Biofuels continue to get significant investor attention, with two recent funding completions:
- DynaMotive completed a $5M raise originally announced in December. The company uses proprietary pyrolysis technology to transform agricultural and forestry waste into BioOil. They recently announced licensing agreements to open two plants in eastern Europe.
- ASAlliances BioFuels announced they have raised $148M in equity and sub debt to help financing the construction of three ethanol plants in the midwest. The funding consisted of $94M of equity and $54M of mezz sub debt, provided by American Capital Strategies, Laminar Direct Capital, US Renewables Group and Midwest First Financial.