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Myriant receives USDA loan guarantee to close bond placement for construction of bio-succinic acid plant

Green Car Congress

Myriant Corporation closed a $25 million private bond placement for the construction of its flagship commercial bio-succinic acid plant located in Lake Providence, Louisiana. The B&I program is designed to improve the economic and environmental climate in rural communities by supporting the development of high quality local industry.

Louisiana 210
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Record $86B in 2011 US oil and gas upstream deals, led by unconventional sector with $62B

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a provider of information, marketing and advisory services for the oil and gas industry. Industry appetite for oil-rich resource plays, particularly the North Dakota Bakken shale, Texas Eagle Ford shale and Ohio Utica shale, drove deal activity in the unconventional sector to a record $62 billion. In its analysis, PLS allocated $7.2

El Paso 225
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Follow the sand to the real fracking boom

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And that’s just one player,” Rasool Mohammad, President and CEO of Select Sands Corporation told Oilprice.com. The industry has gone from drilling four wells per square mile to up to 16 using shorter, wider fracs. Pushing demand up is the trend for wider, shorter fracs , which require twice as much sand.

Oil-Sands 262
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DOE awards $19M to 13 initiatives in fossil-fuel areas to produce rare earth elements and critical minerals

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Gulf Coast Basin (Alabama, Arkansas, Georgia, Louisiana, Mississippi and Texas): The University of Texas at Austin plans to quantify coal from mines and coal ash from power plant resources and refuse as feedstocks for rare earth elements and critical minerals within the US Gulf Coast Basin. DOE Funding: $1,204,129. DOE Funding: $1,499,999.

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USDA establishes four additional Biomass Crop Assistance Program project areas

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Acreage in Arkansas, Missouri, Ohio and Pennsylvania will be designated to grow giant miscanthus, a sterile hybrid warm-season grass that can be converted into energy to be used for heat, power, liquid biofuels, and bio-based products. A project area must have specific boundaries that are approved by the Secretary of Agriculture.

Missouri 186
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Westinghouse and Ameren Missouri form NexStart SMR Alliance for rapid licensing and deployment of Westinghouse Small Modular Reactor technology; targeting operation in 2022

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These cost-share agreements will span a five-year period and, subject to Congressional appropriations, provide a total investment of approximately $900 million, with at least 50% provided by private industry. Westinghouse Electric Company is a group company of Toshiba Corporation. Association of Missouri Electric Cooperatives, Inc.;

Missouri 218
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VIMS Collaborates with StatoilHydro on Algae Biofuel Project

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The College of William and Mary and its Virginia Institute of Marine Science have formed a collaborative research initiative with a number of corporate partners—notably StatoilHydro—to investigate a new technology to produce biofuel from the algae growing naturally in rivers and the Chesapeake Bay.

Mariner 186