The company has already received investment term sheets for the construction CAPEX of the project, from multiple qualified investors eager to participate in the project's funding needs. As a result, final development funding is expected to close soon.
(Source: Northwest Advanced Bio-Fuels, PR, 16 Nov., 2020) Contact: Northwest Advanced Bio-Fuels Washington State project, David P. Smoot, Chris Whitworth, 602-753-8386, www.nwabiofuels.com,www.nwabiofuels.com/our-solution
More Low-Carbon Energy News Northwest Advanced Bio-Fuels, SAF, Aviation Biofuel,
Gevo is looking for financing to expand its production capabilities to supply its renewable jet fuel and isooctane pursuant to Gevo's "take or pay" contracts with Delta Air Lines, Inc. and HCS Group GmbH.. (Source: GEVO, PR, 2 April, 2020)Contact: Citigroup Global Markets Inc., www.citibank.com/mss/solutions/citi-futures/global-markets-inc; GEVO, Patrick Gruber, CEO, 303-858-8358, firstname.lastname@example.org, www.gevo.com
More Low-Carbon Energy News Gevo, GEVO, Jet Fuel, Aviation Biofuel, SAF,
As previously reported,
Delta Air Lines, in partnership with NWABF, is investing $2 million to assess the biofuel refinery project's feasibility.
Additionally, the USDA National Institute of Food and Agriculture funded NARA with $39.5 million over 5-years. (Source: Northwest Advanced Bio-Fuels, LLC (NWABF), Washington State Univ. Evergreen, 3 Oct., 2019) Contact: Washington State University, NARA, Ralph Cavalieri, (509) 335-5581, email@example.com,
www.nararenewables.org; Northwest Advanced Bio-Fuels, LLC
Chris Whitworth,Dir. Project Dev., www.facebook.com/NWABiofuels; Gevo, Patrick Gruber, CEO, 303-858-8358, firstname.lastname@example.org, www.gevo.com
More Low-Carbon Energy News GEVO, Aviation Biofuel, Woody Biomass,
The facility would utilize forestry waste and wood "slash" to produce sustainable fuels. The result would qualify under an approved carbon-reducing pathway recognized by the American Society of Testing and Materials.
Delta expects the study to be completed by the middle of 2020, at which time it will "evaluate the next steps in moving forward with the project's development" with the expectation that the project would be in production by the end of 2023. Biofuels produced at the facility could provide around 10 pct of the airline's annual jet fuel consumption in the West Coast region.
As previously reported, Delta operated its first carbon-neutral delivery flight, using biofuels on a new A321. The airline also purchases offsets for domestic flights into and out of seven high-traffic airports. (Source: Delta, Air Travel, Sept., 2019) Contact: Delta, Graeme Burnett, VP Fuel Management, www.delta.com; Northwest Advanced Bio-fuels,
Dave Smoot, www.nifa.usda.gov
More Low-Carbon Energy News Woody Biomass, Biofuel, Aviation Biofuel, Delta Air Lines,