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Biofuels: wood chip on fire
Silicon Valley Bank and USDA have lent $91 million to biofuels producer Cool Planet to commercialise its technology.
Mustard seed
Agrisoma, a biofuels input company, has closed a Series A round led by Cycle Capital Management.
Thomas McNerney & Partners and Finistere Ventures participated in an $11m Series C funding for SGB, a California based biofuels company which uses harvested hybrid jatropha beans, shown in featured image .
German airline Lufthansa has been working on establishing a biofuel investment fund to help secure an alternative fuel supply for its jets. Here Joachim Buse, vice president, aviation at the German airline, describes the process so far.
The German airline is currently talking to three investment firms about taking on a GP role for the fund, which will invest into farmland and basic processing.
Zambia’s biofuels industry is gathering momentum as the country’s stability, access to resources and alternative fuel demand makes it an attractive investment destination, according to a local banker.
Sunbird Bioenergy Africa will operate a cassava-based biofuels project financed by two partners providing equity and debt financing.
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