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ClearFlame Engine Technologies secures $17M in Series A financing

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ClearFlame Engine Technologies , a startup developing net-zero engine technology ( earlier post ), has secured $17 million in Series A financing, which will enable commercialization of the company’s innovative engine technology for the long-haul trucking, agriculture and power generation sectors.

Financing 318
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ClearFlame Engine Technologies secures $2.5M to advance diesel-free truck demonstration; ethanol-fueled MCCI

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ClearFlame Engine Technologies , a growing startup dedicated to the development of clean engine technology ( earlier post ), secured $2.5 million in additional financing from several investors, including the Iowa, Minnesota, Kansas and Illinois Corn Growers Associations. In fact, it increases power by 25%.

Diesel 321
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Gevo options SD site for expansion project; 45M gallons per year renewable jet fuel and gasoline

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Gevo intends to make a decision on whether to purchase the Lake Preston site in the future as part of Citigroup-led project financing. Lake Preston is in eastern South Dakota, about 105 miles from the facility in Luverne, Minnesota. It also has room to expand further, or add other businesses. —Patrick R. Gruber, Gevo’s CEO.

Renewable 170
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Gevo signs definitive supply agreement with HCS Holding for commercial supply of renewable isooctane

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The supply agreement contains a selling price that is expected to allow for an appropriate level of return on the capital required to build out Gevo’s existing production facility in Luverne, Minnesota. Gevo produces isobutanol, ethanol and high-value animal feed at its fermentation plant in Luverne, Minnesota.

Supplies 150
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Gevo and Avfuel enter into renewable jet fuel supply agreement; first long-term commercial supply agreement for Gevo ATJ

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During the first phase, Gevo expects to construct a larger-scale hydrocarbon facility at its existing ethanol and isobutanol production facility located in Luverne, Minnesota, to produce larger quantities of ATJ, subject to Gevo's receipt of sufficient financing.

Supplies 199
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IBM’s Fall From World Dominance

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He's currently a senior research fellow at the University of Minnesota's Charles Babbage Institute , where he specializes in the history of technology. Similarly, GE sold off GE Capital for $26 billion after the 2008 finance and banking collapse, which is a far cry from a decade earlier, when it was worth ten times that.

Personal 126
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Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution

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states (Illinois, Iowa, Kansas, Michigan, Minnesota, and Wisconsin) and one Canadian province (Manitoba). Auction revenues may be used for the public good by allocating the allowance value to: households as dividends; financing investments and other public expenditures; and. Financing Investments and Other Public Expenditures.

Gas 244