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Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. Project VGV uses surplus electricity generated by renewable and nuclear sources to produce hydrogen via electrolysis.
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.
million in Series E financing through the sale of new shares and the conversion of previously issued promissory notes. The financing will be used to further grow customer adoption in key commercial markets, expand internationally and develop and commercialize new products.
Cool Planet has devised a biomass-to-liquids thermochemical conversion process that simultaneously produces liquid fuels and sequesterable biochar useful as a soil amendment. Pine chips will be the feedstock source for the Cool Planet facility, but the company can use almost any type of renewable cellulosic material. Earlier post.).
IG Metall, Germany’s largest union as well as Europe’s largest industrial union, warns that at Hüttenwerke Krupp Mannesmann (HKM), the switch to climate-neutral steel production is may fail due to the lack of financing. This would be the end of the plant, IG Metall said. With a current production volume of 4.2
And what I myself need from our next Representative in the House is the person who will most effectively help me drive the South Bay to 100% renewable energy as we transition off of fossil fuels in the next decade. And under less dire climate circumstances I could endorse and vote for Marianne Williamson, but that is not the world we live in.
Renewable chemicals and fuels company Amyris, Inc. In addition, Amyris announced its purpose-built industrial fermentation facility in Brazil has successfully begun production of Biofene, Amyris’s brand of renewable farnesene. has completed a $42.25 million private placement of its common stock. The transaction included $37.25
developer of a proprietary process to produce gasoline and other fuels from biomass and/or natural gas ( earlier post ), has completed its third round of funding with the recent $12-million investment by IC Green Energy Ltd, the renewable energy arm of Israel Corp. Primus Green Energy Inc.,
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. New investors include Sustainable Conversion Ventures, which focuses on renewable fuels and chemicals investments.
has selected Axens Vegan Renewable Hydroprocessing technology for its “Carbon Zero 1” production plant in Riverbank, California. Axens Vegan technology is designed to hydrotreat a wide range of lipids and to produce a flexible slate of low-density and high cetane renewable diesel as well as renewable jet fuel. Aemetis, Inc.
BlueFire Renewables, Inc. Also, it will move BlueFire closer to a debt financing agreement with the Department of Energy and US Department of Agriculture. Also, it will move BlueFire closer to a debt financing agreement with the Department of Energy and US Department of Agriculture. industry.". Earlier post.).
BlueFire Renewables, Inc., BlueFire Renewables, Inc., BlueFire also asserted that if it failed in reversing the DOE decision, it would devise a new strategy with respect to financing the Fulton Project. Earlier post.). Earlier post.).
have executed a Memorandum of Understanding (MOU) regarding the development of a commercial scale biorefinery facility for the production of renewable jet or diesel fuel. The renewable energy facility will be co-located with Hughes Hardwood’s wood component products manufacturing facility in Collinwood, Tennessee. Earlier post.).
million) Series A financing round. Trafigura, TechEnergy Ventures and Doral Energy-Tech Ventures also participated in the financing. Leveraging the funding, OXCCU plans to accelerate its path to market by scaling its catalytic approach to convert hydrogen and carbon dioxide into SAF and other sustainable fuels.
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.
In the next few years, the company expects the conversion of one blast furnace to result in an annual demand of around 20,000 tonnes of green hydrogen. This demand will increase to some 720,000 tonnes per year by 2050 as a result of the gradual conversion of the plants and equipment.
Global Bioenergies, an industrial biology company that develops sustainable routes to light olefins, announced a new €740,000 (US$952,000) financing from OSEO , a French SME-funding state agency, to support the creation of an isobutene production strain compatible with industrial pilot testing. Earlier post.).
has executed a letter of engagement with BNP Paribas to act as financial advisor to assist and support ClearFuels in securing senior secured debt financing for its commercial thermochemical Biomass-to-Liquids (BTL) biorefinery projects. These services would be directed, in part, to create financing plans for the commercial projects.
Financing a first of its kind plant, based on an innovative technology is always a challenge. Progress in engineering and forecasted prices for our products now higher than initially anticipated are fueling our optimism regarding the plant’s financing within the new schedule. Global Bioenergies will soon be receiving €2.6
The bio-refinery will be located in Anhui province, close to Fuyang in Eastern China, and will have capacity to process 1 million metric tons of biomass per year, approximately 4 times the capacity of the biomass conversion facility by Beta Renewables in Crescentino, Italy.
a biobutanol and renewable hydrocarbons company, announced the start up of its first biobutanol demonstration plant designed from retrofitting an existing demonstration scale ethanol plant to produce biobutanol. Gevo, Inc., Earlier post.) In successfully producing biobutanol at the 1 million gallon per year pilot plant in St. Earlier post.).
The up to €400-million order is the result of a consultation launched in January 2018, the aim of which was to accelerate the renewal of the RATP bus fleet. RATP plans to launch soon a new consultation for the bulk purchase of electric buses in order to continue the rapid conversion of its bus fleet.
51-year-old Energy Conversion Devices, Inc. a pioneer in materials science and renewable energy technologies, today voluntarily filed a petition for relief under Chapter 11 in the US Bankruptcy Court for the Eastern District of Michigan. million in outstanding 3% Convertible Senior Notes due 2013.
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.).
US Agriculture Secretary Tom Vilsack announced five major agricultural research projects aimed at developing regional, renewable energy markets, generating rural jobs, and decreasing America’s dependence on foreign oil. The project aims to develop a regional source of renewable aviation fuel for Seattle-Tacoma International Airport.
Genomatica and Novamont have signed a definitive agreement establishing a joint venture (JV) for the first industrial plant in Europe producing butanediol (BDO) directly from renewable feedstocks. This follows the announcement on 18 August 2011 of a letter of intent between the companies. Earlier post.).
Processes for sustainable energy production must be environmentally benign, reduce greenhouse gas production, and utilize renewable resources. Current interest areas in sustainable energy technologies are as follows: Biomass Conversion, Biofuels & Bioenergy. Batteries Biomass Financing Fuels Power Generation'
million Series A round of financing led by venture capital firms Draper Fisher Jurvetson (DFJ) and DFJ Mercury, both leading investors in early-stage clean technology companies. Proceeds from the Series A financing will be used to hire key technical talent and to commercialize GlycosBio technology to manufacturing scale.
Sun Catalytix Corporation (Sun Catalytix), an energy storage and renewable fuels company ( earlier post ), completed a $9.5-million The funds raised in this financing will support continued development of the company’s catalyst technology.
These are the people who in the face of science that says we must transition from fossil fuels to renewable energy or destroy the futures of our children and all who come after them, still want to drill for oil that should never be burned. The people whose business model is to wreck the ecology and the climate and profit from it.
million Series B financing round, co-led by new investor Groupe Lune Rouge and current investors Cycle Capital Management, and BDC Venture Capital. Agrisoma Biosciences, an agricultural company that has commercialized carinata, a non-food oilseed crop designed for sustainable production of biofuels, has closed a $15.4-million
aviation fuel at the scale or speed needed to achieve industry goals, the report focuses on a portfolio of options, including different conversion technologies and sources of potentially sustainable biomass, including oilseeds, forest residues, solid waste, and algae. The remaining product would be mostly renewable diesel, with.
First, the Environmental Protection Agency (EPA) finalized the Renewable Fuel Standard Program (RFS2) rule to implement the long-term renewable fuels standard of 36 billion gallons by 2022 established by Congress and also issued the targets for 2010. Renewable Fuels Standard (RFS2). President Obama.
The Enerkem process has four steps: feedstock pre-treatment; gasification; syngas conditioning; and conversion. The closing of this new round of financing, which generated C$53.8 The syngas is converted to products using a sequential catalytic conversion process. Click to enlarge.
CTV is developing proprietary technology and catalysts for the conversion of lignin into hydrocarbon components for transportation fuels. The presence of carbon monoxide in the syngas can assist with the conversion of lignin, and the observed effect is similar to that seen for coal hydroprocessing with syngas compared to hydrogen alone.
The Soperton Plant will initially use woody biomass from nearby timber operations, but plans to experiment with other types of renewable biomass as feedstock for the conversion process, including herbaceous feedstocks like miscanthus and switchgrass. In January 2009, Range was awarded an $80-million loan guarantee from USDA.
has successfully demonstrated the conversion of municipal solid waste (MSW)—household garbage—into jet and diesel fuels. For that process, Fulcrum uses a two-stage thermochemical process involving gasification of municipal solid waste (MSW) followed by the catalytic conversion of the syngas to ethanol. Earlier post.).
The enzyme enables more cost-efficient conversion of biomass to ethanol and performs 1.5 The Renewable Fuel Standard, a legislative mandate on the use of renewable fuels in the US, targets production of 16 billion gallons of cellulosic biofuels by 2022. times better than its predecessor, Cellic CTec2. Earlier post.).
The plant will feature SGH2’s technology, which will gasify recycled mixed paper waste to produce green hydrogen that reduces carbon emissions by two to three times more than green hydrogen produced using electrolysis and renewable energy, and is five to seven times cheaper. That’s why our partnership with SGH2 is so important.
BMW i Ventures announced a lead investment in the Series A-1 financing round of Vancouver-based Mangrove Lithium. The platform technology is also being commercialized for the conversion of waste brines to chemicals and desalinated water. BMW i Ventures is joined by existing investor Breakthrough Energy Ventures.
In light of its joint venture with DSM, POET said it will not utilize the loan guarantee it was awarded by the US Department of Energy (DOE) on 23 September 2011 to finance Project LIBERTY. In an analysis of the Renewable Fuel Standard, the US EPA projected 7.8 Earlier post.) Beyond that, the US.
Enerkem Inc has received approval from the United States Environmental Protection Agency (EPA) to sell cellulosic ethanol produced at its Edmonton, AB, Canada facility under the US Renewable Fuels Standard (RFS). Enerkem is now registered for D3 Renewable identification numbers (RINs) credits.
Virdia was founded in 2007 as HCL CleanTech— a US-Israeli biofuels technology development company focused on full process technology for conversion of woody biomass to fermentable sugars and advanced biofuels. Earlier post.) In addition, the company closed $10 million in a venture debt deal with Triple Point Capital.
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. Captis Aire LLC, “Renewable Blending Components to Enable 100% Sustainable Aviation Fuel (SAF)”, $2,000,000. Comstock Inc.,
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