In Colorado, Gevo, Inc. has acquired Cultivate Agricultural Intelligence, LLC for $6 million in cash, with the opportunity for the sellers to receive additional earn-out payments. Gevo will fold CultivateAI into its wholly owned Verity subsidiary to accelerate Verity’s business development and growth. CultivateAI is a proven business with expected 2024 revenue of $1.7 million […]
In Washington, the U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) announced up to $15 million in federal funding to make clean hydrogen a more available and affordable fuel for electricity generation, industrial decarbonization, and transportation. Specifically, the funding opportunity will support research and development projects that convert feedstocks—such as coal, […]
In New York state, AIR COMPANY has raised $69M in Series B funding to advance its technology, promote energy security, and drive emissions reductions in hard-to-abate sectors, such as aviation. Avfuel, a leading global supplier of aviation fuel and services, led the round and will be the preferred provider of distribution and logistics, plus environmental […]
In Japan, achieving carbon neutrality requires the effective use of renewable biomass. In the production of biodiesel, for instance, glycerol is generated as a major byproduct. Researchers at Osaka Metropolitan University have developed a new catalyst that efficiently converts a derivative of glycerol into bio-based propylene, contributing to sustainable chemical production. The newly developed catalyst […]
In Washington, as the deadline to extend the Higher Blends Infrastructure Incentive Program (HBIIP) rapidly approaches, U.S. Senator Joni Ernst (R-Iowa) is demanding certainty for consumers, biofuel producers, and retail store owners by requesting the U.S. Department of Agriculture (USDA) keep the program operational. She partnered with Senator Amy Klobuchar (D-Minn.) and led three of […]
In Texas, Vertex Energy entered into a Restructuring Support Agreement with overwhelming support of 100% of the company’s term loan lenders. To facilitate the transactions contemplated under the RSA, including exploration of a sale transaction, the Company commenced Chapter 11 cases in the United States Bankruptcy Court for the Southern District of Texas. The Company […]
In Malaysia, MRNA Scientific Sdn. Bhd., a subsidiary of BioNexus Gene Lab Corp., and Protech Builders Sdn. Bhd. signed a strategic teaming agreement to jointly develop and operate biogas plants across Malaysia. This collaboration marks a significant step in both companies’ efforts to contribute to Malaysia’s growing renewable energy sector, particularly in the generation of […]
In Texas, Utility Global, the off-gas-to-value company pioneering its proprietary eXERO gas production technology optimized for hard-to-abate industries, today announced that it has raised $53 million of an ongoing Series C financing led by the OPG Pension Plan and joined by multinational steel company, ArcelorMittal S.A. via its XCarb Innovation Fund, alongside current investors Ara […]
In Oman, Asyad Group, in collaboration with OQ Alternative Energy and Sumitomo Corporation Middle East FZE, announced a joint study agreement to explore the potential of establishing Oman as a global leader in low-carbon fuels for bunkering. This visionary initiative represents a pioneering step in promoting sustainable shipping practices to meet global decarbonization goals in […]
In Brazil, HIF Global announced its first project in Brazil, after signing a land reservation contract with Port of Açu, one of Brazil’s main ports, to develop a facility to produce up to 800,000 tons per year of e-Methanol. Pursuant to the land reservation contract formalized at a ceremony held during the energy fair ROG.e […]
