BIOFUELS UPDATE

April 2007

TABLE OF CONTENTS
 

INDUSTRY NEWS

• United States and Brazil Sign Partnership Agreement

• Farm Bill Proposal Includes Renewable Energy Expansion

• Difference in Corn Usage Projections

• Brazil and Japan Project Valued at $8 Billion

• EPA Revising Ethanol Plant Rules

• NREL’S Budget Increased

• Diverse Interests Unite On 25 x 25 Plans

• Pipeline Bill introduced

• National Wildlife Federation Unveils New Plan

• Biodiesel Gives Second Life to Old Plants

GRANTS

• DOE Selects Six Cellulosic Ethanol Plants for Funding

• Five Conversion Projects Receive Funding

• USDA Announces Availability of Funding

• Oak Ridge Proposed Alternative Fuel Center

• Minnesota Planning $100 Million Investment in Ethanol

• North Dakota Developing Plan to Promote Renewables

• Mascoma Receives Grant from New York State

• GS AgriFuels Portfolio Company Receives Grant from Montana

• BueFire Ethanol Approved for CEC Grant

• Florida Grant Awarded to Fill and Florida Crystals

• Wisconsin Funding Whey to Ethanol Study

• Tax Break for Marion Ethanol

• Enterprise Founders Fund Fuel Research

• Purdue Agriculture Funds Researchers

AROUND THE WORLD

• Ethanol Pipeline Network in Brazil under Study

• Brazil Plans to Triple Exports

• Brazil and Indonesia Sign Agreement

• Investment in Indonesia to Total $5.5 Million

• Brazil to Assist Jamaica

• Vietnam to Have First Ethanol Plant

• China Facing Deficit in Corn Production

• Wood Chips Turned Into Fuel

• Thailand Encouraging Growth of Cassava

• Kazakhstan to Build More Ethanol Plants

• Ethanol Africa Building Maize to Biofuels Plant

PROCESS DEVELOPMENTS

• DuPont to Accelerate New Seed Development

• Gene Sequencing May Aid Ethanol Production

• Collaborative Research Leads to More Efficient Conversion Process

• Monsanto and BASF Partner to Develop Modified Crops

• Strategic Diagnostics and Broin Announce First Milestone

• Carnegie Mellon Researchers Use Mathematical Optimization Techniques

• Tel Aviv University Discovers Unique Fungi

• EERC Studying the Possibility of Producing Hydrogen at Ethanol Plants

• Georgia Tech Working On Pine Chips

• AlgoDyne Develops Algal Bloom Harvesting Technique

• Proprietary Catalyst Achieves a Thirty-one Percent Yield

• University Provides Further Validation of USSEC Biofuel Discovery

• World Waste Technology Applies for Patent

• Bio Solutions Announces the EERC Bio Diesel Agreement

FINANCIAL

• ADM Profits Rise Twenty Percent

• Aventine Has Profit of Nearly $55 Million

• VeraSun’s Fourth Quarter Profits Up

• Chicago Board of Trade Has Best Year

• Headwaters Forecasts Earnings from Ethanol Plant

• Marathon Budget Includes Expansion of Blending Facility

• Universal Energy Group Files Prospectus for IPO

• Pacific Ethanol Closes On $325 Million in Credit

• Ethanex Mandates Leads on Three Project Debt Financing

• Earthanol Announces Series A Financing

• Targeted Growth Has Raised $22 Million

MERGERS AND ACQUISITIONS

• Diversa and Celunol Merge

• Lurgi and Zimmer Join

• EDF Energies Nouvelles Moves Into Biofuels

• AgriFuel Closes Initial Investments

• Consolidated Biofuels Announces Proposed Acquisition of International Bio Fuels Corp.

• US BioTec Announces Initial Step to Enter Biodiesel Market

• Name Change for ICrystal, Inc.

• Frontier Oil Acquires Ethanol Management Co.

• Lignol Energy Completes Acquisition

• VeraSun

• Orion Ethanol, Inc.,

• BlueFire Ethanol

• Codexis, Inc.,

• Range Fuels, 

COMPANY NEWS

• ConocoPhillips to Increase Alternative Fuel Spending

• Lignol Signs MOU with Suncor

• Royal Nedalco Partners with Mascoma

• Xenerga Wants to Turn Waste Grease into Biodiesel

• Industrial Biotechnology and Twin Rivers Technologies Partner

• Danisco Found to have Willfully Infringed Novozymes Enzyme Patent

• Austin Provides Clean Energy Incubator

• Black & Veatch Launch Clean Energy LLC

• Novozymes Opens Iowa Office

• Edenspace Moves to Kansas

• Masada to Acquire TVA Facility

• Broin Sues Former Workers over Trade Secrets

• New PR Firm Focuses on Green Industrial Revolution

• EPA Extends Replacement Fuel Deadline

• EU Proposes New Standards

• US Market to Reach 8.3 Billion Gallons by 2011

• New Directory Lists E85 Locations

• Earth Biofuels Launches New BioWillie® Website

• KMP to Invest up to $100 Million in Biodiesel Infrastructure

• Alabama Fleet Moves to E85

• Carl’s Jr. Commits to Fueling 100 Percent of Arizona Fleet Vehicles with Vegetable Oil by 2010

• Toyota May Add Flex-Fuel Capability

• Fairbanks Morse Approves Use of 100 Percent Biodiesel

• LPP Combustion Adapting to Burn Biodiesel

• Ethanol Co-Fuel Engine to be Used by the State of California

• JCB Dieselmax Engines Approved for the Use of B20

• State of Texas Approves Additive to Reduce NOx

• Taipei City Switching to E3

• Biodiesel Buses for the City of Reading

• Tank Sports Tests Its First E85 Motorcycle

• E85 BMW’s Competing in Swedish Touring Car Championship

• Clarkson Clean Snowmobile Team Receives $2,000 NSF Grant

• Global Green USA Promotes Green Cars for Oscar Drive

• Xcel Study Finds Benefits in Plug in Hybrids

TRANSPORTATION

• Ethanol, Boom Stressing Railroads

• Study Shows Railports Spur Economic Growth

• Marathon Oil Adding Biodiesel Storage at Kentucky Clean Fuels Coalition

• Ethanex and Consolidated Grain and Barge Announce Contract

• New Grain Terminal Underway for Greenwood MS

COMPONENTS

• Trace Environmental is a leader in Ethanol Plant CEMS

• Vacon to Supply Drives to Brazilian Sugar Mills

• High Shear Mixer Accelerates Reaction Time

• ABB Supplied Electronics to German Bioethanol Plant

• ROTEX Screeners Protect Downstream Equipment

• Prefiltration Extends Membrane Life

• Eaton Filter Increases the Capacity of Fermentation Tank

• ZCL Receives Installation Contract for its Lifeliner System

• Aspectrics Analyzer Measures Water in Ethanol

• Graham Orders for Injection Systems Total $1.5 Million

• Ethanol Boom Drives Globe Mechanical Expansion

NEW PROJECTS – U.S.

• Alabama

• Arizona

• California

• Colorado

• Florida

• Illinois

• Indiana

• Iowa

• Nebraska

• New Jersey

• New York

• North Dakota

• Ohio

• Oregon

• Pennsylvania

• South Dakota

• Tennessee

• Texas

NEW PROJECTS – NON U.S.

• Australia

• Belgium

• Brazil

• Bulgaria

• Canada

• Dominican Republic

• France

• Germany

• Indonesia

• Ireland

• Malaysia

• Peru

• Poland

• Singapore

• Slovenia

• South Africa

• Thailand

• United Kingdom

The above Table of Contents is excerpted from the April Biofuel Update which is part of the Biofuels World Markets Report.