Day Tradexchange Inc. (SYNJ)

[Bramabill]

Very hard to imagine that is true when the entire govt funding program for biofuels is less than 70 million. Keep in mind any type of project will take 3-4 years to come on line


Biofuels:

* The U.S. Department of Energy unveiled Friday the three companies selected to receive up to $86 million in federal funding to develop small-scale biorefineries. RSE Pulp & Chemical and Ecofin are eligible for up to $30 million and Mascoma could see as much as $26 million. Expected to be operational within four years, the biorefineries will produce transportation fuels such as cellulosic ethanol and bio-based chemicals and industrial products.

* Albany, N.Y.-based Innovation Fuels and European Arpadis Group unveiled their joint venture Monday called Innovation Fuels Europe. The newly minted company based in Antwerp, Belgium, will market and distribute biodiesel throughout Europe. Innovation Fuels also announced Monday that it grabbed $15.5 million from Credit Suisse Customized Fund Investment Group, RNK Capital and Lyrical Partners. The United States-based company did not disclose how the financing will be used.