California bioenergy projects get closer to USD 43.6m in grants

Jul 23, 2014 - The California Energy Commission is proposing to award total of USD 43.6 million (EUR 32.4m) in financing to support 11 renewable fuels and biomethane projects in the state, as announced on Friday.

The combined proposed grants for biodiesel projects amount to USD 19.1 million, followed by USD 15.5 million for biomethane and USD 9 million for biofuels that can replace gasoline. The funds are coming under the Alternative and Renewable Fuel and Vehicle Technology Program (ARFVTP).

The list of awards includes several USD-5-million grants for a Recology Inc anaerobic digester; for AltAir Fuels LLC’s commercial-scale biofuels plant; for Crimson Renewable Energy LP’s Bakersfield biodiesel plant expansion plan; and for UrbanX Renewables Group Inc’s efforts to upgrade an existing plant into a feedstock flexible and nitrogen oxides-neutral biodiesel refinery. The California Energy Commission is also planning to award USD 3 million to each of Aemetis Inc (NASDAQ:AMTX), Pacific Ethanol Development LLC, Calgren Renewable Fuels and the City of Napa for various bioenergy projects. Last but not least, Colony Energy Partners Tulare LLC may get USD 5 million too for the Colony Energy Organic Power System (CEOPS) and American Biodiesel Inc is expecting USD 4.2 million in financing to boost the efficiency for processing low carbon intensity biodiesel feedstocks at an existing plant.

The proposed projects will get the money only after they have been given the thumbs-up at a Business Meeting at the Energy Commission in Sacramento and following the signing of the grant agreement.

(USD 1 = EUR 0.743)

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