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

Green Car Congress

Gas chromatograph traces of conventional 87 octane gasoline (top) and CoolPlanetBioFuels drop-in gasoline produced from corn cobs. This venture capital investment was led by North Bridge Venture Partners, which had also led CoolPlanet’s financing round last year. Source: CoolPlanetBioFuels. Click to enlarge.

Gasoline 247
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Accelergy awarded $1.3M grant for pilot Coal-Biomass-to-Liquids plant in Pennsylvania; algae-based carbon capture

Green Car Congress

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

Green Car Congress

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.

Obama 218
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Lux Research provides snapshot of oil majors’ investments in alternative fuels; BP leads investment frequency

Green Car Congress

Lux Research has investigated the trends of corporate financing of alternative fuels from oil majors, based on a non-exhaustive database of more than 1,000 deals and partnership engagements from 2000 through September, 2014. Shell shifted its shares in Codexis to Raizen, its ethanol JV with Cosan.

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Renewable energy projects are frequently financed with project rather than corporate finance. by Bill Cooke.

Financing 150
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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

Green Car Congress

CTV is developing proprietary technology and catalysts for the conversion of lignin into hydrocarbon components for transportation fuels. The presence of carbon monoxide in the syngas can assist with the conversion of lignin, and the observed effect is similar to that seen for coal hydroprocessing with syngas compared to hydrogen alone.

Chevron 249
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Osage Bio Energy: Winter Barley Ethanol as Advanced Biofuel for RFS-2

Green Car Congress

An advanced biofuel has a carbon footprint that is 50% or less of conventional gasoline and OBE plans to start the certification process by Q4 2010. Green Car Congress recently had a quick conversation with John Warren, Director of Government Relations & Project Development for Osage Bio Energy in Glen Allen, VA.

Energy 186