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Mullen secures $150 million financing deal, production Bollinger is a go

Baua Electric

Commercial EV manufacturer Mullen has scored a $150 million capital infusion that will allow it to expand its domestic and international sales efforts – and put Bollinger’s beefy electric trucks into series production. The Bollinger B4 is a cabover-style chassis cab with a 15,500 lb. FTC: We use income earning auto affiliate links.

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

Green Car Congress

Velocys plc announced that the US Department of Agriculture (USDA) has issued a Finding of No Significant Impact (FONSI) on the environmental assessment report for Velocys’ planned Bayou Fuels biorefinery in Natchez, Mississippi. Velocys technology is in use at ENVIA, the world’s first commercial smaller scale gas-to-liquids plant.

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Mullen Automotive scores $150 million in new capital, will put Bollinger B4 into production – Charged EVs

Baua Electric

Now Mullen has taken a positive step towards the big time, raising $150 million in new financing commitments. The company says the new infusion of cash will allow it to fund operations over the next 13 months, including putting Bollinger’s B4 electric truck into production. The Bollinger B4 is scheduled to join them later this year.

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Enerkem raises C$59M in latest financing round; Valero Energy joins, Waste Management increases investment

Green Car Congress

Waste to biofuels and chemicals company Enerkem announced the closing of C$59 million (US$60 million) in financing. As part of this financing, Valero Energy Corp. Valero has investments in 10 ethanol plants throughout the Midwest; Valero and Enerkem have also agreed to jointly consider commercial opportunities.

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Velocys, Southwest Airlines in 15-year off-take agreement for 219M gallons of negative-carbon-intensity SAF; 575M gallons of net-zero blend

Green Car Congress

Velocys plc announced that its wholly owned subsidiary, Velocys Renewables LLC, has entered into its first offtake agreement for the sustainable aviation fuel (SAF) to be produced at the planned Bayou Fuels biorefinery project in Mississippi with Southwest Airlines. million tonnes of avoided CO 2 over the term of the contract.

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KiOR seeks to double cellulosic fuels production at Columbus plant; $50M in from Khosla for Columbus II

Green Car Congress

is pursuing plans to double production capacity at its Columbus, Mississippi, facility through construction of a second facility incorporating KiOR’s commercially proven technology. Cellulosic gasoline and diesel company KiOR, Inc. Khosla Ventures incubated KiOR in 2007 and is the lead investor. Earlier post.).

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Cellulosic fuels company KiOR reveals “substantial doubts” about its viability; funding needed by 1 April

Green Car Congress

Other than that commitment, however, Kior said it has no other near-term sources of financing. in two weeks—it will not have adequate liquidity to fund operations and meet obligations (including debt payment obligations), and would not expect other sources of financing to be available.

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