Biofuel news roundup: Pandas, the Postal Service and Case Construction Equipment

Three short stories, now, about biofuels in the corporate world. First, winner of the cutest name for a biofuel company, Panda Ethanol Inc. announced yesterday that it would merge with an unnamed company (well, unnamed in the press release. The company is actually Cirracor Inc.) and that it had "closed a private placement of approximately 14.9 million shares of its common stock for a total gross proceeds of $90 million," according to a press release. These two actions will help Panda finance ongoing construction of the 100 million gallon, manure-fueled ethanol project in Hereford, Texas.
Second, the United States Postal Service has been testing and using a variety of alternative fuel vehicles in its fleet of delivery trucks (and some mail carriers rode those Segways, remember?) for a while, so it's little surprise that the USPS should be recognized for its work. The White House thought so, too, and on Monday honored the USPS with a 2006 Closing the Circle (CTC) Award for using biodiesel in some of its vehicles. CTC Awards recognize "outstanding achievements of federal employees and their facilities for efforts that result in significant contributions to environmental stewardship", according to the press release.

Finally, Case Construction Equipment announced yesterday that you can now put B5 in any of the company's mechanical engines, and most will accept B20. The company intends to keep increasing the percentage of renewable fuel that can be safely used. "We do not intend to stop at B5 and B20 in our quest to help customers reduce their operating costs," company President Jim McCullough said in a press release. "Case is committed to working with its partners to push toward higher-level biodiesel blends that will be compatible with future low-emissions-compliant engines."

[Source: Panda Ethanol Inc., USPS, Waste News]

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