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Gevo closes $68M Green Bond to finance RNG project

Green Car Congress

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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VERBIO launches first cellulosic RNG plant in the USA

Green Car Congress

The VERBIO Nevada (Iowa) Biorefinery began producing renewable natural gas (RNG) on an industrial scale in December 2021. Collaboration between VERBIO and Alliant Energy led to the opening of the facility, which Alliant Energy serves with both natural gas and electric service. The plant in Nevada (Iowa) is our first plant in the USA.

USA 195
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Hydrogen from biomethane; gasoline & diesel from tree residue; cellulosic ethanol among new proposed California LCFS fuel pathways

Green Car Congress

California Air Resources Board (ARB) staff posted 32 new Low Carbon Fuel Standard (LCFS) fuel pathway applications for comments at the LCFS website. The average CI for gasoline and gasoline substitutes for 2016 is 96.50 gCO 2 e/MJ; for diesel and diesel substitutes it is 99.97 Earlier post.). gCO 2 e/MJ.

Gasoline 150
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Harmonizing Low Carbon Fuel Standards

Green Car Congress

—Low Carbon Fuel Standard 2011 Program Review Report. The concept of harmonizing specific aspects of the LCFS program with other low carbon fuel standard programs has been of interest for the staff since the inception of the program. —Low Carbon Fuel Standard 2011 Program Review Report. Earlier post.).

Carbon 244
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Belfer Center Study Concludes Reducing Car and Truck GHG Emissions Will Require Substantially Higher Fuel Prices; Income Tax Credits for Advanced Alt Fuel Vehicles Are Essentially Ineffective at Reducing Sector Emissions

Green Car Congress

It also finds that, while relying on subsidies for electric or hybrid vehicles is politically attractive, it is an extremely expensive and ineffective way to significantly reduce greenhouse gas emissions in the near term. Second, the tax credits give a significant boost to diesel vehicles. Adoption of all of the preceding policies.

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Opinion: Why Buffett Bet A Billion On Solar: Miles Per Acre Per Year

Green Car Congress

During the late innings of the ICE-age (as in the Internal Combustion Engine age) it has become clear that feeding gasoline and diesel to the next billion new cars is not going to be easy, or cheap. By contrast, at 25 miles per $3 gallon of gasoline, those miles cost 12 cents each. by Henry Hewitt for Oilprice.com.

Solar 150
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DOE to award up to $137M for SuperTruck II, Vehicle Technology Office programs

Green Car Congress

The Vehicle Technologies Office Program Wide Selections will aim to reduce the cost and improve the efficiency of plug-in electric, alternative fuel, and conventional vehicles through thirty-five projects addressing 11 areas of interest. Grid Modernization for Electric Vehicles (Area of Interest 2). Description. Federal funding.

Vehicles 150