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Brightmark Energy , a San Francisco-based waste and energy development company, closed a $260-million financing package for the construction of the US’ first commercial-scale plastics-to-fuel plant, which will be located in Ashley, Indiana.
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.
Waste Management and EB Investments are investing C$15 million (US$14.6 Total financing raised by Enerkem in 2011, both at the corporate and project subsidiary levels, now amounts to C$103 million. The Enerkem Alberta Biofuels facility will use the City of Edmonton’s landfill-bound waste to create renewable fuels and chemicals locally.
Canada-based waste-to-biofuels company Enerkem Inc. million) financing, which brings total equity investment raised by Enerkem in 2013 to C$87 million (US$82.7 With its proprietary technology, Enerkem converts non-recyclable municipal solid waste into methanol, ethanol and other widely used chemical intermediates. gasification.
Energy company SGH2 is bringing the world’s biggest green hydrogen production facility to Lancaster, California. In the gasification island’s catalyst-bed chamber, plasma torches generate such high temperatures (3500 ºC - 4000 ºC), that the waste feedstock disintegrates into its molecular compounds, without combustion ash or toxic fly ash.
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.
a leading waste-to-biofuels and chemicals producer, has completed a C$280-million (US$223 million) investment round—its largest to date. In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. Canada-based Enerkem Inc., Earlier post.).
Air Products has secured planning permission from Stockton on Tees Borough Council (UK) for its Tees Valley Renewable Energy Facility. The facility is the first of a number of advanced gasification energy-from-waste plants that Air Products will be looking to develop in the UK over the next few years.
Agilyx Corporation has secured a new round of Series C funding worth $25 million, led by new investor Keating Capital and joined by existing investors Kleiner Perkins Caulfield & Byers, Saffron Hill Ventures, Waste Management, Total Energy Ventures International, an affiliate of Total S.A., Earlier post.). 10 pounds of plastic.
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. by Fulcrum, will fully fund construction of the municipal solid waste to renewable transportation fuel facility.
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
A newly released GE study — Flare Gas Reduction: Recent Global Trends and Policy Considerations —estimates that 5% of the world’s natural gas production is wasted by burning or “flaring” unused gas each year, despite some progress on the flaring issue. Click to enlarge.
to Fulcrum Sierra Biofuels, LLC to build a biorefinery to produce jet fuel from municipal solid waste (MSW) via a proprietary two-stage thermochemical process. USDA awarded the first loan guarantee in 2009 to Sapphire Energy in New Mexico. Earlier post.). The plant is expected to produce 11 million gallons of fuel annually.
The US Department of Energy (DOE) issued a draft loan guarantee solicitation for renewable energy and energy efficiency projects located in the US that avoid, reduce, or sequester greenhouse gases. Waste-to-Energy. Drop-in Biofuels. Advanced Grid Integration and Storage.
the developer of a charger with an integral continuously variable transmission (CVT) ( earlier post ), has raised $8 million in Series C equity financing round. Proceeds from the financing will help drive the company’s growth initiatives and speed up the commercialization of the SuperTurbo technology. VanDyne SuperTurbo Inc.,
The California Sustainable Energy Entrepreneur Development (CalSEED) program announced that the fourth cohort of innovative clean energy concepts has been approved by the California Energy Commission (CEC); 28 companies out of 212 were selected to receive grants of $150,000 each.
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. Darling International 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 developer of technology for the production of advanced biofuels and biochemicals from biomass and waste materials, announced a first close of its Series D round of financing. Coskata Inc.,
Cool Planet Energy Systems, a renewable fuels and biochar company ( earlier post ), closed on its targeted $100 million Series D financing. Cool Planet’s sources of biomass include corn stover, wood chips, and fast growing, non-food energy crops such as miscanthus.
an early stage provider of cellulosic biomass feedstock derived from municipal solid waste (MSW) for energy and bio-based chemical production, will install its demonstration vessel at Fiberight LLC’s cellulosic ethanol pilot plant in Lawrenceville, Va. CleanTech Biofuels, Inc.,
Biofuels company NextFuels introduced its hydrothermal process for economically producing transportation and industrial fuels from wet, unprocessed agricultural waste. to 6 metric tons of agricultural waste is generated for each metric ton of oil. 65 to 70% of the energy put into the system becomes useable energy.
LanzaTech has shown 2,3-BD production from waste gas resources in an industrial setting. However, LanzaTech’s process uses nonfood, low-value gas feed stocks, including industrial waste gases such as those produced by steel mills, oil refineries, coal manufacturing, syngas from landfill-waste and reformed natural gas.
Blue Marble Energy Corp.(BME), BME), a company using unique bacterial consortia to produce specialty biochemicals from the anaerobic fermentation of a range of biomass feedstocks, and Bionavitas, an algae producer, formed a partnership in which Blue Marble Energy will produce high-margin biochemicals from microalgae supplied by Bionavitas.
Green Car Congress attended the Renewable EnergyFinance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Energy Markets in a State of Change. M barrels/day of oil within the next 10 years ”. Billion vs. $28.3
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. Department of Energy (DOE) and a $2.5 Earlier post.)
Clean Energy Ventures , a $110-million venture capital firm investing in early-stage climate tech startups, is leading the investments in two battery startups: one in the upstream ( N th Cycle ) and one in the downstream ( Volexion ). Volexion’s funding is co-led by Energy Foundry. N th Cycle. million first tranche of its $2.2-million
Alphabet Energy, a startup commercializing low-cost, efficient thermoelectric materials for power generation leveraging technology initially developed at the Lawrence Berkeley National Laboratory ( earlier post , earlier post ), has closed a $23.5-million million Series C round of financing.
The Alliance Commission on National Energy Efficiency Policy released a set of recommendations— Energy 2030 —designed to double US energy productivity by 2030. The Commission was created in 2012 to identify solutions for increasing US energy productivity and aid in jumpstarting the economy.
Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.
Global clean energy investment was $67.8 billion in the third quarter of 2018, down 6% from the same period last year, according to the latest Clean Energy Investment Trends report from research company Bloomberg NEF (BNEF). Public markets investment in clean energy jumped 120% to $3.1 billion, up 9% on a year earlier.
Thermoelectric material developer GMZ Energy ( earlier post ) has secured $14 million in Series C financing. The new investment was led by Mitsui Ventures and includes I2BF Global Ventures, Energy Technology Ventures (a joint venture of GE, NRG Energy and ConocoPhillips), Kleiner Perkins Caufield & Byers and BP Alternative Energy.
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.,
MEK, Butadiene) from industrial waste gases, has signed a memorandum of understanding with one of the largest coal producers in China, Henan Coal and Chemical Industrial Corporation, to build a demonstration plant to produce ethanol and chemicals via LanzaTech’s fermentation process using syngas resulting from the gasification of coal. .:
said that its first full-scale commercial waste-to-fuels facility, located in Edmonton, Alberta, has met all operational milestones set by its senior lender Integrated Asset Management (IAM). In less than five minutes, Enerkem’s technology turns household waste into 99.9% Enerkem Inc. pure liquid chemicals and biofuels.
In his State of the Union speech Tuesday night, President Obama proposed “ we use some of our oil and gas revenues to fund an Energy Security Trust that will drive new research and technology to shift our cars and trucks off oil for good. This fund will help low-income Americans pay the higher energy costs that will come from decontrol.
Major investments will be needed worldwide in the developing and scaling up of clean energy technologies; sustainable farming and forestry techniques; climate-proofing of infrastructure; and in technologies reducing non-biological degradable waste production, according to the report. Supporting a broad energy technology development.
Neste, the leading producer of renewable diesel, UK-based chemical recycling company ReNew ELP, and Australian technology developer Licella are collaborating in a development project to explore the potential of using mixed waste plastic as a raw material for fuels, chemicals, and new plastics. Earlier post.). Earlier post.).
Waste-to-biogas company Anaergia Inc. will supply European Energy A/S with up to 60,000 tonnes per year of liquefied biogenic CO 2 for a period of 10 years. Biogenic carbon dioxide is carbon dioxide that is released during the decomposition of organic matter such as food waste.
A new, broad measure of “energy transition investment”, compiled by BloombergNEF (BNEF), shows that the world committed a record $501.3 billion in new renewable energy capacity in 2020, up 2% on the year, helped by the biggest-ever build-out of solar projects and a $50-billion surge for offshore wind. Renewable energy investment.
meet the requirements of urban transport, delivery, distribution and waste collection. Renault Trucks will also capitalize on the partnerships developed by Volvo Energy, the Volvo Group’s new entity dedicated to the supply, second life and recycling of batteries, as well as to charging solutions. to 26 tonnes. D Wide Z.E.
Enerkem GreenField Alberta Biofuels (EGAB) has successfully completed the necessary environmental regulatory process and has been granted a permit to commence construction of a commercial facility to produce biofuels and green chemicals from sorted municipal solid waste in Edmonton, Alberta. Earlier post.)
In a three-year Business Finland BioFlex project, VTT—the Finnish state-owned research agency—and partners are exploring how suitable fuel oils made from biomass and waste plastics are for power plants and ship diesel engines. In theory, bio- or waste-based fuel oil could be identical to fossil fuel oil in chemical composition.
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