Remove Carbon Remove Diesel Remove Financing Remove Iowa
article thumbnail

Gevo closes $68M Green Bond to finance RNG project

Green Car Congress

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. Gevo received approximately $9.3

Financing 334
article thumbnail

ClearFlame Engine Technologies secures $17M in Series A financing

Green Car Congress

ClearFlame Engine Technologies , a startup developing net-zero engine technology ( earlier post ), has secured $17 million in Series A financing, which will enable commercialization of the company’s innovative engine technology for the long-haul trucking, agriculture and power generation sectors.

Financing 318
article thumbnail

ClearFlame Engine Technologies secures $2.5M to advance diesel-free truck demonstration; ethanol-fueled MCCI

Green Car Congress

million in additional financing from several investors, including the Iowa, Minnesota, Kansas and Illinois Corn Growers Associations. The ClearFlame solution leverages diesel-style mixing-controlled compression ignition (MCCI). The new funding will help ClearFlame deploy pilot Class 8 trucks with its patented technology.

Diesel 321
article thumbnail

USDA awarding $136M to five major research projects focused in part on developing cellulosic drop-in aviation fuels

Green Car Congress

University partners from the states of Washington, Louisiana, Tennessee, and Iowa will lead the projects, which focus in part on developing aviation biofuels from tall grasses, crop residues and forest resources. The team will also evaluate a co-product—bio-char—as a soil amendment to increase carbon sequestration.

Louisiana 230
article thumbnail

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

Green Car Congress

Reformate enhances the energy content of gasoline, diesel, and jet fuel; biofuels such as ethanol are fuel additives that are instead blended into a finished product to oxygenate fuel. This excess carbon is highly porous and has beneficial water and nutrient retaining capabilities. Earlier post.).

article thumbnail

US DOT Awards $100M in Recovery Act Funds to 43 Transit Projects to Reduce Energy Consumption and Greenhouse Gas Emissions

Green Car Congress

Stationary Fuel Cells and Hybrid Transit Buses Incremental Costs: The purchase of diesel-electric hybrid transit buses and stationary fuel cells for use in the statewide bus system in Connecticut. Composite body electric buses: Replace conventional diesel transit buses with 35-ft composite body electric transit buses.

Emissions 256
article thumbnail

Opinion: Why Buffett Bet A Billion On Solar: Miles Per Acre Per Year

Green Car Congress

During the late innings of the ICE-age (as in the Internal Combustion Engine age) it has become clear that feeding gasoline and diesel to the next billion new cars is not going to be easy, or cheap. However, building more coal and gas power plants to make miles for transport is counter-productive if the game plan is to reduce carbon output.

Solar 150