World Grain - April 2007 - 53

BIOFUELS QUARTERLY: BIOFUELS NEWS DIGEST

Everton Energy appoints
Jerry Byrnes as CFO
WICHITA, KANSAS, U.S. - Everton Energy announced on Feb. 26 the appointment of
Jerry Byrnes as the company's chief financial
officer (CFO). As CFO, Byrnes is responsible
for the overall oversight, planning and reporting of the company's financial results.
Byrnes comes to Everton Energy with a
background in both the grain and ethanol
industries. The company said Byrnes has
worked with start-up companies, and his
experience in putting policies, procedures,
financing and controls in place within the
first few months will be a tremendous asset
to Everton. His 14 years in the grain industry
as a CFO/controller strengthens Everton's
commodity trading, risk management and
financial expertise, noted Bert Farrish, president and chief executive officer.
Everton's first plant will be a 110-milliongallon-per-year ethanol facility near Concordia, Kansas, U.S. Construction of the Concordia plant is scheduled to begin in July 2007.
Everton said it plans to build or acquire
additional plants. These plants could be in
major corn production areas or "destination" plants near major ethanol consumption
areas. Everton is also examining developing
other bio-energy projects such as biodiesel
both inside and outside the continental U.S.

Plans announced for
Australia's largest
ethanol plant
JUNEE, AUSTRALIA - Plans have been
announced for what would be Australia's largest ethanol plant, but the proponents have yet
to secure funding for the project.
Marinna Energy said in March that it wants
to build a $220 million refinery near Junee
in southern New South Wales. Director John
Durst says commitments to an ethanol mandate will attract investors to make the project
happen.
"Having both the NSW Government and
the Opposition saying they're going to mandate and moving towards 10% by 2011, it really means that all those companies we've had
online, that we've been talking to, we'll enter
now into very serious negotiations," he said.
Durst says Riverina growers would be
sought to help supply 1.3 million tonnes of
wheat per year to the plant to produce 500
million liters of ethanol. He said he hopes the
plant will start producing fuel grade ethanol
by early 2009.

Japan aims for 6 million barrels of biofuels per year by 2030
TOKYO, JAPAN - The Japanese government could aim by 2030 to lift domestic output of
biofuels to 6 million barrels a year, the equivalent of roughly 10% of gasoline consumption.
This target was included in a report to be submitted to Prime Minister Shinzo Abe in
March.
The nation lags far behind others in production of ethanol, turning out just 30 kiloliters a
year. Brazil and the U.S. produce 16.7 million and 15 million kiloliters, respectively.
Japan now uses wheat and sugarcane to make ethanol, but in the future it intends to develop
technology enabling efficient production using rice straw and wood.

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