article thumbnail

Global Bioenergies receives €740K from OSEO to create a pre-industrial strain

Green Car Congress

Global Bioenergies, an industrial biology company that develops sustainable routes to light olefins, announced a new €740,000 (US$952,000) financing from OSEO , a French SME-funding state agency, to support the creation of an isobutene production strain compatible with industrial pilot testing. Earlier post.).

article thumbnail

INEOS Bio JV Closes $75M in private financing under USDA loan guarantee program for advanced BioEnergy Center in Florida

Green Car Congress

INEOS Bio announced that its joint-venture project, INEOS New Planet BioEnergy (INPB), has finalized $75 million in private financing utilizing the US Department of Agriculture (USDA) loan guarantee program for its new Indian River BioEnergy Center located in Florida. Earlier post.) Department of Energy (DOE) and a $2.5

Florida 186
article thumbnail

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). by Bill Cooke. Billion vs. $28.3 Billion in 2008). Many participants at the conference expect a 30% decline for the year overall.

Financing 150
article thumbnail

ZENN Motor Increases Stake in EEStor to 10.7%; EESU Production Prototype Promised by End of 2009

Green Car Congress

EEStor has said it anticipates having at-voltage components verified independently by September of this year, with delivery of production prototype EESUs to ZMC by the end of 2009. ZMC announced its intention to exercise this additional investment option on 21 May 2009. per share raising gross proceeds of C$9,275,000 (US$8.4

ZENN 170
article thumbnail

ClearFuels to Develop Co-Located Commercial-Scale Biorefinery for Renewable Jet or Diesel Production in Tennessee

Green Car Congress

Under the MOU, Hughes Hardwood will supply 1,000 dry ton per day of wood product for conversion into approximately 16 million gallons of synthetic jet or diesel fuel and 4 million gallons of naphtha per year, as well as approximately 8 MW of excess renewable power. The project is currently expected to be operational by early 2014.

Tennessee 199
article thumbnail

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

Green Car Congress

The Enerkem process has four steps: feedstock pre-treatment; gasification; syngas conditioning; and conversion. The closing of this new round of financing, which generated C$53.8 The syngas is converted to products using a sequential catalytic conversion process. Click to enlarge. Earlier post.).

Waste 199
article thumbnail

Aurora Biofuels Secures $15M in Funding

Green Car Congress

This third round of financing brings the total amount of money raised by the company to more than $40 million. In August 2009, Aurora Biofuels announced that it had succeeded in optimizing its base algae strains to more than double CO 2 consumption and fuel production, and has proven these results in an outdoor open system.

Florida 186