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Gevo closes $68M Green Bond to finance RNG project

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has closed a $68,155,000 “Green Bond” private activity bonds offering to finance the construction of its renewable natural gas (RNG) project in Northwest Iowa. The feedstock for the RNG Project will be supplied by three dairy farms located in Northwest Iowa totaling more than 20,000 milking cows.

Financing 334
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ClearFlame Engine Technologies secures $17M in Series A financing

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ClearFlame Engine Technologies , a startup developing net-zero engine technology ( earlier post ), has secured $17 million in Series A financing, which will enable commercialization of the company’s innovative engine technology for the long-haul trucking, agriculture and power generation sectors.

Financing 318
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Renewable Energy Group to acquire Tyson Foods’ half ownership of Dynamic Fuels renewable diesel biorefinery

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Renewable Energy Group, Inc. The Geismar facility, completed in 2010, was the first large scale renewable diesel biorefinery built in the US. REG is a long-term customer of ours, buying fats, oils and greases to make renewable fuel, and we hope to continue that relationship. Earlier post.)

Renewable 199
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VERBIO launches first cellulosic RNG plant in the USA

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The VERBIO Nevada (Iowa) Biorefinery began producing renewable natural gas (RNG) on an industrial scale in December 2021. Renewable natural gas from the VERBIO Nevada Biorefinery is injected into an Alliant Energy pipeline before being distributed across the country. The plant in Nevada (Iowa) is our first plant in the USA.

USA 195
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REGI secures up to $20M for biodiesel plant capacity expansion

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Renewable Energy Group, Inc. has secured financing of up to $20 million from First Midwest Bank for the $24-million capacity-expansion project at the company’s Ralston, Iowa biodiesel refinery. This would match the capacity at the company’s other Iowa biorefineries in Mason City and Newton.

Iowa 150
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USDA awarding $136M to five major research projects focused in part on developing cellulosic drop-in aviation fuels

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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.

Louisiana 230
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USDA provides $91M loan guarantee to Cool Planet for biogasoline blendstock plant; biomass pyrolysis and catalytic conversion

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The Cool Planet plant will produce approximately 8 million to 10 million gallons of high-octane, renewable gasoline blendstocks (reformate), as well the biochar, all made from sustainable wood residues. The output from each catalytic array when cooled is comprised of volatile gases, renewable fuel and water. Earlier post.).