By Jim Lane, Biofuels Digest:
In Iowa, Renewable Energy Group announced revenue for the second quarter of $271.9 million, up 39 percent compared to Q2 2011, and second quarter earnings of $26.5 million, up 3% – based on production rising 30% to 43 million gallons and sales rising 63% to 54 million gallons.
The earnings announcement gives us an opportunity to look at the overall position of biodiesel as an advanced biofuel – after a first half of 2012 in which most observers were tuned intently on the commercialization story of next-gen biofuels and the struggles with rain and yields in the corn and sugarcane ethanol markets.
As is sometimes overlooked, the advanced biofuels pool in the US Renewable Fuel Standard is not only a qualifying pool for cellulosic biofuels – which have struggled to come to market in the projected volumes. It is also a qualifying pool for drop-in renewable diesel and for biodiesel… Read more