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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.

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

USA 195
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Renewable Energy Group to acquire Tyson Foods’ half ownership of Dynamic Fuels renewable diesel biorefinery

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Renewable Energy Group, Inc. The Geismar facility, completed in 2010, was the first large scale renewable diesel biorefinery built in the US. REG is a long-term customer of ours, buying fats, oils and greases to make renewable fuel, and we hope to continue that relationship. REG) has reached an agreement with Tyson Foods, Inc.

Renewable 199
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REGI secures up to $20M for biodiesel plant capacity expansion

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Renewable Energy Group, Inc. has secured financing of up to $20 million from First Midwest Bank for the $24-million capacity-expansion project at the company’s Ralston, Iowa biodiesel refinery. This would match the capacity at the company’s other Iowa biorefineries in Mason City and Newton.

Iowa 150
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USDA closes on $105M loan guarantee to Fulcrum for biorefinery converting municipal waste to renewable jet fuel; first USDA loan for biojet

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This is the first loan guarantee USDA has made for the production of bio jet fuel. The end syngas product is very clean with zero sulfur content. Hydrotreating, hydrocracking and hydroisomerization upgrading steps are used to upgrade the combined HFTL and MFTL products into jet fuel.

Waste 310
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USDA to award $11M loan guarantee to Oregon biorefinery

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with an $11-million loan guarantee through the Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program. The Novus plant will process agricultural waste into fuel, natural gas, organic fertilizer and other bio-based products. USDA hopes to finalize loan terms with Novus and Old West by summer.

Oregon 150
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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