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Enerkem raises C$59M in latest financing round; Valero Energy joins, Waste Management increases investment

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Waste to biofuels and chemicals company Enerkem announced the closing of C$59 million (US$60 million) in financing. As part of this financing, Valero Energy Corp. joins existing investors Waste Management, Rho Ventures, Braemar Energy Ventures and Cycle Capital, who have each invested in the new equity round.

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Waste Management Makes Strategic Investment in Waste-to-Fuels Company Enerkem

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Waste Management has made a strategic investment in Enerkem, a developer of a thermochemical (gasification and catalytic synthesis) process to produce synthetic fuels and chemicals from biomass and waste, as part of Enerkem’s new financing round. The closing of this new round of financing, which generated C$53.8

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DOE pulls grant funding from BlueFire Renewables cellulosic biofuels plant

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BlueFire also asserted that if it failed in reversing the DOE decision, it would devise a new strategy with respect to financing the Fulton Project. BlueFire was established to deploy the Arkenol Process Technology for the conversion of cellulosic waste materials into renewable fuels and other products. BlueFire Renewables, Inc.,

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ENVIA suspends operations at Oklahoma City GTL plant

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The Board of ENVIA Energy (ENVIA) has decided to suspend operations at the Oklahoma City gas-to-liquids plant ( earlier post ) and to undertake a review of strategic alternatives in order to preserve the value inherent in the facility. The ENVIA plant uses Velocys Fischer-Tropsch technology to produce premium wax, diesel and naphtha.

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SCOPE Biofuels Project Releases Assessment on Environmental Effects of Biofuel Technologies

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In general, biofuels made from organic waste are environmentally more benign than those from energy crops. Using biomass primarily for material purposes, reusing and recycling it, and then recovering its energy content can gain multiple dividends. Lifecycle analysis. The methodology used by Searchinger et al.