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

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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. —David Pummell, Velocys CEO.

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Biomass to sugars and lignin company announces new name, new CEO, $30M in funding and a $75M deal with Mississippi to build plants in state

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Virdia, formerly HCL CleanTech, a developer of cellulosic sugars, announced a number of major company milestones, including a new brand and CEO, its latest funding round, and a $75-million deal with the Mississippi Development Authority to build manufacturing plants in the state. Earlier post.)

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

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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. Enerkem’s financing round, for which Credit Suisse acted as agent, will support the company’s large roll-out of current and future planned projects.

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

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In its Form 10-K (annual report) filed with the SEC on 17 March, cellulosic renewable fuels company KiOR said it has “ substantial doubts about [its] ability to continue as a going concern ”. Other than that commitment, however, Kior said it has no other near-term sources of financing. Earlier post.). million.

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Cellulosic drop-in biofuels company KiOR says that to continue on, it needs capital

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In its new 10-Q report filed with the SEC, struggling cellulosic diesel and gasoline company KiOR reports that it has  substantial doubts about our ability to continue as a going concern. The company had issued a similar warning in its 10-K annual report filed in March. Earlier post.)

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Elevance acquires first North American biorefinery

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which is commercializing olefin metathesis technology ( earlier post ), has acquired the Delta BioFuels facility in Adams County, Mississippi. The company intends to convert the facility to a biorefinery and derivatives operation in a multi-phase project that will involve an investment of more than $225 million.

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EmberClear completes technical feasibility study for a natural gas to liquids project in Natchez, MS

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has completed the technical feasibility study for a natural gas to liquids project in Natchez, Mississippi. EmberClear has access to an 800-acre site along the Mississippi River. The company has completed all major milestones related to Good Spring NGCC 1 and is currently evaluating proposals for construction financing.

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