Oil giant BP backs CoolPlanet BioFuels

Oil giant BP has invested in biofuel startup CoolPlanet BioFuels, according to an announcement on Thursday. CoolPlanet BioFuels is the biofuel startup you have never heard of but that has unusually famous investors like GE, Google, NRG Energy and ConocoPhillips.

Feds offer $105M loan guarantee for “Project Liberty” biofuel plant

Poet’s so-called “Project Liberty” biofuel plant, which will use corn waste instead of edible corn, is getting some support from the U.S. government. On Thursday, the Department of Energy announced it will offer Poet a $105 million loan guarantee to build out Project Liberty in Iowa.

Despite IPOs, Next-Gen Biofuels Still Creeping Forward in 2011

Despite a series of successful biofuel IPOs recently, and a number of biofuel IPOs in the pipeline, the production of next-gen biofuels, in any kind of volumes that would make a dent in the transportation sector, seems to be creeping, very slowly forward.

Report: Range Fuels to Shut Down Plant

More bad news about cellulosic biofuel maker Range Fuels. The financially-strapped company reportedly plans to shut down its plant in Georgia after making just one batch of ethanol. It needs to more raise more money and tackle technical problems at its first commercial plant.

Cello Energy Finally Out of EPA ’11 Projection After Bankruptcy

Cello Energy, the beleaguered infamous biofuel company that’s been hit with fraud allegations, has finally dropped off of the Environmental Protection Agency’s (EPA) list of potential cellulosic ethanol suppliers for 2011. I seriously can’t believe the company was on the list for so long.