August 3, 2009

Weekly News Roundup

Last week's main buzz (and continuing this week) is the survival of the Cash for Clunkers program. From my previous post about this, it seems that the Frost & Sullivan consultant was right regarding his doubts on the program's success because of limited funding available.

The House has already approved another $2bn infusion to the program and the Senate is debating today whether to pass the $2bn extension as well. Right now, confusion reigns especially for auto dealers whether they will still be able to be reimbursed under the program or not. We will see how it goes but for now, here are this week's news roundup:

Green gasoline plant coming soon
Terrabon has produced high-octane "green gasoline" made from non-food biomass using its licensed MixAlco(TM) technology. The company plans to build and operate a 1.3 million gal/year of the green gasoline at Valero Energy Corporation's Texas refinery. Construction is expected to begin in the first quarter of 2010 with operations to start in the second half of 2011.

New glycerine facility in California
Crimson Renewable Energy has started California's largest biodiesel and glycerin production facility (claimed by the company) with a capacity of 30 million gal/year of biodiesel and 50 million pounds/year crude glycerin.

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