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    A group of Spanish investors is building a new bioethanol plant in the western region of Extremadura that should be producing fuel from maize in 2009. Alcoholes Biocarburantes de Extremadura (Albiex) has already started work on the site near Badajoz and expects to spend €42/$59 million on the plant in the next two years. It will produce 110 million litres a year of bioethanol and 87 million kg of grain byproduct that can be used for animal feed. Europapress - September 28, 2007.

    Portuguese fuel company Prio SA and UK based FCL Biofuels have joined forces to launch the Portuguese consumer biodiesel brand, PrioBio, in the UK. PrioBio is scheduled to be available in the UK from 1st November. By the end of this year (2007), says FCL Biofuel, the partnership’s two biodiesel refineries will have a total capacity of 200,000 tonnes which will is set to grow to 400,000 tonnes by the end of 2010. Biofuel Review - September 27, 2007.

    According to Tarja Halonen, the Finnish president, one third of the value of all of Finland's exports consists of environmentally friendly technologies. Finland has invested in climate and energy technologies, particularly in combined heat and power production from biomass, bioenergy and wind power, the president said at the UN secretary-general's high-level event on climate change. Newroom Finland - September 25, 2007.

    Spanish engineering and energy company Abengoa says it had suspended bioethanol production at the biggest of its three Spanish plants because it was unprofitable. It cited high grain prices and uncertainty about the national market for ethanol. Earlier this year, the plant, located in Salamanca, ceased production for similar reasons. To Biopact this is yet another indication that biofuel production in the EU/US does not make sense and must be relocated to the Global South, where the biofuel can be produced competitively and sustainably, without relying on food crops. Reuters - September 24, 2007.

    The Midlands Consortium, comprised of the universities of Birmingham, Loughborough and Nottingham, is chosen to host Britain's new Energy Technologies Institute, a £1 billion national organisation which will aim to develop cleaner energies. University of Nottingham - September 21, 2007.

    The EGGER group, one of the leading European manufacturers of chipboard, MDF and OSB boards has begun work on installing a 50MW biomass boiler for its production site in Rion. The new furnace will recycle 60,000 tonnes of offcuts to be used in the new combined heat and power (CHP) station as an ecological fuel. The facility will reduce consumption of natural gas by 75%. IHB Network - September 21, 2007.

    Analysts fear that record oil prices will fuel general inflation in Kenya, particularly hitting the poorest hard. They call for the development of new policies and strategies to cope with sustained high oil prices. Such policies include alternative fuels like biofuels, conservation measures, and more investments in oil and gas exploration. The poor in Kenya are hit hardest by the sharp increase, because they spend most of their budget on fuel and transport. Furthermore, in oil intensive economies like Kenya, high oil prices push up prices for food and most other basic goods. All Africa - September 20, 2007.

    Finland's Metso Power has won an order to supply Kalmar Energi Värme AB with a biomass-fired power boiler for the company’s new combined heat and power plant in Kalmar on the east coast of Sweden. Start-up for the plant is scheduled for the end of 2009. The value of the order is approximately EUR 55 million. The power boiler (90 MWth) will utilize bubbling fluidized bed technology and will burn biomass replacing old district heating boilers and reducing the consumption of oil. The delivery will also include a flue gas condensing system to increase plant's district heat production. Metso Corporation - September 19, 2007.

    Jo-Carroll Energy announced today its plan to build an 80 megawatt, biomass-fueled, renewable energy center in Illinois. The US$ 140 million plant will be fueled by various types of renewable biomass, such as clean waste wood, corn stover and switchgrass. Jo-Carroll Energy - September 18, 2007.

    Beihai Gofar Marine Biological Industry Co Ltd, in China's southern region of Guangxi, plans to build a 100,000 tonne-per-year fuel ethanol plant using cassava as feedstock. The Shanghai-listed company plans to raise about 560 million yuan ($74.5 million) in a share placement to finance the project and boost its cash flow. Reuters - September 18, 2007.

    The oil-dependent island state of Fiji has requested US company Avalor Capital, LLC, to invest in biodiesel and ethanol. The Fiji government has urged the company to move its $250million 'Fiji Biofuels Project' forward at the earliest possible date. Fiji Live - September 18, 2007.

    The Bowen Group, one of Ireland's biggest construction groups has announced a strategic move into the biomass energy sector. It is planning a €25 million investment over the next five years to fund up to 100 projects that will create electricity from biomass. Its ambition is to install up to 135 megawatts of biomass-fuelled heat from local forestry sources, which is equal to 50 million litres or about €25m worth of imported oil. Irish Examiner - September 16, 2007.

    According to Dr Niphon Poapongsakorn, dean of Economics at Thammasat University in Thailand, cassava-based ethanol is competitive when oil is above $40 per barrel. Thailand is the world's largest producer and exporter of cassava for industrial use. Bangkok Post - September 14, 2007.

    German biogas and biodiesel developer BKN BioKraftstoff Nord AG has generated gross proceeds totaling €5.5 million as part of its capital increase from authorized capital. Ad Hoc News - September 13, 2007.

    NewGen Technologies, Inc. announced that it and Titan Global Holdings, Inc. completed a definitive Biofuels Supply Agreement which will become effective upon Titan’s acquisition of Appalachian Oil Company. Given APPCO’s current distribution of over 225 million gallons of fuel products per year, the initial expected ethanol supply to APPCO should exceed 1 million gallons a month. Charlotte dBusinessNews - September 13, 2007.

    Oil prices reach record highs as the U.S. Energy Information Agency releases a report that showed crude oil inventories fell by more than seven million barrels last week. The rise comes despite a decision by the international oil cartel, OPEC, to raise its output quota by 500,000 barrels. Reuters - September 12, 2007.

    OPEC decided today to increase the volume of crude supplied to the market by Member Countries (excluding Angola and Iraq) by 500,000 b/d, effective 1 November 2007. The decision comes after oil reached near record-highs and after Saudi Aramco announced that last year's crude oil production declined by 1.7 percent, while exports declined by 3.1 percent. OPEC - September 11, 2007.

    GreenField Ethanol and Monsanto Canada launch the 'Gro-ethanol' program which invites Ontario's farmers to grow corn seed containing Monsanto traits, specifically for the ethanol market. The corn hybrids eligible for the program include Monsanto traits that produce higher yielding corn for ethanol production. MarketWire - September 11, 2007.

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Tuesday, March 13, 2007

Inter-American Development Bank launches energy and climate change initiative

The Inter-American Development Bank (IDB) has approved its 'Sustainable Energy and Climate Change Initiative'. The plan aims to help the countries of Latin America and the Caribbean to expand the use of renewable energy and energy efficiency technologies, increase their access to international carbon finance, and support efforts to adapt to climate change.

The initiative calls for action in four key areas:
  1. Renewables: the IDB will help countries to assess their potential for renewable energy and energy efficiency to meet their energy needs. It will also work to minimize regulatory, institutional, and financial barriers to making investments in these areas while increasing incentives. In addition, the IDB will finance renewable energy and energy efficiency projects.
  2. Biofuels: the initiative also calls for the IDB to help countries assess their potential as producers of biofuels, promote policies that support biofuel development, and finance biofuel projects and the adaptation of new biofuel technologies.
  3. Greenhouse gas emissions: the Bank will develop so-called Clean Development Mechanism (CDM) projects in which entities in industrialized countries receive credit in exchange for financing projects in developing countries that reduce greenhouse gas emissions. The IDB will work to lower transaction costs and risks for such operations as well as strengthen the capacity of the region’s countries to participate in the international carbon market.
  4. Climate risk assessments: the IDB will consider the risk of climate change in operations in its borrowing countries, particularly to reduce the vulnerability of urban and regional infrastructure and rural communities.
In the past year the IDB approved financing for a number of projects to promote sustainable energy and climate change mitigation. The included the following:
:: :: :: :: :: :: :: :: :: ::
  • Support for creating business models for energy efficiency services
  • An analysis of the role and potential for biofuels in Central America.
  • An assessment of the potential for biofuel production from sugar cane in Guyana, Jamaica and Barbados and the possibilities for these countries to obtain carbon credits through the CDM specialized market.
  • An assessment study of biofuels for transport in Mexico.
  • An operation to improve energy efficiency in water pumping systems in El Salvador.
  • A study of opportunities to increase efficiency in residential, service and commercial sectors in Central America.
  • The development of a renewable energy tool kit tailored for Latin America.
  • Assistance to countries in preparing CDM documentation.
In June of this year the IDB will present an action plan that establishes targets, milestones, timeframes, responsibilities for priority actions and a budget for activities included in the initiative. The plan will also include activities for raising awareness and providing technical support to IDB staff and the Bank’s clients. In addition, the Bank will meet with donor agencies to establish financial contributions for the initiative.

The new initiative and action plan follow a series of studies and events that the Bank has undertaken to identify opportunities and needs for renewable energy, energy efficiency and climate change mitigation and adaptation. Last November the IDB held a regional conference, “Sustainable Energy and Climate Change Investment in Latin American and the Caribbean” in which decision-makers from the public and private sectors discussed how to increase investments in sustainable energy in the priority areas of energy production, housing, transportation and industry, as well as opportunities for climate change mitigation and adaptation.


Eddy said...

COMMENT, may you please think of opening an office in Tanzania Dar-es-salaam ,which will be supporting people who are trying to educate the community of using other materials to produce energy, apart from always cutting down trees for firewood, this is mostly done in village areas but even in town, agood number of people are still using chacoal in their domestic activities.This keeps on destroying our environment.PLEASE THINK OF THAT,The area I come from ,the weather condition has changed verry much due to the ploblem of cutting down trees,we need to educate them of how they can even use the cow dang to produce energy for domestic use, insteady of going on cutting down trees for charcoal, Now I am 37 years old, when I was young my village was well surrounded with green trees, but now because of the above said problem the area looks like a desert, as it has never been covered with trees/green vegitation.Please help my people to eradicate the problem.I am ready to prepare a team which can do that as you being the director and sponsor, if Iam suported.Profesionaly, I am a Tutor having studied Geography as my major subject.SINDAGURU JOHN KISUKA ,P.O.Box 54444 DSM TANZANIA.Mobile No,+255 717 428311.

3:28 PM  

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