Because CO2 is a fully oxidized molecule without energy, large amounts of electricity are needed to upgrade the molecule. / PHOTO: STOCK
July 18, 2023
BY Katie Schroeder
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Gevo Inc. on Sept. 12 announced it has entered into a definitive agreement to acquire the ethanol production plant and CCS assets of Red Trail Energy LLC for $210 million. Gevo plans to add net-zero SAF production capacity to the site.
NewEnergyBlue, the clean-technology designer of biomass refineries that turn agricultural waste into highly decarbonized biofuels and biochemicals, has finalized its purchase of Inbicon biomass-conversion technology from Ørsted.
European Union ethanol biorefineries produced more food and animal feed than fuel in 2023, according to audited data released on Sept. 5 by ePURE, the European renewable ethanol association.
Blue Biofuels Inc. has been awarded a $1.15 million Phase 2 Small Business Innovation Research grant from the U.S. Department of Energy. The funding will support the final stages of scaling the company’s patented cellulose-to-sugar (CTS) process.
The U.S. exported 135.99 million gallons of ethanol and 1.09 million metric tons of distillers grains in July, according to data released by the USDA FAS on Sept. 4. Exports of both products were up when compared to July 2023.