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IG Metall warns that Krupp Mannesmann steel plant may fail due to lack of financing for conversion to climate-neutral steel production

Green Car Congress

IG Metall, Germany’s largest union as well as Europe’s largest industrial union, warns that at Hüttenwerke Krupp Mannesmann (HKM), the switch to climate-neutral steel production is may fail due to the lack of financing. By 2025 HKM will have taken measures to reduce CO 2 emissions by at least 30% when compared to 2014.

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DOE closes on $504M loan guarantee for world’s largest clean hydrogen and energy storage project

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million loan guarantee to the Advanced Clean Energy Storage project in Delta, Utah (ACES Delta)—marking the first loan guarantee for a new clean energy technology project from DOE’s Loan Programs Office (LPO) since 2014. The US Department of Energy (DOE) closed on a $504.4-million Rendering of Advanced Clean Energy Storage salt cavern.

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Renewable fuels and biochar company Cool Planet closes on $100M Series D financing

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Cool Planet Energy Systems, a renewable fuels and biochar company ( earlier post ), closed on its targeted $100 million Series D financing. By creating renewable fuel and sequestering the biochar in the ground as soil enhancer, the process permanently removes atmospheric CO 2 for hundreds of years. Click to enlarge.

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Gensol Engineering appoints Kuljit S Popli as Independent Director | Autocar Professional

Baua Electric

Popli is a Founder Director of Clime Finance Pvt. He has also served as a Director (Technical) in IREDA from 2007-2014. He has also been associated with Power Finance Corporation (PFC), National Hydroelectric Power Corporation (NHPC). enhancing IREDA’s credibility and impact in the industry.

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EPA delays issuing 2014 RVO standards for RFS until sometime in 2015

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The US Environmental Protection Agency (EPA) will not finalize the 2014 applicable percentage standards (the 2014 Renewable Volume Obligations, RVOs) under the Renewable Fuel Standard (RFS) program until sometime next year. The RFS requires a certain percentage of renewable fuels in the US fuel pool.

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Renewable Energy Group to acquire Tyson Foods’ half ownership of Dynamic Fuels renewable diesel biorefinery

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Renewable Energy Group, Inc. The Geismar facility, completed in 2010, was the first large scale renewable diesel biorefinery built in the US. REG is a long-term customer of ours, buying fats, oils and greases to make renewable fuel, and we hope to continue that relationship. REG) has reached an agreement with Tyson Foods, Inc.

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Green Biologics secures $76M in financing; repurposing MN ethanol plant for n-butanol and acetone

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In addition to the $42-million internal equity round, an additional $34 million in funding was raised predominantly in debt financing from Tennenbaum Capital Partners (TCP), along with equity and debt investment rolled over by existing members of Central MN Ethanol Co-op LLC (CMEC) in Central MN Renewables LLC (CMR), a US affiliate of GBL.

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