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Oxford spin-out OXCCU raises US$22.8M to transform carbon dioxide into sustainable aviation fuel

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OXCCU, a company spun-out from the University of Oxford in 2021 that is focused on converting carbon dioxide and hydrogen into industrial and consumer products ( earlier post ), completed an £18-million (US$22.8 million) Series A financing round.

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Omnitek Engineering completes $5M placement; financing to facilitate diesel to natural gas truck engine conversion sales

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Omnitek Engineering Corporation, a developer of natural gas engines and diesel-to-natural gas conversion systems, has entered into a definitive agreement with investors for a private placement of common stock and warrants to raise approximately $5.0 million in gross proceeds. Merriman Capital, Inc.

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Lishen and ZAP in strategic alliance; funding for several thousand EV conversions in US

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ZAP will begin financing discussions with fleet operators pending successful completion of the trial which is likely to run through the winter season. ZAP plans to utilize this financing alliance to pursue other volume fleet opportunities in the Americas and SE Asia.

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Energy Conversion Devices files Chapter 11, seeks sale of businesses; Ovonic Battery Company sold to BASF Corporation

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51-year-old Energy Conversion Devices, Inc. OBC), to BASF Corporation for the gross purchase price of $58 million in cash before transaction fees, minority participations, and working capital and other adjustments. million in outstanding 3% Convertible Senior Notes due 2013. Earlier post.) Sale of United Solar.

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DOE to award $118M to 17 projects to accelerate domestic biofuel production

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Financing for novel biorefinery process systems can be a barrier to commercializing advanced biofuels, and this funding will reduce technological uncertainties and enable industry deployment. This project will demonstrate the conversion of gaseous carbon wood wastes (terpenes) to renewable Terpenes SAF blending components.

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Mascoma Announces Feedstock Processing and Lignin Supply Agreement with Chevron Technology Ventures; Chevron Working on Converting Lignin to Hydrocarbon Fuel Components

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Mascoma Corporation has entered into a feedstock processing and lignin supply agreement with Chevron Technology Ventures (CTV), a division of Chevron USA, Inc. Mascoma will then convert the feedstock to cellulosic ethanol through its proprietary process, which produces lignin as a by-product. Earlier post.)

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US Fuels acquires coal-to-diesel IP for scalable plants near mine sites

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Startup US Fuel Corporation (USF), which plans to design, build, own and operate scalable facilities near coal mine sites to convert coal into synthetic fuels, will acquire coal-to-diesel intellectual property (IP) that USF co-developed with an executive team consisting of Paul Adams and Steve Luck. Andrew Halarewicz, Sr.

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