This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
a leading renewable technology, chemical products, and next generation biofuels company, has closed a private debt financing with Whitebox Advisors LLC consisting of a senior secured term loan exchangeable into senior secured convertible debentures. million in convertible debentures within 90 days of closing of the Financing.
Fulcrum will gasify 147,000 tons of municipal solid waste to produce synthesis gas which it then will catalytically convert to synthetic paraffinic kerosene/jet fuel via a Fischer-Tropsch (FT) process. million loan in 2011 to convert food and agricultural waste to biogas that is used as fuel to generate electricity.
A subsidiary of Valero Energy Corporation will provide financing to Diamond Green Diesel LLC, a previously announced joint venture project between Darling International and Valero Energy Corporation ( earlier post ), for the construction of its renewable diesel facility in Norco, Louisiana. Charles refinery near Norco, Louisiana.
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.
OXCCU, a company spun-out from the University of Oxford in 2021 that is focused on converting carbon dioxide and hydrogen into industrial and consumer products ( earlier post ), completed an £18-million (US$22.8 million) Series A financing round.
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.
The loan guarantee will help finance construction of the largest clean hydrogen storage facility in the world, capable of providing long-term low-cost, seasonal energy storage, furthering grid stability. ACES Delta is a joint venture between Mitsubishi Power Americas and Magnum Development.
Gevo, a privately held renewable chemicals and advanced biofuels company ( earlier post) , has successfully produced isobutanol from fermentable sugars derived from cellulosic biomass. The company also successfully converted the cellulosic isobutanol into isobutylene and paraffinic kerosene (jet fuel). Gevo’s production process.
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
FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. The company’s project finance subsidiaries may draw on the facility to finance the construction of projects through the commercial operating date (COD) of the power plants.
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.
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.
The US Department of Agriculture (USDA) announced a $105-million loan guarantee to Fulcrum Sierra BioFuels, LLC to finance development of a facility to convert municipal solid waste into advanced biofuels. by Fulcrum, will fully fund construction of the municipal solid waste to renewable transportation fuel facility.
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.
At that time, Mascoma, Valero, and Mascoma’s operating subsidiary, Frontier Renewable Resources LLC, jointly owned with natural resource management company, J.M. These costs are fully funded, with Valero providing the majority of the financing, and the remainder from awards by the US Department of Energy (DOE) and the State of Michigan.
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.).
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.
announced that its subsidiary SoCal Biomethane will supply renewable natural gas (RNG) as facilitated by renewable fuels marketer Anew Climate to FuelCell Energy’s Tri-gen system to produce carbon-negative hydrogen and electricity for Toyota Motor North America, Inc.’s Anaergia Inc. The fuel cells will also produce a net 2.3
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
Mascoma will then convert the feedstock to cellulosic ethanol through its proprietary process, which produces lignin as a by-product. Chevron has filed applications for two patents on processes to convert lignin to a hydrocarbon feedstock via hydroprocessing; both applications were published on 3 September 2009. Earlier post.)
Darling International and a subsidiary of Valero Energy Corporation are taking initial steps towards the formation of a joint venture to build a facility capable of producing more than 10,000 barrels/day or (135 million gallons per year) of renewable diesel on a site adjacent to Valero’s St. Valero Renewables. Earlier post.)
France-based Global Bioenergies, the developer of a one-step fermentation processes for the direct and cost-efficient transformation of renewable resources into light olefins, has obtained new €1.4-million million) financing from Bpifrance on the isobutene program. million (US$1.6-million) million interest-free loan over seven years.
These will be charged using energy from renewable sources. To make it easier for barge operators to sign-on to the concept, a ‘pay-per-use’ financing model has been developed. The emphasis during the initial stage will be on converted and newly-built container carriers.
Global Bioenergies has reached two milestones—the labscale performance and the industrial process scale-up—of its process to produce renewable isobutene, one of them more than 2 months in advance. The BioMA+ project is financed by the ADEME in the context of the French “Investissements d’Avenir” State program.
Fulcrum’s fully-integrated processes for converting MSW to jet fuel, diesel and ethanol have been proven and demonstrated at Fulcrum’s demonstration facility located in Durham, North Carolina. The plant includes the same MSW sorting, gasification and fuel production systems that will be utilized in Fulcrum’s commercial plants.
million barrels of renewable diesel per year for five years from a converted California refinery starting in 2022. Following scheduled production startup in 2022, ExxonMobil plans to distribute the renewable diesel within California and potentially to other domestic and international markets.
has awarded an engineering services contract to Worley for the Aemetis “Carbon Zero” renewable jet and diesel plant in Riverbank, California. The Aemetis Carbon Zero renewable jet and diesel project is designed to hydrotreat renewable oils with hydrogen from orchard and forest wood waste. Aemetis, Inc.
Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,
Aemetis awarded an engineering services contract to Worley for the Aemetis ‘Carbon Zero’ renewable jet and diesel plant in Riverbank, California. The Aemetis Carbon Zero renewable jet and diesel project is designed to hydrotreat renewable oils with hydrogen from orchard and forest wood waste. Earlier post.)
a subsidiary of the Swiss-based energy group, The Addax and Oryx Group Limited (AOG), recently signed a loan agreement with seven European and African development institutions for an integrated renewable energy and agriculture project near Makeni, in Sierra Leone. Addax Bioenergy S.A. ,
This capital increase will allow Global Bioenergies to accelerate its development plan and in particular to: Continue and accelerate the development phase of its isobutene process; Complete the investments required for the installation of the laboratory pilot and to finance studies for the industrial pilot; and.
In addition to the $42-million internal equity round, an additional $34 million in funding was raised predominantly in debt financing from Tennenbaum Capital Partners (TCP), along with equity and debt investment rolled over by existing members of Central MN Ethanol Co-op LLC (CMEC) in Central MN Renewables LLC (CMR), a US affiliate of GBL.
The facility will convert more than 500,000 metric tonnes of waste biomass feedstock into synthesis gas (BioSynGas) every year, using Solena’s proprietary plasma gasification technology. The facility will also export more than 20 megawatts of baseload renewable power to the grid after powering the entire facility with clean electricity.
Global Bioenergies, a developer of one-step fermentation processes for the direct and cost-efficient transformation of renewable resources into light olefins, and Cristal Union, the 4 th largest European beet producer, have formed IBN-One, a joint venture to build and operate the first plant in France convertingrenewable resources into isobutene.
France-based Global Bioenergies announced that its German subsidiary, Global Bioenergies GmbH, secured a €400,000 (US$446,000) grant from the BMBF (the German federal ministry for research and education) to finance a 14-month-project aimed at producing renewable gasoline additives. million tons per year). 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.
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.
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
Neste, the leading producer of renewable diesel, UK-based chemical recycling company ReNew ELP, and Australian technology developer Licella are collaborating in a development project to explore the potential of using mixed waste plastic as a raw material for fuels, chemicals, and new plastics. Earlier post.). Earlier post.).
Global Bioenergies has delivered the first batch of isobutene from renewable resources to Arkema six months ahead of the projected schedule. The isobutene will be converted into methacrylic acid—a key component of acrylic paints—at a pilot unit operated by Arkema. Earlier post.)
Ranges of global technical potentials of renewable energy sources derived from studies analyzed in SRREN report. The authors reviewed more than 160 existing scientific scenarios on the possible penetration of renewables by 2050, alongside environmental and social implications; and then reviewed with four of these in-depth.
AMP Americas signed a deal with Dairy Farmers of America (DFA) and Select Milk Producers, both national dairy cooperatives, to convert a portion of their diesel needs to CNG by working with haulers to convert their fleets to CNG-powered trucks. AMP operates the largest US renewable natural-gas plant that produces fuel from cow manure.
Use of the proceeds from the capital increase will include: The financing of the isobutene process’ industrialization phase via the construction of two pilots. Global Bioenergies is one of the few companies worldwide developing a process to convertrenewable resources into hydrocarbons through fermentation.
a start-up company developing a technology that converts low-grade biomass into high-grade fuels, including gasoline, and carbon that can be sequestered ( earlier post ) announced that BP Technology Ventures has made an investment in the company’s C Round of financing. CoolPlanet BioFuels, Inc.,
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content