Federal Financing Bank

Gevo Reports First Quarter 2023 Financial Results

Retrieved on: 
Wednesday, May 10, 2023
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ET

Key Points: 
  • ET
    ENGLEWOOD, Colo. – May 10, 2023 - Gevo, Inc. (NASDAQ: GEVO) ("Gevo", the "Company", "we", "us" or "our") today announced financial results for the first quarter of 2023 and recent corporate highlights.
  • The trade-off, however, is a longer process that will likely delay the financial close of NZ1.
  • We continue to advance the development of our projects with a focus on getting them ready for financial close utilizing third party equity partners.
  • They will review Gevo’s financial results and provide an update on recent corporate highlights.

Strategic Biofuels Seeks to Further Bolster Louisiana Green Fuels Project Via US DOE Title XVII Loan Guarantee Program

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Wednesday, March 8, 2023
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Accelerating an already impressive pace for the construction of its Louisiana Green Fuels (LGF) Project, Strategic Biofuels , the leader in developing negative carbon footprint renewable fuels plants, announced today that it has been invited by the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) to submit a Part II application for a proposed $1.6 billion loan guarantee under the Title XVII Innovative Clean Energy Loan Guarantee Program.

Key Points: 
  • Accelerating an already impressive pace for the construction of its Louisiana Green Fuels (LGF) Project, Strategic Biofuels , the leader in developing negative carbon footprint renewable fuels plants, announced today that it has been invited by the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) to submit a Part II application for a proposed $1.6 billion loan guarantee under the Title XVII Innovative Clean Energy Loan Guarantee Program.
  • “If our application proves successful it would be combined with the Tax Exempt Bond allocations from the State of Louisiana to form the debt portion of our project’s financing,” said Strategic Biofuels CEO Dr. Paul Schubert.
  • “We believe the loan guarantee program is a shining example of the US government’s commitment to decarbonizing the transportation sector.
  • For more information about Strategic Biofuels or the Louisiana Green Fuels Project, visit: www.strategicbiofuels.com .

Capital Plus Financial closes $125 million Treasury bond

Retrieved on: 
Monday, December 19, 2022
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DALLAS, Dec. 19, 2022 /PRNewswire/ -- Capital Plus Financial, a community development financial institution, certified B Corp and wholly owned subsidiary of Crossroads Impact Corp, closed a $125 million bond from the United States Treasury Department's CDFI Bond Guarantee Program – the largest bond allocation issued by the program in 2022.

Key Points: 
  • DALLAS, Dec. 19, 2022 /PRNewswire/ -- Capital Plus Financial, a community development financial institution, certified B Corp and wholly owned subsidiary of Crossroads Impact Corp, closed a $125 million bond from the United States Treasury Department's CDFI Bond Guarantee Program – the largest bond allocation issued by the program in 2022.
  • After the program's thorough due diligence, Capital Plus Financial was named a bond recipient of the highly selective and competitive program, which will allow CPF the ability to better serve its borrowers by providing long-term, fixed-rate cost of debt capital.
  • Capital Plus Financial is one of only five CDFIs nationwide selected.
  • The U.S. Treasury Department issues the bond for which the qualified issuer sells the bonds to the Federal Financing Bank.

Danimer Scientific Invited to Submit Part II Application for DOE Loan Guarantee

Retrieved on: 
Tuesday, July 5, 2022
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Danimer Scientific, Inc. (NYSE: DNMR) (Danimer or the Company), a leading next generation bioplastics company focused on the development and production of biodegradable materials, announced today that it has been invited to submit a Part II Application for a loan guarantee under the U.S. Department of Energy (DOE) Title XVII Loan Guarantee Program.

Key Points: 
  • Danimer Scientific, Inc. (NYSE: DNMR) (Danimer or the Company), a leading next generation bioplastics company focused on the development and production of biodegradable materials, announced today that it has been invited to submit a Part II Application for a loan guarantee under the U.S. Department of Energy (DOE) Title XVII Loan Guarantee Program.
  • The foregoing matters are wholly dependent on the results of the DOE review and evaluation of a Part II application and the DOEs determination whether to proceed.
  • Stephen E. Croskrey, Chairman and Chief Executive Officer of Danimer, commented, We are pleased to be invited by the DOE to submit a Part II Application for a loan guarantee.
  • We look forward to working closely with the DOE to fulfill the requirements of Part II of the application process.