Posts Tagged ‘biomass’

3 December 2008

NRG Energy develops new biomass project in Connecticut, US

NRG Energy is developing a new biomass project at its Montville Generating Station in Connecticut, US.

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3 December 2008

Chromatin raises $12m to make a splash in the bioenergy pool

Chromatin, a developer of mini-chromosome technology, has completed a Series C financing round of $12.4m, led by Quantitative Financial Strategies and consisting of Malaysian Life Sciences Capital Fund, Burrill & Company, Venture Investors, Unilever Technology Ventures, Foragen Technology Ventures and Illinois Ventures.

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28 November 2008

Global biofuels market continues to grow, report

Despite the economic downturn, the biofuels sector has continued to gather pace, with global fuel ethanol production increasing by 25 per cent in 2007 to more than 50 billion litres, according to the latest report published by CBDM.T.

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27 November 2008

Two new hires make HgCapital’s renewables team one of the biggest in Europe

European mid-market private equity and renewable energy infrastructure investor HgCapital has added another two professionals to its renewable energy team, which now comprises seven specialists. The new associates are Luigi Pettinicchio and Luis Quiroga.

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26 November 2008

Areva wins two bioenergy power plant contracts in Germany, Belgium

Energy group Areva has won two major contracts to build turnkey bioenergy power plants in Germany and Belgium, totaling €30m.

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26 November 2008

Indian renewable energy generation company Orient Green Power raises $55m in funding

Indian renewable energy generation company Orient Green Power has raised $55m in its third round of funding, led by investment management firm Olympus Capital Holdings Asia, which is investing $35m. Other investors include US venture capital firm Bessemer Venture Partners and renewable energy service provider Shriram EPC, investing $10m each.

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25 November 2008

Biofuels Power to purchase HO Clarke green electricity station

Biofuels Power Corporation has agreed to purchase the site, infrastructure and equipment of the H.O Clarke Electric Generating Station in central Houston, US.

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25 November 2008

ImageTree, CATHALAC collaborate to build carbon credit ecomarket infrastructure in Latin America, the Caribbean

Biomass and forestry assesment company ImageTree Corporation and the Water Center for the Humid Tropics of Latin America and the Caribbean (CATHALAC) have signed a five year agreement to collaborate on delivering carbon and forest biomass baseline inventories and monitoring systems on a national scale.

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24 November 2008

Taurus Energy, SEKAB develop new biofuel

Swedish researchers at R&D company Taurus Energy, renewable fuel supplier SEKAB, Chalmers Technical University and the University of Lund have signed an agreement on the development and implementation of a new biotechnical process for production of ethanol.

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21 November 2008

Biomass company Green Energy Resources Wins New York wood recycling contract

US biomass company Green Energy Resources has won the contract for up to 100,000 tons of New York City's woodchips. The amount of the winning bid was not disclosed.

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20 November 2008

Canadian biomass energy developer Nexterra to install first gasification system

Nexterra Energy Corp. is to supply a biomass gasification system to Canadian paper tissue manufacturer Kruger Products for its tissue mill in New Westminster, British Columbia.

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18 November 2008

CompacTec doubles wood pellet production amid rising fuel costs

The German subsidiary of US-based Intrinergy, CompacTec, is doubling its wood pellet production capacity, due to the rising cost of fossil fuel prices.

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17 November 2008

Bankrolling biomassp

The past 12 months has seen a huge surge in interest in biomass in the UK. Growth has been spurred by the appetite of utilities and independent developers for a more diversified portfolio of renewable generating assets and by the need for waste generators to deal with their waste more effectively, according to this report from law firm Eversheds.

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17 November 2008

Global Green Power to invest $200m in biomass plants in the Philippines

British firm Global Green Power is to invest $200m in five biomass projects with a combined capacity of 87.5 MW in the Philippines, according to reports. The investment would be part of a total $1bn in renewable energy ventures Global Green Power hopes to pursue in the country.

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17 November 2008

PetroSun, Biomass Partners propose US algal biofuel programme

Diversified energy company PetroSun, Inc. , together with Biomass Partners, has bid to secure the rights of existing US catfish farm ponds to be converted to algae farm systems with a potential production rate of 160 million gallons of algal oil annually.

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15 November 2008

Where will biofuels and biomass feedstocks come from?p

When it comes to biofuels we have a few choices and options - we can do it poorly, with short-run approaches with no potential to scale, poor trajectory, and adverse environmental impact, or we can do it right - with sustainable, long-term solutions that can meet our biofuel needs and our environmental needs, writes Vinod Khosla.

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14 November 2008

PSEG sells stake in Italian biomass company Bioenergie for $70m

Energy company PSEG Global has sold its 85 per cent ownership share in Italian biomass generation company Bioenergie to Emmevu Green, an affiliate of its partner, for approximately €30m.

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13 November 2008

Covanta acquires two biomass energy plants for $52m

Renewable and waste energy developer Covanta Holding Corporation is to acquire two biomass energy facilities from co-owners Ridgewood Maine and Indeck Energy Services for approximately $52m.

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13 November 2008

Brazilian renewable energy company Vital Renewable Energy Company secures $1bn

Brazilian renewable energy company Vital Renewable Energy Company has secured funding from private investors in the US, Europe and the Middle East, and is ready to launch renewable energy projects in Brazil, focused mainly on ethanol and electricity generation. The funding, which will exceed $1bn, according to the company, was completed by an international consortium of investors led Paladin Capital Group.

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13 November 2008

DOE awards $1.75m grant to University of Rochester for biomass R&D

The US Department of Energy (DOE) has awarded a $1.75m grant to Professor David Wu of the University of Rochester, to investigate a way to turn waste biomass, such as grass clippings, cornstalks, and wood chips, into usable hydrogen or ethanol.

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