Beacon Energy Corp., an emerging producer and investor in the developing biodiesel sector, has become a wholly-owned subsidiary of Beacon Energy Holdings, Inc., a public reporting company. As a result of the transaction, all stockholders of Beacon Energy Corp. exchanged their interests for stock of the public company.
Source: Beacon Energy Corp.
Beacon Energy Corp. was formerly [...]
Shares of ethanol producers dropped after a Citi Investment Research analyst said some small to mid-size companies might have to shut down soon after severe flooding in the Midwest boosted corn prices.
Analyst David Driscoll said the floods caused “irreparable damage to this year’s crop” and pushed prices up, harming ethanol margins.
“As a result of [...]
H.J. Heinz Co. plans to reduce its greenhouse gas emissions by 20 percent within about 7 years.
Chief Executive Bill Johnson says Heinz is finding new ways to reduce its environmental impact, which includes converting potato peels into biofuel and reducing packaging by 15 percent.
Heinz says it will cut energy consumption and reduce waste through increased [...]
In a report to be released Tuesday, London-based New Finance Energy says increased biofuels production is not a primary culprit behind rising food prices.
The study looks at food price increases from 2004 to 2008 and factors such as input costs, dollar depreciation, supply and demand, and speculative activity. It finds that growing emphasis on biofuels [...]
Economist Jeffrey Sachs said the U.S. and European Union should reconsider their emphasis on biofuels made from crops grown on land that had previously been used to produce food. Speaking to reporters before an address to EU lawmakers, Sachs said targets to produce more such fuels “do not make sense now in a global food [...]
New United Nations special adviser on food Olivier de Schutter has called for an immediate freeze on investment in biofuels - crops which can be converted into energy, instead of food.
Mr de Schutter says the pursuit of biofuels is contributing to a global food crisis threatening 100 million of the world’s poorest people.
He has described [...]
