NEWS
December 11, 2011
New Hampshire-based biofuels company Mascoma Corp. has entered into an agreement with energy giant Valero to build a plant that produces ethanol in Michigan's Upper Peninsula using Mascoma's proprietary technology. Mascoma, of Lebanon, agreed to the deal with Texas-based Valero to build the $233 million plant in Kinross, Mich. It would produce millions of gallons of "second generation" ethanol. Valley News of Lebanon ( http://bit.ly/tGpBoy) says the plant would be Mascoma's first commercial-scale facility.
NEWS
August 4, 2011 | By John Laidler, Globe Correspondent
A plan by Global Partners to begin shipping ethanol by rail to its Revere terminal is drawing concern in the city, where it is the focus of a nonbinding ballot question. According to Fire Chief Gene Doherty, the Waltham-based oil distributor is planning to transport ethanol from Albany, N.Y., to its Revere facility on Lee Burbank Highway (Route 1A). Between Devens and Revere, he said, the trains would travel by night, in at least some places using commuter rail tracks that are used by the MBTA during the day. The shipments would be made every three to five days with 60-car trains, according to...
BUSINESS
July 27, 2011 | By Kaivan Mangouri, Globe Correspondent
A Cambridge company developing technology to make ethanol more efficiently said it has been granted two key US patents. Joule Unlimited Technologies has made significant progress toward its goal of finding a way to produce 25,000 gallons of ethanol per acre, spokeswoman Felicia Spagnoli said yesterday. The alternative energy fuel is made from various sources, including corn. The company uses microorganisms that capture carbon dioxide from industrial sources, such as factories, and manipulates them to create ethanol as a product of photosynthesis.
SPORTS
July 17, 2011 | By Erin Ailworth, Globe Staff
NASCAR has long been a marketing powerhouse, tapping the loyalty of stock car racing fans to boost sales of whatever brands adorned drivers' vehicles - be it soda, laundry detergent, or cars - and earning the unofficial slogan: Win on Sunday, sell on Monday. Now, US ethanol makers are hoping that NASCAR's promotional muscle can do for the alternative - and, in some quarters, controversial - fuel what it has done to make household names of companies such as Office Depot, Sprint, and Coors.
NEWS
July 8, 2011 | Associated Press
WASHINGTON - Two senators from ethanol-producing states proposed yesterday to immediately end a tax credit for the corn-based fuel, agreeing to support shifting some of that money to debt reduction. Senators Amy Klobuchar, Democrat of Minnesota, and John Thune, Republican of South Dakota, along with ethanol opponent Senator Dianne Feinstein, Democrat of California, have proposed diverting $1.3 billion of the money remaining for the tax break this year to pay for debt reduction.
BUSINESS
June 14, 2011 | David Espo, AP Special Correspondent
The Senate refused to kill a $5 billion annual subsidy for ethanol on Tuesday, backing continued government aid for a Farm Belt-based industry over deficit reduction in an era of record red ink. The 40-59 vote, far short of the 60 needed to advance the measure, reflected regional as well as partisan differences, a split among Republicans — and anything but the final word on the issue. “We continue to spend money that we don’t have on things that we don’t need,’’ said Sen. Tom Coburn, R-Okla., a prominent deficit hawk who led the effort to eliminate the...