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has completed a non-brokered private placement of a US $1,000,000 Convertible Note with I2BF Energy. The offering constituted the second tranche of the bridge financing previously announced on 8 April 2014. Ultracapacitor company Nesscap Energy Inc. The proceeds will be used for working capital.
a leading renewable technology, chemical products, and next generation biofuels company, has closed a private debt financing with Whitebox Advisors LLC consisting of a senior secured term loan exchangeable into senior secured convertible debentures. million in convertible debentures within 90 days of closing of the Financing.
million in Series E financing through the sale of new shares and the conversion of previously issued promissory notes. The financing will be used to further grow customer adoption in key commercial markets, expand internationally and develop and commercialize new products.
EcoDual, LLC, a provider of diesel-to-natural-gas dual-fuel conversion systems for heavy duty diesel powered trucks has partnered with Vision Financial Group (VFG) to provide lease-to-own financing options for fleet owners seeking to convert to natural gas operation.
Alliance AutoGas, through conversion equipment provider and co-founding partner American Alternative Fuel, is now EPA-certified to convert more than 200 vehicle types to propane autogas utilizing the Prins System. Alliance AutoGas provides both bi-fuel and propane-dedicated conversions using Prins vapor and liquid injection technology.
a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. Going forward, our primary goal for both current and future capital initiatives is to leverage the best available financing solutions that will provide liquidity and favorable economics.
Under the terms of the financing, the company will issue shares of common stock at a price of $2.12 The completion of this financing will greatly accelerate the build out of our national network of diesel-to-natural-gas conversion facilities. million in gross proceeds. Merriman Capital, Inc.
OXCCU, a company spun-out from the University of Oxford in 2021 that is focused on converting carbon dioxide and hydrogen into industrial and consumer products ( earlier post ), completed an £18-million (US$22.8 million) Series A financing round.
Calysta Energy completed a Series A financing round totaling $3 million. The financing was led by Pangaea Ventures Ltd., Calysta intends to use the Series A investment to advance development of biological routes to high value industrial chemicals and fuels based on methane, an advantaged feedstock from natural gas. Earlier post.).
Fulcrum will gasify 147,000 tons of municipal solid waste to produce synthesis gas which it then will catalytically convert to synthetic paraffinic kerosene/jet fuel via a Fischer-Tropsch (FT) process. million loan in 2011 to convert food and agricultural waste to biogas that is used as fuel to generate electricity.
Senior Secured Convertible Notes due 2024 to two institutional lenders. million and will be used to increase and accelerate production volume, advance new products to market, replace previous higher cost financings, and support current working capital and other general corporate purposes. convertible notes to exchange the full $70.0
an emerging natural gas production company which uses proprietary technology to convert both underground and mined low-rank coal to pipeline-quality methane biochemically at large scale and low cost, has raised equity in its second round of financing, led by new investor Khosla Ventures. Ciris Energy, Inc.,
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. The financing was completed at a significant increase in company valuation.
A subsidiary of Valero Energy Corporation will provide financing to Diamond Green Diesel LLC, a previously announced joint venture project between Darling International and Valero Energy Corporation ( earlier post ), for the construction of its renewable diesel facility in Norco, Louisiana. Charles refinery near Norco, Louisiana.
The loan guarantee will help finance construction of the largest clean hydrogen storage facility in the world, capable of providing long-term low-cost, seasonal energy storage, furthering grid stability. ACES Delta is a joint venture between Mitsubishi Power Americas and Magnum Development.
million in cash proceeds and the conversion by Total Gas & Power USA, SAS of $5 million from an outstanding senior unsecured convertible promissory note. Amyris uses its industrial synthetic biology platform to convert plant sugars into a variety of hydrocarbon molecules. The transaction included $37.25
Siluria Technologies, a startup developing novel catalysts for the oxidative coupling of methane (OCM) reaction to produce ethylene (C 2 H 4 ) directly from methane (CH 4 ) with high performance at low temperatures ( earlier post ), has closed its Series C financing, raising $30 million. Earlier post.). To date, Siluria has raised $63.3
Badlands NGL, LLC, announced the development of a North Dakota manufacturing plant that will convert ethane (C 2 H 6 ), a byproduct of natural gas processing, into polyethylene, which is used to make a wide variety of end-use consumer and industrial plastics. The facility will convert ethane gas to low density and high density plastics.
Coca-Cola is converting all of its newly purchased 2014 Chevrolet Express service vans into fuel-efficient hybrid-electric vehicles using XL Hybrids’ powertrain technology. Separately, XL Hybrids announced it has raised $3 million in a pre-Series C debt financing round from WindSail Capital Group. Earlier post.)
SITA UK, one of the country’s leading recycling and resource management companies and a subsidiary of Suez Environment, has signed an exclusive agreement with Cynar Plc to build Britain’s first fully operational plants to convert end of life plastic into diesel fuel. Agitation evens the temperature and homogenizes the feedstocks.
The Mayor of London, Boris Johnson, announced an innovative fund totalling at least £70 million (US$114 million) which will finance low carbon waste and recycling infrastructure. The London Green Fund is the first UK fund to combine European, public and private finance to invest in environmental infrastructure.
Cool Planet Energy Systems, a renewable fuels and biochar company ( earlier post ), closed on its targeted $100 million Series D financing. Catalytic Conversion: Cool Planet has developed a number of proprietary catalytic conversion processes to convert these useful hydrocarbon components into different types of fuels.
As part of the FUREC project, RWE plans to build a pre-treatment plant in Zevenellen, Limburg, to convert non-recyclable municipal solid waste (MSW) into solid recovered fuel pellets. FUREC receives funding from the EU Innovation Fund, which is 100% financed by the EU Emissions Trading System (ETS). textiles, paper). textiles, paper).
As part of the agreement the partners will offer aircraft leasing and financing solutions that enable operators to run zero-emission flights. MONTE and ZeroAvia aim to retrofit the aircraft for clients starting in 2024 and will provide and finance maintenance and hydrogen availability services to support these operations.
Mascoma will then convert the feedstock to cellulosic ethanol through its proprietary process, which produces lignin as a by-product. Chevron has filed applications for two patents on processes to convert lignin to a hydrocarbon feedstock via hydroprocessing; both applications were published on 3 September 2009. Earlier post.)
These costs are fully funded, with Valero providing the majority of the financing, and the remainder from awards by the US Department of Energy (DOE) and the State of Michigan. Construction of the Kinross facility is anticipated to start in the next three to six months and is expected to be completed by year-end 2013.
Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,
According to the Fiscal Impact Statement prepared by the Finance Division of the City Council, there are approximately 10,700 school buses City-wide, of which the City manages approximately 960 in partnership with the NYC School Bus Umbrella Corporation (NYCSBUS). million in capital costs through Fiscal 2035, or $28.3
IG Metall, Germany’s largest union as well as Europe’s largest industrial union, warns that at Hüttenwerke Krupp Mannesmann (HKM), the switch to climate-neutral steel production is may fail due to the lack of financing. This would be the end of the plant, IG Metall said. With a current production volume of 4.2
Fulcrum’s fully-integrated processes for converting MSW to jet fuel, diesel and ethanol have been proven and demonstrated at Fulcrum’s demonstration facility located in Durham, North Carolina. The plant includes the same MSW sorting, gasification and fuel production systems that will be utilized in Fulcrum’s commercial plants.
Agilyx economically converts difficult to recycle waste plastic into synthetic crude oil. Chrysalix Energy Venture Capital and Reference Capital. Earlier post.).
INEOS Bio announced that its joint-venture project, INEOS New Planet BioEnergy (INPB), has finalized $75 million in private financing utilizing the US Department of Agriculture (USDA) loan guarantee program for its new Indian River BioEnergy Center located in Florida. Earlier post.) Fermentation.
The US Department of Agriculture (USDA) announced a $105-million loan guarantee to Fulcrum Sierra BioFuels, LLC to finance development of a facility to convert municipal solid waste into advanced biofuels. Fulcrum Sierra uses a two-part thermo-chemical process: Gasification converts the MSW into a synthesis gas, or syngas.
million) financing from Bpifrance on the isobutene program. This financing, which allows Global Bioenergies to strengthen its leadership in the field of fermentative isobutene, is structured in the form of a €1.4-million Fifteen million tons of isobutene are derived from oil each year and converted into fuels, plastics and elastomers.
The financing round will enable the company to scale from the batch processing of materials to commercial roll-to-roll production. Natural Fiber Welding has developed an innovative process of converting plants into all-natural, 100% recyclable material that mimic all the properties of traditional leather, yarns and foams.
In conjunction with the agreement, KSP and FREYR have invested $70 million in convertible promissory notes with 24M, under which KSP and FREYR will initially invest $50 million and $20 million, respectively.
In addition to the $42-million internal equity round, an additional $34 million in funding was raised predominantly in debt financing from Tennenbaum Capital Partners (TCP), along with equity and debt investment rolled over by existing members of Central MN Ethanol Co-op LLC (CMEC) in Central MN Renewables LLC (CMR), a US affiliate of GBL.
This capital increase will allow Global Bioenergies to accelerate its development plan and in particular to: Continue and accelerate the development phase of its isobutene process; Complete the investments required for the installation of the laboratory pilot and to finance studies for the industrial pilot; and.
New financing. Joule also announced the closing of $40 million in private equity and venture debt financing, supporting the company’s growth towards commercialization. At full-scale commercialization, Joule ultimately targets productivity of up to 25,000 gallons of ethanol per acre annually.
Pursuant to the terms of the definitive agreements, Wanxiang would provide A123 with up to $75 million in initial debt financing under a Senior Secured Bridge Facility. Further, Wanxiang has demonstrated its commitment to partnering with and investing in U.S. — David Vieau, CEO of A123.
To make it easier for barge operators to sign-on to the concept, a ‘pay-per-use’ financing model has been developed. The emphasis during the initial stage will be on converted and newly-built container carriers. Following this, it will be expanded to include the Amsterdam – Rotterdam – Antwerp corridor, making a connection to Nijmegen.
With our new pricing, customers can reduce the amount of time it takes to see a return on their investment and ultimately make converting to CNG a financially viable option. Because Venchurs is a QVM, the original Ford warranty stays intact and the conversion can be financed through Ford Credit. —Jeff Wyatt, CEO of Venchurs.
From QUANTRON’s point of view, this combination, which has so far been rather rare in Europe, represents the optimal team for converting the energy on board into propulsion as safely and efficiently as possible.
Founded in 2006, Algenol converts CO 2 from industrial emitters into transportation fuels through its Direct-To-Ethanol process. Algal fuels producer Algenol has closed on a $25-million dollar investment from BioFields, a Mexican business group devoted to the development of renewable and clean energy projects.
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