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EIA: State tax rates for retail gasoline and diesel increased in 13 states in 2023

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In January 2023, state taxes and fees on gasoline and diesel fuel averaged $0.3163 per gallon (gal) of gasoline and $0.3388/gal of diesel fuel, according to the US Energy Information Administration (EIA). For example, New York State taxes for both diesel and gasoline rose $0.088/gal in January 2023 compared with July 2022.

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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. million dollar cost matching grant from the State of Florida.

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CNG Ford Focus Available in Florida

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and Altech-Eco have signed an exclusive agreement to bring EPA-certified dedicated and bi-fuel (gasoline/compressed natural gas) retrofitted Ford Focus vehicles (MY 2008 and 2009) to Florida consumers. The bi-fuel CNG Ford Focus has the ability to run on CNG or gasoline and comes with a manufacturer-rated CNG cylinder of 9.1

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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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Cool Planet’s biogasoline blendstock is 100% compatible with pump gasoline. 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. Source: Cool Planet. Click to enlarge. Earlier post.).

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KiOR seeks to double cellulosic fuels production at Columbus plant; $50M in from Khosla for Columbus II

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Cellulosic gasoline and diesel company KiOR, Inc. We believe these improvements to both capital and operating costs will enable us to attain financing for the planned Natchez facility on terms more favorable to KiOR and less dilutive to its shareholders. Khosla Ventures incubated KiOR in 2007 and is the lead investor. Earlier post.).

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

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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. The SAF blends are expected to meet not only minimum ASTM specification requirements, but also density requirements. Comstock Inc.,

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EIA: cellulosic biofuels will likely remain well below EISA targets

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A number of biofuels projects, including one from BP Biofuels in Highlands County, Florida, have been canceled before starting major construction. In addition, many projects have experienced delays in their commercialization attempts.

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