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INEOS Bio JV Closes $75M in private financing under USDA loan guarantee program for advanced BioEnergy Center in Florida

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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. Earlier post.) The hot synthesis gas is quenched and cleaned.

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Algenol closes on additional $25M internal equity financing

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Algal fuels producer Algenol has closed on a $25-million dollar investment from BioFields, a Mexican business group devoted to the development of renewable and clean energy projects. The algal bio-oil can be used to produce biodiesel, renewable diesel, or other bio-oil-derived products.

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US DOE announces 3 consortia for $125M US-India Joint Clean Energy Research and Development Center; solar, second-generation biofuels and buildings

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The US Department of Energy announced the selections for three consortia that will make up the $125-million US-India Joint Clean Energy Research and Development Center (JCERDC). As part of a planned five-year initiative, the Energy Department will make $5 million available in fiscal year 2012.

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USDA to award $11M loan guarantee to Oregon biorefinery

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The US Department of Agriculture (USDA) will support Novus Energy’s new biorefinery project in Boardman, Ore. with an $11-million loan guarantee through the Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program. million cubic feet of renewable natural gas, 350 gallons of liquid fertilizer, and 11.2

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USDA to provide $105M loan guarantee to Fulcrum Sierra Biofuels; municipal solid waste to ethanol

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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. With the loan guarantee finalized, the company will secure bank financing, which when combined with private equity capital provided.

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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. Cool Planet’s sources of biomass include corn stover, wood chips, and fast growing, non-food energy crops such as miscanthus.

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DOE to award $118M to 17 projects to accelerate domestic biofuel production

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The US Department of Energy (DOE) will award some $118 million in funding for 17 projects to accelerate the production of sustainable biofuels. 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.