PetroSun, Incorporated (PINKSHEETS: PSUD) announced today that the field testing of the cultivation of algae for biodiesel production has now progressed to the final stage prior to the construction of a commercial cultivation facility. This final stage will consist of producing adequate algae paste to test the output and economics of several biodiesel refinery manufacturers now under consideration by Algae Biofuels, a wholly owned subsidiary of PetroSun. The Company will own and operate the production and refinery facilities. Read the rest of this entry »

Minneapolis-Based Dougherty & Company to Aid in Ethanol Plant Acquisition Efforts

ICrystal, Inc. (PINKSHEETS: ICRI), a Johnston, Iowa-based ethanol company that is to acquire privately-held ALL Energy Company, today announced today announced that ALL Energy has engaged Dougherty & Company LLC (Dougherty), a Minneapolis-based full service investment banking firm, to assist ALL Energy in acquisitions within the bio-fuel Sector. Read the rest of this entry »

O2Diesel Corporation (AMEX: OTD) today announced that the Karnataka Road Transport Corporation (KSRTC) of the State of Karnataka in India has recently announced that it is switching the first 2,500 buses of its 5,162 bus fleet to O2Dieselâ„¢, an ethanol blended diesel fuel comprised of 7.7% of renewable ethanol and 0.5% of the O2Diesel’s proprietary fuel additive technology based on a successful trial of the fuel. The cleaner burning fuel is marketed in India by the company’s exclusive distributor for the region, Energenics, as “Enerdiesel powered by O2Diesel.” Read the rest of this entry »