In California, SK Innovation, the energy arm of South Korea’s SK Group has completed a $20 million equity investment in Fulcrum Bioenergy. In addition, Fulcrum and SK Innovation will work together to enter into an exclusive licensing agreement providing the opportunity to explore the possibilities of bringing Fulcrum’s patented and proprietary waste-to-fuel process to South Korea […]
Welcome news from California arrived, Fulcrum BioEnergy has completed commissioning of its waste-to-syngas phase and initial operations have started at its Sierra BioFuels Plant. The Sierra Biorefinery is processing prepared waste feedstock and producing hydrocarbon synthetic gas, or syngas, ready for conventional Fischer-Tropsch fuel production that will take place on site. Combined with Fulcrum’s operations […]
In California, Fulcrum BioEnergy, Inc announced the completion of an interim financing to fund Fulcrum’s second waste-to-fuels project, culminating in the issuance by the Indiana Finance Authority of $375 million of Environmental Improvement Revenue Bonds through Fulcrum’s wholly owned subsidiary Fulcrum Centerpoint, LLC (Centerpoint). Proceeds from the offering will be held in escrow with the […]
In South Korea, SK and an undisclosed Korean private equity partners have invested $50 million in Fulcrum BioEnergy, the waste-to-fuels company now commissioning its first commercial project near Reno, Nevada. SK Inc. aims to make an inroad into the Korean bioenergy market with SK Ecoplant, another SK Group company, as a potential partner. SK Ecoplant […]
In South Korea, SK Inc., the strategic investment arm of South Korea’s SK Group, announced that it was part of a $50 million investment in Fulcrum BioEnergy Inc., a U.S.-based waste-to-fuels company. SK Inc. was joined in the investment with a Korean private equity fund. SK Inc. has been expanding investments in green businesses and […]
In California, Fulcrum BioEnergy, Inc. has completed construction on the world’s first commercial-scale plant converting household garbage into low-cost, zero-carbon transportation fuels. Through Fulcrum’s revolutionary process, the Sierra BioFuels Plant located east of Reno, Nevada, will convert 175,000 tons of prepared municipal solid waste (MSW) into approximately 11 million gallons of zero-carbon syncrude annually, which will […]
In the UK, Essar Oil (UK) Limited (Essar) has joined forces with Fulcrum BioEnergy Limited (Fulcrum) and Essar’s subsidiary company Stanlow Terminals Limited to create a new facility which will convert non-recyclable household waste into sustainable aviation fuel (SAF) for use by airlines operating at UK airports. This innovative bio-refinery will convert several hundred thousand […]
In Japan, Reuters reports Japan Airlines will begin using fuel produced by Fulcrum BioEnergy regularly in flights originating from San Francisco beginning in 2022, perhaps as early as April, four years after it invested $8.6 million in the start-up. The airline has already used Fulcrum’s MSW-based fuel on occasion. The shift to aviation biofuel, like […]
Tackling two birds with one stone is what Fulcrum is doing with its trash to treasure fuel – dealing with waste disposal AND helping airlines reduce carbon emissions. Jim Macias, President and CEO of Fulcrum, shared this illuminating presentation at ABLC Digital covering Fulcrum’s zero carbon, drop-in, price competitive fuel, their strategic partners model, the latest […]
In California, Fulcrum executives assailed a report appearing this week in Spanish media alleging $100 million cost overruns and other difficulties in the Sierra Biofuels project near Reno, Nevada. It’s loaded with inaccuracies, Fulcrum vice president Rick Barraza told The Digest. “The cost overruns are not $100 million,” said Fulcrum VP and CFO Eric Pryor, […]
