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Enerkem raises C$59M in latest financing round; Valero Energy joins, Waste Management increases investment

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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. Enerkem’s financing round, for which Credit Suisse acted as agent, will support the company’s large roll-out of current and future planned projects.

Financing 225
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BlueFire Renewables Signs 15-Year Feedstock Supply Contract for Cellulosic Ethanol Facility

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Cellulosic biofuels company BlueFire Renewables, Inc. Coupled with our recently-announced off-take agreement with Tenaska BioFuels, LLC, the key input and output contracts required for financing are now resolved. —Arnold Klann, CEO of BlueFire Renewables, Inc.

Renewable 210
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DOE pulls grant funding from BlueFire Renewables cellulosic biofuels plant

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BlueFire Renewables, Inc., BlueFire Renewables, Inc., BlueFire also asserted that if it failed in reversing the DOE decision, it would devise a new strategy with respect to financing the Fulton Project. Earlier post.). Earlier post.).

Grant 210
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Biomass to sugars and lignin company announces new name, new CEO, $30M in funding and a $75M deal with Mississippi to build plants in state

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Virdia, formerly HCL CleanTech, a developer of cellulosic sugars, announced a number of major company milestones, including a new brand and CEO, its latest funding round, and a $75-million deal with the Mississippi Development Authority to build manufacturing plants in the state. Earlier post.)

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Elevance acquires first North American biorefinery

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Elevance Renewable Sciences Inc., which is commercializing olefin metathesis technology ( earlier post ), has acquired the Delta BioFuels facility in Adams County, Mississippi. The Mississippi Development Authority worked with company and local officials to help facilitate the project.

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Velocys receives FONSI from USDA for planned Mississippi biorefinery; wood waste to drop-in fuels

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Velocys plc announced that the US Department of Agriculture (USDA) has issued a Finding of No Significant Impact (FONSI) on the environmental assessment report for Velocys’ planned Bayou Fuels biorefinery in Natchez, Mississippi. No opposing or negative comments were filed as part of the USDA’s public consultation process.

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US Geothermal Power Could Top 10 Gigawatts, New Industry Report Says

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Mississippi. The number of states with geothermal projects under development also increased, from 12 to 14 over the past six months, with the addition of two oil-field co-production projects in Louisiana and Mississippi. State # of projects Potential MW. California. New Mexico. Washington. unspecified. and 7,109.9

Industry 240