In Canada, Tidewater Renewables Ltd. has obtained an interim extension of the maturity of its C$175 million first lien senior credit facility, and its C$25 million of additional debt capacity under the second lien term debt facility, from August 30, 2024 to September 18, 2024. This interim extension is expected to provide the Corporation with […]
In Washington, Clean Fuels Alliance America sent a letter to Treasury Secretary Janet Yellen last week, urging the agency to issue guidance, including safe harbors, to the §45Z Clean Fuels Production Credit by September 1. The new producer credit becomes available on January 1, 2025, as the existing blender credit expires. Clean Fuels’ letter emphasizes […]
In Spain, Iberia Maintenance has begun using 5% sustainable aviation fuel (SAF) in its engine test bench at the La Muñoza facilities, near the Adolfo Suarez Madrid-Barajas airport, in what marks another step towards the decarbonization of the sector. The use of this type of fuel will allow for a reduction of 115 tons of […]
In Washington state, bp America Cherry Point Refinery and Everett hydrogen-electric engine manufacturer ZeroAvia will receive large federal awards as part of over $36 million in grant funding for innovative sustainable aviation projects in the State of Washington provided under a grant program authored by U.S. Senator Maria Cantwell (D-WA), chair of the Senate Commerce, […]
In Romania, International Chemical Investors Group (ICIG) signed an agreement with Clariant to purchase the decommissioned bioethanol plant in Podari, Romania in late July. In the future, the site will be operated by ICIG’s biotechnology subsidiary Corden BioChem. As a biotechnology CDMO, Corden BioChem already operates one of Europe’s largest fermentation plants at the industrial […]
In Oklahoma, researchers in the College of Engineering, Architecture and Technology at Oklahoma State University continue to refine a co-fermentation process resulting in the production of butanol, a biofuel made from renewable resources that can be converted into jet fuel. OSU received a patent in November 2021 for a co-fermentation process, developed by Dr. […]
In Australia, representatives from across Australia’s agriculture and fuel supply chain have urged the Federal Government to immediately initiate a national low-carbon liquid fuel feedstock strategy to give effect to the ambitious agenda outlined in the Federal Government Aviation White Paper released last week. The industry groups include GrainGrowers, the Australian Sugar Milling Council (ASMC) […]
A handful of industrial biotechnology companies have the strength and purpose to make it as a public company — others remain private, are acquired, or wind down. What makes companies able to succeed with public investors? What combination of product mix, experienced management, technologies that excel, capital at work, and effective vision make it possible […]
First things first, this is a story of syngas fermentation, not the definitive story, though it’s pretty definitive on the Jupeng Bio story. For the definitive story of the entire landscape of syngas fermentation, it would have been required to bring back the late Richard Forster of LanzaTech, the late Jim Gaddy of BRI, into […]
In China, Hygreen Energy, a global electrolyzer manufacturer, and Coxabengoa, a vertically integrated global water and energy utility, have signed a strategic agreement to collaborate on hydrogen technology advancement, market expansion for electrolyzer solutions in Europe, and production capacity expansion that will accelerate European hydrogen project development. The agreement will leverage Coxabengoa’s capabilities in production […]
