Bioenergy News from North America

Shell's algae biofuel shares bought out by Cellana

Shell has stopped its efforts to partake in the algae biofuel industry after Cellana bought out its shares.

Cellana is a joint venture founded by Shell and HR Biopetroleum (HRBP).

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Biofuels Developer Gevo Raises $107 Million in Initial Public Offer

Gevo Inc., the developer of biofuels backed by billionaires Vinod Khosla and Richard Branson, raised $107 million in a U.S. initial public offering, pricing its shares at the high end of the forecast range.

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Workshop to focus on biofuel crops

Farmers will have an opportunity to learn about biofuel crops kenaf and camelina that are currently being grown on a farm in Lorida during a workshop next week.

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Laidlaw Energy Group to acquire biomass power plant

Renewable energy company Laidlaw Energy Group is to gain a biomass-fired power station after it entered into a Letter of Intent on the 7th Feb 2011.

Laidlaw will buy the 14MW biomass plant from Renegy Holdings and other affiliated shareholders.

The president and CEO of Laidlaw Michael Baroszek notes: 'This transaction is part of a larger strategy of growth and diversification that we have been working on for some time. We shortly expect to announce another major acquisition that will further expand our business.'

Laidlaw expends for the transaction to close within the next 45-60 days.

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Tequila may lead to a better source of biofuels

Researchers have discovered that the Agave plant, used in making tequila, may be an excellent source of biofuels, with two agave species producing yields of biofuels that far surpassed the yields from biofuel feedstocks such as corn, wheat, soybean, and sorghum.

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