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Gevo closes $68M Green Bond to finance RNG project

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has closed a $68,155,000 “Green Bond” private activity bonds offering to finance the construction of its renewable natural gas (RNG) project in Northwest Iowa. The feedstock for the RNG Project will be supplied by three dairy farms located in Northwest Iowa totaling more than 20,000 milking cows.

Financing 334
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Edeniq and Flint Hills Resources Renewables establish joint development relationship for ethanol

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Flint Hills Resources Renewables, LLC, a leading US ethanol producer, will become a customer of Edeniq, Inc., a biomaterials and sustainable fuels company, in addition to being an investor. The equity investment was led by existing investors, as well as new investor Flint Hills Resources Renewables, LLC.

Renewable 170
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Hydrogen from biomethane; gasoline & diesel from tree residue; cellulosic ethanol among new proposed California LCFS fuel pathways

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California Air Resources Board (ARB) staff posted 32 new Low Carbon Fuel Standard (LCFS) fuel pathway applications for comments at the LCFS website. The LCFS is a regulation to reduce the carbon intensity (CI) of fuels sold in California by 10% by 2020. The LCFS applies to liquid and non-liquid fuels. gCO 2 e/MJ.

Gasoline 150
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MIT/UC Davis professors challenge claims that ethanol production decreased gasoline prices in 2010 and 2011

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Knittel/Smith results for implied gasoline price effects from elimination of ethanol for 2010 using Du/Hayes model and pooled-sample estimates. Put simply, the empirical results merely reflect the fact that ethanol production increased during the sample period whereas the ratio of gasoline to crude oil prices decreased.

Davis 334
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Lux Research provides snapshot of oil majors’ investments in alternative fuels; BP leads investment frequency

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Lux Research has investigated the trends of corporate financing of alternative fuels from oil majors, based on a non-exhaustive database of more than 1,000 deals and partnership engagements from 2000 through September, 2014. It also continues investing in biomass-to-sugar technology including handling cellulosic biomass, such as REAC Fuel.

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USDA to invest up to $100M to boost infrastructure for renewable fuel use; seeks to double number of higher blend ethanol fuel pumps

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US Agriculture Secretary Tom Vilsack announced that the US Department of Agriculture (USDA) will invest up to $100 million in a Biofuels Infrastructure Partnership to support the infrastructure needed to make more renewable fuel options available to American consumers. USDA will post a Notice of Solicitation of Applications in June.

Renewable 150
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USDA provides $91M loan guarantee to Cool Planet for biogasoline blendstock plant; biomass pyrolysis and catalytic conversion

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Gas chromatography comparison of Conoco fuel and a Conoco-CoolPlanet blend. Cool Planet’s biogasoline blendstock is 100% compatible with pump gasoline. Cool Planet has devised a biomass-to-liquids thermochemical conversion process that simultaneously produces liquid fuels and sequesterable biochar useful as a soil amendment.