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Montreal’s Enerkem Scores Investment From Valero

Enerkem, the Canadian waste-to-biofuels company, has closed C$59 million ($60.9 million) in financing. The group of investors, led by U.S.-based refiner Valero Energy, put up the money to support the development and construction of biofuel refineries in the southeastern United States.

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Valero Commits $50M To Mich. Cellulosic Refiner

U.S. refiner Valero has agreed to invest up to $50 million in a Michigan plant set to produce ethanol from wood-waste.

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In and around the green

Valero buys ethanol plants for $477 million (San Antonio Business Journal) Solar energy giants discovering Ontario (The Toronto Star) Clean tech firms switch to survival mode, eye stimulus package (DowJones News via CNNMoney.com) Green Volts delays its 2MW solar field (GreenTechMedia.com) Elkhorn Ridge wind farm begins operations in Nebraska (EnergyCurrent.com) Danish ATP pension fund makes…

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Refiners concerned by Obama’s energy plan

The Obama plan to cut U.S. oil consumption, by favoring biofuel like ethanol, could push a number of refiners to go bankrupt, industry groups warn. Refiners are already feeling the pain from the slowing economy. Just yesterday, Valero, one of the country�s largest refiners, announced it was closing an entire refinery for the quarter because…

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