Fuel

Frontier Airlines cuts second-quarter capacity plans

March 7, 2011
Associated Press
Indianapolis-based Republic Airways Holdings Inc. said Monday that it is reducing growth plans for its Frontier Airlines unit because of uncertainty about future oil prices.
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Rising pump prices rattle drivers, businesses

February 28, 2011
Associated Press
High fuel prices are forcing tough choices on small-business owners who are loathe to charge more for fear of losing cost-conscious customers.
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Purdue professor says ethanol consumption has its limits

January 8, 2011
 IBJ Staff
Current infrastructure for delivering the alternative fuel isn't adequate to use all that the federal government says must be produced.
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Ricker rebranding 17 Indianapolis convenience stores

December 21, 2010
Cory Schouten
Anderson-based Ricker Oil Co. is changing the name on the ampm shops, which it acquired in 2008 from a division of oil giant BP, to match the remainder of its 50 Indiana stores.
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Indianapolis-based Xylogenics licenses yeast strain to ethanol producer

August 28, 2010
 IBJ Staff
Xylogenics claims its yeast strain, developed at the Indiana University School of Medicine, can increase yields and lower costs of producing corn ethanol.
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Local racing-fuel supplier expands territory to 26 states

August 26, 2010
Scott Olson
National Biofuels Distribution LLC, a subsidiary of Carmel-based Telamon Corp., signs two distribution contracts to expand its distribution reach. The company began marketing its ethanol-based racing fuel, Ignite, about a year ago.
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Oil, gas investment firm targets downstate potential

August 24, 2010
Chris O'Malley
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.
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Environmental services firm to build $40M refinery

July 13, 2010
Kathleen McLaughlin
Heritage-Crystal Clean Inc. plans to build an oil re-refinery in Speedway, creating as many as 75 new jobs by 2013.
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Promising ethanol yeast nears market launchRestricted Content

June 19, 2010
Chris O'Malley
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.
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CountryMark acquires oil wells in southern Indiana

May 12, 2010
J.K. Wall
Indianapolis-based CountryMark, a co-op that provides fuel to farmers, has acquired 600 oil wells and other assets in the Illinois basin.
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Indianapolis to demonstate plug-in electric vehicles

February 18, 2010
Chris O'Malley
Green watch
                           video iconCity will be among first to conduct demonstration of several plug-in electric vehicles prior to their market launch next year.
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Pickens' natural-gas plan may prove boon to truck builders

January 22, 2010
Bloomberg News
Converting the U.S. trucking industry to natural gas will benefit manufacturers including Columbus-based Cummins Inc., T. Boone Pickens says.
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Anderson gas-station chain sues BP after 32-store deal sours

October 31, 2009
Peter Schnitzler
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.
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Remy unveils 'off the shelf' electric motor

October 6, 2009
Chris O'Malley
Pendleton-based Remy International today formally unveiled its 'off the shelf' electric motors for hybrid vehicles.
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Local truck dealer strikes deal for big daddy of hybrids

September 9, 2009
Chris O'Malley
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.
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Ballard trip to explore clean energyRestricted Content

April 6, 2009
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.
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Quest for new rocket fuel leads scientists to kitchenRestricted Content

March 16, 2009
Sam Stall
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.
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Potent potential for ethanol?Restricted Content

March 16, 2009
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
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Volatile prices take a toll on gas station ownersRestricted Content

January 26, 2009
Cory Schouten
Last year's record-high fuel prices played a big role in a rash of shuttered gas stations in Indianapolis. The number of gas stations nationwide has slipped from about 200,000 in the 1990s to fewer than 160,000 today. In Indiana, the count has dropped from 3,500 to about 3,000.
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Fund to fuel ethanol use out of gasRestricted Content

December 29, 2008
Chris O'Malley
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.
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Diesel dip in price not fueling trucking recoveryRestricted Content

December 8, 2008
Scott Olson
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.
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Purdue University launches Center for Energy Systems and Policy to meld research, business, public policyRestricted Content

November 10, 2008
Chris O'Malley
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.
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Oil companies drill in Indiana fields thought to be 'played out' a century agoRestricted Content

July 14, 2008
Chris O'Malley
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.
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Local engineering firm backing effort to turn garbage into ethanolRestricted Content

May 26, 2008
Chris O'Malley
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.
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Road getting bumpy for ethanol plantsRestricted Content

December 10, 2007
Chris O'Malley
The list of potential Hoosier ethanol plants is nothing short of astounding for a state that had just one ethanol-fuel distillery as recently as 2005. Beyond the six ethanol plants now operating and six others under construction, Purdue University agricultural economist Chris Hurt counts 27 others under consideration for Indiana.
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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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