In California, Forza Innovations Inc. successfully completed the previously announced acquisition of Sustainable Origins. The acquisition is part of Forza Innovations’ ongoing strategic plan for future revenue and expansion. From its newly appointed innovation lab in San Diego and growing team aims to make this acquisition of Sustainable Origins and optimize the company’s current operations to […]
In Luxembourg, targeting initially at a total volume of €250 million, the European Circular Bioeconomy Fund (ECBF) is oversubscribed with a total of approximately €300 million. With the final closing of the subscription, the international team of the ECBF was able to gain the trust of further investors for the implementation of its mission. During […]
In Maine, Aerospace Testing International reports bluShift successfully tested its hybrid, biofuel Modular Adaptable Rocket Engine for Vehicle Launch, MAREVL 2.0, with partial power for five seconds. Future tests will include full-power, 90-second full duration burns while later this year it expects to do suborbital flight testing following static fire tests. This latest round of […]
In California, Aemetis, Inc. closed two new, lower interest rate credit facilities with aggregate availability of up to $100 million, comprised of up to $50 million for projects that produce lower carbon intensity renewable products and up to $50 million for working capital. In connection with the closing of the new credit facilities, Aemetis repaid […]
In Virginia, microbial solutions company, BIO-CAT Microbials, LLC, is investing $35 million to significantly expand its Troy, Virginia facility to include fermentation capabilities. The company will be breaking ground on an initial 53,800 square-foot expansion phase in March of 2022, with potential future expansion up to an additional 100,000 square feet. The expansion — anticipated […]
In Germany, the UFOP reports that compared to the record levels shown in the quota year 2020, foreign trade in biodiesel declined only slightly in 2021. In both years, the export surplus was around 1 million tons. According to the UFOP, increases in exports were not to be expected in 2020, because the cap on […]
In Texas, Green Hydrogen International unveiled plans to create the world’s largest green hydrogen production and storage hub in South Texas. Hydrogen City, Texas will be an integrated green hydrogen production, storage, and transport hub growing to 60GW in size and producing over 2.5 billion kilograms of green hydrogen per year. The project is centered […]
In New York, the sustainable energy NGO Energy Vision released its latest assessment of the US renewable natural gas industry, performed on behalf of the U.S. Department of Energy’s Argonne National Laboratory. The assessment compiles a database of current and projected RNG production facilities and shows rapid growth in RNG production nationwide. That growth is […]
In Washington, D.C., ethanol production slowed by 27,000 barrels per day (b/d), or 2.6%, to 997,000 b/d, equivalent to 41.87 million gallons daily, according to EIA data analyzed by the Renewable Fuels Association. Production was 17.4% more than the same week last year, which was affected by the pandemic and the continued effects of adverse […]
In New York state, Renovare Environmental, Inc. has entered into a definitive agreement to purchase Harp Renewables and its affiliate, Harp Electric Engineering (collectively “Harp”) for $20 million, comprised of $15 million of common stock and $5 million of cash. Through this acquisition, Renovare will become the premier provider of Digesters across North America and […]
