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REPREVE RENEWABLES was chosen to provide the agricultural and business development services for the University of Iowa's Biomass Fuel Project. The Biomass Fuel Project aims to assess and improve the environmental aspects of new and existing biomass crops and fuels. REPREVE RENEWABLES' giant miscanthus, a perennial grass, will be used as fuel in the university's power plant.
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EnviraCarbon (ECI) commercialized a patented technology which molecularly alters renewable biomass feedstock into EnvirAnized Biofuel (EBF), a product that looks, transports, stores, pulverizes and burns like coal, but doesn’t pollute. EBF can be used interchangeably with coal or biomass and contains negligible amounts of sulfur and non-detectable levels of mercury, arsenic, and lead which are toxic elements in coal. EBF is also, by most standards, at or near carbon neutral.
Georgia Power added 53.5 MW of new biomass capacity to the company's generation portfolio. The addition of the biomass capacity is made possible through a 20-year purchase power agreement (PPA) with Rollcast Energy, under which Georgia Power will receive all generation output of the newly completed Piedmont Green Power plant, located in Barnesville, Ga.
Renewable M&A lives on despite death of Treasury cash grants.
The U.S. Treasury cash grants for new renewable power projects expired at the end of 2011. These incentives, which were implemented under Section 1603 of the American Recovery and Reinvestment Act of 2009, helped to support continued capacity additions throughout the recession. The impending expiration of these grants caused a wave of merger and acquisition (M&A) activity during 2011 as developers and financiers rushed to get deals done and to begin construction in order to meet the Section 1603, 5-percent safe harbor threshold by the Dec. 31, 2011 deadline.