In Indiana, Cummins Inc. will expand PEM electrolyzer manufacturing capacity at its Oevel, Belgium, factory to 1 gigawatt (GW) with the support from the Important Project of Common European Interest (IPCEI) Hy2Tech program. IPCEI – recently approved by the European Commission, with funding granted by Flanders Innovation & Entrepreneurship Agency (VLAIO) – will help Cummins […]
In Indiana, the Chicago Tribune reports Fulcrum Bioenergy has received its air permit from the Indiana Department of Environmental Management for the company’s proposed $600 million Fulcrum Centerpoint waste-to-SAF facility near Gary in the Buffington Harbor area. The facility would use 530,000 tons of preprocessed nonhazardous organic and carbon-based household trash to produce 33 million […]
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 […]
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, […]
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 […]
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 […]
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 […]
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: […]
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) […]
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 […]
