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Scale-up, you Wascally Wabbits: BETO announces $Multi-Million support for bioeconomy project scale-up

Scale-up, you Wascally Wabbits: BETO announces $Multi-Million support for bioeconomy project scale-up

September 13, 2024 | Jim Lane

In Washington, the U.S. Department of Energy (DOE) Bioenergy Technologies Office (BETO) announced $12 million in funding to support the advancement of integrated biorefinery technologies to decarbonize the transportation and industrial sector. This funding opportunity announcement (FOA), FY24 Scale-Up of Integrated Biorefineries, will help reduce technology uncertainty and demonstrate bioenergy technologies that produce low carbon […]

Ohmium and Ten08 launch 500MW clean ammonia project in Texas

Ohmium and Ten08 launch 500MW clean ammonia project in Texas

September 12, 2024 | Jim Kendrick

In California, Ohmium announced with Houston based Ten08 Energy the launch of a 500MW clean ammonia project in Texas to produce 1.4 million metric tons of ammonia annually. The project will use green hydrogen from Ohmium’s Proton Exchange Membrane electrolyzers and blue ammonia from Ten08’s carbon-captured natural gas operations. Initially starting with 200MW of capacity, […]

Thermax and Ceres partner on green hydrogen electrolysis in India

Thermax and Ceres partner on green hydrogen electrolysis in India

September 12, 2024 | Jim Kendrick

In the UK, Ceres announced that India’s Thermax, a major energy and environmental solutions provider, has partnered with UK-based Ceres Power to manufacture and commercialise solid oxide electrolysis technology in India. This collaboration aims to accelerate green hydrogen production using highly efficient, large-scale electrolysis systems. The partnership grants Thermax a global license to produce, sell, […]

Gevo paves new path with Red Trail acquisition

Gevo paves new path with Red Trail acquisition

September 12, 2024 | Jim Kendrick

In Colorado, Gevo, a leader in net-zero fuels, is set to acquire Red Trail Energy’s ethanol and carbon capture facilities in North Dakota for $210 million. The deal boosts Gevo’s push for sustainable aviation fuel and low-carbon products, adding a key carbon sequestration site with a million-ton capacity. The acquisition of the 65-million-gallon ethanol plant […]

Plug charges ahead with Portugal’s green methanol project

Plug charges ahead with Portugal’s green methanol project

September 12, 2024 | Jim Kendrick

In New York, Plug Power has signed a contract to provide 25 MW of PEM electrolyzers for the H2DRIVEN project in Portugal, set to produce 80,000 tons of green methanol annually. The collaboration with Dourogás and CapWatt focuses on using biomass gasification and solar-powered electrolysis to generate methanol, targeting reduced carbon emissions in heavy industry. […]

KBR and Samsung embark on study of blue ammonia production at sea

KBR and Samsung embark on study of blue ammonia production at sea

September 12, 2024 | Jim Kendrick

In Texas, KBR has been awarded a contract by Samsung Heavy Industries to conduct a conceptual study on a floating blue ammonia production facility. SHI, one of South Korea’s largest shipbuilders, is diversifying into ocean energy, and the study will focus on integrating KBR’s ammonia technology with SHI’s floating vessel designs. The project leverages KBR’s […]

ZeroAvia lands $150M series C to power hydrogen aviation future

ZeroAvia lands $150M series C to power hydrogen aviation future

September 12, 2024 | Jim Kendrick

In the UK, ZeroAvia, a developer of hydrogen-electric propulsion systems for aircraft, has closed an extended Series C financing round, raising $150 million. This round saw the Scottish National Investment Bank contribute £20 million, joining investors such as American Airlines, IAG, and ITOCHU Corporation. The funding will accelerate certification efforts for ZeroAvia’s first hydrogen-electric powertrain […]

U.S. announces $12M funding to advance sustainable aviation fuel

U.S. announces $12M funding to advance sustainable aviation fuel

September 12, 2024 | Jim Kendrick

In Washington D.C., the U.S. Department of Energy in collaboration with the Department of Agriculture and the Federal Aviation Administration, has announced $12 million in new funding to advance biorefinery technologies and released a progress report on sustainable aviation fuel production. The report, unveiled on September 11, 2024, at the North American SAF Conference, highlights […]

BPCL teams up for green hydrogen and biogas push in India

BPCL teams up for green hydrogen and biogas push in India

September 12, 2024 | Jim Kendrick

In India, Mint reports state-owned oil and gas company BPCL has entered joint ventures with Sembcorp Green Hydrogen India and GPS Renewables to develop renewable energy and biogas projects across India, as part of its strategy to achieve net-zero emissions and diversify its energy portfolio. BPCL will hold a 50% stake in both ventures. The […]

The Digest’s 2024 Multi-Slide Guide to Novonesis, the investment perspective

The Digest’s 2024 Multi-Slide Guide to Novonesis, the investment perspective

September 12, 2024 | Jim Lane

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 […]

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