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CO2-to-chemicals company Liquid Light raises $15M Series B financing; process scale-up and application validation

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Start-up Liquid Light, a developer of process technology to make major chemicals from low-cost, globally-abundant carbon dioxide ( earlier post ), has closed a $15-million Series B financing. The financing was completed at a significant increase in company valuation.

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Report Finds That Urgent Changes in Transport Financing Required to Enable More Sustainable Transportation Globally

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Yet current transport patterns, based primarily on private motorised vehicles, generates many social, environmental and economic costs, accounting for more than half of global liquid fossil fuel consumption and nearly a quarter of the world's energy related carbon dioxide (CO2) emissions (IEA, 2009).

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Audi partner Joule announces its CO2-recycled ethanol meets US and Euro specs; $40M financing

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New financing. Joule also announced the closing of $40 million in private equity and venture debt financing, supporting the company’s growth towards commercialization. At full-scale commercialization, Joule ultimately targets productivity of up to 25,000 gallons of ethanol per acre annually.

Financing 150
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Euro Parliament Environment Committee votes to include shipping CO2 in EU ETS; shipping industry to contribute to climate neutrality

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In addition, MEPs say that market-based emissions reduction policies are not enough, so they also introduced binding requirements for shipping companies to reduce their annual average CO2 emissions per transport work, for all their ships, by at least 40% by 2030.

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Denbury Undertakes Midwest CO2 Pipeline Feasibility Study

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It is estimated that the study will be completed in the fourth quarter of 2009, following which Denbury will evaluate external market conditions, the state of financing and construction of the proposed gasification projects, and make a decision as to whether or not they will take initial steps to build such a pipeline.

CO2 150
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United and Oxy collaborate with syn-bio company Cemvita to produce SAF from CO2 using microbes

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This includes funding projects such as pilot and demo plants, engineering studies, financing construction and operating SAF plants. If performance targets are achieved, UAV and OLCV plan to form a joint venture to commercialize the technology. Cemvita is now the third SAF-related technology to receive an investment from UAV.

CO2 259
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DNV and PSE develop concept for on-ship chemical CO2 capture; capable of reducing ship CO2 emissions by up to 65%

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The Maritime CCS project was jointly financed by the two partners, the UK’s Technology Strategy Board and the Research Council of Norway under the EUROSTARS initiative. Because ship emissions are concentrated—unlike other forms of transport—the potential to capture CO 2 at source has been the key focus of the project.

CO2 225