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Valero providing construction financing for Valero-Diamond renewable diesel JV

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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.

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Siluria Technologies raises $30M in Series C to commercialize its OCM process for converting natural gas into commodity chemicals and transportation fuels

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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

Convert 225
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Waste-plastic-to-crude company Agilyx obtains $25M Series C financing

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Agilyx economically converts difficult to recycle waste plastic into synthetic crude oil. Agilyx says it is also the only company with a known refinery off-take agreement in place and crude oil shipments underway. Chrysalix Energy Venture Capital and Reference Capital. Earlier post.).

Waste 210
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SITA UK and Cynar to build UKs first commercial plants to convert waste plastic to diesel

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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. Pyrolysis is a process of thermal degradation in the absence of oxygen.).

Waste 231
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Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

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In a pre-response to that speech, having successfully advocated for plug-in hybrids like the forthcoming Chevy Volt, we propose that the President follow that speech up with a “realistic and conservative” roadmap to halve our oil use in 10 years. Oil is holding us all hostage, economically and physically. Finally, it’s time to begin.

Oil 252
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Renewable fuels and biochar company Cool Planet closes on $100M Series D financing

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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.

Financing 225
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Mascoma Announces Feedstock Processing and Lignin Supply Agreement with Chevron Technology Ventures; Chevron Working on Converting Lignin to Hydrocarbon Fuel Components

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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.)

Chevron 249