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Cool Planet breaks ground on its first biomass-to-renewable gasoline plant

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Cool Planet Energy Systems, a technology company producing green fuels and biochar products, broke ground on the company’s first commercial facility in Alexandria, Louisiana, dubbed Project Genesis. The facility will be located at the Port of Alexandria, on the Red River Waterway in Central Louisiana. Earlier post.).

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

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Cool Planet Energy Systems, a renewable fuels and biochar company ( earlier post ), closed on its targeted $100 million Series D financing. Carbon Capture: Once the useful components for fuel have been removed, the biofractionation captures the leftover plant matter in a solid carbon form called biochar.

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UPS announces renewable diesel agreements with Neste, REG and Solazyme; up to 46M gallons over next 3 years

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UPS announced agreements for up to 46 million gallons of renewable diesel over the next three years, constituting a 15-fold increase over prior contracts and making UPS one of the largest users of renewable diesel in the world. Neste, headquartered in Espoo, Finland, is the world’s largest producer of renewable diesel.

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Cool Planet successfuly completes road test of cellulosic bio-gasoline blend

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Officials there ran a 5% blend of Cool Planet’s renewable, low-carbon gasoline for six weeks during their normal operations. The Ventura County Parks Department showcased the fuel in its Parks Department sport utility vehicle to demonstrate the versatility of Cool Planet’s renewable fuel.

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USDA provides $91M loan guarantee to Cool Planet for biogasoline blendstock plant; biomass pyrolysis and catalytic conversion

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USDA has reached an agreement with Silicon Valley Bank to provide a $91-million Biorefinery Assistance Program loan guarantee to Cool Planet to help the company finish construction on an advanced biofuel plant at the Port of Alexandria in Louisiana. Earlier post.). The main catalysts are proprietary modified ZSM-5 catalysts.

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LA-based SMLC to lead new DOE Smart Manufacturing Innovation Institute; ~$800M for 5 new hub competitions

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For example, the Smart Manufacturing Innovation Institute will partner with IACMI to demonstrate the value of using advanced sensors in the production of carbon fiber and with PowerAmerica to showcase the energy savings of using advanced sensors in the production of new wide bandgap semiconductor circuit boards. Missouri U. Purdue U.