Remove Financing Remove Mississippi Remove Production Remove Waste
article thumbnail

Velocys receives FONSI from USDA for planned Mississippi biorefinery; wood waste to drop-in fuels

Green Car Congress

Velocys plc announced that the US Department of Agriculture (USDA) has issued a Finding of No Significant Impact (FONSI) on the environmental assessment report for Velocys’ planned Bayou Fuels biorefinery in Natchez, Mississippi. No opposing or negative comments were filed as part of the USDA’s public consultation process.

article thumbnail

Enerkem raises C$59M in latest financing round; Valero Energy joins, Waste Management increases investment

Green Car Congress

Waste to biofuels and chemicals company Enerkem announced the closing of C$59 million (US$60 million) in financing. As part of this financing, Valero Energy Corp. joins existing investors Waste Management, Rho Ventures, Braemar Energy Ventures and Cycle Capital, who have each invested in the new equity round.

Financing 225
article thumbnail

Waste Management Makes Strategic Investment in Waste-to-Fuels Company Enerkem

Green Car Congress

Waste Management has made a strategic investment in Enerkem, a developer of a thermochemical (gasification and catalytic synthesis) process to produce synthetic fuels and chemicals from biomass and waste, as part of Enerkem’s new financing round. The closing of this new round of financing, which generated C$53.8

Waste 199
article thumbnail

DOE pulls grant funding from BlueFire Renewables cellulosic biofuels plant

Green Car Congress

BlueFire also asserted that if it failed in reversing the DOE decision, it would devise a new strategy with respect to financing the Fulton Project. BlueFire was established to deploy the Arkenol Process Technology for the conversion of cellulosic waste materials into renewable fuels and other products. Earlier post.).

Grant 210
article thumbnail

Velocys, Southwest Airlines in 15-year off-take agreement for 219M gallons of negative-carbon-intensity SAF; 575M gallons of net-zero blend

Green Car Congress

Velocys plc announced that its wholly owned subsidiary, Velocys Renewables LLC, has entered into its first offtake agreement for the sustainable aviation fuel (SAF) to be produced at the planned Bayou Fuels biorefinery project in Mississippi with Southwest Airlines. million tonnes of avoided CO 2 over the term of the contract. Bayou Fuels.

Carbon 170
article thumbnail

ENVIA suspends operations at Oklahoma City GTL plant

Green Car Congress

During this period ENVIA has been operating the plant at reduced capacity using a single reactor to generate products, but in this configuration the plant does not meet the specific process energy requirements applicable under its RFS pathway to generate RINs, which has further exacerbated ENVIA’s operating losses.

article thumbnail

SCOPE Biofuels Project Releases Assessment on Environmental Effects of Biofuel Technologies

Green Car Congress

In general, biofuels made from organic waste are environmentally more benign than those from energy crops. Careful attention to maintaining the longterm productivity of these systems through nutrient additions (particularly potassium) is required.