In Sweden, Eco Wave Power Global AB, an onshore wave energy technology company, closed its underwritten public offering of 1,000,000 American Depository Shares, representing 8,000,000 common shares at a price to the public of $8.00 per ADS, now trading on the Nasdaq, with gross proceeds from this offering at approximately $9.2 million, before deducting underwriting […]
In Texas, Ameresco, Inc. achieved commercial operations at its landfill gas to renewable natural gas plant at Republic Services’ McCarty Road Landfill in Houston, Texas. This facility has a gross nameplate in excess of 1.1 million Dekatherms per year and is capable of processing 4,500 scfm of raw landfill gas. After breaking ground on the […]
In Switzerland, the Roundtable on Sustainable Biomaterials published the outcomes of RSB’s Monitoring & Evaluation (M&E) in 2020 in a report highlighting certification data, project work, advisory services, Standard development and more, to demonstrate where and how RSB is creating impacts. “The new report highlights that 2020 was a year like no other — for […]
In Texas, Kinder Morgan, Inc. agreed to acquire Indianapolis-based Kinetrex Energy from an affiliate of Parallel49 Equity for $310 million. Kinetrex has a 50% interest in the largest RNG facility in Indiana as well as signed commercial agreements to begin construction on three additional landfill-based RNG facilities. Once operational next year, total annual RNG production […]
In California, Aemetis, Inc., a renewable natural gas and renewable fuels company focused on below-zero carbon intensity products, hired regulatory expert Mehagan Hopkins to join the company as Manager of Carbon Capture and Sequestration Regulatory and Compliance. During nearly a decade at Chevron, she built teams to manage sustainability and environmental stewardship programs. At Aemetis, […]
In Florida, Alliance BioEnergy Plus, DBA Blue Biofuels, Inc. announced a new market for its production of sulfur free lignin, in addition to the bioplastics market. The Carbon Basis Company Ltd.’s (CBC) patented carbon-based ion exchange purification process plans to utilize lignin produced by the company as a biomaterial replacement for the synthetic resins currently […]
In Brazil, Reuters reports that a securities filing shows Shell and Cosan plan to raise $1.34 billion through Raizen’s IPO with a final price set for Aug. 3 for 810,811,000 shares, although it could increase by up to 35%. With shares expected between $1.44 and $1.87 which would result in a company valuation of between […]
In Georgia, Platts reports that Delta Air Lines said in a quarterly earnings call that the company refuses to spend cash willy nilly on a RIN marketplace that it sees as non-transparent. He confirmed that the company has accrued the RINs required for the Monroe Energy refinery in Trainer, Pennsylvania despite media reports to the […]
In the Philippines, Business World reports that new rules that will enhance reporting by oil companies regarding ethanol and biodiesel blending is seen by the USDA as an opportunity to get blending closer to the 10% mandate rather than the 8.5% average that has been the norm of late. Doing so will reduce gasoline consumption […]
In Washington, DTN reports Energy Information Administration data shows ethanol production fell 2.4% on the week to 1.041 million bpd while stocks dropped slightly to 21.134 million barrels. All regions saw draws on their stocks, except for the key Midwest producing region that saw stocks build, despite blending demand falling 3.5% to 916,000 bpd, the […]
