BIOFUELS AND EMERGING FUELS

Biofuels boost for Babcock & Brown

BABCOCK & Brown Environmental Investments said today increased media attention on Australian biof...

BEI’s comments were made in response to an ASX query regarding trading in the company on February 2, when the price of BEI securities rose from $A2.04 to $A2.30.

The company said Bush’s stated goal of reducing US oil imports by up to 75% by 2025 may have increased investor confidence in US renewable fuel companies, including ethanol producer Denco, which BEI acquired on January 3, 2006.

The company also noted its equal partner in Natural Fuels Australia, unlisted company Natural Fuel Limited, had released information to a small number of wholesale investors on February 3 regarding NFAL’s planned activities in the US.

According to BEI, the NFL memorandum included information regarding the potential development and operation of biodiesel plants in North America and the restructuring of a US company (USCo) as a 50/50 venture between BEI and NFL.

BEI told the ASX today that there were many factors involved in these plans that were beyond its control and that BEI was still in the process of performing due diligence before making any recommendations.

BEI said that in recent months, its capital raising initiatives had been largely oversubscribed, and last week increase in BEI securities traded volume and price increase may have been the result of unsatisfied consumer demand.

BEI securities listed on the ASX closed at $A2.39 yesterday, climbing almost 10% throughout the day’s trading.

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry