article thumbnail

REG plans to boost Geismar renewable diesel production to 340M gallons per year

Green Car Congress

plans to undertake a capacity expansion of its Geismar, Louisiana biorefinery by 250 million gallons annually to 340 million gallons per year. REG Geismar has proven to be a tremendous asset for our company and is a natural site for increasing production of our lower carbon renewable diesel. Renewable Energy Group, Inc.

Renewable 210
article thumbnail

Biden authorizes release of more than 180M barrels of oil from Strategic Petroleum Reserve; 1M bpd for 6 months

Green Car Congress

The SPR is a US Government complex of four sites with deep underground storage caverns created in salt domes along the Texas and Louisiana Gulf Coasts. DOE received over 90 offers that resulted in 28 contracts with 15 companies for deliveries of 30,640,000 barrels. The newly authorized drawdown will come from all four storage sites.

Oil 418
article thumbnail

Renewable fuels and biochar company Cool Planet closes on $100M Series D financing

Green Car Congress

Cool Planet Energy Systems, a renewable fuels and biochar company ( earlier post ), closed on its targeted $100 million Series D financing. The company broke ground on its first biofuel production facility in Alexandria, Louisiana, on 26 February 2014.

Financing 225
article thumbnail

Cellulosic biogasoline company Cool Planet completes second close of D Round, raises another $19.4M; $60M total

Green Car Congress

This work will be supported by leading international engineering firm, URS Corporation, as the company recently announced. The funding will also provide capital to construct Cool Planet’s first commercial plant, which will be located at the Port of Alexandria, Louisiana.

article thumbnail

Elio Motors set to begin operations in former GM plant in Caddo Parish; 80 mpg highway 3-wheeler for $6,800

Green Car Congress

Elio Motors has taken the next step in its plan to manufacture its $6,800 3-wheel vehicles in Louisiana; the Caddo Parish Industrial Development Board (IDB) completed its purchase of the former General Motors Shreveport Assembly and Stamping Plant, allowing Elio Motors to progress in its manufacturing timeline. million square feet of the 4.1

GM 199
article thumbnail

G2X Energy and EMRE sign methanol to gasoline technology license and license option agreements; plans for $1.3B natural gas to gasoline plant

Green Car Congress

G2X Energy says will leverage its strategic partnership with the Proman Group, a leading process plant engineering and operating company, and EMRE’s MTG technology to create a platform to expand natural gas’ role in the existing transportation fuels market. Full-scale production is expected to begin in 2014. gasoline range.

Gasoline 287
article thumbnail

UPS plans to purchase 1,000 propane-fueled package delivery trucks, install fueling stations; $70M investment

Green Car Congress

The propane fleet will replace gasoline- and diesel-fueled vehicles used largely in rural areas in Louisiana and Oklahoma with other states pending. Operations will begin by mid-2014 and be completed early next year. The vehicles on these routes can travel up to 200 miles on a tank of propane.

Purchase 291