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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.
Cool Planet Energy Systems, a renewable fuels and biochar company ( earlier post ), closed on its targeted $100 million Series D financing. The company broke ground on its first biofuel production facility in Alexandria, Louisiana, on 26 February 2014.
The number of states with geothermal projects under development also increased, from 12 to 14 over the past six months, with the addition of two oil-field co-production projects in Louisiana and Mississippi. Financing is expensive and scarce, and available lenders are requiring much more work be done before they will finance projects.
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. A team of researchers led by Louisiana State University received $17.2
Completion of the transaction with Tyson Foods, which is contingent upon the closing of REG’s December 2013 announced agreement to acquire substantially all of the assets of Syntroleum Corporation, would give REG full ownership of Dynamic Fuels and its 75-million gallon per year nameplate capacity renewable diesel biorefinery in Geismar, Louisiana.
BP has agreed to acquire a portfolio of world-class unconventional oil and gas assets from BHP. The acquisition will bring BP extensive oil and gas production and resources in the liquids-rich regions of the Permian and Eagle Ford basins in Texas and in the Haynesville gas basin in Texas and Louisiana. On completion, $5.25
Charles refinery near Norco, Louisiana. 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. Earlier post.).
has initiated a comprehensive feasibility study of a possible long-term CO 2 pipeline project which would connect proposed gasification plants in the Midwest to Denbury’s existing CO 2 pipeline infrastructure in Mississippi or Louisiana. Denbury Resources Inc. billion, based on the cost of other pipelines recently built or under construction.
USDA has reached an agreement with Silicon Valley Bank to provide a $91-million Biorefinery Assistance Program loan guarantee to Cool Planet to help the company finish construction on an advanced biofuel plant at the Port of Alexandria in Louisiana. An additional project financed from these funds will be announced later this month.
Renewable Energy Group will acquire approximately 82 acres of land at its Geismar, Louisiana biorefinery from Lion Copolymer. This includes an analysis of economic viability, logistics, feedstock availability, market demand, financing options and state and local support. — Brad Albin, REG Vice President, Manufacturing.
Moreover, developers must show that the project would make no economic sense without CDM funds and that documentation exists to demonstrate that these factors were considered by the company’s board of directors in their decision to pursue CDM financing. 100% for some agricultural processes.
Environmentalists and industries resurrected the idea in recent years as a centerpiece of measures to address global warming and growing oil imports. Auction revenues may be used for the public good by allocating the allowance value to: households as dividends; financing investments and other public expenditures; and.
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