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Waste-to-biofuels company Enerkem raises C$280M, its largest financing round

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a leading waste-to-biofuels and chemicals producer, has completed a C$280-million (US$223 million) investment round—its largest to date. In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. Enerkem is now registered for D3 Renewable identification numbers (RINs) credits.

Waste 199
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SGH2 building largest green hydrogen production facility in California; gasification of waste into H2

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Energy company SGH2 is bringing the world’s biggest green hydrogen production facility to Lancaster, California. In the gasification island’s catalyst-bed chamber, plasma torches generate such high temperatures (3500 ºC - 4000 ºC), that the waste feedstock disintegrates into its molecular compounds, without combustion ash or toxic fly ash.

Waste 448
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Neste, ReNew ELP and Licella to collaborate in utilization of waste plastic as a raw material for fuels and chemicals

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Neste, the leading producer of renewable diesel, UK-based chemical recycling company ReNew ELP, and Australian technology developer Licella are collaborating in a development project to explore the potential of using mixed waste plastic as a raw material for fuels, chemicals, and new plastics. Earlier post.).

Waste 170
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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.

Financing 225
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Aemetis selects Worley to provide engineering for renewable jet and diesel production plant; Axens technology

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has awarded an engineering services contract to Worley for the Aemetis “Carbon Zero” renewable jet and diesel plant in Riverbank, California. The Aemetis Carbon Zero renewable jet and diesel project is designed to hydrotreat renewable oils with hydrogen from orchard and forest wood waste. Aemetis, Inc.

Renewable 186
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Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

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Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,

Financing 170
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Enerkem raises C$59M in latest financing round; Valero Energy joins, Waste Management increases investment

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Waste to biofuels and chemicals company Enerkem announced the closing of C$59 million (US$60 million) in financing. As part of this financing, Valero Energy Corp. joins existing investors Waste Management, Rho Ventures, Braemar Energy Ventures and Cycle Capital, who have each invested in the new equity round.

Financing 225