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Neste, ReNew ELP and Licella to collaborate in utilization of waste plastic as a raw material for fuels and chemicals

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Neste, the leading producer of renewable diesel, UK-based chemical recycling company ReNew ELP, and Australian technology developer Licella are collaborating in a development project to explore the potential of using mixed waste plastic as a raw material for fuels, chemicals, and new plastics. Earlier post.). Earlier post.).

Waste 170
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CO2-to-chemicals company Liquid Light raises $15M Series B financing; process scale-up and application validation

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Start-up Liquid Light, a developer of process technology to make major chemicals from low-cost, globally-abundant carbon dioxide ( earlier post ), has closed a $15-million Series B financing. The financing was completed at a significant increase in company valuation.

Financing 218
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Alphabet Energy closes $23.5M Series C; thermoelectric waste-heat-to-power for oil & gas and automotive

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Alphabet Energy, a startup commercializing low-cost, efficient thermoelectric materials for power generation leveraging technology initially developed at the Lawrence Berkeley National Laboratory ( earlier post , earlier post ), has closed a $23.5-million million Series C round of financing.

Waste 150
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DOE to award $118M to 17 projects to accelerate domestic biofuel production

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The US Department of Energy (DOE) will award some $118 million in funding for 17 projects to accelerate the production of sustainable biofuels. Financing for novel biorefinery process systems can be a barrier to commercializing advanced biofuels, and this funding will reduce technological uncertainties and enable industry deployment.

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Mangrove raises $3M from BDC Capital to accelerate deployment of battery-grade lithium processing systems

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Canada-based Mangrove Lithium closed a $3-million financing from BDC Capital’s Cleantech Practice. Mangrove is the developer of a modular platform for the cost-effective production of battery-grade lithium hydroxide. Mangrove says that its process recovers more than 90% of the lithium from lithium concentrates.

Sodium 221
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Clean Energy Ventures leads investment battery startups Nth Cycle and Volexion; upstream, downstream

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N th Cycle extracts cobalt, nickel and other critical battery metals from discarded batteries, e-waste and mining waste to make new batteries using a new technology that’s cheaper and more efficient than conventional methods. million seed financing led by climate tech venture capital firms Clean Energy Ventures and Energy Foundry.

Clean 221
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LanzaTech raises $60M in D Round; Mitsui leads, Siemens comes in

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LanzaTech’s carbon capture and utilization technology provides a capital-efficient and cost-effective alternative to traditional carbon capture and storage (CCS). LanzaTech will use the Series D proceeds to extend its core gas fermentation platform and further develop the product portfolio. Led by Mitsui & Co.

Waste 225