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Cool Planet closes on $100 million series D financing

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By Chris Hanson

March 31, 2014

Advanced Biofuels 

Colorado-based Cool Planet Energy Systems finished its fourth financing round, meeting the $100 million objective. The lead investors during the round were North Bridge Venture Partners and Concord Energy.

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Produced by BBI International, the agenda for the 30th annual International Fuel Ethanol Workshop & Expo includes more than 140 speakers and four highly informative track sessions.

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Waste-to-energy firm Fiberight LLC is beginning construction of its waste processing facility in Marion, Iowa. "We are now building," said Craig Stuart-Paul, chief executive of the company, noting that workers are scheduled to be onsite April 7.

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Israel-based Evogene Ltd. has released its 2013 financial results, signed an agreement for the commercial production of castor beans in Brazil and announced enhanced capabilities for gene stacking prediction.

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EurObserv'ER has released the 2013 edition of its annual renewable energy report, which determined that final energy consumption from renewable resources, including biofuels and biomass, increased significantly in 2012.

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This week, Blue Sun Energy, ARA Inc. and Chevron Lummus Global achieved a key development milestone with their 100 barrel per day (4,200 gallon per day) demonstration-scale Biofuels Isoconversion (BIC) facility in St. Joseph, Mo.

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More than 1,100 attendees at the 2014 International Biomass Conference and Expo in Orlando, Fla., March 24-26 came from 41 counties, 48 states and eight Canadian provinces to learn more about the growing biomass-to-energy sector.

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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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Dyadic International Inc. was issued a new patent for enzyme composition and development to convert plant biomass into fermentable sugars. The patent broadens Dyadic's advanced biofuel and biobased material portfolio.

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Michael McAdams, Jason Quinn , Susan Hager and Graham Noyes work under the same advanced biofuel and chemical umbrella, but all have different motivators and visions for the future.

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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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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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Waste Management Inc., Ventech Engineers International LLC, NRG Energy Inc. and Velocys plc have formed a joint venture to produce renewable fuels and chemicals from biogas and natural gas using smaller-scale gas-to-liquids (GTL) technology.

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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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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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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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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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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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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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On March 17, KiOR Inc. filed its 2013 annual report with the U.S. Securities and Exchange Commission, reporting doubts about its ability to continue operations. The company also announced it has idled its Columbus, Miss., plant.

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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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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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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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