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RWE's FUREC project, which aims to produce circular and green hydrogen from non-recyclable municipal solid waste in Limburg, the Netherlands, received a €108-million grant from the EU’s Innovation Fund. FUREC receives funding from the EU Innovation Fund, which is 100% financed by the EU Emissions Trading System (ETS). textiles, paper).
Brightmark Energy , a San Francisco-based waste and energy development company, closed a $260-million financing package for the construction of the US’ first commercial-scale plastics-to-fuel plant, which will be located in Ashley, Indiana.
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.
Canada-based waste-to-biofuels company Enerkem Inc. million) financing, which brings total equity investment raised by Enerkem in 2013 to C$87 million (US$82.7 With its proprietary technology, Enerkem converts non-recyclable municipal solid waste into methanol, ethanol and other widely used chemical intermediates. gasification.
Waste Management and EB Investments are investing C$15 million (US$14.6 Total financing raised by Enerkem in 2011, both at the corporate and project subsidiary levels, now amounts to C$103 million. The Enerkem Alberta Biofuels facility will use the City of Edmonton’s landfill-bound waste to create renewable fuels and chemicals locally.
a leading waste-to-biofuels and chemicals producer, has completed a C$280-million (US$223 million) investment round—its largest to date. In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. Canada-based Enerkem Inc., Earlier post.).
The Mayor of London, Boris Johnson, announced an innovative fund totalling at least £70 million (US$114 million) which will finance low carbon waste and recycling infrastructure. The London Green Fund is the first UK fund to combine European, public and private finance to invest in environmental infrastructure.
The plant will feature SGH2’s technology, which will gasify recycled mixed paper waste to produce green hydrogen that reduces carbon emissions by two to three times more than green hydrogen produced using electrolysis and renewable energy, and is five to seven times cheaper. The facility will process 42,000 tons of recycled waste annually.
Waste gases-to-fuels and -chemicals technology company LanzaTech has closed on $15 million in debt financing from Western Technology Investment (WTI), a private investment firm based in Silicon Valley. Earlier this year, LanzaTech closed a $55.8-million
Agilyx Corporation has secured a new round of Series C funding worth $25 million, led by new investor Keating Capital and joined by existing investors Kleiner Perkins Caulfield & Byers, Saffron Hill Ventures, Waste Management, Total Energy Ventures International, an affiliate of Total S.A., Earlier post.). 10 pounds of plastic.
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.
Tesla Vice President of Finance Sendil Palani recently addressed claims from former secretary of labor and UC Berkeley Professor Robert Reich about the electric vehicle maker’s federal tax payments. “You want waste and fraud? In a recent post, Reich noted that Tesla earned $2.3
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 Management has made a strategic investment in Enerkem, a developer of a thermochemical (gasification and catalytic synthesis) process to produce synthetic fuels and chemicals from biomass and waste, as part of Enerkem’s new financing round. The closing of this new round of financing, which generated C$53.8
to Fulcrum Sierra Biofuels, LLC to build a biorefinery to produce jet fuel from municipal solid waste (MSW) via a proprietary two-stage thermochemical process. million loan in 2011 to convert food and agricultural waste to biogas that is used as fuel to generate electricity. Earlier post.). which received a $12.8-million
the developer of a charger with an integral continuously variable transmission (CVT) ( earlier post ), has raised $8 million in Series C equity financing round. Proceeds from the financing will help drive the company’s growth initiatives and speed up the commercialization of the SuperTurbo technology. VanDyne SuperTurbo Inc.,
The waste plastics to hydrocarbon fuels liquefaction technology is based on pyrolysis and distillation. The objective of the new agreement is to build 10 UK plants dealing with 60,000 tonnes of mixed plastic waste per year and to commission the first plant in London by end 2011. Cynar system.
A subsidiary of Valero Energy Corporation will provide financing to Diamond Green Diesel LLC, a previously announced joint venture project between Darling International and Valero Energy Corporation ( earlier post ), for the construction of its renewable diesel facility in Norco, Louisiana. Darling International Inc.
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.
a developer of technology for the production of advanced biofuels and biochemicals from biomass and waste materials, announced a first close of its Series D round of financing. Coskata Inc.,
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. Air Products has secured planning permission from Stockton on Tees Borough Council (UK) for its Tees Valley Renewable Energy Facility.
LanzaTech has shown 2,3-BD production from waste gas resources in an industrial setting. However, LanzaTech’s process uses nonfood, low-value gas feed stocks, including industrial waste gases such as those produced by steel mills, oil refineries, coal manufacturing, syngas from landfill-waste and reformed natural gas.
an early stage provider of cellulosic biomass feedstock derived from municipal solid waste (MSW) for energy and bio-based chemical production, will install its demonstration vessel at Fiberight LLC’s cellulosic ethanol pilot plant in Lawrenceville, Va. CleanTech Biofuels, Inc.,
INEOS Bio announced that its joint-venture project, INEOS New Planet BioEnergy (INPB), has finalized $75 million in private financing utilizing the US Department of Agriculture (USDA) loan guarantee program for its new Indian River BioEnergy Center located in Florida. Earlier post.) The INEOS Bio process has three main steps: Gasification.
Cool Planet Energy Systems, a renewable fuels and biochar company ( earlier post ), closed on its targeted $100 million Series D financing. The company has begun selling CoolTerra for use in commercial agriculture and recently signed an agreement with Organic Waste Solutions (OWS) for water treatment and remediation.
Biofuels company NextFuels introduced its hydrothermal process for economically producing transportation and industrial fuels from wet, unprocessed agricultural waste. to 6 metric tons of agricultural waste is generated for each metric ton of oil. There is no such thing as waste. Click to enlarge. Approximately 4.4 Resources.
Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,
R33 Blue Gasoline and R33 Blue Diesel consist of one-third renewable components, based exclusively on residual and waste materials. By financing certified environmental projects, fuel producers do more to improve the environmental impact of the remaining fossil components in R33 fuels. The remaining 67% is made up of fossil fuel.
said that its first full-scale commercial waste-to-fuels facility, located in Edmonton, Alberta, has met all operational milestones set by its senior lender Integrated Asset Management (IAM). In less than five minutes, Enerkem’s technology turns household waste into 99.9% Enerkem Inc. pure liquid chemicals and biofuels.
a waste-to-biofuels and chemicals producer, has raised C$152.6 The financings comprise a recently accessed C$29-million (US$22-million) debt facility from Integrated Asset Management Corp.’s Canada-based Enerkem Inc., US$56 million) million of debt from two other lenders, closed over the past year.
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.).
The financing round will enable the company to scale from the batch processing of materials to commercial roll-to-roll production. waste’ cork powder). BMW i Ventures has invested in Natural Fiber Welding , Inc. NFW has developed novel technologies to replace incumbent petrochemical-based materials (e.g.
In a three-year Business Finland BioFlex project, VTT—the Finnish state-owned research agency—and partners are exploring how suitable fuel oils made from biomass and waste plastics are for power plants and ship diesel engines. In theory, bio- or waste-based fuel oil could be identical to fossil fuel oil in chemical composition.
Velocys has engaged the global leading project finance bank, Sumitomo Mitsui Banking Corporation (SMBC), as the lender of record and as its financial advisor. The site will be home to a biorefinery that will use Velocys’ technology to produce low-carbon transportation fuels from the wood wastes of lumber operations and tree plantations.
Enerkem GreenField Alberta Biofuels (EGAB) has successfully completed the necessary environmental regulatory process and has been granted a permit to commence construction of a commercial facility to produce biofuels and green chemicals from sorted municipal solid waste in Edmonton, Alberta. Earlier post.)
million) financing from Bpifrance on the isobutene program. This financing, which allows Global Bioenergies to strengthen its leadership in the field of fermentative isobutene, is structured in the form of a €1.4-million million (US$1.6-million) million interest-free loan over seven years. Earlier post.).
Westinghouse has obtained $800 million in debtor-in-possession (DIP) financing from a third-party lender to help fund and protect its core businesses during its reorganization. The financing will also allow for new letters of credit to be issued. Existing letters of credit have been cash collateralized in full and will remain in place.
China has exempted consumption taxes on pure biodiesel made from waste animal fats or vegetable oils. 2009 and taxes already paid will be refunded, according to the Ministry of Finance (MOF) and the State Administration of Taxation. The new policy is effective from 1 Jan. dollars) per tonne.
Enerkem’s advanced biofuels facility has successfully completed all the necessary steps required by the EPA and is the first municipal-waste-to-cellulosic-ethanol plant to receive approval to sell in the United States.
Shengquan starts production of cellulosic ethanol from its commercial-scale facility month; the production will be cost-competitive with conventional ethanol, as the cellulosic ethanol feedstock is a waste product from Shengquan’s current production, the companies said. Shengquan has invested $100 million in the facility.
million Series C round of financing. 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
The partners said the project will demonstrate the added value of recycling waste streams, not only by reducing emissions at source, hence reducing ArcelorMittal’s direct carbon footprint, but by keeping fossil fuels in the ground through the production of commodity chemicals and fuels that would otherwise be made from oil. Earlier post.).
In a deal brokered by the city’s newly commissioned Citizens Environmental Task Force, Exxon/Mobil, owners of the Exxon/Mobil Refinery in the City of Torrance agreed today to fund a bond that will make low cost financing of solar energy systems for home and apartment owners. 4. Waste & Recycling. Mission of Task Force.
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