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Gevo closes $68M Green Bond to finance RNG project

Green Car Congress

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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Edeniq and Flint Hills Resources Renewables establish joint development relationship for ethanol

Green Car Congress

Flint Hills Resources Renewables, LLC, a leading US ethanol producer, will become a customer of Edeniq, Inc., Flint Hills Resources Renewables expects further adoption of Edeniq equipment to provide bolt-on technologies needed to extract sugar from a wide range of cellulosic (non-food) feedstocks to create cellulosic ethanol.

Renewable 170
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Hydrogen from biomethane; gasoline & diesel from tree residue; cellulosic ethanol among new proposed California LCFS fuel pathways

Green Car Congress

California Air Resources Board (ARB) staff posted 32 new Low Carbon Fuel Standard (LCFS) fuel pathway applications for comments at the LCFS website. The average CI for gasoline and gasoline substitutes for 2016 is 96.50 and 100% renewable biomethane pathways, respectively, generated from on-site systems. Earlier post.).

Gasoline 150
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MIT/UC Davis professors challenge claims that ethanol production decreased gasoline prices in 2010 and 2011

Green Car Congress

Knittel/Smith results for implied gasoline price effects from elimination of ethanol for 2010 using Du/Hayes model and pooled-sample estimates. Put simply, the empirical results merely reflect the fact that ethanol production increased during the sample period whereas the ratio of gasoline to crude oil prices decreased.

Davis 334
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USDA to invest up to $100M to boost infrastructure for renewable fuel use; seeks to double number of higher blend ethanol fuel pumps

Green Car Congress

US Agriculture Secretary Tom Vilsack announced that the US Department of Agriculture (USDA) will invest up to $100 million in a Biofuels Infrastructure Partnership to support the infrastructure needed to make more renewable fuel options available to American consumers. USDA will post a Notice of Solicitation of Applications in June.

Renewable 150
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USDA provides $91M loan guarantee to Cool Planet for biogasoline blendstock plant; biomass pyrolysis and catalytic conversion

Green Car Congress

Cool Planet’s biogasoline blendstock is 100% compatible with pump gasoline. The Cool Planet plant will produce approximately 8 million to 10 million gallons of high-octane, renewable gasoline blendstocks (reformate), as well the biochar, all made from sustainable wood residues. Source: Cool Planet. Click to enlarge.

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Approval for E15 passes a milestone

Green Car Congress

EPA has informed the Renewable Fuels Association (RFA) that the RFA Model E15 Misfueling Mitigation Plan would generally be sufficient to satisfy the partial waivers’ requirement for a misfueling mitigation plan. The partial waivers allow fuel and fuel additive manufacturers to introduce gasoline-ethanol blends containing grater than 10% vol.

EPA 225