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USDA publishes final rules on biobased products

Eagle Valley Eco Fuel Inc.

June 16, 2015

BY Erin Voegele

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Enviva: Court approves $500 million DIP financing

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Enviva Inc. on March 15 announced that the U.S. Bankruptcy Court for the Eastern District of Virginia has approved its previously announced $500 million debtor-in-possession (DIP) financing related to its Chapter 11 bankruptcy filing.

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New Energy Blue on March 18 announced the formation of New Energy Chemicals. In phase one, the biochemical subsidiary will produce biobased ethylene for use in Dow’s renewable plastics. In phase two, the subsidiary will expand to SAF production.

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The U.S. Department of Commerce’s International Trade Administration has announced the Renewable Energy and Energy Efficiency Advisory Committee will hold a virtual meeting on March 21.

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U.S. wood pellet producer Enviva Inc. on March 12 filed a voluntary Chapter 11 bankruptcy petition with the U.S. Bankruptcy Court for the Eastern District of Virginia in hopes of restructuring its approximately $1 billion in debt.

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Renewables are currently expected to account for 24% of U.S. electricity generation in 2024, increasing to 25% in 2025, according to the U.S. Energy Information Administration’s latest Short-Term Energy Outlook, released March 12.

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