<body> -------------------
Contact Us       Consulting       Projects       Our Goals       About Us
home » Archive » Bioenergy_economics
Nature Blog Network

    Spanish company Ferry Group is to invest €42/US$55.2 million in a project for the production of biomass fuel pellets in Bulgaria. The 3-year project consists of establishing plantations of paulownia trees near the city of Tran. Paulownia is a fast-growing tree used for the commercial production of fuel pellets. Dnevnik - Feb. 20, 2007.

    Hungary's BHD Hõerõmû Zrt. is to build a 35 billion Forint (€138/US$182 million) commercial biomass-fired power plant with a maximum output of 49.9 MW in Szerencs (northeast Hungary). Portfolio.hu - Feb. 20, 2007.

    Tonight at 9pm, BBC Two will be showing a program on geo-engineering techniques to 'save' the planet from global warming. Five of the world's top scientists propose five radical scientific inventions which could stop climate change dead in its tracks. The ideas include: a giant sunshade in space to filter out the sun's rays and help cool us down; forests of artificial trees that would breath in carbon dioxide and stop the green house effect and a fleet futuristic yachts that will shoot salt water into the clouds thickening them and cooling the planet. BBC News - Feb. 19, 2007.

    Archer Daniels Midland, the largest U.S. ethanol producer, is planning to open a biodiesel plant in Indonesia with Wilmar International Ltd. this year and a wholly owned biodiesel plant in Brazil before July, the Wall Street Journal reported on Thursday. The Brazil plant is expected to be the nation's largest, the paper said. Worldwide, the company projects a fourfold rise in biodiesel production over the next five years. ADM was not immediately available to comment. Reuters - Feb. 16, 2007.

    Finnish engineering firm Pöyry Oyj has been awarded contracts by San Carlos Bioenergy Inc. to provide services for the first bioethanol plant in the Philippines. The aggregate contract value is EUR 10 million. The plant is to be build in the Province of San Carlos on the north-eastern tip of Negros Island. The plant is expected to deliver 120,000 liters/day of bioethanol and 4 MW of excess power to the grid. Kauppalehti Online - Feb. 15, 2007.

    In order to reduce fuel costs, a Mukono-based flower farm which exports to Europe, is building its own biodiesel plant, based on using Jatropha curcas seeds. It estimates the fuel will cut production costs by up to 20%. New Vision (Kampala, Uganda) - Feb. 12, 2007.

    The Tokyo Metropolitan Government has decided to use 10% biodiesel in its fleet of public buses. The world's largest city is served by the Toei Bus System, which is used by some 570,000 people daily. Digital World Tokyo - Feb. 12, 2007.

    Fearing lack of electricity supply in South Africa and a price tag on CO2, WSP Group SA is investing in a biomass power plant that will replace coal in the Letaba Citrus juicing plant which is located in Tzaneen. Mining Weekly - Feb. 8, 2007.

    In what it calls an important addition to its global R&D capabilities, Archer Daniels Midland (ADM) is to build a new bioenergy research center in Hamburg, Germany. World Grain - Feb. 5, 2007.

    EthaBlog's Henrique Oliveira interviews leading Brazilian biofuels consultant Marcelo Coelho who offers insights into the (foreign) investment dynamics in the sector, the history of Brazilian ethanol and the relationship between oil price trends and biofuels. EthaBlog - Feb. 2, 2007.

    The government of Taiwan has announced its renewable energy target: 12% of all energy should come from renewables by 2020. The plan is expected to revitalise Taiwan's agricultural sector and to boost its nascent biomass industry. China Post - Feb. 2, 2007.

    Production at Cantarell, the world's second biggest oil field, declined by 500,000 barrels or 25% last year. This virtual collapse is unfolding much faster than projections from Mexico's state-run oil giant Petroleos Mexicanos. Wall Street Journal - Jan. 30, 2007.

    Dubai-based and AIM listed Teejori Ltd. has entered into an agreement to invest €6 million to acquire a 16.7% interest in Bekon, which developed two proprietary technologies enabling dry-fermentation of biomass. Both technologies allow it to design, establish and operate biogas plants in a highly efficient way. Dry-Fermentation offers significant advantages to the existing widely used wet fermentation process of converting biomass to biogas. Ame Info - Jan. 22, 2007.

    Hindustan Petroleum Corporation Limited is to build a biofuel production plant in the tribal belt of Banswara, Rajasthan, India. The petroleum company has acquired 20,000 hectares of low value land in the district, which it plans to commit to growing jatropha and other biofuel crops. The company's chairman said HPCL was also looking for similar wasteland in the state of Chhattisgarh. Zee News - Jan. 15, 2007.

    The Zimbabwean national police begins planting jatropha for a pilot project that must result in a daily production of 1000 liters of biodiesel. The Herald (Harare), Via AllAfrica - Jan. 12, 2007.

    In order to meet its Kyoto obligations and to cut dependence on oil, Japan has started importing biofuels from Brazil and elsewhere. And even though the country has limited local bioenergy potential, its Agriculture Ministry will begin a search for natural resources, including farm products and their residues, that can be used to make biofuels in Japan. To this end, studies will be conducted at 900 locations nationwide over a three-year period. The Japan Times - Jan. 12, 2007.

    Chrysler's chief economist Van Jolissaint has launched an arrogant attack on "quasi-hysterical Europeans" and their attitudes to global warming, calling the Stern Review 'dubious'. The remarks illustrate the yawning gap between opinions on climate change among Europeans and Americans, but they also strengthen the view that announcements by US car makers and legislators about the development of green vehicles are nothing more than window dressing. Today, the EU announced its comprehensive energy policy for the 21st century, with climate change at the center of it. BBC News - Jan. 10, 2007.

    The new Canadian government is investing $840,000 into BioMatera Inc. a biotech company that develops industrial biopolymers (such as PHA) that have wide-scale applications in the plastics, farmaceutical and cosmetics industries. Plant-based biopolymers such as PHA are biodegradable and renewable. Government of Canada - Jan. 9, 2007.

Creative Commons License

Wednesday, November 29, 2006

Indian sugar firms upbeat on bioenergy and biofuels

Simbhaoli Sugar Mills Ltd., one of India's top sugar firms, announced it is investing 4.23 billion rupees (€72 / $95.6 million) to ramp up ethanol, sugar and biomass electricity output. The company will boost ethanol production to 210,000 tonnes annually by April 2007 from the current 90,000 tonnes, said Sanjay Tapriya, finance director. Another Indian firm, Triveni Engineering and Industries Ltd., for its part announced it expects its power co-generation and ethanol businesses to contribute 15 percent of annual revenues by 2010.

As part of an ambitious bioenergy program (earlier post), India is rolling out a plan to boost the mixing of ethanol with fuels to cut its dependence on crude oil imports, and sugar firms are rushing to take advantage of the new market. But there are other, policy-related reasons why India's sugar companies are investing in ethanol and bioenergy:
  • The Indian government fixes a floor price which sugar companies must to pay to cane farmers, another reason why sugar firms are diversifying into ethanol and power to mitigate risks as domestic sugar prices have not risen as fast as prices paid to farmers for sugarcane.
  • The Indian government recently imposed a ban on sugar exports, but many expect it to be lifted before the end of the year. Global sugar prices have fallen to about $390-$400 a tonnne from $500 in July. Even when the ban is lifted, sugar prices are not expected to rise. Such wavering sugar policies have posed risks for mills, which is why sugar companies are focusing on areas like ethanol production and power co-generation.
Given this context, let's have a quick look at how some of India's largest sugar producers are reacting by diversifying into bioenergy and ethanol production:
:: :: :: :: :: :: :: :: :: ::

-has four sugarcane crushing mills in Uttar Pradesh, and is the second-largest sugar firm in India, the world's second-largest producer and biggest consumer
-Triveni is setting up its first ethanol distillery with a production capacity of 160,000 litres a day by February 2007
-It is ramping up the capacity of its power co-generation unit to about 67 megawatts of electricity; the feedstock is sugarcane bagasse, a residue
-The company sees triple-digit growth in 2006/2007 profit and sales for its engineering business and a stabilisation of net margins in its sugar business

-owns three sugar units, three distilleries and two power co-generation units in northern Uttar Pradesh
-is investing to raise capacities of sugar mills, distilleries and power co-generation plants and sees distinct opportunities in all three diverse areas for an integrated sugar company
-the company is raising its sugar output to 20,100 tonnes crushed per day (tcd) from 11,000 tcd, while it is ramping up power co-generation capacity to sell about 36 MW of electricity

India is the world's largest consumer of sugar, and its second largest producer, after Brazil. The country is likely to produce 22.7 million tonnes of sugar in the crushing season that began in October against 19 million tonnes in the last season, industry officials have forecast. According to the FAO, the country's sugarcane industry employs some 35 million farmers and their families, concentrated in two main growing areas (click map).


Post a Comment

Links to this post:

Create a Link

<< Home