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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 05, 2009
Page
13
Washington reports a small drop in the unemployment rate to 10 percent as job cuts slow, with 159000 fewer losses in September and October revisions. The underemployment rate falls to 17.2 percent amid long job searches. analysts warn a rebound remains fragile and weak.
The federal government will invest 564 million dollars with private partners to build 19 biorefinery projects in 15 states including Iowa. Projects will use agriculture and forest waste to produce fuels, with demonstrations aiding private investment and job creation in rural America.
The Elevance Renewable Sciences biorefinery in Newton gains 2.5 million from the U S Department of Energy to fund preliminary design for a facility producing jet fuel renewable diesel substitutes and high value chemicals from plant oils and poultry fat. Renewable Energy Group will acquire Central Iowa Energy assets to support the project and seek 2 67 million from the Iowa Power Fund plus 800 000 from the Iowa Department of Economic Development as part of an 8.68 million endeavor with Elevance contributing up to 5.2 million.
Chevron will remove its branding from about 1100 service stations in the eastern United States by mid 2010 and shift focus to regions where it holds strong market share. Customers can still buy gas at the sites as owners switch to other brands.
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