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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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GE study finds 5% of worlds natural gas production wasted per year by flaring

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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.

Waste 260
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DOE to award $118M to 17 projects to accelerate domestic biofuel production

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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. This project will demonstrate the conversion of gaseous carbon wood wastes (terpenes) to renewable Terpenes SAF blending components.

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). by Bill Cooke. Energy Markets in a State of Change. Billion vs. $28.3 Billion in 2008). Earlier post.).

Financing 150
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Energy 2030 outlines steps to double US energy productivity by 2030; spend $166B a year to net savings of $327B

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This investment would both reduce the amount of energy needed to run the American economy and the price of energy for US consumers, lowering overall energy costs by some $494 billion a year, according to the analysis. Make all cost-effective efficiency improvements to federal buildings, using private financing and public funds.

Energy 236
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Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

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Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. Earlier post.). Climate Change Emissions Fuel Efficiency Fuels Heavy-duty Policy'

Obama 249
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Coskata Unveils Semi-Commercial Feedstock-Flexible Ethanol Facility; Springboard for Full-Scale Commercial Rollout

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The Coskata process can produce more than 100 gallons of ethanol per ton of dry, ash-free biomass material at a cost competitive with expected gasoline prices—around $1.00 Sorted waste (construction and demolition). Coskata has finalized the design and is in the final phases of pulling together project financing.