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Mitsui leads investment in LanzaTech's $60 million series D round

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By LanzaTech

March 26, 2014

Business Markets 

LanzaTech has attracted new strategic investors. Led by Mitsui & Co. with a $20M investment, the $60M round includes new investors Siemens via its Venture Capital unit (SFS VC), CICC Growth Capital Fund I L.P., along with existing investors.

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Gevo Inc. has released 2013 financial results, reporting total revenues of $17.91 million for the year. The company also announced it will produce both ethanol and isobutanol concurrently at its plant in Luverne, Minn.

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The U.S. EPA has released renewable identification number (RIN) generation data for February, reporting that more than 1.21 billion RINs were generated during the month across all five fuel categories, including 7,072 D3 cellulosic biofuel RINs.

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Leaders of seven bioenergy trade associations participated in the International Biomass Conference & Expo's State of the Industry general session on March 25 in Orlando, Fla.

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The $163.9 million Illinois Basin-Decatur Project celebrated as new milestone as its carbon sequestration project stored 750,000 metric tons carbon dioxide from Archer Daniels Midland Co.'s ethanol plant in Decatur, Ill.

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John Ackerly, president of the Alliance for Green Heat, was presented with the Excellence in Bioenergy award at the 2014 International Biomass Conference and Expo, while Abengoa Bioenergy was recognized with the Groundbreaker of the Year award.

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BP has released its 2013 sustainability report, announcing it has fulfilled its 2005 commitment to invest $8 billion in alternative energy by 2015 two years early. The company has not made another public commitment for alternative energy spending.

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On March 24, a group of biofuel trade organizations sent a letter to Senate Finance Committee Chairman Ron Wyden, D-Ore., and Ranking Member Orrin Hatch, R-Utah, encouraging extension of critical advanced biofuel tax incentives.

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Valero Renewable Fuels Company LLC, a wholly owned subsidiary of Valero Energy Corp., announced March 21 that it has purchased a 110 MMGy corn ethanol plant in Mount Vernon, Ind., from Aventine Renewable Energy-Mt. Vernon LLC,

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France-based Deinove has released its 2013 financial results, reporting progress with increased research and development efforts. The company highlighted efforts for its biofuel-focused Deinol program and its biochemical-focused Deinochem platform.

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Environmental Entrepreneurs (E2) has published a new report on clean energy jobs, reporting that bioenergy and biofuel projects created thousands of jobs last year.

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Bloomberg New Energy Finance has published a new white paper that highlights the impacts of the renewable fuel standard (RFS), California Low Carbon Fuel Standard, and new fuel efficiency regulations on California's gasoline market.

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A recently released USDA report tells the story of more than $33 million in investments to support rural businesses, infrastructure and housing in 2013. A new interactive website map also features funding information.

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Aemetis Inc. has released its 2013 financial results, reporting revenues of $177.5 million. The company said it has been consistently operating its Keyes, Calif., plant above nameplate capacity since improvements were completed in May 2013.

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Lesaffre is proud to announce the launch of Lesaffre Advanced Fermentation Technologies (Leaf Technologies), which will focus on the value-added fermentation solutions for fuel ethanol and bio-based chemicals producers.

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Dyadic International Inc. has released its 2013 financial results, reporting total revenue of $17.1 million, a 10 percent increase over 2012 revenue of $15.6 million. Net product related revenue increased by 25 percent, reaching $9.8 million.

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Ethanol industry files to take LCFS fight to the Supreme Court

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By Growth Energy and Renewable Fuels Association

March 20, 2014

Following the January decision by the Ninth U.S. Circuit Court of Appeals to deny rehearing en banc in the litigation regarding California's Low Carbon Fuel Standard, two ethanol trade associations are taking the fight to the U.S. Supreme Court.

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Researchers from Michigan State University, U.S. DOE's Joint Genome Institute and Lawrence Berkeley National Laboratory have published the largest soil DNA sequencing effort. The data was later applied to study biofuel feedstocks.

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Pinal Energy LLC in Maricopa, Ariz., is back online after being down for the past year and half. Improvements made during the facility's downtime have allowed it to restart at 60 MMgy of capacity, up from 50 MMgy.

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Hydro Dynamics Inc. has announced that a ShockWave Power Reactor was purchased and installed in a commercial cellulosic pilot plant in Italy. The SPR was purchased after successful lab testing on extraction of cellulose from corn fiber and straw.

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The USDA Farm Service Agency recently announced the expansion of its Farm Storage and Facility Loan program, which can provide low-interest funds to build or upgrade permanent facilities to store eligible commodities, including renewable biomass.

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Anew Travel Center in Cambridge, Neb., now offers E15 to consumers for use in 2001 and newer vehicles. The expanded offering of E15 will create savings at the pump for consumers. The fuel blend is currently offered by retailers in 14 states.

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Corn prices are likely to remain around $4 per bushel over the next decade and ethanol production will remain flat, according to an analysis released by the Food and Agricultural Policy Research Institute at the University of Missouri.

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The U.S. EPA has published a notice to its website announcing that it is taking action to improve the petition process for new renewable fuel pathways under the renewable fuel standard (RFS) program.

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As of the end of last year, there are less than 3,000 E85 retail stations in the U.S. While that represents growth in the past five years, there's more work to be done so FFV drivers have easy access to the fuel.

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Tolman to retire as NCGA CEO

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By National Corn Growers Association

March 17, 2014

Rick Tolman will step down as CEO of the National Corn Growers Association at the end of September. NCGA President Martin Barbre said the members of a CEO Search Committee and additional details will be announced soon.

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Green Plains Renewable Energy Inc. has announced its Otter Tail ethanol plant restarted production on March 16. The 60 MMgy facility located near Fergus Falls, Minn., was temporarily idled after a March 10 fire.

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Farmer and community meetings are underway this week in North Dakota laying the foundation for industrial beet production. Also known as energy beets, the varieties are bred for industrial sugars that can be converted to biobased fuels and chemicals.

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The U.S. Energy Information Administration has published the March edition of its Short-Term Energy Outlook, slightly increasing its 2014 ethanol forecast. The EIA now predicts ethanol production will average 910,000 barrels per day in 2014.

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N.C. Bioenergy Research Initiative seeks grant proposals

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By North Carolina Department of Agriculture and Consumer Services

March 14, 2014

The N.C. Bioenergy Research Initiative is seeking grant proposals focused on research and development of agricultural and forestry-based feedstocks for bioenergy production, Agriculture Commissioner Steve Troxler recently announced.

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