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Neste, ReNew ELP and Licella to collaborate in utilization of waste plastic as a raw material for fuels and chemicals

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Neste, the leading producer of renewable diesel, UK-based chemical recycling company ReNew ELP, and Australian technology developer Licella are collaborating in a development project to explore the potential of using mixed waste plastic as a raw material for fuels, chemicals, and new plastics. Earlier post.). Earlier post.).

Waste 170
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Ohmium and Aquastill collaborate to produce green hydrogen from seawater

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Ohmium International, a green hydrogen company that designs, manufactures, and deploys advanced Proton Exchange Membrane (PEM) electrolyzers, announced a strategic collaboration with Aquastill , one of the leaders in modular membrane distillation technology that uses the sustainable power of waste heat for desalination.

Hydrogen 150
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Mayor of London announces £70M+ green fund to finance low carbon waste and recycling infrastructure

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The Mayor of London, Boris Johnson, announced an innovative fund totalling at least £70 million (US$114 million) which will finance low carbon waste and recycling infrastructure. The London Green Fund is the first UK fund to combine European, public and private finance to invest in environmental infrastructure.

London 199
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Velocys receives FONSI from USDA for planned Mississippi biorefinery; wood waste to drop-in fuels

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Velocys is pursuing a USDA loan guarantee that could apply up to $200 million of debut as part of the total installed cost of the project. Velocys has engaged the global leading project finance bank, Sumitomo Mitsui Banking Corporation (SMBC), as the lender of record and as its financial advisor.

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BMW i Ventures invests in Natural Fiber Welding; plant-based leathers, yarns and foams

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The financing round will enable the company to scale from the batch processing of materials to commercial roll-to-roll production. waste’ cork powder). Having a scalable, cost-competitive alternative to leather with premium qualities is key to further advancing the decarbonization of the automotive industry.

BMW 435
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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.

Financing 218
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TerraStar Energy to license Emerging Fuels Technology’s Fischer-Tropsch and Maxx Jet/Maxx Diesel upgrading technology

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The feedstocks can include a blend of waste wood from managed forests, construction waste, paper, cardboard, and other common household and commercial waste. Shorter distances between the feedstock supply and the plant also reduce transportation costs.

Diesel 170