In Canada, Canary Biofuels Inc. has completed a C$16.5 million non-brokered private placement equity financing, closed the acquisition of Invigor Bioenergy Corporation, which owns a biodiesel facility in Alberta and signed with Canadian Western Bank providing for a credit facility with C$7 million of borrowing capacity. Canary will use proceeds from the financing to convert the […]
In California, a joint venture has been signed by Clean Energy and Total to develop carbon-negative fuel and infrastructure. The 50-50 venture to develop production facilities in the United States will also lend support for building additional downstream renewable natural gas (RNG) fueling infrastructure. The initial firm commitment is $100 million and can increase to […]
In Canada, Cielo Waste Solutions has entered into a binding letter of intent to obtain from one or more lenders a non-interest bearing, unsecured convertible loan of C$10 million. The net proceeds of the loan will be used to purchase a site near Edmonton, Alberta, which will be used for Cielo’s planned 100% owned waste […]
In Bolivia, the EFE news agency reports the government will invest $250 million to produce 3 million barrels per year of renewable diesel from waste fats, animal fats and vegetable oil at its Guillermo Elder Bell refinery. The facility will require upwards of 450,000 metric tons of feedstock annually. Danish, French and US businesses contributed […]
In New York state, a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of Renewable Energy Group, Inc. (NASDAQ: REGI) from May 3, 2018, through February 25. The lawsuit filed in the United States District Court for the Southern District of New York alleges violations of […]
In Germany, Chemieanlagenbau Chemnitz (CAC) has been assigned by OMV with overall responsibility for the construction of a biofuel plant. With this project CAC is realizing one of the first large-scale plants in Europe to use innovative co-processing to produce carbon-neutral fuels. For this purpose biogenic input materials are processed together in combination with fossil, […]
In New York state, Coty Inc. has signed a letter of intent to partner with LanzaTech to introduce sustainable ethanol made from captured-carbon emissions into its fragrance products. Coty’s scientists have worked alongside LanzaTech and production partners over the past two years to develop a high-purity sustainable ethanol that is suitable for use in fragrances. […]
In Washington, DTN reports Energy Information Administration data shows ethanol production made a quick comeback following “snowmaggedon” that hit much of the US the week prior, producing 849,000 bpd, an increase of 29% over the week prior. Demand rose more than 12% over the prior week as well, helping to eat into ethanol stocks. Stocks […]
In Brazil, Platts reports ANP data shows hydrous ethanol sales fell more than 10% in January compared to January 2020, in line with lower blending trends seen throughout the pandemic period. Of the total 1.7 billion liters sold in January, 91% of the volume was in the center-south region while much of the remaining volume […]
In India, the Indian Asian News Service reports Praj is linking with energy distribution startup Repos Energy to introduce a new concept in bio-mobility, supplying biofuels via Repos’ network. Repos uses IoT through a mobile phone app to coordinate delivery of diesel fuel to customers’ doorsteps for those who don’t have easy access to fuel […]
