News has arrived from California that Viridos, focused on the production of algae biofuels primarily in the form of SAF and renewable diesel, has raised $25M in a Series A equity investment led by Breakthrough Energy Ventures, joined by Chevron and United Airlines Ventures. The funding will be used for R&D to further increase algae […]
In Spain, Cepsa will build a new second-generation (2G) biofuel plant in Palos de la Frontera, Huelva, which will involve an investment of up to 1 billion euros. This new plant, which will be located in the ‘La Rábida’ Energy Park, will produce both renewable diesel and SAF (sustainable fuel for aviation, for its acronym […]
In Oregon, Targray announced the opening of two new biodiesel terminals in Oregon. Located in Portland and Eugene respectively, the new terminals are strategically positioned to ease supply concerns for wholesale fuel distributors, retailers and refineries in the state which has a mandatory 5% biodiesel blending requirement in place to help curb emissions and transition […]
In Australia, Burnett Mary Regional Group (BMRG), Idemitsu Kosan Co., Ltd. and J-Oil Mills, Inc., with the cooperation of the Queensland government, have agreed to jointly study the establishment of a sustainable aviation fuel (SAF) supply chain by planting Pongamia pinnata (Millettia pinnata) trees, a non-edible oil feedstock, in Queensland for the purpose of CO2 […]
In Ohio, Marathon Petroleum Corp. announced the acquisition of a 49.9% interest in LF Bioenergy, an emerging producer of renewable natural gas (RNG) in the United States, from Cresta Fund Management for $50 million. The agreement includes the potential for up to an additional $50 million based on the achievement of predetermined earn-out targets. LF […]
In Canada, Braya Renewable Fuels issued an exclusive letter of support to ABO Wind for the joint development of green hydrogen production at its refinery in Come By Chance, Newfoundland and Labrador (NL), Canada. The non-binding letter of support promotes the project proposal ABO Wind intends to submit in the “Crown Land Call for Bids […]
In California, Vertimass has launched a Series C investment opportunity with the goal of establishing a commercialization platform for its breakthrough biofuel technology. In a 506(c) private placement, the minimum investment is $100,000 and is only open to accredited investors. Series C investors will become entitled to an annual, accruable, non-compounded 8% preferred return, although […]
In Illinois, Chicago-based ClearFlame Engine Technologies has raised $30 million in Series B funding to bring to market innovative solutions that power heavy-duty engines with clean, renewable fuels and create a viable business solution to reduce carbon and soot. The latest investments were led by Mercuria Energy Group, with Mercuria and Breakthrough Energy Ventures both […]
In Spain, energy firm Cepsa said it will build a new second-generation (2G) biofuel plant in Palos de la Frontera, Huelva, which will involve an investment of up to $1.05 million. This new plant, which will be located in the ‘La Rábida’ Energy Park, will produce both renewable diesel and SAF and will mean the […]
In Louisiana, accelerating an already impressive pace for the construction of its Louisiana Green Fuels (LGF) Project, Strategic Biofuels has been invited by the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) to submit a Part II application for a proposed $1.6 billion loan guarantee under the Title XVII Innovative Clean Energy Loan Guarantee […]
