Home / Tag Archives: biofuel

Tag Archives: biofuel

Minnesota electric co-op opens ethanol plant in North Dakota

The nation’s first new corn ethanol plant in more than five years — in Spiritwood, N.D. — has gone into commercial operation, its owner said Friday. Dakota Spirit AgEnergy, 78 percent owned by a Minnesota cooperative power company, is a 65 million-gallon-per-year ethanol plant built next to one of the electric utility’s coal-fired power plants. It supplies steam to produce ...

Read More »

Editorial: NM’s big-time power play

The road from Artesia to Hobbs — which cuts through the bustling oil-producing town of Loco Hills — is as crowded and active now as before world oil prices began to plummet last fall. And more oil- and gas-related facilities are planned or under way, such as a massive center in Jal to transfer sand from rail cars to the ...

Read More »

Biofuel beets meetings scheduled in 3 North Dakota cities

VALLEY CITY, N.D. — Backers of a proposed project in North Dakota that would turn sugar beets into ethanol are holding educational meetings in three cities this week. KOVC radio reports that the Green Vision Group meetings are Tuesday in Valley City and Jamestown and Thursday in Carrington. Beets used to produce biofuel are different from the sugar beets grown ...

Read More »

Gevo, Inc. cuts staff as stocks plummet

Biofuel company Gevo, Inc. announced a 41 percent staff cut at its Englewood headquarters Tuesday, reducing its head count from 56 to 33 employees. The announcement follows losses such as share prices reaching as low as 30 cents. Most of the cuts occurred in the company’s technology group. “While this decision translates into meaningful costs savings for the Company, it ...

Read More »

Miss. files fraud lawsuit against Khosla over KiOR failure

JACKSON, Miss. — The state of Mississippi has sued billionaire Vinod Khosla and others, saying they knew long ago that bankrupt biofuel firm KiOR had poor prospects for success, but misled the state into loaning the company $75 million. The lawsuit, filed Tuesday in Hinds County Circuit Court, alleges Khosla and others engaged in fraud, negligence and conspiracy to hide ...

Read More »

Khosla seeks KiOR plant receiver, says Miss. ran off buyer

law lawyer lawsuit judge gavel

JACKSON, Miss. — KiOR financier Vinod Khosla is asking a Mississippi state court judge to name a receiver for the company’s Columbus plant, at the same time that he’s accusing the state of scaring off a potential buyer for the shuttered biofuel refinery. Companies controlled by Khosla filed the motion Friday in Lowndes County Chancery Court, another escalation in a ...

Read More »

Global crude shortages now outweighed by US production

Shane Thielges | Shale Plays Media Record-setting production levels of liquid fuel in the U.S. are high enough to offset global oil price spikes caused by unplanned production disruptions, reports the Energy Information Administration. The results of a multi-year EIA study of America’s effect on the global energy market were released yesterday. The organization concluded that the country’s growing liquid ...

Read More »