Valero pumps $50m into wood-to-biofuel plant

James S Murray
clock

Mascoma set to begin work on new plant this year after securing fresh funding and purchasing agreement

The emerging market for second-generation biofuels received a major boost yesterday when one of the largest oil refiners in the US, Valero Energy Corporation, announced it will invest up to $50m in a proposed...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Biofuel

NAO: Government 'cannot currently demonstrate' whether biomass power plants are sustainable

NAO: Government 'cannot currently demonstrate' whether biomass power plants are sustainable

Auditor argues government must step up its evaluation of whether biomass generators are meeting sustainability criteria

Cecilia Keating
clock 24 January 2024 • 5 min read
ReFuels NV unveils plans for £120M IPO

ReFuels NV unveils plans for £120M IPO

European biomethane network intends to seek public listing next month as it looks to accelerate ambitious expansion plans

clock 28 April 2023 • 2 min read
CNG Fuels snaps up majority stake in RTFS to create new biomethane truck supplier

CNG Fuels snaps up majority stake in RTFS to create new biomethane truck supplier

Newly formed holding company ReFuels aims to ramp up renewable biomethane fuel production to support growing demand from heavy goods vehicle (HGV) operators

Stuart Stone
clock 05 April 2023 • 3 min read