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Lux Research provides snapshot of oil majors’ investments in alternative fuels; BP leads investment frequency

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Lux Research has investigated the trends of corporate financing of alternative fuels from oil majors, based on a non-exhaustive database of more than 1,000 deals and partnership engagements from 2000 through September, 2014. Valero has a strong focus on drop-in fuel production either by bioconversion or catalysis.

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

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to acquire Tyson’s 50% ownership position in Dynamic Fuels, LLC. Tyson and Syntroleum formed Dynamic Fuels in 2007 as a 50/50 joint venture. REG will also fund repayment of approximately $12 million of Dynamic Fuels’ indebtedness to Tyson at closing. (REG) has reached an agreement with Tyson Foods, Inc. Earlier post.)

Renewable 199
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USDA awarding $136M to five major research projects focused in part on developing cellulosic drop-in aviation fuels

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US Agriculture Secretary Tom Vilsack announced five major agricultural research projects aimed at developing regional, renewable energy markets, generating rural jobs, and decreasing America’s dependence on foreign oil. The project aims to develop a regional source of renewable aviation fuel for Seattle-Tacoma International Airport.

Louisiana 230
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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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Gas chromatography comparison of Conoco fuel and a Conoco-CoolPlanet blend. Cool Planet has devised a biomass-to-liquids thermochemical conversion process that simultaneously produces liquid fuels and sequesterable biochar useful as a soil amendment. Cool Planet’s biogasoline blendstock is 100% compatible with pump gasoline.

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POET Planning for 3.5B Gallons of Cellulosic Ethanol in 2022

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That volume would represent more than 20% of the cellulosic ethanol mandated in the US Renewable Fuel Standard. In order for this vision to become a reality, policy makers must provide access to the market and the stability needed to attract the large amount of capital that will be required to finance its construction. Jeff Broin.

Iowa 218
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Novozymes introduces its latest enzyme technology for cellulosic biofuels; performs 1.5x better than predecessor

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With our new product, Cellic CTec3, and the first plants starting commercial production, this is a huge step forward in the transition from an oil-based economy to a bio-based economy. Fiberight will open a small-scale plant in Lawrenceville, Virginia, this year, and a plant producing 6 million gallons per year in Blairstown, Iowa, in 2013.

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Opinion: Why Buffett Bet A Billion On Solar: Miles Per Acre Per Year

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Fortunately, abundant renewable power is getting cheaper, while gasoline from finite fossil fuels may get more expensive. It is generous to say that an acre of Iowa can provide 12,500 miles per year at a cost of 10 cents each. Average fuel efficiency in the US is 22 miles per gallon (mpg). New cars in 2015 get 25 mpg.)

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