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Edited by
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Charlotte Batson
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Project and Location News
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Elevance Brings 165 New Jobs to Natchez
Illinois-based Elevance Renewable Sciences has purchased the old Delta BioFuels facility. The company will revamp and expand the 800,000 square-foot building so it can make its specialty chemicals for use in personal care products, detergents, plastics, lubricants and a few other things. The project will create 165 new jobs over several phases that are expected to take 5 years to implement. The Strategic Biomass Solutions (SBS) team at the Mississippi Technology Alliance worked with Delta Biofuels, Elevance and the Mississippi Development Authority to facilitate this project. Dr Sumesh Arora, director of Strategic Biomass Solutions said, "It is exciting to help bring cutting edge technologies to Mississippi that will lead to highly skilled jobs in the rapidly growing bio-based chemicals business." Read the entire article.
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Policy Update
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Diesel Plant Withdraws Loan Guarantee App. and Secures Financing
Diamond Green Diesel LLC, a joint venture of Darling International Inc. and Valero Energy Corp., has secured financing for the construction of its renewable diesel plant in Norco, La. The proposed 137 MMgy facility will be located adjacent to an existing Valero oil refinery. The project will not be partially funded by a DOE loan guarantee as previously planned. Read the entire article.
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 | Market Trends | |
Chinese Electric Car Market Offers Potential With Substantial Risk
China offers the potential of being the largest market for electric cars in the world. The Chinese government is offering subsidies to customers with the goal of 500,000 electric vehicles on their roads by 2015. Foreign firms are salivating at the prospect, but they are also nervous about new rules being drafted that would require them to share IP and other rights with their Chinese JV partners.
Read the entire article.
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Event News It's Not too Late!
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Renewable Energy Venture Development Academy - IP Resort - Biloxi, MS - July 13, 2011
This course, developed and taught by Tony Jeff, Dr. Sumesh Arora, and Taimerica, provides a comprehensive set of tools and methodologies to screen, develop, or coach innovation-based renewable energy ventures. The participants will learn about the venture development process as you walk through the phases of the venture/project development and learn to identify risk in five key areas of the venture development and challenges and opportunities as they relate to the renewable energy markets
- Product/technical risk
- Market risk
- Finance risk
- Management risk
- Execution risk
Site requirements for Alternative Energy projects is also discussed. This course is open to economic developers: local, regional and those representing utility companies who are working with renewable energy companies to deploy such projects as well as to all entrepreneurs and project developers who are trying to implement renewable energy projects or starting new ventures in the rapidly changing market segment. All participants will receive comprehensive course materials from the workshop and will have the ability to consult with Dr. Sumesh Arora and Tony Jeff at no-charge for a period of six months after successful completion of the course.
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Solazyme's IPO Places It on NASDAQ
San Francisco-based algae company Solazyme's IPO raised $198 million in selling 11 million shares in late May. Shares rose above $21 on the first day of trading before closing at $20.71. Solazyme is one of the first major algae-to-fuels companies to list on a major exchange.
Read the entire article.
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 | Workforce Trends |
DOE Creates Manufacturing Job Training PartnershipsDOE announced June 29 a series of new manufacturing job training partnerships using DOE's National Training and Education Resource (NTER). DOE will be partnering with the Manufacturing Institute, the Ford Partnership for Advanced Studies, and Macomb Community College outside of Detroit, Michigan. The program will provide students with highly interactive and engaging materials in a variety of science, technology, engineering, and math areas, as well as virtual technician training. Partners can access resources available through NTER, an open-source, Web-based, interactive learning environment.
Learn more here.
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