanent.

Fracking ban in upstate NY upheld by state court judge.

Ceres (Calif) had $65M IPO yesterday. Market cap $344M. Joined ranks of biofuels group that includes Codexis, Amyris, Gevo, Solazyme, KiOR, Renewable Energy Group.

Iowa ethanol producers avg loss in Jan was 11 cents/gal.

Airport in India switching to biodiesel for ground ops.

EU launched $18M seaweed ethanol R&D project.

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