Midwest Energy Partners will back two oil/gas producers. New technologies could stoke investor returns from wells in Illinois
Basin, where production peaked decades ago.
Heritage-Crystal Clean Inc. plans to build an oil re-refinery in Speedway, creating as many as 75 new jobs by 2013.
Poet LLC plans to reopen the former Altra Biofuels plant in nine months, creating as many as 45 jobs.
A firm that may have developed a breakthrough yeast for ethanol production has landed new investment and high-octane board
members. Two-year-old Xylogenics Inc. also says it plans to license its first bioengineered yeast later this year.
A Purdue University-based company has reached a deal giving Chinese and Danish firms access to a patented product that makes
it easier to turn wood chips, grasses and other agricultural wastes into ethanol.
Indianapolis-based CountryMark, a co-op that provides fuel to farmers, has acquired 600 oil wells and other assets in the
Illinois basin.
For years, ethanol fuel derived from corn was almost politically untouchable, thanks to powerful advocates on Capitol Hill.
The ethanol industry has consequently exploded over the last decade, thanks to government subsidies and incentives. But skepticism
about ethanol is rising, prompted by fluctuating food prices and an organized campaign by anti-ethanol advocates to discredit
the industry.
City will be among first to conduct demonstration of several plug-in electric vehicles prior to their market
launch next year.
Converting the U.S. trucking industry to natural gas will benefit manufacturers including Columbus-based Cummins Inc., T. Boone Pickens says.
Ricker Oil’s Oct. 22 suit claims British petroleum giant BP is charging unjustified royalty fees while delivering no boost
from its national advertising, its proprietary IT system or its bulk purchase pricing.
Pendleton-based Remy International today formally unveiled its ‘off the shelf’ electric motors for hybrid vehicles.
Indianapolis truck dealer Utility-Peterbilt leased its first hybrid medium-duty truck this summer after enduring months of
tire-kicking but no action from fleet buyers and plenty of interest from television-news types.
Indianapolis Mayor Greg Ballard and other city officials will travel to Brazil in May to explore renewable-energy production,
in hopes of making the city a leader in the technology.
At Purdue University, the quest for a new missile and spacecraft fuel has
brought together an oil-and-vinegar mix of rocket scientists and food scientists.
Poet Biorefining has four more Indiana ethanol plants on the drawing board, but they’ll stay on paper until capital markets
and demand for the biofuel improve, an executive of the South Dakota company said on a recent trip to Indianapolis
A state fund supporting an 18-cent-a-gallon tax credit for gas stations selling E85 ethanol was exhausted in the first three
months of the state’s new fiscal year.
Hampered much of the year by high fuel prices, trucking companies still may be in for a long haul before they’re back on the
road to recovery.
Last month, Purdue University launched the Center for Energy Systems and Policy to make sure its researchers
are working early in the process with business and public-policy experts at the university.
Sky-high oil prices have rekindled an industry in east-central Indiana that many thought had run its course a century ago.
A handful of wily prospectors motivated by oil prices approaching $150 a barrel are betting that’s not the case.
Indianapolis-based engineering and consulting giant RW Armstrong has become lead investor in an upstart ethanol firm that
would apply novel technology to make the automotive fuel without using corn as the key ingredient. It would be the first big
commercial plant in Indiana to make the alcohol fuel with so-called cellulosic material–the holy grail, of sorts, in the
ethanol
industry.
