Biofuel

Strategic Biofuels Announces Strategic Investment from Magnolia Sustainable Energy Partners

Retrieved on: 
Tuesday, April 9, 2024
Carbon, Sumitomo Group, Partnership, LGF, JX, CCS, Biofuel, Utilization, Forestry, CCUS, SAF, Renewable energy

COLUMBIA, La., April 9, 2024 /PRNewswire/ -- Strategic Biofuels, a leading sustainable aviation fuels (SAF) project developer, announced today a strategic investment commitment from Magnolia Sustainable Energy Partners (M-SEP), a newly formed Japanese-based investment consortium created by Sumitomo Corporation of Americas (SCOA) and JX Nippon Oil & Gas Exploration Corporation (JX). The investment from M-SEP will be used to further advance the company's flagship Louisiana Green Fuels (LGF) project, an ultra-low carbon negative SAF plant located in Caldwell Parish, Louisiana.

Key Points: 
  • COLUMBIA, La., April 9, 2024 /PRNewswire/ -- Strategic Biofuels , a leading sustainable aviation fuels (SAF) project developer, announced today a strategic investment commitment from Magnolia Sustainable Energy Partners (M-SEP), a newly formed Japanese-based investment consortium created by Sumitomo Corporation of Americas (SCOA) and JX Nippon Oil & Gas Exploration Corporation (JX).
  • "It's an honor to work with Strategic Biofuels and SCOA, who possess remarkable technical, project management, business, and financing expertise and leadership to help us achieve our goals."
  • We continue to support creating strategic partnership with Japanese strategic investors through M-SEP"
    In February, SCOA announced a major investment commitment to Strategic Biofuels' LGF project, revealing that it will help the project reach a Financial Investment Decision and commencement of construction in early 2025.
  • At the same time, Strategic Biofuels announced that it would be shifting its primary renewable fuel product to SAF.

Aemetis Approved by USCIS for $200 million of EB-5 Investment in Biogas, SAF and Carbon Sequestration Projects

Retrieved on: 
Thursday, March 21, 2024
Ethanol, USDA, NCE, Natural gas, Oil, Growth, Authority, Unemployment, EB-5, ATC, Aviation, Biofuel, Carbon, Sugar, CO2, USCIS, JCE, Region, RD, Renewable natural gas, Engineering, RNG, SAF, Renewable energy

Citizenship and Immigration Services (USCIS) of $200 million of EB-5 program investment for the Riverbank sustainable aviation fuel (SAF) production plant, the dairy renewable natural gas (RNG) project, the carbon sequestration project, and energy efficiency upgrades to the Keyes ethanol plant.

Key Points: 
  • Citizenship and Immigration Services (USCIS) of $200 million of EB-5 program investment for the Riverbank sustainable aviation fuel (SAF) production plant, the dairy renewable natural gas (RNG) project, the carbon sequestration project, and energy efficiency upgrades to the Keyes ethanol plant.
  • The Riverbank plant was recently granted Authority to Construct (ATC) air permits and is designed to produce 78 million gallons per year of SAF for the aviation market.
  • Aemetis has already secured more than $3 billion of contracts to supply airlines with SAF.
  • The Project’s two primary locations are the Aemetis Advanced Fuels Keyes 65 million gallon per year ethanol plant and the Riverbank Industrial Complex.

FutureFuel Announces Director Resignation and Appointment of New Director

Retrieved on: 
Monday, March 18, 2024
FF, Olin Corporation, Regulation S-K, Strategic planning, Regulation, Commercial, Biofuel, Security (finance), Death, Northwestern University, Arthur Andersen, Corporate development, Audit committee

Prior to his resignation, Mr. Louvel served on the Audit Committee of the Board.

Key Points: 
  • Prior to his resignation, Mr. Louvel served on the Audit Committee of the Board.
  • Mr. Louvel’s resignation was not the result of any dispute or disagreement with the Company or the Board.
  • He was a Vice President/Senior Director of Monsanto, working for the Chairman and at G D Searle.
  • There are no arrangements between Mr. Greer and any other person pursuant to which he was elected to serve as a director.

FutureFuel Provides Update on $2.50 Per Share Special Cash Dividend 

Retrieved on: 
Friday, March 15, 2024
Special dividend, FutureFuel, FF, Biofuel, Person

CLAYTON, Mo., March 15, 2024 (GLOBE NEWSWIRE) -- FutureFuel Corp. (NYSE: FF) (“FutureFuel”), a manufacturer of custom and performance chemicals and biofuels, today issued the following update with respect to its $2.50 per share special cash dividend approved by FutureFuel’s Board of Directors and previously announced on March 14, 2024 (the “Special Dividend”).

Key Points: 
  • CLAYTON, Mo., March 15, 2024 (GLOBE NEWSWIRE) -- FutureFuel Corp. (NYSE: FF) (“FutureFuel”), a manufacturer of custom and performance chemicals and biofuels, today issued the following update with respect to its $2.50 per share special cash dividend approved by FutureFuel’s Board of Directors and previously announced on March 14, 2024 (the “Special Dividend”).
  • Accordingly, as the payment date for the Special Dividend is April 9, 2024, the NYSE has set the ex-dividend date for the Special Dividend to be April 10, 2024.
  • In addition, FutureFuel understands that trades of FutureFuel’s common stock entered into during the period (the “due bill period”) beginning March 25, 2024 (the business day before the record date for the Special Dividend) and through April 9, 2024 will have a due bill attached for the Special Dividend.
  • Due bills obligate sellers of FutureFuel common stock to deliver the Special Dividend to the buyer.

United States Biofuel Enzyme Markets, Competition, Forecast and Opportunities, 2018-2023 and 2028F: Innovations and Environmental Benefits, Automotive Industry Influence and Industrial Scale-Up - ResearchAndMarkets.com

Retrieved on: 
Wednesday, April 3, 2024
Alternative Energy, Energy, Oil, Gas, Momentum, Renewable energy, Fossil, Transport, Amylase, Government, Biofuel, Biomass

The "United States Biofuel Enzyme Market, By Region, Competition Forecast and Opportunities, 2018-2028F" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "United States Biofuel Enzyme Market, By Region, Competition Forecast and Opportunities, 2018-2028F" report has been added to ResearchAndMarkets.com's offering.
  • The United States has witnessed a significant surge in the demand for biofuel enzymes, an integral component in the production of cleaner, renewable energy.
  • A new comprehensive analysis of the United States Biofuel Enzyme Market details evolutionary trends, competitive landscapes, and regional market insights, aimed at providing stakeholders with a thorough understanding of the market dynamics in this crucial sector.
  • The increasing propensity for renewable alternatives in the United States augments the role of biofuel enzymes in meeting energy needs sustainably.

Global Algae Biofuel Industry Research 2024: Government Policies Expected to Create Opportunities - Analysis and Forecasts to 2033 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, April 3, 2024
Sustainability, Alternative Energy, Energy, Environment, Climate change, Growth, Spirulina, RED, Lipid, Research, Aviation, Transport, Pyrolysis, Carbohydrate, Renewable Energy Directive 2018, Biofuel, Carbon, Investment, Ecosystem, Traction, Neste, Region, Biomass, Renewable energy

The global shift toward sustainability is a key driver in the global algae biofuel market, driving both innovation and investment in this renewable energy sector.

Key Points: 
  • The global shift toward sustainability is a key driver in the global algae biofuel market, driving both innovation and investment in this renewable energy sector.
  • These policies enhance the market viability of algae biofuels by providing financial incentives, tax breaks, and research grants.
  • North America led the global algae biofuel market in 2022, owing to several key factors that propelled the region to the forefront of this burgeoning industry.
  • Government initiatives and supportive policies, such as research funding and tax incentives, have fostered a conducive environment for algae biofuel development.

Kurita Announces Amalgamation of Canadian Entities

Retrieved on: 
Tuesday, April 2, 2024
Other Manufacturing, Engineering, Other Energy, Chemicals, Plastics, Utilities, Manufacturing, Energy, Other Natural Resources, Natural Resources, Food, KCI, Water, Biofuel, Renewable energy

Kurita America, part of the Kurita Group, a leading global provider of industrial water treatment solutions, today announced the amalgamation of Keytech Water Management Company (KTWM) with Kurita Canada Inc. (KCI).

Key Points: 
  • Kurita America, part of the Kurita Group, a leading global provider of industrial water treatment solutions, today announced the amalgamation of Keytech Water Management Company (KTWM) with Kurita Canada Inc. (KCI).
  • The integrated entity will be known as Kurita Canada Inc., headquartered in Kitchener, Ontario, and will serve customers throughout Canada.
  • “We’re very pleased that in bringing our Canadian entities together, we’re able to better address the diverse challenges faced by our customers,” said Kurita America’s CEO Greg Becker.
  • Kurita is dedicated to creating shared value for customers and society through the development of sustainable business practices and technologies.

Terragia Secures $6M to Develop Cost-Competitive, Low-Carbon Biofuel Technology

Retrieved on: 
Thursday, March 28, 2024
Chemicals, Plastics, Alternative Energy, Energy, Green Technology, Manufacturing, Sustainability, Alternative Vehicles, Fuels, Start-Up, University, Education, Professional Services, Environment, Biotechnology, Automotive, Health, Energy Centre, Ethanol, Biofuel, Research, Enzyme, EIP, National Science Foundation, Partnership, Chairperson, Distinguishing, Aviation, Dartmouth College, Carbon, Biology, Education minister, CO2, Ship, Fermentation, Multimedia, SAF, Renewable energy

Terragia Biofuel , a technology startup aiming to drive the next generation of biofuels, today announced it has raised a $6 million seed round led by Engine Ventures and Energy Impact Partners (EIP).

Key Points: 
  • Terragia Biofuel , a technology startup aiming to drive the next generation of biofuels, today announced it has raised a $6 million seed round led by Engine Ventures and Energy Impact Partners (EIP).
  • “Terragia has an exciting opportunity to succeed where others in the cellulosic biofuel industry have not.
  • Brief joins co-founders Lee Lynd, who transitioned to Chief Technology Officer, Bill Brady, Board Chair, and Chris Herring, Vice President of Technology Development.
  • We have a unique opportunity to make a transformational impact on climate outcomes, in addition to generating substantially higher revenues for biofuel producers.”

Green Plains Begins Commissioning of the Demonstration Facility Combining Fluid Quip Technologies’ MSC™ with Shell Fiber Conversion Technology

Retrieved on: 
Monday, March 25, 2024
Agriculture, Natural Resources, Alternative Energy, Energy, Chemicals, Plastics, Technology, Agritech, Manufacturing, Carbon, Shell, Partnership, Corn oil, Biofuel, Senior, MSC, Fermentation

Green Plains Inc. (NASDAQ:GPRE) today announced that it has begun commissioning of the York, Nebraska, demonstration facility combining Fluid Quip Technologies’ precision separation and processing technology (MSC™) with Shell Fiber Conversion Technology (SFCT).

Key Points: 
  • Green Plains Inc. (NASDAQ:GPRE) today announced that it has begun commissioning of the York, Nebraska, demonstration facility combining Fluid Quip Technologies’ precision separation and processing technology (MSC™) with Shell Fiber Conversion Technology (SFCT).
  • The new facility combines fermentation, mechanical separation and fiber conversion technology into one platform.
  • “This was accomplished through close collaboration with our partners at Green Plains, and as a result of the dedication and hard work of the joint project team.
  • Following successful demonstration of the combined technology, and subject to positive final investment decisions, Green Plains and Shell will look for potential opportunity to take this technology platform forward through full commercial deployment, beginning with one of Green Plains’ existing MSC™ facilities.

Babcock & Wilcox Signs Agreement for Power Plant Fuel-Switching Project Valued at Approximately $246 Million

Retrieved on: 
Monday, March 18, 2024
Environment, Other Energy, Utilities, Oil, Gas, Coal, Alternative Energy, Green Technology, Energy, Nuclear, Natural gas, FPS, Babcock & Wilcox, Acquisition, Biofuel, Senior, Hydrogen

Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Thermal business segment has signed an agreement valued at approximately $246 million for a gas conversion project for a power plant in North America.

Key Points: 
  • Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Thermal business segment has signed an agreement valued at approximately $246 million for a gas conversion project for a power plant in North America.
  • Under the agreement, B&W has received limited notice to proceed (LNTP) for the coal-to-natural gas project.
  • Notice to proceed for the full contract is anticipated in the fourth quarter of 2024.
  • Babcock & Wilcox Construction Co., LLC, will perform the construction portion of the project under an intercompany agreement when a full notice to proceed is received.