Tag: Loan

Amyris secures $35 million bridge loan from existing investor

Amyris secures $35 million bridge loan from existing investor

October 9, 2013 |

In California, Amyris has secured a $35 million bridge loan at 5.5% interest from current investor Maxwell (Mauritius) Pte. The promissory note matures on February 2. The annual percentage rate is equivalent to 16.5% but should the company default on the note, the interest rate goes to 2% per month or 24% per year.

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BNDES gives Raizen $91 million for cellulosic ethanol plant

BNDES gives Raizen $91 million for cellulosic ethanol plant

September 16, 2013 |

In Brazil, the national development bank BNDES approved a $91 million loan for Raizen to build a second-generation ethanol plant. The 40 million liter-per-year, bagasse-to-ethanol plant is set to come online in 2015. It will be located in Piracicaba, southeastern Sao Paulo state.

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Lithuanian cardboard producer gets $4.2 million loan for biomass power

Lithuanian cardboard producer gets $4.2 million loan for biomass power

September 9, 2013 |

In Lithuania, SEB Bank has issued a loan of LTL11 million ($4.2 million) to Klaipedos Kartonas for the construction of a new 22.5 MW capacity boiler house that will enable the company to have an up to 100 per cent supply of green energy produced by burning wood waste bought by the company. At present, the […]

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