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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. Gevo received approximately $9.3

Financing 334
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ClearFlame Engine Technologies secures $17M in Series A financing

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ClearFlame Engine Technologies , a startup developing net-zero engine technology ( earlier post ), has secured $17 million in Series A financing, which will enable commercialization of the company’s innovative engine technology for the long-haul trucking, agriculture and power generation sectors.

Financing 318
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ClearFlame Engine Technologies secures $2.5M to advance diesel-free truck demonstration; ethanol-fueled MCCI

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million in additional financing from several investors, including the Iowa, Minnesota, Kansas and Illinois Corn Growers Associations. ClearFlame Engine Technologies , a growing startup dedicated to the development of clean engine technology ( earlier post ), secured $2.5

Diesel 321
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POET Planning for 3.5B Gallons of Cellulosic Ethanol in 2022

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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. Today, the US effectively has a 90% mandate for oil in the gasoline supply.

Iowa 218
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REGI secures up to $20M for biodiesel plant capacity expansion

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has secured financing of up to $20 million from First Midwest Bank for the $24-million capacity-expansion project at the company’s Ralston, Iowa biodiesel refinery. This would match the capacity at the company’s other Iowa biorefineries in Mason City and Newton. Iowa Senate File 2309, which was signed into law last year by Gov.

Iowa 150
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USDA awarding $136M to five major research projects focused in part on developing cellulosic drop-in aviation fuels

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University partners from the states of Washington, Louisiana, Tennessee, and Iowa will lead the projects, which focus in part on developing aviation biofuels from tall grasses, crop residues and forest resources. The project aims to develop a regional source of renewable aviation fuel for Seattle-Tacoma International Airport.

Louisiana 230
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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. Earlier post.) Upon the closing of the joint venture, POET will officially decline the guarantee prior to drawing any funds. Earlier post.)