In Minnesota, after 24 years of operations, Al-Corn Clean Fuel produced its one-billionth gallon of ethanol, marking the latest milestone in Al-Corn’s history and a demonstrative achievement of the ingenuity and resilience of their team, their facility and their positive impact on the ethanol industry as a whole. In 1994, a group of farmers in […]
In California, Amyris, Inc., executed a binding funding agreement with leading institutional investors to raise $200 million at $3.00 per common share through a private investment in public equity in the Company and expects to use the proceeds from the offering for general corporate purposes and to repay certain outstanding indebtedness by approximately $61 million […]
In North Dakota, the North Dakota Industrial Commission has awarded $500,000 in Renewable Energy Program matching funds to the Energy & Environmental Research Center, for work toward the development of the first integrated North Dakota ethanol and carbon capture and storage (CCS) facility. The proposed research will use the Red Trail Energy ethanol facility near […]
In Canada, Xebec Adsorption Inc. and Fonds de solidarité FTQ have created the GNR Québec Capital L.P. investment fund. With an initial capitalization of C$20 million, this new investment vehicle aims to increase renewable natural gas (RNG) production in Québec. Partners, particularly from the agricultural and municipal sectors, will have access to the capital and expertise needed to […]
In Jamaica, the Jamaica Urban Transit Company (JUTC) intends to introduce a biodiesel project and electric buses this year as it continues to put measures in place to modernize its operations, reduce costs and improve efficiencies. “These, coupled with our natural gas project, will diversify our energy sources and is intended to cut the cost […]
In Pennsylvania, the Philadelphia Inquirer newspaper reports that US Bankruptcy Court has greenlighted Philadelphia Energy Solution’s deal with the Environmental Protection Agency to only pay a fraction of its required RIN buy. The agreement stipulates the company only buy $10 million worth of RINs rather than the $35 million required under the Renewable Fuel Standard. […]
In France, the CEO of CMA CGM told a UN Global Compact conference that it would use 10% alternative fuels by 2023 as part of its wider commitment to be completely carbon neutral by 2050. The company has been undertaking tests this year in partnership with Shell from whom it recently bought 10,000 metric tons […]
In the Netherlands, the Dutch statistics service CBS says that in 2019, renewable energy consumption in the Netherlands grew by 16 percent to 181 petajoules (PJ) relative to the previous year. More than half of this increase was due to increased consumption of biomass, particularly co-firing in power plants and in the form of biodiesel […]
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, […]
In New York state, Orion Energy Partners, GCM Grosvenor and Voya Investment Management teamed to invest $365 million to retool a portion of an existing oil refinery in Bakersfield into a renewable diesel bio-refinery. The project will use Global Clean Energy Holdings’s proprietary camelina oil as well as traditional biofuel feedstocks such as waste fats, […]
