In California, ReCarbon, the developer of a revolutionary greenhouse gas utilization technology platform, has closed its $25 million Series B-1 funding round. In addition, ReCarbon welcomes two important partners, POSCO, one of the largest steel companies in the world, and GS Holdings Corporation, a Fortune 500 energy and utility company. “Decarbonizing hard-to-abate industry sectors is […]
In Massachusetts, Verdox, an electric carbon capture and removal company, announced $80 million in committed capital from a syndicate including Breakthrough Energy Ventures (BEV), Prelude Ventures, and Lowercarbon Capital. The investment will be leveraged to develop and deploy the company’s novel electrochemical carbon capture technology. Verdox’s core technology was developed by Prof. T. Alan Hatton […]
In Finland, Nordic Bioproducts Group – has successfully spun a new plant-based textile fiber. The company is a spin-off from Aalto University in Finland and the proprietor of the patented AaltoCell technology. The company has created a new plant-based textile fiber- Norratex, which is manufactured without any toxic chemicals or expensive solvents. In the Nordic […]
In Japan, Kaneka Corporation has decided to significantly increase production capacity for KANEKA Biodegradable Polymer Green Planet in Japan. Green Planet (chemical name: PHBH) is a biomass polymer produced by microorganism biosynthesis using plant oils. Green Planet™ biodegrades easily both in soil and in water (salt water and fresh water). As Green Planet™ will be […]
In Delaware, University of Delaware engineers have demonstrated a way to effectively capture 99% of carbon dioxide from air using a novel electrochemical system powered by hydrogen. It is a significant advance for carbon dioxide capture and could bring more environmentally friendly fuel cells closer to market. The research team reported their method in Nature […]
In Washington, Reuters reports Darling Ingredients, Gevo and Marquis Sustainable Aviation Fuel, amongst others, have written a letter to Congressional leaders urging them to use the GREET model use in the Build Back Better Act when it comes to SAF lifecycle emissions. The SAF manufacturers say the bill uses the ICAO model which isn’t as […]
In Texas, Red Rock Biofuels LLC is working with GLC Advisors & Co. to source a development partner to finance the completion of its biofuels facility that will produce sustainable aviation fuel (SAF) and renewable diesel. The facility will be one of the first SAF plants in North America to produce drop-in fuels and is […]
In Canada, Cresta Fund Management, a Dallas, Texas-based private equity fund, acquired a controlling interest in the Come By Chance refinery facility in Newfoundland and Labrador in late-2021 and has been working to build the senior leadership team and convert the facility to renewable diesel and sustainable aviation fuel service with initial nameplate production capacity […]
In Texas, Hyperfuels, has partnered with FuelWise to provide PurFuel, an ethanol-free reformulated gasoline (RFG) to replace E85 at two dispensers. The station’s 6,000-gallon underground tank was cleaned for the new service and is estimated to support over 12,000 gallons per month of ethanol-free in vented equipment used by small-medium sized businesses, the Port of […]
In Colombia, El Nuevo Siglo reports the National Federation of Biofuels of Colombia (Fedebiocombustibles) released the biodiesel consumption figures for 2021, which grew 24% compared to 2020. In addition, it was added that consumption was also 15% higher than in 2018, its best year so far. On that occasion, the demand was 552,000 metric tons. […]
