article thumbnail

USDA to award $11M loan guarantee to Oregon biorefinery

Green Car Congress

Novus is working with an Oregon lender, Old West Federal Credit Union, to finance the project. The biorefinery will be built on land owned by the Port of Morrow, one of the largest ports in Oregon. USDA has financed projects in Florida, Georgia, Iowa, Louisiana, Michigan, Nevada, New Mexico, North Carolina and Oregon.

Oregon 150
article thumbnail

EPA Awards $20M in Recovery Act Funding for Clean Diesel Finance Program

Green Car Congress

The US Environmental Protection Agency (EPA) announced three recovery act grants totaling $20 million in funding for the SmartWay Clean Diesel Finance Program. Overall, the recovery act allotted $300 million for the National Clean Diesel Campaign, $30 million of which will fund SmartWay Clean Diesel Finance Program grants.

Financing 150
article thumbnail

Oregon Governor Signs Climate Change Bills, Including Low Carbon Fuel Standard and B2

Green Car Congress

Oregon Governor Ted Kulongoski signed into law a series of bills constituting a climate change package that includes a low carbon fuel standard (LCFS), a B2 mandate, and other transportation-related measures. The series of bills the Governor signed into law today include: House Bill 2186. House Bill 3463. House Bill 3039.

article thumbnail

Waste-plastic-to-crude company Agilyx obtains $25M Series C financing

Green Car Congress

Since then, the Oregon-based company has hit a number of milestones—including closing $25 million in sales, tripling its workforce, and increasing its oil production and revenue. Agilyx says it is also the only company with a known refinery off-take agreement in place and crude oil shipments underway.

Waste 210
article thumbnail

Global geothermal industry passes 12,000 MW operational

Green Car Congress

New geothermal power came on line in Kenya, New Zealand, Nicaragua, Turkey, and Mexico, as well as Oregon, Nevada and Utah in the United States. GEA member commitments to financing and development stages included MidAmerican’s $1 billion pledge to extend the life of its Salton Sea, California geothermal fields.

article thumbnail

USDA closes on $105M loan guarantee to Fulcrum for biorefinery converting municipal waste to renewable jet fuel; first USDA loan for biojet

Green Car Congress

USDA is negotiating three additional loans for biorefineries in Iowa, North Carolina and Oregon. These loans would provide financing to produce renewable fuels from woody biomass, municipal solid waste and energy grasses such as switch grass, miscanthus and arundo donax.

Waste 310
article thumbnail

USDA provides $91M loan guarantee to Cool Planet for biogasoline blendstock plant; biomass pyrolysis and catalytic conversion

Green Car Congress

USDA’s loan commitment to Cool Planet is being financed from the remainder of the Biorefinery Assistance Program funds authorized in the 2008 Farm Bill. An additional project financed from these funds will be announced later this month. Congress reauthorized and extended the program in the 2014 Farm Bill. Earlier post.).