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Design, security, compliance, data visualization, marketing, finance? The software industry tends to reflect and reinforce this preoccupation at every turn, as seen in Netflixs claim that we look for the top 10 percent of global talent or Coinbases desire to hire the top 0.1 What other software must you have mastered?
RWE's FUREC project, which aims to produce circular and green hydrogen from non-recyclable municipal solid waste in Limburg, the Netherlands, received a €108-million grant from the EU’s Innovation Fund. The CO 2 released during the hydrogen production is captured and can be stored or possibly used as a raw material by industry in the future.
Brightmark Energy , a San Francisco-based waste and energy development company, closed a $260-million financing package for the construction of the US’ first commercial-scale plastics-to-fuel plant, which will be located in Ashley, Indiana.
Waste to biofuels and chemicals company Enerkem announced the closing of C$59 million (US$60 million) in financing. As part of this financing, Valero Energy Corp. joins existing investors Waste Management, Rho Ventures, Braemar Energy Ventures and Cycle Capital, who have each invested in the new equity round.
The plant will feature SGH2’s technology, which will gasify recycled mixed paper waste to produce green hydrogen that reduces carbon emissions by two to three times more than green hydrogen produced using electrolysis and renewable energy, and is five to seven times cheaper. The facility will process 42,000 tons of recycled waste annually.
a leading waste-to-biofuels and chemicals producer, has completed a C$280-million (US$223 million) investment round—its largest to date. In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. Canada-based Enerkem Inc., Earlier post.).
Waste gases-to-fuels and -chemicals technology company LanzaTech has closed on $15 million in debt financing from Western Technology Investment (WTI), a private investment firm based in Silicon Valley. Earlier this year, LanzaTech closed a $55.8-million
Waste Management has made a strategic investment in Enerkem, a developer of a thermochemical (gasification and catalytic synthesis) process to produce synthetic fuels and chemicals from biomass and waste, as part of Enerkem’s new financing round. The closing of this new round of financing, which generated C$53.8
A newly released GE study — Flare Gas Reduction: Recent Global Trends and Policy Considerations —estimates that 5% of the world’s natural gas production is wasted by burning or “flaring” unused gas each year, despite some progress on the flaring issue. Click to enlarge.
A subsidiary of Valero Energy Corporation will provide financing to Diamond Green Diesel LLC, a previously announced joint venture project between Darling International and Valero Energy Corporation ( earlier post ), for the construction of its renewable diesel facility in Norco, Louisiana. Darling International Inc.
The facility is the first of a number of advanced gasification energy-from-waste plants that Air Products will be looking to develop in the UK over the next few years. Air Products has secured planning permission from Stockton on Tees Borough Council (UK) for its Tees Valley Renewable Energy Facility.
LanzaTech has shown 2,3-BD production from waste gas resources in an industrial setting. However, LanzaTech’s process uses nonfood, low-value gas feed stocks, including industrialwaste gases such as those produced by steel mills, oil refineries, coal manufacturing, syngas from landfill-waste and reformed natural gas.
In July, BME closed a series A financing round, with the lead investor, Rajiv Shah, joining the board. Light Immersion Technology can be used to grow algae to remediate selenium, zinc, lead, cadmium, boron, mercury, and other undesirable elements and compounds from industrialwaste streams.
Cool Planet Energy Systems, a renewable fuels and biochar company ( earlier post ), closed on its targeted $100 million Series D financing. Cool Planet’s green fuels are chemically identical to fossil fuels, with one of the lowest capital costs in the industry. The private placement has been jointly led by UBS and Goldman Sachs.
Biofuels company NextFuels introduced its hydrothermal process for economically producing transportation and industrial fuels from wet, unprocessed agricultural waste. to 6 metric tons of agricultural waste is generated for each metric ton of oil. Roughly 25% of the GreenCrude can be burned as a solid fuel in industrial boilers.
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 INEOS Bio process has three main steps: Gasification.
The financing round will enable the company to scale from the batch processing of materials to commercial roll-to-roll production. waste’ cork powder). Having a scalable, cost-competitive alternative to leather with premium qualities is key to further advancing the decarbonization of the automotive industry.
Shengquan starts production of cellulosic ethanol from its commercial-scale facility month; the production will be cost-competitive with conventional ethanol, as the cellulosic ethanol feedstock is a waste product from Shengquan’s current production, the companies said. Shengquan will market the ethanol as an industrial solvent.
million) financing from Bpifrance on the isobutene program. Bpifrance granted Global Bioenergies a “Zero Percent Interest Innovation Loan” (Prêt à Taux Zéro Innovation) to adapt its isobutene process to certain specific industrial environments. million (US$1.6-million) million interest-free loan over seven years. Earlier post.).
In a three-year Business Finland BioFlex project, VTT—the Finnish state-owned research agency—and partners are exploring how suitable fuel oils made from biomass and waste plastics are for power plants and ship diesel engines. In theory, bio- or waste-based fuel oil could be identical to fossil fuel oil in chemical composition.
million Series C round of financing. Schlumberger, a new investor from the oil and gas industry, led the round with participation from GM Ventures and Osceola Capital Management, LLC. For example, the US Environmental Protection Agency (EPA) recently announced new regulations to limit methane emissions in the oil and gas industry.
The funds will be used to start the industrialization of the company’s process to convert renewable resources into isobutene, a gas which can be converted into liquid fuels and various polymers. straw) into isobutene, one of the key building blocks of the petrochemical industry. distillation). —Marc Delcourt, CEO.
Also, it will move BlueFire closer to a debt financing agreement with the Department of Energy and US Department of Agriculture. industry.". will use post-sorted cellulosic wastes diverted from Southern California’s landfills to produce approximately 3.9 This off-take agreement is a significant step forward for BlueFire.
It further strengthens our long-term commitment and focus on our Project as we work together with CATL to bring 3Q into full development by building a comprehensive financing plan. In addition, there is enough space for stockpiling waste salts that are a natural byproduct of the solar evaporation process.
The partners said the project will demonstrate the added value of recycling waste streams, not only by reducing emissions at source, hence reducing ArcelorMittal’s direct carbon footprint, but by keeping fossil fuels in the ground through the production of commodity chemicals and fuels that would otherwise be made from oil. Earlier post.).
million in additional financing from several investors, including the Iowa, Minnesota, Kansas and Illinois Corn Growers Associations. Historically, clean-burning fuels, and those that are easy to make from waste CO 2 streams or syngas, have failed to ignite using MCCI. In fact, it increases power by 25%.
degrees Celsius compared with pre-industrial levels, Renault Trucks is committed to gradually electrifying its fleet to become carbon-neutral within 30 years. meet the requirements of urban transport, delivery, distribution and waste collection. To help meet the Paris Agreement’s goal of limiting global warming to less than 1.5
growth in the industry over the next decade, Pike expects production volumes to fall short of an estimated 71.8 despite huge demand for biofuels from transportation end-markets, access to inexpensive feedstocks and financing hurdles remain challenging obstacles for biofuels production trying to keep pace with emerging mandates.
Unlike processes requiring the fermentation of sugars from corn, cellulose or other biomass materials, Joule uses engineered biocatalysts to recycle industrial CO 2 emissions directly into ethanol, avoiding the use of crops, arable land and fresh water. New financing.
Waste gas streams captured from industrial factories can be directly converted on-site to low-carbon liquid fuels and chemicals by adding a LanzaTech facility at the source, offering the potential to reduce global CO 2 levels while accessing multi-billion dollar commodities markets.
The Pacific Northwest has the diverse feedstocks, fuel-delivery infrastructure and political will needed to create a viable biofuels industry capable of reducing greenhouse gases and meeting the future fuel demands of the aviation industry, according to a newly-released study by Sustainable Aviation Fuels Northwest (SAFN).
The List of Critical Raw Materials has been updated to reflect the changed economic importance and supply challenges based on their industrial application. A number of raw materials are essential for Europe to lead the green and digital transition and remain the world’s first industrial continent. It contains 30 critical raw materials.
Financing a first of its kind plant, based on an innovative technology is always a challenge. Progress in engineering and forecasted prices for our products now higher than initially anticipated are fueling our optimism regarding the plant’s financing within the new schedule. Global Bioenergies will soon be receiving €2.6
In a deal brokered by the city’s newly commissioned Citizens Environmental Task Force, Exxon/Mobil, owners of the Exxon/Mobil Refinery in the City of Torrance agreed today to fund a bond that will make low cost financing of solar energy systems for home and apartment owners. 4. Waste & Recycling. Mission of Task Force.
Inefficient fossil fuel subsidies encourage wasteful consumption, distort markets, impede investment in clean energy sources and undermine efforts to deal with climate change. The inaugural meeting of the G-20 took place in Berlin, on December 15-16, 1999, hosted by German and Canadian finance ministers.
MEK, Butadiene) from industrialwaste gases, has signed a memorandum of understanding with one of the largest coal producers in China, Henan Coal and Chemical Industrial Corporation, to build a demonstration plant to produce ethanol and chemicals via LanzaTech’s fermentation process using syngas resulting from the gasification of coal.
The running total is 122 manufacturing and non-manufacturing operations spanning Asia, Europe, and South and North America that recycle, reuse or convert to energy all waste from daily operations. Colmotores Assembly in Colombia launched awareness campaigns that engaged employees in reducing waste and sorting it correctly.
a clean water company that recovers phosphorus and nitrogen from industrial and municipal wastewaters to create premium fertilizers, completed a US$14.5-million million private equity financing. Ostara Nutrient Recovery Technologies Inc., a fund managed by FourWinds Capital Management.
Wind, solar, biomass and waste-to-power, geothermal, small hydro and marine power contributed an estimated 9.1% billion, a 10-year low; biomass and waste-to-energy dropping 10% to $8.4 There were seven billion-dollar-plus financings of offshore wind projects, boosting the investment totals for the Netherlands, the UK and Germany.
Novo Holdings is making a $72-million investment in the company in a Series E financing, and Senior Director Anders Bendsen Spohr will join LanzaTech’s Board of Directors. This locks carbon into a cycle and supports a transition to a circular economy.
Operation of the lithium plant and financing will be 100% carried out by POSCO Argentina, a subsidiary of POSCO Holdings. Construction of the brine lithium plant is to be completed in the first half of 2024, with annual production of 25,000 tons of lithium hydroxide. The total investment cost is about US$830 million (about KRW 0.95
Shengquan is a leading producer of furfural using xylose in corncobs, a monomer for resin production in the foundry industry. Shengquan is a global first mover in this industry, which is on the verge of materializing right now. This would create 2.9
The State of Hawaii recently passed legislation to assist in funding a project that converts crops, crop residues, dedicated energy crops, and agricultural waste into biofuels and value-added co-products. Basing its efforts on the requirements of the Hawaii Zero Waste Program, BioTork entered into collaboration with the Daniel K.
In office building applications, Global 500 multinational Bouygues Construction engaged Ennesys to study the integration of waste water algae production in two building projects in the Greater Paris region, each at the scale of a million square feet (80,000 m 2 and 150,000 m 2 ).
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