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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. joins existing investors Waste Management, Rho Ventures, Braemar Energy Ventures and Cycle Capital, who have each invested in the new equity round.

Financing 225
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Velocys receives FONSI from USDA for planned Mississippi biorefinery; wood waste to drop-in fuels

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Velocys is pursuing a USDA loan guarantee that could apply up to $200 million of debut as part of the total installed cost of the project. Velocys has engaged the global leading project finance bank, Sumitomo Mitsui Banking Corporation (SMBC), as the lender of record and as its financial advisor. —David Pummell, Velocys CEO.

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Air Products secures planning permission for Tees Valley energy-from-waste Renewable Energy Facility

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Air Products has secured planning permission from Stockton on Tees Borough Council (UK) for its Tees Valley Renewable Energy Facility. 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.

Waste 210
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USDA to provide $105M loan guarantee to Fulcrum Sierra Biofuels; municipal solid waste to ethanol

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The US Department of Agriculture (USDA) announced a $105-million loan guarantee to Fulcrum Sierra BioFuels, LLC to finance development of a facility to convert municipal solid waste into advanced biofuels. by Fulcrum, will fully fund construction of the municipal solid waste to renewable transportation fuel facility.

Sierra 253
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Microsoft climate fund invests $50M in LanzaJet alcohol-to-jet SAF plant

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LanzaJet, a sustainable fuels technology company and renewable fuels producer, has secured financing for its Freedom Pines Fuels plant in Soperton, Georgia ( earlier post ), through the Microsoft Climate Innovation Fund. LanzaJet produces SAF and renewable diesel from low-carbon, sustainable ethanol sources.

Climate 273
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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. New investors include Sustainable Conversion Ventures, which focuses on renewable fuels and chemicals investments.

Financing 218
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Global Bioenergies hits two milestones in renewable isobutene project

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Global Bioenergies has reached two milestones—the labscale performance and the industrial process scale-up—of its process to produce renewable isobutene, one of them more than 2 months in advance. The BioMA+ project is financed by the ADEME in the context of the French “Investissements d’Avenir” State program.

Renewable 150