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Gevo closes $68M Green Bond to finance RNG project

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has closed a $68,155,000 “Green Bond” private activity bonds offering to finance the construction of its renewable natural gas (RNG) project in Northwest Iowa. The feedstock for the RNG Project will be supplied by three dairy farms located in Northwest Iowa totaling more than 20,000 milking cows. Gevo received approximately $9.3

Financing 334
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VERBIO launches first cellulosic RNG plant in the USA

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The VERBIO Nevada (Iowa) Biorefinery began producing renewable natural gas (RNG) on an industrial scale in December 2021. The facility is on track to achieve full-scale production of 7 million ethanol gallons equivalent (EGE) of RNG annually by mid-summer 2022. However, production to date has not exceeded 0.6

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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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Cool Planet’s biogasoline blendstock is 100% compatible with pump gasoline. The Cool Planet plant will produce approximately 8 million to 10 million gallons of high-octane, renewable gasoline blendstocks (reformate), as well the biochar, all made from sustainable wood residues. Source: Cool Planet. Click to enlarge. Earlier post.).

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POET Planning for 3.5B Gallons of Cellulosic Ethanol in 2022

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Ethanol producer POET plans to be responsible for the production of 3.5 billion gallons of cellulosic ethanol will come from three primary sources: One billion gallons of production capacity will come from adding cellulosic ethanol technology to POET’s existing network of 26 corn-based ethanol plants. According to Broin, the 3.5

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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Relative enzyme dose reduction with succeeding generations of Cellic product. Cellic CTec3 allows the cost of producing ethanol from biomass to approach the level of corn ethanol and gasoline, according to the company. The first plants start commercial production of advanced biofuels this year. Source: Novozymes. Earlier post.).

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DSM and POET form major JV for cellulosic bioethanol; POET to decline $105M DOE loan guarantee

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POET–DSM Advanced Biofuels, LLC , is scheduled to start production in the second half of 2013 at one of the first commercial-scale cellulosic ethanol plants in the United States. A third party study commissioned by POET has shown that fuel from Project LIBERTY has greenhouse-gas intensity 111% below gasoline. Earlier post.)

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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.