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

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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.

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

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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.

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

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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
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DOE pulls grant funding from BlueFire Renewables cellulosic biofuels plant

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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. BlueFire Renewables, Inc.,

Grant 210
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BlueFire Renewables Signs 15-Year Feedstock Supply Contract for Cellulosic Ethanol Facility

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Coupled with our recently-announced off-take agreement with Tenaska BioFuels, LLC, the key input and output contracts required for financing are now resolved. Cooper Marine Timberlands (CMT), with several chip mills in operation in Mississippi and Alabama, is a member company of Cooper/T.

Renewable 210
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Velocys, Southwest Airlines in 15-year off-take agreement for 219M gallons of negative-carbon-intensity SAF; 575M gallons of net-zero blend

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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. Bayou Fuels.

Carbon 170
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ENVIA suspends operations at Oklahoma City GTL plant

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Following consideration of the facts, financial projections and available financing, the ENVIA Board decided to suspend operations at the facility. Enabled extensive data capture that is commercially important to Velocys, as it progresses its Mississippi Biorefinery and UK waste to jet projects and licensing its technology to third parties.