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USDA closes on $105M loan guarantee to Fulcrum for biorefinery converting municipal waste to renewable jet fuel; first USDA loan for biojet

Green Car Congress

USDA is negotiating three additional loans for biorefineries in Iowa, North Carolina and Oregon. These loans would provide financing to produce renewable fuels from woody biomass, municipal solid waste and energy grasses such as switch grass, miscanthus and arundo donax. INEOS New Plant Bioenergy, located in Vero Beach, Fla.,

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DSM and POET form major JV for cellulosic bioethanol; POET to decline $105M DOE loan guarantee

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In light of its joint venture with DSM, POET said it will not utilize the loan guarantee it was awarded by the US Department of Energy (DOE) on 23 September 2011 to finance Project LIBERTY. In November, 2008, the company started operating a cellulosic bio-ethanol pilot plant at its research center in Scotland, South Dakota.

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USDA provides $91M loan guarantee to Cool Planet for biogasoline blendstock plant; biomass pyrolysis and catalytic conversion

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USDA’s loan commitment to Cool Planet is being financed from the remainder of the Biorefinery Assistance Program funds authorized in the 2008 Farm Bill. An additional project financed from these funds will be announced later this month. Earlier post.). Congress reauthorized and extended the program in the 2014 Farm Bill.

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Mn/DOT assessing potential for mileage-based user fee to replace fuel tax; Battelle conducting technology assessment

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Other state DOTs also are researching alternative financing methods to supplement or replace a gas tax. The state of Oregon conducted a similar study completed in November 2007 and Iowa, Nevada and Texas are among several states currently researching mileage-based user fees.

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Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution

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The first auction for allowances was held on September 25, 2008. Since September 2008, RGGI has raised $583 million for the states in these quarterly auctions of permits with between 65 and 70 percent of cap-and-trade proceeds going back into the clean energy economy. Financing Investments and Other Public Expenditures.

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