Tag: Indiana

POET to reopen Cloverdale biorefinery in 2023

POET to reopen Cloverdale biorefinery in 2023

May 25, 2022 |

In Indiana, POET it will be reopening its bioprocessing facility in Cloverdale, Indiana, after federal and state policymakers took action to safeguard domestic markets for low-carbon biofuels. The facility will create 50 full-time local jobs and generate demand for 34 million bushels of corn from Indiana farmers annually. Restarting the Cloverdale facility will bring POET’s […]

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Purdue researcher links RFS to biofuels and agriculture in first-of-its-kind study

Purdue researcher links RFS to biofuels and agriculture in first-of-its-kind study

April 4, 2022 |

In Indiana, capturing the interactions between biofuels and agricultural industries and their connections with other economic activities was key to a first-of-its-kind study. “This is the first comprehensive examination of market factors and policies on the expansion of biofuels production in the U.S. to examine the economic impact of these individual drivers separately,” said Farzad Taheripour, […]

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Calumet closes $325M offering of 2027 senior unsecured notes

Calumet closes $325M offering of 2027 senior unsecured notes

January 24, 2022 |

In Indiana, Calumet Specialty Products Partners, L.P. announced the closing of the offering for $325 million 2027 senior unsecured notes. The Partnership intends to use the net proceeds from the Offering, along with cash on hand, to fund the previously announced redemption of all outstanding 7.75% Senior Notes due 2023 and pay related expenses. In […]

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Calumet closes $50M in financing for renewable hydrogen plant in Montana

Calumet closes $50M in financing for renewable hydrogen plant in Montana

January 10, 2022 |

In Indiana, Calumet Specialty Products Partners, L.P. announced that Montana Renewables LLC (“MRL”) has closed the previously announced $50 million of project financing from Stonebriar Commercial Finance LLC related to construction of the renewable hydrogen plant for Calumet’s renewable diesel business in Great Falls, Montana. Once complete, the renewable hydrogen plant will allow increased production […]

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Calumet spins off Montana renewable diesel projects into Montana Renewables

Calumet spins off Montana renewable diesel projects into Montana Renewables

November 22, 2021 |

In Indiana, Calumet Specialty Products Partners, L.P. announced a series of strategic transactions in connection with its Renewable Diesel business. The transactions establish Montana Renewables, LLC as an unrestricted pure-play renewables subsidiary of Calumet. MRL has closed on a $300 million convertible debt investment from funds managed by Oaktree Capital Management, L.P. MRL has also […]

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Chevron teams with Cummins on developing hydrogen

Chevron teams with Cummins on developing hydrogen

July 26, 2021 |

In Indiana, Chevron U.S.A. Inc., through its Chevron Products Company division (Chevron), and Cummins Inc. announced a memorandum of understanding (MOU) to explore a strategic alliance to develop commercially viable business opportunities in hydrogen and other alternative energy sources. The MOU provides the framework for Chevron and Cummins to initially collaborate on four main objectives: […]

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POET Bioprocessing – Alexandria begins making purified alcohol

POET Bioprocessing – Alexandria begins making purified alcohol

July 21, 2021 |

In Indiana, POET announced its further expansion into the production of all-natural, 100% plant-based purified alcohol, which exceeds the highest global quality standards for alcohol. POET Bioprocessing – Alexandria began production of purified alcohol this week after breaking ground in late 2020. The facility will produce purified alcohol which will include grain neutral spirits (GNS) […]

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Indiana governor vetoed bill that would have hindered E15

Indiana governor vetoed bill that would have hindered E15

April 28, 2021 |

In Indiana, Indiana Governor Holcomb vetoed SEA 303, legislation that would have stalled sales of homegrown biofuels by mandating confusing labels on E15 fuel dispensers and muddying key regulations on retailers seeking to offer the lower-cost blend. Growth Energy CEO Emily Skor issued the following statement applauding the governor’s veto: “We are deeply grateful to Governor Holcomb […]

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B20 Club of Indiana launched with four diesel fleets

B20 Club of Indiana launched with four diesel fleets

December 28, 2020 |

In Indiana, four diesel fleets in Indiana were recently inducted as inaugural members of the newly-formed B20 Club of Indiana, a collaboration between the Indiana Soybean Alliance and the American Lung Association© that showcases exceptional green fleets with experience using B20. The first of the four fleets includes The City of Fort Wayne. The City […]

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Indiana ethanol plants running at maximum 65% production capacity post-COVID

Indiana ethanol plants running at maximum 65% production capacity post-COVID

July 23, 2020 |

In Indiana, Hoosier Today reports ethanol plants in the state are currently running at between 60% and 65% production capacity as they ramp back up after the COVID-19 pandemic slashed demand. There are still a lot of questions regarding how demand will respond as pandemic restrictions ease but mills are erring on the side of […]

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