In New York, jetBlue announced a 10-year, 330 million gallon renewable jet fuel purchase agreement with SG Preston. This marks one of the largest renewable jet fuel purchase agreements in aviation history, and the largest, long-term, binding commitment by any airline globally for HEFA (hydro-processed esters and fatty acids) renewable jet fuel. The first deliveries […]
Our story so far In 2011, KiOR raised $150 million in its June IPO, claiming that it was generating yields of 67 gallons per ton in its Demo unit operations. But it was miles short of that. In our previous installments, we have charted how KiOR moved from a promising early-stage technology to a public […]
There’s good news on the LanzaJet front. For the first time ever, LanzaTech has produced 1,500 gallons of jet fuel, derived from waste industrial gases from steel mills, via a fermentation process. The fuel has passed all its initial performance tests with flying colors. The jet fuel is the result of a partnership between Virgin […]
In Pennsylvania, Bill Gates is leading the latest investment round into the pioneering cellulosic sugars producer Renmatix as energy giant Total joins in with second investment and a 1 million ton per year license. Gates is the chairman of the Breakthrough Energy Coalition— along with Zuckerberg, Branson, Bezos, Steyer, Khosla, Doerr, and 20 others who […]
Edeniq is torn between two lovers: its current ownership group, which shuffled together a financing this week; and Aemetis, which is supposed to be acquiring Edeniq this year for $23 million. How Edeniq landed in this situation, we’ll endeavor to explain. And we’ll revisit our long-held belief that Edeniq’s tech is, in fact, a Billion […]
Yes, it’s time for voting in the Hot 50. Who will be #1? In Florida, The Digest announced the official opening of voting for the 50 Hottest Companies in the Advanced Bioeconomy. Voting Rules Voting will be open to all registered subscribers of The Digest and invited selectors; this year, votes may also be cast […]
If you’ve been trapped in a sensory deprivation chamber the past few months, or simply tune out anything to do with the European Commission, you’ve probably not noticed that the EU has put itself on a fast-track to limit, if not abandon, first-generation biofuels and focus almost exclusively for its carbon future on advanced biofuels. […]
In Virginia, bioenergy industry legend and retired Marine Lt. Col. William C. Holmberg has died of complications from cancer. He was 88. He was the first recipient of the Digest’s Holmberg Award for Lifetime Achievement in 2014, which was subsequently named in his honor and is presented annually at the Advanced Bioeconomy Leadership Conference. Holmberg was […]
In Colorado, Gevo has entered into a heads of agreement with Lufthansa to supply Gevo’s alcohol-to-jet fuel from its first commercial hydrocarbon facility, intended to be built in Luverne, MN. The terms of the agreement contemplate Lufthansa purchasing up to 8 million gallons per year of ATJ from Gevo, or up to 40 million gallons […]
In Washington, the Biotechnology Innovation Organization released a landmark report “Advancing the Biobased Economy: Renewable Chemical Biorefinery Commercialization, Progress, and Market Opportunities, 2016 and Beyond,” documenting substantial, ongoing growth in the renewable chemical industry and outlining federal and state policies that support the industry. Explosive growth in renewable chemicals BIO reports that “McKinsey & Co. […]
