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Renewable fuels and biochar company Cool Planet closes on $100M Series D financing

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Cool Planet Energy Systems, a renewable fuels and biochar company ( earlier post ), closed on its targeted $100 million Series D financing. By creating renewable fuel and sequestering the biochar in the ground as soil enhancer, the process permanently removes atmospheric CO 2 for hundreds of years. Click to enlarge.

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UPS announces renewable diesel agreements with Neste, REG and Solazyme; up to 46M gallons over next 3 years

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UPS announced agreements for up to 46 million gallons of renewable diesel over the next three years, constituting a 15-fold increase over prior contracts and making UPS one of the largest users of renewable diesel in the world. Neste, headquartered in Espoo, Finland, is the world’s largest producer of renewable diesel.

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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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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. Earlier post.). The main catalysts are proprietary modified ZSM-5 catalysts.

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LA-based SMLC to lead new DOE Smart Manufacturing Innovation Institute; ~$800M for 5 new hub competitions

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quadrillion BTU of energy annually, equivalent to 280 million barrels of oil, or a month’s worth of that nation’s oil imports. Lawrence Livermore National Laboratory; Louisiana State U.; MontanaTech; National Energy Technology National Laboratory; National Renewable Energy Laboratory; North Carolina State U.; Missouri U.