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ExxonMobil to buy 2.5M barrels of renewable diesel per year for 5 years from Global Clean Energy

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ExxonMobil has signed an agreement with Global Clean Energy Holdings to purchase 2.5 million barrels of renewable diesel per year for five years from a converted California refinery starting in 2022. As background, globally, in 2019, ExxonMobil sold some 1.9 million barrels per day of heating oils, kerosene and diesel oils.

Clean 186
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Waste-to-biofuels company Enerkem raises C$280M, its largest financing round

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In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. The technology converts non-recyclable, non-compostable municipal solid waste into methanol, ethanol and other widely-used chemicals. Enerkem is now registered for D3 Renewable identification numbers (RINs) credits.

Waste 199
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REG expanding footprint at 75M gallon renewable diesel refinery in Geismar

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Renewable Energy Group will acquire approximately 82 acres of land at its Geismar, Louisiana biorefinery from Lion Copolymer. With the recent increase in production at REG’s Geismar site and the growing market demand for renewable hydrocarbon diesel, we believe now is the right time to evaluate capacity expansion opportunities.

Renewable 150
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NRG invests additional $35M in FuelCell Energy for 6% of company; establishes $40M financing facility

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FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. The terms of the equity transaction include a warrant giving NRG the right to purchase an additional 2.0 per annum for construction-period financing and 8.0%

Financing 244
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Get H2 partners propose green hydrogen pipeline in Europe

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Most of the transport will take place via existing gas grid lines (shown in orange), which will be converted to hydrogen transport. The IPCEI program can finance the network construction in part. However, the financing of network operation requires a long-term solution to the charging issue in the EnWG.

Hydrogen 435
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Delta Air Lines signs 75 MGPY for 7 years SAF deal with Gevo; oneworld Alliance members plan to buy 200 MGPY

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The agreement replaces the existing agreement signed with Delta in 2019 to purchase 10 million gallons per year and bolsters Delta’s commitment to incorporating SAF into its operations. These feedstocks can then be converted, in some cases, to high-value nutritional products and energy-dense liquid hydrocarbons, including SAF.

San Jose 186
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Attis Industries to acquire corn ethanol plant, grain malting operation from Sunoco; partnership with Novozymes

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a diversified innovation and technology holding company today, has entered into a definitive asset purchase agreement with Sunoco LP to acquire and operate its corn ethanol plant and grain malting operation in Fulton, NY. Attis expects to finance the transaction with non-dilutive financing. Attis Industries Inc.,