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SITA UK, one of the country’s leading recycling and resource management companies and a subsidiary of Suez Environment, has signed an exclusive agreement with Cynar Plc to build Britain’s first fully operational plants to convert end of life plastic into diesel fuel. Agitation evens the temperature and homogenizes the feedstocks.
Under the terms of the financing, the company will issue shares of common stock at a price of $2.12 The completion of this financing will greatly accelerate the build out of our national network of diesel-to-natural-gas conversion facilities. Merriman Capital, Inc.
a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. This agreement provides meaningful, near-term funding that will go directly toward building and delivering vehicles to customers in 2019. Workhorse Group Inc.,
completed a financing for C$5 million (US$4.96 Each share purchase warrant is convertible into one common share of the corporation. This financing provides valuable working capital for future growth, including certain strategic initiatives. Canada-based Li-ion battery maker Electrovaya Inc. issued to the lender. created office.
China’s Tsingshan , the world’s largest producer of stainless steel, will invest $375 million to build a lithium plant in Argentina with French multinational mining and metallurgy company Eramet. interest, and will retain operational management responsibility; its partner Tsingshan is financing the plant construction in exchange for 49.9%
million) financing, which brings total equity investment raised by Enerkem in 2013 to C$87 million (US$82.7 With its proprietary technology, Enerkem converts non-recyclable municipal solid waste into methanol, ethanol and other widely used chemical intermediates. Canada-based waste-to-biofuels company Enerkem Inc. gasification.
Calysta Energy completed a Series A financing round totaling $3 million. The financing was led by Pangaea Ventures Ltd., Calysta intends to use the Series A investment to advance development of biological routes to high value industrial chemicals and fuels based on methane, an advantaged feedstock from natural gas. Earlier post.).
As part of the FUREC project, RWE plans to build a pre-treatment plant in Zevenellen, Limburg, to convert non-recyclable municipal solid waste (MSW) into solid recovered fuel pellets. FUREC receives funding from the EU Innovation Fund, which is 100% financed by the EU Emissions Trading System (ETS). textiles, paper).
to Fulcrum Sierra Biofuels, LLC to build a biorefinery to produce jet fuel from municipal solid waste (MSW) via a proprietary two-stage thermochemical process. During the gasification process, the prepared MSW feedstock rapidly heats up upon entry into the steam-reforming gasifier and almost immediately converts to syngas.
According to the Fiscal Impact Statement prepared by the Finance Division of the City Council, there are approximately 10,700 school buses City-wide, of which the City manages approximately 960 in partnership with the NYC School Bus Umbrella Corporation (NYCSBUS). million in capital costs through Fiscal 2035, or $28.3
AMP Americas signed a deal with Dairy Farmers of America (DFA) and Select Milk Producers, both national dairy cooperatives, to convert a portion of their diesel needs to CNG by working with haulers to convert their fleets to CNG-powered trucks. million miles per year, servicing routes throughout Texas.
Coca-Cola is converting all of its newly purchased 2014 Chevrolet Express service vans into fuel-efficient hybrid-electric vehicles using XL Hybrids’ powertrain technology. The addition of 100 hybrid service vans builds upon this work by expanding the variety of fuel-efficient options in the company’s light-duty fleet. Earlier post.)
Badlands NGL, LLC, announced the development of a North Dakota manufacturing plant that will convert ethane (C 2 H 6 ), a byproduct of natural gas processing, into polyethylene, which is used to make a wide variety of end-use consumer and industrial plastics. The facility will convert ethane gas to low density and high density plastics.
Cool Planet Energy Systems, a renewable fuels and biochar company ( earlier post ), closed on its targeted $100 million Series D financing. Catalytic Conversion: Cool Planet has developed a number of proprietary catalytic conversion processes to convert these useful hydrocarbon components into different types of fuels.
has completed a private offering of convertible preferred stock. Ceres President and CEO Richard Hamilton says that Ceres plans to build a leadership position in each of these markets. The financing round was led by Artal Luxembourg and Ambergate Trust, and included European investment company Gimv, among others.
Pinto Energy LLC (Pinto), a developer of smaller scale Gas-to-Liquids (GTL) facilities, will build a 2,800 barrel per day (bpd) GTL plant at Pinto’s 80-acre industrial site to the east of Ashtabula, Ohio. Pinto has chosen Ventech Engineers International LLC (Ventech) as the project’s EPC Contractor.
Hydrogen is converted to electricity in the fuel cell, with water vapour as its only emission, while the batteries provide additional power wherever and whenever needed. Van Hool has been building hydrogen buses for the American market since 2005 and for the European market since 2007.
In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. The technology converts non-recyclable, non-compostable municipal solid waste into methanol, ethanol and other widely-used chemicals. Canada-based Enerkem Inc., Earlier post.).
Seven companies from the GET H2 initiative in Europe want to build a cross-border pipeline for green hydrogen. Most of the transport will take place via existing gas grid lines (shown in orange), which will be converted to hydrogen transport. The IPCEI program can finance the network construction in part.
In office building applications, Global 500 multinational Bouygues Construction engaged Ennesys to study the integration of waste water algae production in two building projects in the Greater Paris region, each at the scale of a million square feet (80,000 m 2 and 150,000 m 2 ). OriginOil, Inc.,
These costs are fully funded, with Valero providing the majority of the financing, and the remainder from awards by the US Department of Energy (DOE) and the State of Michigan. Valero will provide project management to build and will operate the Kinross facility, and will hold a majority interest in the joint venture.
Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,
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.) Fermentation.
Comet Biorefining, an industry leader in the production of high-purity cellulosic dextrose, has completed a round of equity financing led by new investor PM Equity Partner. Current investor Sofinnova Partners and new investor Bioindustrial Innovation Canada (BIC) also participated in the financing.
million) financing from Bpifrance on the isobutene program. This financing, which allows Global Bioenergies to strengthen its leadership in the field of fermentative isobutene, is structured in the form of a €1.4-million Isobutene is one of the key petrochemical building blocks. million (US$1.6-million)
This capital increase will allow Global Bioenergies to accelerate its development plan and in particular to: Continue and accelerate the development phase of its isobutene process; Complete the investments required for the installation of the laboratory pilot and to finance studies for the industrial pilot; and.
New Zealand-based LanzaTech has successfully produced 2,3-Butanediol (2,3-BD), a key building block used to make polymers, plastics and hydrocarbon fuels, using the company’s gas fermentation technology. In July, LanzaTech attracted US$18 million in Series B financing from investors led by China-focused venture capital firm Qiming Ventures.
Virdia, formerly HCL CleanTech, a developer of cellulosic sugars, announced a number of major company milestones, including a new brand and CEO, its latest funding round, and a $75-million deal with the Mississippi Development Authority to build manufacturing plants in the state. Earlier post.) Earlier post.)
Financing a first of its kind plant, based on an innovative technology is always a challenge. Progress in engineering and forecasted prices for our products now higher than initially anticipated are fueling our optimism regarding the plant’s financing within the new schedule. Global Bioenergies will soon be receiving €2.6
New financing. Joule also announced the closing of $40 million in private equity and venture debt financing, supporting the company’s growth towards commercialization. This will lead to the longer-term build-out of a 1,000-acre plant to begin in 2017.
SGL Automotive Carbon Fibers LLC, the joint venture between SGL Group and BMW Group ( earlier post ), will build a carbon fiber manufacturing plant in Moses Lake, WA. In the next step, the facility in Moses Lake will convert the polyacrylic fibers into the actual carbon fibers. SGL Group holds 51% of the shares and the BMW Group 49%.
Use of the proceeds from the capital increase will include: The financing of the isobutene process’ industrialization phase via the construction of two pilots. Global Bioenergies is one of the few companies worldwide developing a process to convert renewable resources into hydrocarbons through fermentation.
billion from Wanxiang to finance and construct the first phase of a coal-to-natural gas facility that ultimately will have an annual production capacity of one trillion cubic feet (1 Tcf) (30 billion cubic meters) per year. As part of the transaction, GreatPoint Energy has raised equity investment and secured project funding of $1.25
Founded in 2006, Algenol converts CO 2 from industrial emitters into transportation fuels through its Direct-To-Ethanol process. Algenol has recently commenced initial operations of a pilot commercial module at its Florida development campus, which builds on the successful launch of a demonstration project in India.
Startup US Fuel Corporation (USF), which plans to design, build, own and operate scalable facilities near coal mine sites to convert coal into synthetic fuels, will acquire coal-to-diesel intellectual property (IP) that USF co-developed with an executive team consisting of Paul Adams and Steve Luck. Andrew Halarewicz, Sr.
LanzaTech says that the commercial deployment of its technology will be accelerated by utilizing Mitsui’s portfolio of capabilities in engineering, project development, financing and product off-take contracts.
LAND, a Cleveland-based electric motorcycle maker and battery technology company, recently wrapped up a successful Series A financing round, surpassing their fundraising goal by over US $1 million. more… The post Ohio-based electric motorcycle maker raises $7M to build bikes in the US appeared first on Electrek.
This MOU is the first step toward a longer-term agreement through which we plan to build on the foundation A123 has established in the US and help expand the company’s capabilities both domestically and internationally, which we believe would create long-term value to the customers, investors and other stakeholders of both companies.
Under the agreement, Novamont is converting an existing facility in Adria, Italy to use Genomatica’s BDO process. Novamont is financing the plant conversion and will operate the plant, which is expected to have a production capacity of approximately 40 million pounds per year.
The State of Hawaii recently passed legislation to assist in funding a project that converts crops, crop residues, dedicated energy crops, and agricultural waste into biofuels and value-added co-products. BioTork develops microbial strains capable of converting low-value abundant biomass streams into high bio-based chemical commodities.
The company also successfully converted the cellulosic isobutanol into isobutylene and paraffinic kerosene (jet fuel). The process technology for converting isobutanol to hydrocarbons is low-energy input and reduces greenhouse gas emissions by 85.%. Isobutylene oligomerization is practiced in refineries today on a mixed olefin stream.
in financing ( earlier post ), conditionally secures medium-term funding and includes financing in the form of subscription agreements in the amount of €150 million (US$222 million) as well as a strategic alliance for China including joint ventures on manufacturing, technology and distribution. Spyker Cars N.V. per share.
million) to advance its YXY technology, which converts carbohydrates into furanic building blocks for making renewable materials and fuels. Avantium will use the funds for the construction and operation of its pilot plant in Geleen, the Netherlands, and for the development of green materials on basis of these YXY building blocks.
says it plans to act as the project developer for a US-based gas-to-liquids plant that will use ExxonMobil’s proprietary methanol to gasoline (MTG) process to convert methane into gasoline. Our first project must be absolutely ‘bankable’ to obtain the necessary project financing. California-based Carbon Sciences, Inc.
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