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USDA to provide $105M loan guarantee to Fulcrum Sierra Biofuels; municipal solid waste to ethanol

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The US Department of Agriculture (USDA) announced a $105-million loan guarantee to Fulcrum Sierra BioFuels, LLC to finance development of a facility to convert municipal solid waste into advanced biofuels. With the loan guarantee finalized, the company will secure bank financing, which when combined with private equity capital provided.

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USDA to award $11M loan guarantee to Oregon biorefinery

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Novus is working with an Oregon lender, Old West Federal Credit Union, to finance the project. USDA has financed projects in Florida, Georgia, Iowa, Louisiana, Michigan, Nevada, New Mexico, North Carolina and Oregon. USDA hopes to finalize loan terms with Novus and Old West by summer. million gallons of advanced biofuels.

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Sapphire Energy closes $144M Series C funding

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This round of funding is being used to directly support Sapphire Energy’s active and on-schedule commercial demonstration in Luna County, New Mexico. Some proceeds from previous closes of the Series C financing already have been invested in Sapphire Energy’s continuing operations.

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US Geothermal Power Could Top 10 Gigawatts, New Industry Report Says

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New Mexico. According to the GEA this was due to 4 new geothermal power projects moving to completion, but also reflects difficulty obtaining final permits and difficulty obtaining financing. Financing is expensive and scarce, and available lenders are requiring much more work be done before they will finance projects.

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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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USDA awarded the first loan guarantee in 2009 to Sapphire Energy in New Mexico. INEOS New Plant Bioenergy, located in Vero Beach, Fla., These loans would provide financing to produce renewable fuels from woody biomass, municipal solid waste and energy grasses such as switch grass, miscanthus and arundo donax.

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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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USDA’s loan commitment to Cool Planet is being financed from the remainder of the Biorefinery Assistance Program funds authorized in the 2008 Farm Bill. An additional project financed from these funds will be announced later this month. Sapphire Energy has paid off its USDA loan for a plant now operating in New Mexico.

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Select the Right EV Charging Management Partner for your NEVI Program Project

Driivz

Powered by Driivz for rapid expansion, Francis Energy has successfully secured NEVI grants to build charging stations along highway corridors in Oklahoma, Kansas, New Mexico, Missouri, Arkansas, Ohio, and Alabama. Consider Francis Energy , the fourth-largest owner and operator of fast-charging stations in the U.S.