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has closed a $68,155,000 “Green Bond” private activity bonds offering to finance the construction of its renewable natural gas (RNG) project in Northwest Iowa. The feedstock for the RNG Project will be supplied by three dairy farms located in Northwest Iowa totaling more than 20,000 milking cows. Gevo received approximately $9.3
Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. Project VGV uses surplus electricity generated by renewable and nuclear sources to produce hydrogen via electrolysis.
Global investment in renewable energy totaled $226 billion in the first half of 2022, setting a new record for the first six months of a year, according to Renewable Energy Investment Tracker 2H 2022, a new report published by research firm BloombergNEF (BNEF). Wind project financing was up 16% from 1H 2021, at $84 billion.
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.
Cellulosic biofuels company BlueFire Renewables, Inc. Coupled with our recently-announced off-take agreement with Tenaska BioFuels, LLC, the key input and output contracts required for financing are now resolved. —Arnold Klann, CEO of BlueFire Renewables, Inc.
Gevo has entered into a long-term agreement to supply its renewable alcohol-to-jet fuel (ATJ) to Avfuel Corporation, effective 1 July 2018. The agreement with Avfuel is Gevo’s first long-term commercial supply agreement for its ATJ. The supply agreement contemplates two phases.
The loan guarantee will help finance construction of the largest clean hydrogen storage facility in the world, capable of providing long-term low-cost, seasonal energy storage, furthering grid stability. ACES Delta is a joint venture between Mitsubishi Power Americas and Magnum Development.
announced that its subsidiary SoCal Biomethane will supplyrenewable natural gas (RNG) as facilitated by renewable fuels marketer Anew Climate to FuelCell Energy’s Tri-gen system to produce carbon-negative hydrogen and electricity for Toyota Motor North America, Inc.’s Anaergia Inc. The fuel cells will also produce a net 2.3
FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. The company’s project finance subsidiaries may draw on the facility to finance the construction of projects through the commercial operating date (COD) of the power plants.
Kolmar is a wholly owned subsidiary of Kolmar Group AG that is a privately held service provider, manufacturer, and marketer of renewable fuels headquartered in Zug, Switzerland. billion, inclusive of renewable fuels and related products for the food chain.
GW by 2025 and to increase capacity further by 2030 in line with projected demand for renewable hydrogen. This will enable the annual EU production of 10 million tons of renewable hydrogen by 2030, set as target in the March 2022 REPowerEU Communication.
Ranges of global technical potentials of renewable energy sources derived from studies analyzed in SRREN report. The authors reviewed more than 160 existing scientific scenarios on the possible penetration of renewables by 2050, alongside environmental and social implications; and then reviewed with four of these in-depth.
MagREEsource, a 2020 spin-off of the CNRS-Institut Néel that is commercializing processes for recycling rare-earth magnets and then remanufacturing new magnets from the recycled powders, has secured €5 million in financing and has opened its first pilot facility in Grenoble, with a capacity of 50 tons by 2023.
has selected Axens Vegan Renewable Hydroprocessing technology for its “Carbon Zero 1” production plant in Riverbank, California. Axens Vegan technology is designed to hydrotreat a wide range of lipids and to produce a flexible slate of low-density and high cetane renewable diesel as well as renewable jet fuel. Aemetis, Inc.
BlueFire Renewables, Inc. Also, it will move BlueFire closer to a debt financing agreement with the Department of Energy and US Department of Agriculture. Also, it will move BlueFire closer to a debt financing agreement with the Department of Energy and US Department of Agriculture. industry.". Earlier post.).
Therefore, we are already starting the international ramp-up of the hydrogen economy and building long-term value creation and supply chains through the H2Global instrument. In the future, we will have a high demand for green hydrogen and will also need imports in addition to production in Germany.
has entered into a definitive supply agreement with HCS Holding GmbH (HCS) to supplyrenewable isooctane ( earlier post ) under a five-year offtake agreement. The Supply Agreement has two phases: In the first phase, HCS will purchase isooctane produced at Gevo’s demonstration hydrocarbon plant located in Silsbee, Texas.
The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC). As an early priority, CEFC will seek investment in projects included in the ARENA Renewable Hydrogen Deployment Funding Round. The CEFC Advancing Hydrogen Fund will draw on existing CEFC finance.
From 2024 this will be used to supply the bp refinery in Gelsenkirchen. With the integration of a cavern storage facility by RWE in Gronau-Epe, the system, which is based on electricity generation from wind energy, can also make a contribution to supply security. The IPCEI program can finance the network construction in part.
Rare earth products are widely used in the generation of renewable energy and in zero-low emissions transport, via the use of rare earth permanent magnets in wind turbines and in the drivetrains of hybrid and electric vehicles.
With this level of cell energy efficiency—well above International Renewable Energy Agency’s (IRENA) 2050 target and significantly better than existing electrolyzer technologies—hydrogen production cost could be well below US$1.50/kg. Hodges et al. kWh/kg, compared to 75 percent or less for existing electrolyser technologies.
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. This can be blended into the gasoline pool for the renewable fuels market.
the parent company of Fulcrum Sierra BioFuels, LLC, and has negotiated a long-term supply agreement with Fulcrum for 375 million gallons of sustainable aviation fuel over 10 years. The 2014 Bill expands the program to include bio-based renewable chemicals and bio-based product manufacturing. Earlier post.).
have executed a Memorandum of Understanding (MOU) regarding the development of a commercial scale biorefinery facility for the production of renewable jet or diesel fuel. The renewable energy facility will be co-located with Hughes Hardwood’s wood component products manufacturing facility in Collinwood, Tennessee. Earlier post.).
A renewable energy share of around 30% by 2030 would be “appropriate” for the UK, with scope for a higher share (e.g. Our overall conclusion in this review is that there is scope for significant penetration of renewable energy to 2030 (e.g. —Renewable Energy Review. Renewable transport.
(CPV); GE Energy Financial Services; and Diamond Generating Corporation (DGC), a wholly-owned subsidiary of Mitsubishi Corporation, co-owners of the planned $900-million CPV Sentinel power plant, have closed the largest project financing in the US thermal power industry this year for the facility to be built in Riverside County, Calif.
The US Department of Energy (DOE) has released a new Request for Information (RFI) on the scale-up and demonstration of renewable fuels. BETO recognizes the availability of financing for first-of-a-kind process systems can be a barrier to commercializing advanced biofuels.
Global benchmarks conceal a range of country-level estimates that vary according to market maturity, resource availability, project characteristics, local financing conditions and labor costs. While demand for low-carbon technologies in the energy sector bounced back strongly in the second half of 2021, supply has struggled to keep up.
At that time, Mascoma, Valero, and Mascoma’s operating subsidiary, Frontier Renewable Resources LLC, jointly owned with natural resource management company, J.M. 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.
has awarded an engineering services contract to Worley for the Aemetis “Carbon Zero” renewable jet and diesel plant in Riverbank, California. The Aemetis Carbon Zero renewable jet and diesel project is designed to hydrotreat renewable oils with hydrogen from orchard and forest wood waste. Aemetis, Inc.
Darling International and a subsidiary of Valero Energy Corporation are taking initial steps towards the formation of a joint venture to build a facility capable of producing more than 10,000 barrels/day or (135 million gallons per year) of renewable diesel on a site adjacent to Valero’s St. Valero Renewables. Earlier post.)
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.,
These will be charged using energy from renewable sources. Initially batteries will be employed but should, for example, hydrogen become a viable alternative at some point, containers equipped with hydrogen technology could supply power in the same way.
Aemetis awarded an engineering services contract to Worley for the Aemetis ‘Carbon Zero’ renewable jet and diesel plant in Riverbank, California. The Aemetis Carbon Zero renewable jet and diesel project is designed to hydrotreat renewable oils with hydrogen from orchard and forest wood waste. Earlier post.)
a subsidiary of the Swiss-based energy group, The Addax and Oryx Group Limited (AOG), recently signed a loan agreement with seven European and African development institutions for an integrated renewable energy and agriculture project near Makeni, in Sierra Leone. Addax Bioenergy S.A. ,
Starting in 2013, Audi will begin series production of TCNG models whose engines—derived from TFSI units—will be powered by e-gas: synthetic methane produced via the methanation of hydrogen produced by electrolysis using renewable electricity. MW each, these four turbines are to supply some 53 GWh of electricity annually.
itself will focus on renewables, distribution networks, and customer solutions. SE will have three core businesses: renewables, distribution networks, and customer solutions. Alongside it we’re going to create a solid, independent company that will safeguard security of supply for the transformation. SE shareholders. In 2015, E.ON
According to BNEF, developed countries and multilateral institutions should include electric vehicle investments, incentives and charging infrastructure deployments in their international climate finance plans, making capital available to emerging economies that have credible plans to develop this sector.
Algae-based renewable oil company Solazyme, Inc. The facility will utilize Solazyme’s renewable tailored oil production technology, coupled with Bunge’s sugarcane supply and processing capabilities, to produce sustainable tailored triglyceride oils for use in oleochemical and fuel applications in the Brazilian domestic market.
In the initial phase of the project, ITM Power will undertake a techno-economic feasibility study for the large-scale centralized production of renewable hydrogen in the province of British Columbia (BC). Once fully financed, the contract value of the pilot plant will be added to ITM Power’s opportunity pipeline.
—“State of Finance for Nature”. trillion finance gap between now and 2050, by “building back more sustainably”, by repurposing agricultural and fossil fuel subsidies and by creating economic and regulatory incentives. The report calls for coupling investments in restoration action with financing conservation measures.
T&E used publicly available information to assess the 50 gigafactories announced in Europe based on their finance and permits, whether they had secured a location, and the companies’ links to the US. A central fund accessible to all member states should prioritise battery value chains, renewables and smart grids.
All locations that H2 Green Steel and Iberdrola are evaluating will have access to renewable energy, as well as all the infrastructure necessary to operate a successful hydrogen, green steel business. The project will be financed through a combination of public funds, green project financing instruments and own funds.
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