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INEOS Bio JV Closes $75M in private financing under USDA loan guarantee program for advanced BioEnergy Center in Florida

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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.) The hot synthesis gas is quenched and cleaned.

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Algenol closes on additional $25M internal equity financing

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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. Founded in 2006, Algenol converts CO 2 from industrial emitters into transportation fuels through its Direct-To-Ethanol process.

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DOE to award $118M to 17 projects to accelerate domestic biofuel production

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Made from widely available domestic feedstocks and advanced refining technologies, energy-dense biofuels provide a pathway for low-carbon fuels that can lower greenhouse gas emissions throughout the transportation sector and accelerate the bioeconomy. Currently, SAF is typically blended with fossil fuels.

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USDA to award $11M loan guarantee to Oregon biorefinery

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with an $11-million loan guarantee through the Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program. The Novus plant will process agricultural waste into fuel, natural gas, organic fertilizer and other bio-based products. USDA hopes to finalize loan terms with Novus and Old West by summer.

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USDA to provide $105M loan guarantee to Fulcrum Sierra Biofuels; municipal solid waste to ethanol

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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. With the loan guarantee finalized, the company will secure bank financing, which when combined with private equity capital provided.

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DOE to award $11M to 20 new Clean Cities projects for alt fuel cars and trucks

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The US Department of Energy (DOE) is [link] about $11 million to 20 new projects to help states and local governments to develop the infrastructure, training, and regional planning needed to help meet the demand for alternative fuel cars and trucks, including vehicles that run on natural gas, electricity, and propane. Bay Area Air Quality.

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USDA provides $91M loan guarantee to Cool Planet for biogasoline blendstock plant; biomass pyrolysis and catalytic conversion

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Gas chromatography comparison of Conoco fuel and a Conoco-CoolPlanet blend. Cool Planet has devised a biomass-to-liquids thermochemical conversion process that simultaneously produces liquid fuels and sequesterable biochar useful as a soil amendment. Cool Planet’s biogasoline blendstock is 100% compatible with pump gasoline.