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Gevo closes $68M Green Bond to finance RNG project

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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

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The VERBIO Nevada (Iowa) Biorefinery began producing renewable natural gas (RNG) on an industrial scale in December 2021. Renewable natural gas from the VERBIO Nevada Biorefinery is injected into an Alliant Energy pipeline before being distributed across the country. The plant in Nevada (Iowa) is our first plant in the USA.

USA 195
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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.

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Lux Research provides snapshot of oil majors’ investments in alternative fuels; BP leads investment frequency

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Lux Research has investigated the trends of corporate financing of alternative fuels from oil majors, based on a non-exhaustive database of more than 1,000 deals and partnership engagements from 2000 through September, 2014. Additionally, ExxonMobil recently teamed up with Iowa State University to research pyrolysis.

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POET Planning for 3.5B Gallons of Cellulosic Ethanol in 2022

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That volume would represent more than 20% of the cellulosic ethanol mandated in the US Renewable Fuel Standard. In order for this vision to become a reality, policy makers must provide access to the market and the stability needed to attract the large amount of capital that will be required to finance its construction. Jeff Broin.

Iowa 218
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DSM and POET form major JV for cellulosic bioethanol; POET to decline $105M DOE loan guarantee

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In light of its joint venture with DSM, POET said it will not utilize the loan guarantee it was awarded by the US Department of Energy (DOE) on 23 September 2011 to finance Project LIBERTY. A third party study commissioned by POET has shown that fuel from Project LIBERTY has greenhouse-gas intensity 111% below gasoline. Earlier post.)

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Novozymes introduces its latest enzyme technology for cellulosic biofuels; performs 1.5x better than predecessor

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Cellic CTec3 allows the cost of producing ethanol from biomass to approach the level of corn ethanol and gasoline, according to the company. Fiberight will open a small-scale plant in Lawrenceville, Virginia, this year, and a plant producing 6 million gallons per year in Blairstown, Iowa, in 2013.

Waste 210