In California, Phillips 66 is converting its San Francisco Refinery in Rodeo, California, into one of the world’s largest renewable fuels facilities. Construction continues on the Rodeo Renewed refinery conversion project that is expected to begin operations in the first quarter of 2024. The conversion will reduce emissions from the facility and produce lower carbon […]
In California, ZymoChem closed a $21 million Series A round. The investment is led by Breakout Ventures with participation from new investors including lululemon athletica, inc. and Toyota Ventures, and existing investors including GS Futures, KdT Ventures, and Cavallo Ventures. By pairing this financing with existing revenues from commercial partnerships and funding from the U.S. Department […]
In California, biotech-enabled fragrance startup Sensegen has announced a strategic collaboration with flavor and fragrance giant Takasago. The pact will leverage Sensegen’s recent advances in developing natural musk raw materials. The two companies hope to move the perfume industry beyond synthetic petroleum-based fragrances and traditional extracts. “Takasago’s rich fragrance expertise, combined with Sensegen’s innovative biotech […]
In California, environmental nonprofit the 5 Gyres has released findings questioning the biodegradability of certain bioplastics, including polylactic acid. The report, called Better Alternatives 3.0, found that some bioplastic packaging and items did not decompose after being buried underground for 64 weeks, regardless of the climate and soil conditions. For example, though PLA straws decomposed […]
In California, Sugar Valley Energy intends to produce Sustainable Aviation Fuel for the airline industry. The project could produce up to 61 million gallons of sustainable aviation fuel (SAF) annually. The move will help address a key objective of the aviation industry, which aims to achieve net zero carbon emissions by 2050. The adoption of […]
In California, ZeroAvia recently announced that MEHAIR has placed a conditional order for up to 20 ZA600 hydrogen-electric engines. The order adds to the over 2,000 engine pre-orders secured by ZeroAvia. MEHAIR (Maritime Energy Heli Air Services Pvt Ltd.) has historically offered services across the Indian sub-continent, commencing with the Andaman and Nicobar Islands in […]
In California, Aemetis, Inc. announced revenues from its first sale of California Low Carbon Fuel Standard (LCFS) credits generated by its subsidiary, Aemetis Biogas LLC. The environmental credits were sold in a single transaction to a market maker and the sale price has been paid in full. Aemetis Biogas produces renewable natural gas (RNG) from […]
In California, biomanufacturing firm ZymoChem has closed a $21 million Series A to advance its first product to commercial scale. The round was led by Breakout Ventures and included new investors lululemon, a producer of high-end athletic apparel, and Toyota Ventures. Returning investors GS Futures, KdT Ventures, and Cavallo Ventures also participated. ZymoChem’s technology uses […]
In California, Lingrove – a pioneer in composite materials that uses patented technology to transform fast-growing plants into surfaces and panels for the built environment and beyond – recently announced an oversubscribed Series B round of funding led by Lewis & Clark Agrifood and Diamond Edge Ventures, with participation from Bunge Ventures and SOSV. The […]
In California, Reuters reports The California Air Resource Board has proposed to make the Low Carbon Fuel Standard more strict regarding what it considers to be a low carbon fuel or not after a glut of renewable diesel pushed the value of credits to $71 per ton from the previous $200. Lower credit values will […]
