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Saint Paul, MN, United States

Koch Industries, Inc. /ˈkoʊk/ is an American multinational corporation based in Wichita, Kansas, United States, with subsidiaries involved in manufacturing, trading and investments. Koch also owns Invista, Georgia-Pacific, Molex, Flint Hills Resources, Koch Pipeline, Koch Fertilizer, Koch Minerals and Matador Cattle Company. Koch companies are involved in core industries such as the manufacturing, refining and distribution of petroleum, chemicals, energy, fiber, intermediates and polymers, minerals, fertilizers, pulp and paper, chemical technology equipment, ranching, finance, commodities trading, as well as other ventures and investments. The firm employs 50,000 people in the United States and another 20,000 in 59 other countries.In 2013, Forbes called it the second largest privately held company in the United States , with an annual revenue of $115 billion, down from the largest in 2006. If Koch Industries were a public company in 2013, it would have ranked 17 in the Fortune 500.Fred C. Koch, after whom Koch Industries, Inc. is named, co-founded the company in 1940 and developed an innovative crude oil refining process. His sons, Charles Koch, chairman of the board and chief executive officer, and David H. Koch, executive vice president, are principal owners of the company after they bought out their brothers, Frederick and William "Bill" Koch, for $1.1 billion in 1983. Charles and David H. Koch each own 42% of Koch Industries. Charles has stated that the company would go public "over my dead body". Wikipedia.


Patent
Flint Hills Resources | Date: 2013-12-04

Processes and methods of recovering desired products from fermentation stillage are presented, including processes and methods of recovering lipids and aqueous materials.


News Article | January 20, 2016
Site: http://www.theenergycollective.com/rss/all

Lithium accounts for only about 5% of the materials in some car batteries, and for less than 10% of their cost. Worldwide sales of lithium salts are only about $1 billion a year. But the element is a vital component of batteries that power everything from cars to smartphones, laptops and power tools. With demand for such high-density energy storage set to surge as vehicles become greener and electricity becomes cleaner, Goldman Sachs, an investment bank, calls lithium “the new gasoline.” The Independent: UK Renewables Industry Is About to Fall Off a Cliff Britain’s renewable energy industry is about to “fall off a cliff” just at the point it would come into its own, analysis for The Independent reveals. The dour forecast comes as the industry celebrated a record-breaking year in 2015, with billions of pounds poured into solar and wind energy and more homes powered by nature than ever before. But experts have warned this is all about to grind to a halt as the Government abandons its commitment to green energy and instead invests in fracking and nuclear power. Oil is so plentiful and cheap in the U.S. that at least one buyer says it would pay almost nothing to take a certain type of low-quality crude. Flint Hills Resources LLC, the refining arm of billionaire brothers Charles and David Koch’s industrial empire, said it offered to pay $1.50 a barrel Friday for North Dakota Sour, a high-sulfur grade of crude, according to a corrected list of prices posted on its website Monday. It had previously posted a price of -$0.50. The crude is down from $13.50 a barrel a year ago and $47.60 in January 2014. China is working on a floating nuclear power plant that could sail to specific sites and anchor offshore to produce power for various needs. China General Nuclear expects to complete construction of this small modular offshore multi-purpose reactor by 2020, and demonstrate its utility for a variety of purposes. Construction of the first floating reactor is expected to start next year with electricity generation to begin in 2020. The National Bank of Abu Dhabi has made a US$10 billion, 10-year pledge to finance renewable energy and other sustainable business activities. The bank said it would lend, invest and facilitate US$10 billion of financing in environmentally sustainable projects in the so-called West-East corridor, which stretches from Africa, through the Middle East to Asia. Last year the bank published a report with Cambridge University and consultancy PwC, ‘Financing the Future of Energy’, which identified a massive US$48 trillion funding gap over the next 20 years to meet global energy demand. Renewables accounts for over half of this figure, the report said.


News Article | January 20, 2016
Site: http://www.theenergycollective.com/rss/all

Lithium accounts for only about 5% of the materials in some car batteries, and for less than 10% of their cost. Worldwide sales of lithium salts are only about $1 billion a year. But the element is a vital component of batteries that power everything from cars to smartphones, laptops and power tools. With demand for such high-density energy storage set to surge as vehicles become greener and electricity becomes cleaner, Goldman Sachs, an investment bank, calls lithium “the new gasoline.” The Independent: UK Renewables Industry Is About to Fall Off a Cliff Britain’s renewable energy industry is about to “fall off a cliff” just at the point it would come into its own, analysis for The Independent reveals. The dour forecast comes as the industry celebrated a record-breaking year in 2015, with billions of pounds poured into solar and wind energy and more homes powered by nature than ever before. But experts have warned this is all about to grind to a halt as the Government abandons its commitment to green energy and instead invests in fracking and nuclear power. Oil is so plentiful and cheap in the U.S. that at least one buyer says it would pay almost nothing to take a certain type of low-quality crude. Flint Hills Resources LLC, the refining arm of billionaire brothers Charles and David Koch’s industrial empire, said it offered to pay $1.50 a barrel Friday for North Dakota Sour, a high-sulfur grade of crude, according to a corrected list of prices posted on its website Monday. It had previously posted a price of -$0.50. The crude is down from $13.50 a barrel a year ago and $47.60 in January 2014. China is working on a floating nuclear power plant that could sail to specific sites and anchor offshore to produce power for various needs. China General Nuclear expects to complete construction of this small modular offshore multi-purpose reactor by 2020, and demonstrate its utility for a variety of purposes. Construction of the first floating reactor is expected to start next year with electricity generation to begin in 2020. The National Bank of Abu Dhabi has made a US$10 billion, 10-year pledge to finance renewable energy and other sustainable business activities. The bank said it would lend, invest and facilitate US$10 billion of financing in environmentally sustainable projects in the so-called West-East corridor, which stretches from Africa, through the Middle East to Asia. Last year the bank published a report with Cambridge University and consultancy PwC, ‘Financing the Future of Energy’, which identified a massive US$48 trillion funding gap over the next 20 years to meet global energy demand. Renewables accounts for over half of this figure, the report said.


News Article | January 21, 2015
Site: agfundernews.com

Despite oil prices below $50, it looks like there’s still life in cleantech investing. Edeniq, a biorefining and cellulosic technology company, has announced they they’ve raised over $16 million in an equity funding (Looks to be a Series D) from I2BF Global Ventures, DFJ, Angeleno Group, and Flint Hills Resources, and participation from previous investors, The Westly Group, Cyrus Capital, and Nimes Capital. Edeniq has raised $107.7M in debt and equity financing since 2008. Investors in previous rounds  also include Kleiner Perkins, Northgate Capital, and Morgan Stanley. Edeniq provides develops next generation cellulosic technologies which use mechanical and biological processes to drive efficiencies. “I2BF believes Edeniq’s technologies are helping to solve the industry-wide shortage of low-cost, sustainable fuels and chemicals.” The equity investment was led by I2BF Global Ventures, an existing investor; Draper Fisher Jurvetson, Angeleno Group, Flint Hills Resources Renewables,  also continued to support Edeniq. “Edeniq has a proven track record with customers and is now poised to roll out new products and expand into new markets,” said Alexander Nevinskiy, Partner at I2BF and newly appointed member of Edeniq’s board of directors. “I2BF believes Edeniq’s technologies are helping to solve the industry-wide shortage of low-cost, sustainable fuels and chemicals.” The company reports that proceeds will help support the roll-out of Edeniq’s PATHWAY Platform, which increases ethanol yield at existing plants by three to six percent through a more complete conversion of starch and cellulosic corn kernel fiber into ethanol. Edeniq’s technologies efficiently break down biomass to liberate cellulosic sugars that can be converted into ethanol, chemicals, and other products. Edeniq owns and operates a fully integrated two ton per day pilot plant in Visalia, California, which is currently in operation converting cellulosic feedstock into low-cost cellulosic sugars. Edeniq and Usina Vale are currently constructing a 20 ton per day demonstration plant to produce cellulosic sugars from sugarcane bagasse, the fibrous by-product of sugarcane juice extraction. The plant is co-located with Usina Vale’s ethanol and sugar production suite in Sao Paulo State, Brazil. “Edeniq is committed to delivering low capital, highly operable solutions to biofuel and biochemical producers,” said Brian Thome, President and CEO, Edeniq. “The investments by these prestigious organizations allow Edeniq to accelerate the PATHWAY™ Platform expansion in the U.S. and continue to build valuable partnerships abroad.” Edeniq recently announced the company has entered a partnership with Global Bio-chem. The two companies plan to integrate their technologies in a commercial demonstration plant at Global Bio-chem’s facility in the Jilin Province of China. Construction has been initiated on the plant, with a target to produce 50,000 metric tons per year of sugars from corn stover.


(http://www.researchandmarkets.com/research/m4txhn/global_benzene) has announced the addition of the "Global Benzene Market 2015-2019" report to their offering. The Global Benzene market to grow at a CAGR of 4.68% over the period 2014-2019 Benzene is a hydrocarbon that contains six carbon and six hydrogen atoms. Benzene is one of the constituents of crude oil. Its chemical structure is cyclic with atoms joined by continuous pi-bonds. It is a colourless, highly flammable liquid with a sweet odour. It is primarily used as a precursor to heavy chemicals such as ethylbenzene and cumene. It is an important additive to gasoline as its high octane number improves the anti-knocking characteristics of gasoline. Carcinogenity of benzene is the primary reason for it not being used for non-industrial purposes. The rise of China as the leading market for benzene is a major trend in the Global Benzene market. As a result of the increased economic and industrial developments in China, the per capita income of the Chinese population has increased in recent years. The consumption of various major intermediates of benzene such as ethylbenzene, cumene, and cyclohexane has also increased. According to the report, increased demand for paraxylene, ethylene, and gasoline is the major factor contributing to the growth of the market. Benzene is a by-product of refinery and steam cracker operations for the production of ethylene and paraxylene. Hence, the supply of benzene is directly dependent on the demand for paraxylene, ethylene, and gasoline. Further, the report states that volatility in crude oil prices affects the profitability of benzene producers as benzene prices are directly related to international crude oil prices. Several other chemicals are also manufactured using benzene, including:

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