In Washington, General Biodiesel has accepted a penalty of $62,985 for their EPA reporting failures, which occurred during construction in 2009 and 2010. The company failed to report the presence of potentially hazardous chemicals on site while their facility was being constructed. GB has cooperated fully with the EPA during the investigation. More on the […]
In Iowa, the Renewable Energy Group has paid off its $34.5m debt on its Seneca, Illinois subsidiary. “When we acquired Seneca, we believed the restrictive debt structure was appropriate because the plant was purchased out of bankruptcy. As REG Seneca came online and our state-of-the-art production technology was proven, the natural cash flow generated from […]
In California, Hercules Technology Growth Capital announced its quarter-to-date fourth quarter 2012 portfolio update. In the quarter-to-date, Q4 2012 closed commitments of $205 million. For the year-to-date 2012, Hercules closed and has pending commitments of $668 million. It has completed securitization of $231 million, and issued $129 million Class A notes that are rated A2 […]
In Italy, Algasol will be collaborating with industrial equipment provider GIAN.MAI srl for floating PhotoBioReactor (PBR) technology as they create a 4000m2 pilot facility. The project will later scale to 20 hectares and will recover CO2 from industrial smoke stacks, perform wastewater treatment, and utilize algae biomass for various applications. More on the story.
In Canada, the Plasco Energy Group announced it will build a 150,000 tonnes per year Waste Conversion Facility in Ottawa, using the Plasco Conversion System to create synthetic gas, which will produce approximately 15MW of net electricity that will be sold to the grid. Residual solids are refined using Plasma to produce slag which meets […]
In Norway, the Olvi Foundation will join the funding of Green Fuel Nordic’s biorefinery project, representing one of the most significant capital investors in the project thus far. The last 12 months have been spent seeking investors from big players interested in the future of Scandinavia. GFN will continue with the planning for its biorefineries […]
In Spain, Universitat Politècnica de Catalunya researchers have developed and patented a type of biological concrete that supports the natural, accelerated growth of pigmented organisms. The material, which has been designed for the façades of buildings or other constructions in Mediterranean climates, offers environmental, thermal and aesthetic advantages. The material consists of a conventional carbonated […]
In Nevada, Sen. Byron Dorgan will give the keynote address at the National Biodiesel Conference and Expo in Las Vegas. The Senator has retired from public office, but has recently been discussed in the media as a prospect for the Secretary of Energy, should Secretary Chu step down. More on the story.
In New York, the Securities and Exchange Commission (SEC) has filed a suit against former chairman of New Generation Biofuels Holdings, Lee Rosen, claiming that he avoided reporting his ownership interest in the company. Rosen will settle with the SEC, paying nearly $1m in fines, and will be barred from the company’s executive positions. The […]
In North Carolina, Chemtex is embroiled in permitting for a $200m refinery production plant set to open at the end of 2015. The company sent a blueprint for the plant to the City Council and has received great feedback thus far. The plant will demand the cultivation of 20,000 acres of energy grasses, including switchgrass […]
