In Massachusetts, Ginkgo Bioworks and the biotechnology company Zymergen (have entered into a definitive agreement under which Ginkgo will acquire Zymergen in an all-stock transaction that values Zymergen at an approximately $300 million market capitalization. Under the terms of the agreement, which have been unanimously approved by the boards of directors of both companies, Zymergen […]
In Canada, The Minister of Economy and Innovation and Minister responsible for Regional Economic Development, Pierre Fitzgibbon, has confirmed an investment through Investissement Québec of C$284.45 million (C$161.85 million in the form of a loan and C$122.6 million in preferred shares) to Recyclage Carbone Varennes (RCV). The RCV project now combines the biofuel plant and […]
In Argentina, the Clarin newspaper reports that fter the expiration on August 16 of DNU 330/22, which was launched by the Government in the midst of a diesel shortage crisis and imposed an additional temporary 5% biodiesel blend, the Argentine Chamber of Biofuels (Carbio) requested the “permanent continuation” of the measure. “The measure showed the […]
In Louisiana, the Advocate newspaper reports Louisiana Economic Development documents show Shell plans to convert its mothballed Convent refinery to sustainable aviation fuel and renewable diesel using a third-party alcohol-to-jet technology. The $1.4 billion facility conversion would use sugarcane-based ethanol as feedstock but could use corn-based ethanol if required. The project is meant to start […]
In Washington, DTN reports Energy Information Administration data shows ethanol production rose slightly on the week to 987,000 bpd, 5.8% higher than last year, but as the summer driving season came to an end, so did ethanol blending demand which dropped from a one-year high the week prior by 10,000 bpd. As a result, ethanol […]
In Brazil, Reuters reports UNICA data shows ethanol production fell during the first half of August by more than 10% to 2 billion liters in line with a 13.7% drop in the sugarcane crush. Even though yields have increased 2.5% this year, adverse weather got in the way of the crush during H1 August, causing […]
In India, the Times of India newspaper reports that through a pilot project with the national transport ministry Mumbai’s BEST public transport company will convert 220 diesel buses to run on green hydrogen. The project was inspired by the national transport minister who is behind much of the country’s push towards renewable fuels. His personal […]
In Canada, Arbios Biotech and the Lheidli T’enneh First Nation are pleased to announce the naming of the Arbios commercial scale facility in Prince George, British Columbia, which is now known as Arbios Biotech Chuntoh Ghuna and means “The Forest Lives.” The Lheidli T’enneh First Nation and Arbios Biotech have been working in close partnership […]
In India, CNBC-TV18 reports Hindustan Petroleum has launched a pilot project that will produce gas from 100 metric tons of cow manure per day at its facility in Sanchore, Rajasthan within a year. This will be HPCL’s first project under Waste to Energy portfolio. The project is being developed under GOBAR-Dhan scheme launched by the […]
In Canada, Genecis Bioindustries Inc. announced that it has raised $7 million in Series A funding led by Khosla Ventures and BDC Capital’s Cleantech Practice. The round includes participation from Gullspang Re:food, with returning investors such as AME Cloud Ventures, IT Farm, and Heinz Group. Genecis has also secured a $3 million credit facility from […]
