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ADEME awarding €3.1M to Global Bioenergies and IBN-One plant project

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Global Bioenergies will soon be receiving €2.6 Global Bioenergies will soon be receiving €2.6 Financing a first of its kind plant, based on an innovative technology is always a challenge. —Marc Delcourt, CEO of Global Bioenergies. Global Bioenergies and Cristal Union created the joint venture IBN-One.

Global 223
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CO2-to-chemicals company Liquid Light raises $15M Series B financing; process scale-up and application validation

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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. New investors include Sustainable Conversion Ventures, which focuses on renewable fuels and chemicals investments.

Financing 218
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Siluria Technologies and Air Liquide partner to develop and deliver novel catalytic process technologies to global energy markets

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Siluria Technologies has entered into a strategic partnership with Air Liquide Global E&C Solutions, the engineering and construction business of the Air Liquide Group, to collaborate on the development of novel catalytic processes utilizing both companies’ expertise in gas conversion technologies. Click to enlarge. Earlier post.).

Global 150
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Global Bioenergies receives €475K funding from French innovation agency OSEO to support industrialization of bacteria-produced isobutene

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One month after its IPO ( earlier post ), Global Bioenergies, a France-based startup that has engineered a series of bacterial strains that can produce isobutene, has received €475K (US$680K) in funding from the French innovation agency OSEO. Global Bioenergies had already received OSEO funding of €760K US(1.1 distillation).

Industry 186
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DOE to award $118M to 17 projects to accelerate domestic biofuel production

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Financing for novel biorefinery process systems can be a barrier to commercializing advanced biofuels, and this funding will reduce technological uncertainties and enable industry deployment. This project will demonstrate the conversion of gaseous carbon wood wastes (terpenes) to renewable Terpenes SAF blending components.

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US Fuels acquires coal-to-diesel IP for scalable plants near mine sites

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Startup US Fuel Corporation (USF), which plans to design, build, own and operate scalable facilities near coal mine sites to convert coal into synthetic fuels, will acquire coal-to-diesel intellectual property (IP) that USF co-developed with an executive team consisting of Paul Adams and Steve Luck. Andrew Halarewicz, Sr.

Coal 225
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A123 Systems and Wanxiang execute definitive agreements for investment of up to $465M in A123

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A123 Systems expects the full investment from Wanxiang will provide it with the capital necessary to strengthen its competitive position in the global vehicle electrification and grid energy storage markets. Further, Wanxiang has demonstrated its commitment to partnering with and investing in U.S. — David Vieau, CEO of A123.

Convert 231