Biofuels
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Brazilian development bank BNDES has agreed to two loans to finance biogas assets located in the state of Sao Paulo in Brazil. -
Mammoth Energy Services subsidiary Cobra Acquisitions will transfer around $54.4 million of its outstanding receivables with the Puerto Rico Electric Power Authority (PREPA) to the SPCP Group for $46.3 million.
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Ares Management has acquired organic waste management and biogas company Burnham RNG (Burnham) from Edge Natural Resources.
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Brazilian development bank BNDES has approved a R$157 million ($32m) loan package to Bioo Holding for the development of a biomethane plant in Triunfo, Rio Grande do Sul state.
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US-based power plant owner and operator IHI Power Services Corporation (IPSC) has taken on Glenn McCombs as the company’s chief development officer, effective immediately.
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Renewable natural gas and biofuel producer São Martinho has signed an agreement to sell its biomethane to Compass Comercialização in Brazil.
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United Airlines has signed an offtake agreement to purchase up to 1 billion gallons of sustainable aviation fuel (SAF) from industrial biotech company Cemvita.
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Nodal Power, a landfill gas-to-energy developer, has raised $13 million in a seed round. Nodal Power will use the funding to build and operate multiple power plants in landfills, producing renewable electricity from methane gas.
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Brazilian development bank BNDES is dedicating an additional R$1.5 billion ($313 million) to support the biofuel sector in Brazil.
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BP's venture arm, BP ventures, invested $10 million into WasteFuel, a Los Angeles-based biofuels company, leading its Series B investment round.
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