BioAmber Inc. recently announced that its joint venture with Mitsui & Co. has achieved the final operational milestone set out in a CAD$20 million commercial loan that the joint venture drew down in 2015. BioAmber Sarnia demonstrated performance levels validating commercial operation, as defined in its loan agreement with Comerica Bank, Export Development Canada and Farm Credit Canada. The
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On Sept. 6, Tesoro Corp. announced an agreement under which it will acquire Virent Inc. and become the company’s new strategic owner. Virent said the acquisition will support the scale-up and commercialization of its BioForming technology for the production of low-carbon biofuels and chemicals. Virent’s BioForming technology converts sugars and other biomass-derived feedstocks into renewable gasoline
Everyone understands that fossil fuels emit carbon dioxide, which threatens the global climate. The introduction of biofuels under the “renewable fuel standard” has helped cut some of those emissions, with cleaner-burning ethanol replacing about 10 percent of the gasoline in the U.S. fuel mix. But the day-to-day threat facing many communities doesn’t come from carbon.
We have been banging on the EPA’s door for years for recognition that octane matters. It matters in terms of emissions, performance, fuel economy and cost. And now, with a global emphasis on lowering CO2 and GHG, octane matters even more. Read Dave VanderGriend’s editorial in Ethanol Producer Magazine here.
After a prolonged struggle between Democratic Party factions, the platform committee produced a statement of climate principles that its nominee could accept, and that its progressive activists could declare had at least moved the political needle in a greener direction. Read the story here.