BIOFUELS/ETHANOL WORLD MARKET

UPDATE

January 2012 

TABLE OF CONTENTS

INDUSTRY NEWS

Renewable Fuels Association Reviews Top Stories of 2011

EPA Identifies Additional Fuel Pathways

Ethanol Growth Not Leading to Cropland Expansion, New USDA Report Shows

Sandia Transportation Fuels Expert Says Policy Makers Need to Think About Practical Ways to Reach New Energy Goals

Renewable Fuels are Winners in Iowa Caucus

Federal Judge Finds California’s Low Carbon Fuel Standard Unconstitutional

Iowa Ethanol Production Ticked Up in 2011

Texas Opens the Door Even Wider for America’s Advanced Biofuel

Illinois Extends Support for America’s Advanced Biofuel

Brazilian Cane Ethanol is a Key Ingredient to Help Germany Promote Low Carbon Transport Solutions

TECHNOLOGY NEWS

E. Coli Bacteria Engineered to Eat Switchgrass and Make Transportation Fuels

Texas A&M Biofuels Research Initiative Receives $2.3 Million DOE Grant

FEEDSTOCKS

DuPont and NexSteppe to Collaborate on New Feedstocks for Renewable Industry

Chromatin, Inc. Passes Major Milestone in Sweet Sorghum Technologies

Sunn Hemp Shows Promise as Biofuel Source

BIODIESEL

EPA Releases November Biodiesel Volume

Iowa Biodiesel Production Sets Record in 2011

OnSite Energy is Proud to Announce a New Partnership with Michigan State University Extension’s Freeway to Fuels Project

Extreme BioDiesel Announces New Product from Waste

Metso’s Automation and Safety Solutions Guarantee Efficient Operations at Europe’s Largest Renewable Diesel Plant in Rotterdam

BIOFUEL USE

Novozymes in Project to Repower the Maritime Sector

More Minnesota Drivers are Choosing E85 in 2011

COMPANY NEWS

BP Joins GE, Google Ventures, ConocoPhillips, and NRG Energy in Investing in Cool Planet BioFuels

Coskata Files Registration Statement for Proposed Initial Public Offering

BlueFire Renewable Signs Financing MOU for it Fulton, Mississippi Biorefinery and Other Projects in U.S. and China

ADM Completes Acquisition of Elstar Oils

OriginOil Enters Joint Venture to Develop Biorefineries for U.S. Department of Defense Biofuels Programs

BASF Participates in Renmatix

Green Plains to Acquire JW Grain in Nebraska

Headquarters Incorporated Announces Sale of Its 51 Percent Ownership in Blue Flint Ethanol LLC

Pacific Ethanol, Inc. Closes on Previously Announced Increase in Plant Ownership and $8.0 Million Financing

Gushan Environmental Energy Limited Announces Third Quarter of 2011 Financial Results

Enerkem Raises C$15 Million in Project Equity Financing for its Commercial Waste to Biofuels Facility in Edmonton, Alberta

Mascoma Awarded $80 Million from the DOE for Construction of Commercial Scale Hardwood Cellulosic Ethanol Facility in Kinross, MI

Harris Group Engineering Certified by Inbicon for Build-out of New Ethanol Technology

ZeaChem Begins Core Facility Operations at Biorefinery in Boardman, OR

Itochu Announces Bioethanol Production Business in Binh Phuoc Province of Southern Vietnam