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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. Some RNG may be used by Gevo as process energy in its Net-Zero 1 Project or Gevo’s other future Net-Zero projects. Gevo received approximately $9.3

Financing 334
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IG Metall warns that Krupp Mannesmann steel plant may fail due to lack of financing for conversion to climate-neutral steel production

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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

Financing 221
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How to bridge the gap in climate finance

Innovation News Network

Alba Forns Albuixech and Kristina Lyubomirova Lazarova explore how to bridge the gap in climate finance for a green future. The post How to bridge the gap in climate finance appeared first on Innovation News Network.

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European electrolyzer manufacturers commit to boosting capacity tenfold by 2025

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GW by 2025 and to increase capacity further by 2030 in line with projected demand for renewable hydrogen. This will enable the annual EU production of 10 million tons of renewable hydrogen by 2030, set as target in the March 2022 REPowerEU Communication. —Commissioner for Internal Market, Thierry Breton.

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Gevo options SD site for expansion project; 45M gallons per year renewable jet fuel and gasoline

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The production facility planned for Lake Preston is contemplated to produce about 45,000,000 million gallons per year collectively of jet fuel and renewable gasoline products. Gevo intends to make a decision on whether to purchase the Lake Preston site in the future as part of Citigroup-led project financing.

Renewable 170
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Australia’s new giant Tesla Megapack battery project completes project financing

Teslarati

Australian renewable energy Edify Energy has formally announced that its high-profile 150MW / 300MWh battery storage system has completed its financing. We have long been believers of harnessing the full capability of power electronics and preparing for a 100% renewables-based grid.

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Waste-to-biofuels company Enerkem raises C$280M, its largest financing round

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In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. In November 2017, Enerkem received approval from the US Environmental Protection Agency (EPA) to sell cellulosic ethanol produced at its Edmonton facility under the US Renewable Fuels Standard (RFS). Earlier post.).

Financing 199