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 […]
In California, Berkeley Lab reported that a recent study by researchers from the U.S. Department of Energy’s (DOE) Lawrence Berkeley National Laboratory (Berkeley Lab) and Sandia National Laboratories revealed which crop-based feedstocks offer the greatest potential for a cost-competitive, renewable alternative to petroleum-based jet fuel, while also maximizing atmospheric carbon removal. The scientists conducted the […]
In California, West Biofuels, LLC announced $4 million from the California Department of Forestry and Fire Protection’s (CAL FIRE) Business and Workforce Development Grant Award to support the development of clean, renewable energy. West Biofuels was awarded $2 million for their latest project, the Hat Creek Bioenergy Facility (Burney, Calif.), which is expected to be […]
In California, Clean Energy Fuels Corp. has entered into a six-year $300 million senior secured term loan with Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets. The credit agreement also provides for a two-year delayed draw term loan commitment of an additional $100 million. In addition to repaying existing loans, the […]
In California, Terviva has entered into a partnership agreement with Mitsubishi Corporation that includes financing to Terviva. Terviva works with local communities to harvest beans from the pongamia tree to produce oil and protein-rich meal. Pongamia is a subtropical legume tree with unique qualities that make it particularly suited to a climate-changing world. Terviva seeks […]
