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Renewable fuels and biochar company Cool Planet closes on $100M Series D financing

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One of the catalytic conversion processes creates a high-octane gasoline blend stock that can be used in today’s standard automobiles requiring no change to existing conventional fuel distribution systems. The company broke ground on its first biofuel production facility in Alexandria, Louisiana, on 26 February 2014.

Financing 225
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UPS announces renewable diesel agreements with Neste, REG and Solazyme; up to 46M gallons over next 3 years

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Bio-based feedstocks from fats, plant oils and waste residues are converted to renewable diesel using advanced refining technologies. Neste produces NEXBTL renewable diesel from a variety of feedstocks including more than half from waste and residues. White House climate pledge. trillion.

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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USDA has reached an agreement with Silicon Valley Bank to provide a $91-million Biorefinery Assistance Program loan guarantee to Cool Planet to help the company finish construction on an advanced biofuel plant at the Port of Alexandria in Louisiana. Earlier post.). The Cool Planet process is widely tunable in the produced biochar/fuel ratio.

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LA-based SMLC to lead new DOE Smart Manufacturing Innovation Institute; ~$800M for 5 new hub competitions

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The Institute will focus on solving the cross-cutting manufacturing challenges that stand in the way of producing new synthetic tissues and organs—such as improving the availability, reproducibility, accessibility, and standardization of manufacturing materials, technologies, and processes to create tissue and organ products.