In South Korea, SK Inc., the strategic investment arm of South Korea’s SK Group, announced that it was part of a $50 million investment in Fulcrum BioEnergy Inc., a U.S.-based waste-to-fuels company. SK Inc. was joined in the investment with a Korean private equity fund. SK Inc. has been expanding investments in green businesses and […]
In Texas, BioAccelergy Ventures has signed a joint-development agreement with ExxonMobil Research and Engineering Company (ExxonMobil) to progress development of a new bio-base stock for lubricants manufacturing from seed and vegetable oil. The multi-year agreement aims to demonstrate the feasibility of producing bio-base stocks at a cost-effective commercial scale to reduce greenhouse gas emissions. BioAccelergy will […]
In Florida, Blue Biofuels, Inc. and the United States Department of Agriculture’s Agricultural Research Service (USDA ARS) are collaborating on optimizing the yields of Pennisetum hybridum, commonly known as king grass, a perennial grass biomass crop, that the Company is using as feedstock for its patented cellulose to sugar (“CTS”) process. The USDA ARS and […]
In Texas, Verde Bio Holdings, Inc has entered into an agreement to acquire two operational biodiesel plants located in Fort Myers, Florida, and Wilson, North Carolina, which together will add an estimated $27 million in assets to VBHI in line with its new strategy to invest in renewable energy and natural resources. The Florida facility […]
In Massachusetts, Advent Technologies Holdings, Inc. and BASF New Business GmbH recently signed a Memorandum of Understanding to develop and increase the manufacturing scale of advanced fuel cell membranes designed for long-term operations under extreme conditions. BASF intends to improve the long-term stability of its Celtec® membrane and to increase production capacity with advanced technical […]
In Michigan, Dow announced that five of its largest manufacturing sites in Freeport, Texas (USA), Tarragona (Spain), Terneuzen (Netherlands), Boehlen (Germany) and Schkopau (Germany) have all received International Sustainability & Carbon Certification (ISCC) PLUS recognition for their compliance with rigorous tracking of sustainable feedstocks use. This marks a major step in the company’s global strategy […]
In Colorado, Carbon America, the first vertically integrated carbon capture and sequestration (CCS) super developer, today announced it has secured $30 million in Series A funding to deploy commercial projects and scale up its technology. Participating investors include the Canada Pension Plan Investment Board (CPP Investments), ArcTern Ventures, Energy Impact Partners, the Grantham Environmental Trust’s […]
In Arkansas, SIEV Technologies, a catalytic membrane reactor design company started by University of Arkansas researchers, has been awarded a $256,000 Small Business Innovation Research Grant from the National Science Foundation to develop technology that improves biofuel production. The grant will enable SIEV to continue developing its business model as well as its catalytic membrane […]
In Ohio, Marathon Petroleum Corp. and ADM announced the closing of their joint venture to produce soybean oil to supply the rapidly growing demand for renewable diesel fuel. The joint venture, which is named Green Bison Soy Processing, LLC, will own and operate a soybean processing complex in Spiritwood, North Dakota, with ADM owning 75% […]
In the Netherlands, Boskalis has taken delivery of its largest-ever consignment of drop-in biofuel which will be used to power two hopper dredgers on upcoming projects in northwestern Europe. The use of biofuel will result in a CO2 reduction of approximately 90% for the 12,000 m3 hopper dredger Willem van Oranje and approximately 45% for […]
