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IG Metall warns that Krupp Mannesmann steel plant may fail due to lack of financing for conversion to climate-neutral steel production

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IG Metall, Germany’s largest union as well as Europe’s largest industrial union, warns that at Hüttenwerke Krupp Mannesmann (HKM), the switch to climate-neutral steel production is may fail due to the lack of financing. This would be the end of the plant, IG Metall said. With a current production volume of 4.2

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Company that biochemically converts coal to methane raises Series B funding

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an emerging natural gas production company which uses proprietary technology to convert both underground and mined low-rank coal to pipeline-quality methane biochemically at large scale and low cost, has raised equity in its second round of financing, led by new investor Khosla Ventures. Ciris Energy, Inc.,

Coal 199
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US Fuels acquires coal-to-diesel IP for scalable plants near mine sites

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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.

Coal 225
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Accelergy awarded $1.3M grant for pilot Coal-Biomass-to-Liquids plant in Pennsylvania; algae-based carbon capture

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million grant from the Commonwealth of Pennsylvania to move forward on the construction of a facility to demonstrate its integrated coal-biomass-to-liquids (CBTL) technology platform ( earlier post ) at Intertek PARC, located at the U-PARC facility in Pittsburgh. Accelergy Corporation has received a $1.3-million

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Mascoma Announces Feedstock Processing and Lignin Supply Agreement with Chevron Technology Ventures; Chevron Working on Converting Lignin to Hydrocarbon Fuel Components

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Mascoma will then convert the feedstock to cellulosic ethanol through its proprietary process, which produces lignin as a by-product. CTV is developing proprietary technology and catalysts for the conversion of lignin into hydrocarbon components for transportation fuels. Mascoma will provide this lignin to CTV for evaluation.

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Obama Announces Steps to Boost Biofuels, Clean Coal; RFS2, BCAP, BIWG and Carbon Capture and Storage Task Force

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Second, the US Department of Agriculture proposed a rule on the Biomass Crop Assistance Program (BCAP) that would provide financing to increase the conversion of biomass to bioenergy. It’s been said that the United States is the Saudi Arabia of coal—and that’s because, as I said, it’s one of our most abundant energy resources.

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GE Energy Financial Services joins $8M investment round in biomass-to-gasoline startup

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GE Energy Financial Services, a unit of GE, has joined an $8-million funding round for CoolPlanetBioFuels , a start-up company developing a technology that converts low-grade biomass into high-grade fuels, including gasoline, and carbon that can be sequestered. Additional financial details were not disclosed.

Gasoline 247