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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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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 LCFS is a regulation to reduce the carbon intensity (CI) of fuels sold in California by 10% by 2020. If a product is above the annual carbon intensity target, the fuel incurs deficits.

Gasoline 150
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Harmonizing Low Carbon Fuel Standards

Green Car Congress

—Low Carbon Fuel Standard 2011 Program Review Report. The California LCFS regulation, which went in to effect on 15 April 2010, targets a reduction of the carbon intensity (CI), on a full-fuel lifecycle basis, of transportation fuels (measured in gCO 2 e/MJ) used in California by an average of 10% by the year 2020.

Carbon 244
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DOE to award up to $137M for SuperTruck II, Vehicle Technology Office programs

Green Car Congress

These trucks haul 80% of goods in the United States and use about 28 billion gallons of fuel per year, accounting for around 22% of total transportation energy usage—presenting a significant opportunity for carbon emissions reduction and energy savings for a key segment of the US transportation sector. Description. Federal funding.

Vehicles 150
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Belfer Center Study Concludes Reducing Car and Truck GHG Emissions Will Require Substantially Higher Fuel Prices; Income Tax Credits for Advanced Alt Fuel Vehicles Are Essentially Ineffective at Reducing Sector Emissions

Green Car Congress

It also finds that, while relying on subsidies for electric or hybrid vehicles is politically attractive, it is an extremely expensive and ineffective way to significantly reduce greenhouse gas emissions in the near term. Second, the tax credits give a significant boost to diesel vehicles.

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Opinion: Why Buffett Bet A Billion On Solar: Miles Per Acre Per Year

Green Car Congress

During the late innings of the ICE-age (as in the Internal Combustion Engine age) it has become clear that feeding gasoline and diesel to the next billion new cars is not going to be easy, or cheap. By contrast, at 25 miles per $3 gallon of gasoline, those miles cost 12 cents each. by Henry Hewitt for Oilprice.com.

Solar 150
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US DOT Awards $100M in Recovery Act Funds to 43 Transit Projects to Reduce Energy Consumption and Greenhouse Gas Emissions

Green Car Congress

Stationary Fuel Cells and Hybrid Transit Buses Incremental Costs: The purchase of diesel-electric hybrid transit buses and stationary fuel cells for use in the statewide bus system in Connecticut. Composite body electric buses: Replace conventional diesel transit buses with 35-ft composite body electric transit buses.

Emissions 256