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DOE issues draft loan solicitation for up to $4B for renewable energy and energy efficiency projects; drop-in biofuels a key area

Green Car Congress

The US Department of Energy (DOE) issued a draft loan guarantee solicitation for renewable energy and energy efficiency projects located in the US that avoid, reduce, or sequester greenhouse gases. Waste-to-Energy. Drop-in Biofuels. DOE anticipates qualifying projects may include, but?are Advanced Grid Integration and Storage.

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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. This can be blended into the gasoline pool for the renewable fuels market.

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). by Bill Cooke. Billion vs. $28.3 Billion in 2008). Earlier post.).

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Green gasoline company CORE BioFuel Inc. engages Osprey Capital Partners Inc. to secure investment for construction engineering

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Canada-based biomass-to-gasoline company CORE BioFuel Inc. Osprey Capital will secure equity investment capital to fund the completion of construction engineering for CORE’s first wood-to-Green Gasoline plant to be built in Canada. earlier post ) has signed an exclusive agreement with Osprey Capital Partners Inc., —Alan Crossley.

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IEA: Estonia is pioneering technologies for more efficient and cleaner use of oil shale

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The extracted rock can be used directly as a power plant resource or it can be processed to produce shale oil, which in turn can be refined into gasoline, diesel or jet fuels. Just over 85% of mined oil shale was used to produce electricity and heat generation; the rest was turned into shale oil, retort gas and other valuable chemicals.

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President’s 2016 Budget requests $29.9B for DOE; 9% boost over FY 2015 enacted; $793M (2.7%) for sustainable transportation

Green Car Congress

The FY 2016 Request supports a number of aggressive vehicle technology goals: battery energy storage, electric drive research and development (R&D). The FY 2016 Request emphasizes development of innovative processes to convert cellulosic and algal-based feedstocks to bio-based gasoline, jet, and diesel fuels at a cost of $3.00

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Audi unveils e-gas project: synthetic methane from the methanation of green hydrogen; series production of CNG models in 2013 powered by e-gas

Green Car Congress

Starting in 2013, Audi will begin series production of TCNG models whose engines—derived from TFSI units—will be powered by e-gas: synthetic methane produced via the methanation of hydrogen produced by electrolysis using renewable electricity. MW each, these four turbines are to supply some 53 GWh of electricity annually.

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