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

DOE pulls grant funding from BlueFire Renewables cellulosic biofuels plant

Green Car Congress

BlueFire Renewables, Inc., BlueFire Renewables, Inc., 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. Earlier post.). Earlier post.).

Grant 210
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. Enerkem’s financing round, for which Credit Suisse acted as agent, will support the company’s large roll-out of current and future planned projects.

Financing 225
article thumbnail

Biomass to sugars and lignin company announces new name, new CEO, $30M in funding and a $75M deal with Mississippi to build plants in state

Green Car Congress

Virdia, formerly HCL CleanTech, a developer of cellulosic sugars, announced a number of major company milestones, including a new brand and CEO, its latest funding round, and a $75-million deal with the Mississippi Development Authority to build manufacturing plants in the state. Earlier post.)

article thumbnail

BlueFire Renewables Signs 15-Year Feedstock Supply Contract for Cellulosic Ethanol Facility

Green Car Congress

Cellulosic biofuels company BlueFire Renewables, Inc. Coupled with our recently-announced off-take agreement with Tenaska BioFuels, LLC, the key input and output contracts required for financing are now resolved. —Arnold Klann, CEO of BlueFire Renewables, Inc.

Renewable 210
article thumbnail

Elevance acquires first North American biorefinery

Green Car Congress

Elevance Renewable Sciences Inc., which is commercializing olefin metathesis technology ( earlier post ), has acquired the Delta BioFuels facility in Adams County, Mississippi. The Mississippi Development Authority worked with company and local officials to help facilitate the project.

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.

Carbon 170