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Siluria Technologies raises $30M in Series C to commercialize its OCM process for converting natural gas into commodity chemicals and transportation fuels

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Ethylene is a highly flexible chemical intermediate that can be converted to lower-cost fuels, chemicals, and materials.The company had closed a $20-million Series B in September 2011. OCM converts methane into ethane and ethylene (C 2 hydrocarbons). Earlier post.). New investors Bright Capital and Vulcan Capital led the round.

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Global CO2 emissions up 3% in 2011; per capita CO2 emissions in China reach EU levels

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At 3%, the 2011 increase in global CO 2 emissions is above the past decade’s average annual increase of 2.7%. savings stimulated by high oil prices led to a decrease of 3% in CO 2 emissions in the European Union and of 2% in both the United States and Japan. combined, where emissions increased by 9% and 6% respectively in 2011.

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Clean Energy to Acquire BAF Technologies, Natural Gas Vehicle Technology and Conversion Company

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the leading provider of natural gas vehicle systems and conversions in the United States. The purchase price payable at the closing of the acquisition of BAF is approximately $8.3 Pursuant to the terms of the acquisition agreement, the purchase price will be used in part to pay off the outstanding debt of BAF. Earlier post.).

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Tesla outlines scheme for $4-5B battery Gigafactory; announces $1.6B offering

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In October 2013, Panasonic and Tesla had already expanded their 2011 supply agreement so that Panasonic will supply nearly 2 billion automotive-grade lithium-ion battery cells to Tesla through 31 December 2017 at long-term preferential prices. The interest rate, conversion rate and other terms of the notes are to be determined.

Batteries 299
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Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

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We expected it would come from higher prices or a supply disruption—we’ve all been surprised.) We now have a sprinkling of promising companies working to get funded to convert gas-guzzlers. Using existing technology, we can convert many of them into plug-in hybrids and electric vehicles.

Oil 252
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Dyadic Raises $3M in Private Placement

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a global biotechnology company focused on the discovery, development, manufacture and sale of specialty enzyme products and solutions for the bioenergy, industrial enzyme and biopharmaceutical industries, has completed a private placement of $3, million convertible subordinated secured promissory notes with two investors.

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Dyadic Raises Additional $1M to Complete $4M Note Offering

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has received an additional $1 million to complete its previously announced private placement of convertible subordinated secured promissory notes, which has provided Dyadic with total gross proceeds of $4 million. which represents 120% of the average closing price for the 30-day period preceding the closing date. Earlier post.).

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