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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. Catalytic Conversion: Cool Planet has developed a number of proprietary catalytic conversion processes to convert these useful hydrocarbon components into different types of fuels.

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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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Cool Planet’s biogasoline blendstock is 100% compatible with pump gasoline. Cool Planet has devised a biomass-to-liquids thermochemical conversion process that simultaneously produces liquid fuels and sequesterable biochar useful as a soil amendment. One of the catalytic conversion processes creates the high-octane gasoline blendstock.

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Phase 1 of DOE-funded ABBA Integrated Biorefinery project begins; renewable jet, gasoline, diesel and nanocellulose

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The project, which will co-produce full replacement renewable jet fuel, gasoline, diesel and Bioplus nanocellulose from woody biomass in an integrated biorefinery at AVAPCO’s site in Thomaston, Georgia, has received a $3.7-million Its scope includes definition engineering, permitting, and financing activities. Earlier post.).

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Synbio company Intrexon and Dominion partner to commercialize bioconversion of natural gas to isobutanol in Marcellus and Utica Basins

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This novel approach avoids costly, resource-intensive thermochemical gas-to-liquids (GTL) conversion methods, and offers a biofuel that does not utilize sugar or other plant-based feedstock. Conversion of methane to isobutanol provides economic and environmental advantages upon which the collaboration will look to build.

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DOE to award $118M to 17 projects to accelerate domestic biofuel production

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Financing for novel biorefinery process systems can be a barrier to commercializing advanced biofuels, and this funding will reduce technological uncertainties and enable industry deployment. This project will demonstrate the conversion of gaseous carbon wood wastes (terpenes) to renewable Terpenes SAF blending components.

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Synhelion raises CHF 22M (US$23.6M) to support scaling of solar fuel production

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million) in another financing round. The proceeds of the investment round will accelerate the company’s growth and support the scaling and commercialization of Synhelion’s solar fuels technology. ETH-Zurich spin-off Synhelion has raised CHF 22 million (US$23.6 Synhelion is developing two pathways to solar fuels: Redox splitting.

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INEOS Bio JV Closes $75M in private financing under USDA loan guarantee program for advanced BioEnergy Center in Florida

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INEOS Bio announced that its joint-venture project, INEOS New Planet BioEnergy (INPB), has finalized $75 million in private financing utilizing the US Department of Agriculture (USDA) loan guarantee program for its new Indian River BioEnergy Center located in Florida. This can be blended into the gasoline pool for the renewable fuels market.

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