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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.
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
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.).
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.).
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.
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.
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.
Over the past few months, we have converted it to DME together with our partner FPT. In cooperation with a major European supplier, a new oil-lubricated common-rail pump had therefore been developed. In addition, the valves and valve seat inserts were converted to materials suitable for DME. —project leader Patrik Soltic.
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.
US-based biotech startup Amfora and CSIRO (Commonwealth Scientific and Industrial Research Organisation, the federal government agency for scientific research in Australia) signed an agreement to advance development and commercialization of technology to produce oil in the leaves and stems of plants as well as the seeds. Source: CSIRO.
The cleaned syngas is conditioned, modified and converted to methanol, which is then converted to gasoline via the licensed ExxonMobil Research and Engineering methanol-to-gasoline (MTG) process. MBFP says it plans to sequester the CO 2 that is captured from the facility by selling the CO 2 for enhanced oil recovery (EOR).
Founded in 2006, Algenol converts CO 2 from industrial emitters into transportation fuels through its Direct-To-Ethanol process. Founded in 2006, Algenol converts CO 2 from industrial emitters into transportation fuels through its Direct-To-Ethanol process.
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.
The company also successfully converted the cellulosic isobutanol into isobutylene and paraffinic kerosene (jet fuel). The process technology for converting isobutanol to hydrocarbons is low-energy input and reduces greenhouse gas emissions by 85.%. Isobutylene oligomerization is practiced in refineries today on a mixed olefin stream.
Established hydroprocessing technologies to produce aviation fuels from natural oils. supply chains for sustainable aviation fuels utilizing oils from oilseed crops such as camelina, as well as algae and biomass. Natural bio-oils have carbon chain lengths that are in the diesel range, 16-18 carbon atoms in the hydrocarbon.
In the Permian Basin, approximately one additional barrel of oil can be recovered for each 6,000 cubic feet (6 Mcf) of compressed CO 2 injected into the oil field. In oil fields such as Whiting’s, the injected CO 2 mixes with the oil that is left behind in the primary oil-well production and the secondary water-injection stage.
the developer of a technology to extract oil from algae, announced that Ennesys, its joint venture partner in France, is working with large institutions to develop two separate large-scale algae projects. The resulting algae will be converted into fuel, electricity and industrial chemicals. OriginOil, Inc.,
ZAP will begin financing discussions with fleet operators pending successful completion of the trial which is likely to run through the winter season. ZAP plans to utilize this financing alliance to pursue other volume fleet opportunities in the Americas and SE Asia.
Other than that commitment, however, Kior said it has no other near-term sources of financing. in two weeks—it will not have adequate liquidity to fund operations and meet obligations (including debt payment obligations), and would not expect other sources of financing to be available. —KiOR 10-K.
The State of Hawaii recently passed legislation to assist in funding a project that converts crops, crop residues, dedicated energy crops, and agricultural waste into biofuels and value-added co-products. no sunlight is needed—to create oil for biofuel and high-protein feed.
million barrels of renewable diesel per year for five years from a converted California refinery starting in 2022. million barrels per day of heating oils, kerosene and diesel oils. ExxonMobil has signed an agreement with Global Clean Energy Holdings to purchase 2.5 As background, globally, in 2019, ExxonMobil sold some 1.9
The underlying technology—developed by Shell Oil over several years—will allow NextFuels and its partners to produce bio-based crude at commercial scale for $75 to $85 a barrel out of wet biomass that has not been mechanically or thermally dried. to 6 metric tons of agricultural waste is generated for each metric ton of oil.
The global push to convert the world to electric vehicles will cause supply chain complexities that could undermine the alternative energy transition in the United States, according to a new report from Rice University’s Baker Institute for Public Policy. The detailed report— Need Nickel? —Baker Institute report Need Nickel?
The refinery, the oldest continuously operating one on the east coast, processes 330,000 barrels of oil per day into various refined products and was scheduled for shut down in August of 2012. Global asset manager The Carlyle Group L.P. and Sunoco, Inc. Earlier post.). This transaction is subject to customary closing conditions.
Conducted by Georgia Tech, the project is financed by a $50,000 Ford College Community Challenge Grant, one of five given annually for a student-led project that matches university resources with an urgent community need related to sustainability. Atlanta Public Schools (APS) donated the bus for the project.
billion from Wanxiang to finance and construct the first phase of a coal-to-natural gas facility that ultimately will have an annual production capacity of one trillion cubic feet (1 Tcf) (30 billion cubic meters) per year. As part of the transaction, GreatPoint Energy has raised equity investment and secured project funding of $1.25
In addition, the grants will support the deployment and creative financing approaches for ground source heat pump demonstration projects across the country. This includes geothermal heat found in the hundreds of thousands of oil and gas wells around the United States, where up to ten barrels of hot water are produced for every barrel of oil.
US Agriculture Secretary Tom Vilsack announced five major agricultural research projects aimed at developing regional, renewable energy markets, generating rural jobs, and decreasing America’s dependence on foreign oil.
Subject to favorable economics, as Mission’s available stock of Jatropha matures to scale Mission will supply Valero with palm oil based biodiesel. The agreement further provides a subsidiary of Valero the right to purchase up to 25% of Mission at A$0.45 million expiring 30 September 2012.
The Aemetis Carbon Zero renewable jet and diesel project is designed to hydrotreat renewable oils with hydrogen from orchard and forest wood waste. Founded in 2006, Aemetis has completed Phase 1 and is expanding a California biogas digester network and pipeline system to convert dairy waste gas into Renewable Natural Gas (RNG).
The complete bioliq process (Biomass to Liquid Karlsruhe) comprises four stages ( earlier post ): Flash pyrolysis at decentralized plants converts dry residual biomass—that arises in a widely distributed manner and possesses a low energy content—into a substance of high energy density similar to crude oil. gallon US).
million) to advance its YXY technology, which converts carbohydrates into furanic building blocks for making renewable materials and fuels. YXY is a patented technology that converts biomass into furanics building blocks such as FDCA (2,5-Furandicarboxylic acid). The process is based on Avantium’s catalytic technology.
The partners expect that the proposed facility would principally convert waste grease—primarily animal fats and used cooking oil supplied by Darling—and potentially other feedstocks that become economically and commercially viable into renewable diesel. Charles refinery near Norco, Louisiana. Earlier post.).
A water-cooled oil cooler integrated with the air compressor helps to provide reliability. Direct current from the battery is converted into three-phase alternating current for the FC air compressor and the electric drive motor. The intake system is designed to mitigate noise, which will be virtually unnoticeable to occupants.
2,3-BD can be readily converted to intermediaries like butenes, butadiene and methyl ethyl ketone that are used in the production of hydrocarbon fuels and a variety of chemicals including polymers, synthetic rubbers, plastics and textiles. LanzaTech has shown 2,3-BD production from waste gas resources in an industrial setting. Earlier post.).
France-based Global Bioenergies announced that its German subsidiary, Global Bioenergies GmbH, secured a €400,000 (US$446,000) grant from the BMBF (the German federal ministry for research and education) to finance a 14-month-project aimed at producing renewable gasoline additives. million tons per year). Earlier post.)
GE Energy Financial Services, a unit of GE, has joined an $8-million funding round for CoolPlanetBioFuels , a start-up company developing a technology that converts low-grade biomass into high-grade fuels, including gasoline, and carbon that can be sequestered. Additional financial details were not disclosed. —Basil R.
Transforming agricultural residues into next-generation ethanol and biochemicals could create up to one million jobs in the EU27 by 2020, while theoretically replacing up to 62% of the EU’s forecast fossil-based gasoline consumption, according to a new study released by Bloomberg New Energy Finance with the support of Novozymes and DSM.
Step 2 uses two Fischer-Tropsch units arranged in series, to convert the syngas to liquid fuel products. Step 1 produces syngas (hydrogen and carbon monoxide) in 2 stages from a combination of natural gas and oxygen.
Using water at near or supercritical temperatures, the Cat-HTR process converts a wide variety of low-cost, waste feedstocks and residues into renewable biocrude oil, which can be refined using conventional refinery infrastructure to second-generation biofuels and valuable renewable chemicals. Earlier post.).
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. Comstock Inc., RTI International and partners at POET Research, Inc. The envisioned system will be developed to support production of at least 0.5
Crude oil tanker company Euronav NV announced a Joint Development Program (JDP) with the largest shipbuilder in the world, Hyundai Heavy Industries (HHI) and classification societies Lloyd’s Register and DNV, to help accelerate the development of dual fuel Ammonia (NH 3 ) fitted VLCC and Suezmax vessels. million (US$66.4 million each).
Transforming agricultural waste into biofuel in India could meet up to 59% of the country’s demand for transport gasoline while creating up to one million jobs, according to a new study by Bloomberg New Energy Finance, commissioned by enzyme company Novozymes. Assuming a barrel of crude oil costs US$100, India will spend US$19.4
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