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Castlerock Green Energy announces investment by Nexus Development Capital

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By CastleRock Green Energy

August 09, 2024

Advanced Biofuels Business 

Castlerock Green Energy LLC has announced the receipt of an investment of approximately $9 million by Nexus Development Capital LLC into Castlerock Biofuels LLC, a joint venture company led by CGE and Ensyn Corp.

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Greenlane Renewables Inc. on Aug. 6 announced that its wholly owned subsidiary Airdep S.r.l. has signed a multi-unit purchase agreement with a repeat customer in Europe valued at €1.3M million ($2 million) for biogas desulfurization equipment.

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Gevo Inc. on Aug. 9 released a new report by Charles River Associates demonstrating the benefits of sustainable aviation fuel (SAF) production, including at Gevo’s planned Net-Zero 1 (NZ1) alcohol-to-jet (ATJ) SAF facility in South Dakota.

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A subsidiary of Anaergia Inc. has entered into a technology supply contract with the City of Riverside, California, to upgrade anaerobic digestion wastewater infrastructure at the Riverside Water Quality Control Plant to produce RNG.

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DG Fuels has selected Phelps County, Nebraska, for its first Midwest production facility. The plant will produce 193 MMgy of SAF that meets ASTM fuel standards. Production is expected to begin in 2030.

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KBR announced on Aug. 6 that Avina Clean Hydrogen Inc. has selected the sustainable aviation fuel technology, PureSAF, for its project in the US. Developed by Swedish Biofuels, PureSAF technology is exclusively licensed by KBR worldwide.

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Imperial Oil Ltd. on Aug. 2 confirmed that construction continues to advance on the renewable diesel project under development at its Strathcona refinery near Edmonton, Alberta. The project’s main reactor was installed during Q2.

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MAIRE has announced that NEXTCHEM (Sustainable Technology Solutions) was been awarded a feasibility study along with PT Tripatra Engineers and Constructors for a sustainable aviation fuel (SAF) project located in Sei Mangkei, Indonesia.

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Aemetis Inc., a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products that replace fossil fuels, on Aug. 1 announced Q2 2024 revenues were up 48% when compared to the same period of 2023.

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Gunvor Group has announced it will partner with VARO Energy to build a large-scale biorefinery at the Gunvor Energy Rotterdam site that will be capable of producing sustainable aviation fuel (SAF) and renewable diesel.

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PETRONAS, Enilive and Euglena have reached the final investment decision to develop a biorefinery in Malaysia that will produce SAF and renewable diesel. The project is expected to be operational by the second half of 2028.

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Cemvita, a climate tech company producing sustainable oil from waste, has unlocked new efficient technologies that allow for the production of up to 500 barrels per day of sustainable oil from its first commercial plant.

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Operable U.S. biofuel capacity expanded in May, with gains for ethanol, biodiesel and renewable diesel, according to data released by the U.S. Energy Information Administration on July 31. Feedstock consumption was down.

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PBF Energy Inc. on Aug. 1 announced that its St. Bernard Renewables facility produced approximately 16,500 barrels per day of renewable diesel during the Q2 2024. Like many renewable diesel producers, the company is also considering a pivot to SAF.

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Sens. Sherrod Brown, D-Ohio, and Roger Marshall, R-Kan., and 13 of their colleagues are urging Treasury Secretary Janet Yellen to restrict the 45Z Clean Fuel Production Credit to fuels made from domestic feedstocks.

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Verbio has commenced the commercial production of corn-based ethanol at its 60 MMgy biorefinery facility in Nevada, Iowa. The facility also has the capacity to produce 2.3 million MMbtu of RNG.

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Nexus Development Capital LLC has announced an investment of approximately $9 million in Castlerock Biofuels LLC, a joint venture company led by Ensyn Corp. and Castlerock Green Energy LLC.

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Boeing and Clear Sky are joining forces to accelerate sustainability solutions for aviation. As an initial project, the companies will help in testing and advancing Firefly Green Fuels’ cutting-edge technology to increase SAF production in the U.K.

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Recent studies by Iowa State University researchers explore the economic feasibility of grass-to-RNG production in different settings and from varying perspectives. The analysis helps flesh out the system’s win-win potential.

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Neste and HELLENiQ ENERGY, one of Southeast Europe's leading energy groups, have collaborated to deliver blended Neste MY Sustainable Aviation Fuel to HELLENiQ ENERGY’s facilities in Thessaloniki, Greece.

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Clean Energy Fuels Corp. has announced the opening of its latest renewable natural gas (RNG) fueling station in Davenport, Florida. The site is now providing RNG to heavy-duty trucking and other fleets operating busy routes.

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Green Impact Partners Inc. has finalized the carbon credit pathways under the Alberta Technology Innovation and Emissions Reduction program for its flagship project, the Future Energy Park, to be located in Calgary, Alberta.

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United on July 31 became airline to purchase SAF for use at O'Hare International Airport (ORD) and Gov. JB Pritzker joined the airline's leadership at ORD to highlight the role that Illinois' SAF tax credits played in bringing SAF to the facility.

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JetBlue and World Fuel Services, a World Kinect company, on July 31 announced a new commercial agreement to bring the first regular supply of blended SAF, provided by Valero Marketing and Supply Co. to JFK Airport as early as Q4 2024.

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Airbus, the Air France-KLM Group, Associated Energy Group, LLC, BNP Paribas, Burnham Sterling, Mitsubishi HC Capital Inc. and Qantas Airways Limited co-invested in a SAF financing fund to accelerate the production of SAF.

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CVR Energy Inc. on July 29 reported that the renewable diesel unit at its Wynnewood refinery in Oklahoma processed nearly 12 million gallons of feedstock during Q2. The company continues to consider a pivot to SAF production.

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Hyliion Holdings Corp. on June 29 announced the signing of a non-binding letter of intent (LOI) with U.S. Energy to will place a 200kW KARNO generator at a U.S. Energy RNG fueling station to ensure reliable and efficient power at the site.

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International Airlines Group has reached an agreement with the multi-energy company Repsol for the purchase and supply during the next six months of more than 28,000 metric tons of sustainable aviation fuel (SAF).

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Neste Corp. on July 25 released second quarter results, reporting that operational performance at the company’s facilities was solid during the three-month period despite a very challenging market environment for renewables.

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Valero Energy Corp. released Q2 financial results on July 25, reporting strong performance for both its ethanol and renewable diesel segments. The company’s SAF project in Texas remains on track to begin operations later this year.

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