Twelve, Gevo, Axens, Comstock Fuels, Norsk E-Fuels, MOL, Alexion lead the headlines: The Digest’s newsbreakers & analysis
Today’s Top Story
• Advancement of Carbon Transformation: Twelve’s focus on transforming CO2 into valuable materials and fuels, such as E-Jet® sustainable aviation fuel (SAF), addresses critical needs for decarbonizing various sectors. This aligns with the increasing demand for SAF and other sustainable alternatives to fossil fuels.
• AirPlant Facility Development: The funding supports the development of Twelve’s AirPlant™ One facility, bringing the company closer to its goal of creating a fossil-free future by transforming captured CO2 into essential building blocks.
• Potential for Widespread Impact: Twelve’s technology has the potential to replace fossil fuels in manufacturing and create sustainable alternatives for transportation, consumer goods, and other sectors. This could drive significant change across supply chains, industries, and geographies.
• Market Confidence: The durable market for tax credits and other forms of project finance demonstrates the private sector’s enduring confidence that policy will remain supportive of reshoring domestic supply chains and ensuring sufficient power to meet growing demand.
The Gevo-Axens Deal
Gevo and Axens, the strategic rationale. They are working together in a strategic alliance to accelerate the development and commercialization of sustainable aviation fuel (SAF) using the ethanol-to-jet (ETJ) pathway. Their collaboration aims to leverage Axens’ Jetanol technology and Gevo’s ethanol-to-olefins (ETO) technology to create cost-effective SAF.
Here’s why they’re joining forces, accoring to Aileen, Aidan and the Digest AI team.
• Accelerated SAF Development and Commercialization: By combining their resources and expertise, Gevo and Axens aim to expedite the development and commercialization of sustainable aviation fuel (SAF) using the ethanol-to-jet (ETJ) pathway.
• Cost Reduction: The partnership focuses on reducing production and capital costs for drop-in hydrocarbon fuels, potentially making SAF competitive with fossil fuels. Gevo’s Chief Business Officer, Dr. Paul Bloom, stated that the partnership aims to combine industry expertise to further reduce costs and create SAF that is competitive with fossil fuels while capitalizing on the growing carbon market.
• Technological Advancement: The collaboration seeks to advance Gevo’s patented ethanol-to-olefins (ETO) technology, which can lead to process and cost improvements in SAF production.
• Job Creation and Economic Development: Gevo anticipates leading the deployment of its ETO technology in North America, which could bring high-quality jobs and economic development to rural America. Dr. Pat Gruber, CEO of Gevo, believes that reducing production costs and capital costs for drop-in hydrocarbon fuels and chemicals has the potential to create large numbers of jobs and spur rural economic development.
• Market Leadership and Global Reach: The partnership aims to solidify Gevo and Axens’ position as leaders in the ETJ space, with Gevo focusing on North America and Axens providing process licensing, catalyst, equipment, and engineering services globally.
• Decarbonization of Air Travel: By promoting the adoption of SAF, the partnership contributes to the decarbonization of the aviation industry. Axens’ CEO, Quentin Debuisschert, notes the “immense potential” of both companies to lead the future of air-travel decarbonization.
• Support for Renewable Agriculture: Creating market-based incentives for regenerative agriculture is a potential benefit
Elsewhere in Major news
Asia
• Comstock Fuels and Gresham’s Eastern Execute Agreements for Plants in Pakistan: Comstock Fuels Corporation granted Gresham’s Eastern, a sustainable energy company based in Pakistan, a license to develop and manage facilities using Comstock Fuels’ refining processes in Pakistan. Gresham’s plans to develop a commercial demonstration facility in Lahore, Pakistan, capable of processing 75,000 metric tons of biomass annually. This facility is intended to generate data for scaling up to a 1,000,000 metric tons per year commercial facility to meet the growing global demand for sustainable aviation fuel.
Middle East
Israel Innovation Authority Announces Investment in SAF Research: The Israel Innovation Authority announced a strategic investment of $28 million to drive research in Sustainable Aviation Fuel (SAF) and Intelligent Integrated Sensing and Communication (IISAC). This investment will fund research in SAF developed in collaboration with Boeing. The agency noted that these initiatives will bring together leading Israeli companies, academic institutions, and global partners to develop advanced sustainable aviation technologies and next-generation smart communication networks.
Europe
EU Imposes Definitive Duty on Biodiesel Imports from China: The EU Commission has implemented a definitive duty on biodiesel imports from China, with duties ranging from 10% to 35.6% of the CIF price, depending on the biofuel producer. This action aims to address price pressure in the EU market and suspected fraudulent imports. The Union zur Förderung von Oel- und Proteinpflanzen e.V. (UFOP) has welcomed this decision.
• Norsk e-Fuel Partners with Prime Capital and RES to Produce SAF in Sweden: Norsk e-Fuel, Prime Capital and RES will collaborate on “Project Alby” to produce a minimum of 80,000 tons of e-Fuel annually in North Sweden. The project will utilize the Power-to-Liquid process to create e-Kerosene.
• Verso Energy and City of Oulu sign co-operation agreement for e-SAF plant in Finland: Verso Energy intends to construct a plant with a yearly production capacity of 80,000 tons of e-SAF. The estimated value of the project is $1.46 billion, and it is expected to create 250 jobs.
• Alexion, DHL Express partner to switch to SAF in Ireland: Alexion, AstraZeneca Rare Disease, and DHL Express announced a partnership in a bid to reduce greenhouse gas emissions (GHG) from the air freight of highly specialized medicines manufactured in Ireland. Alexion is the first company in Ireland to sign up to a 100% switch from traditional aviation fuel to sustainable aviation fuel SAF.
• MOL Group Ready to Produce HVO, SAF at Bratislava Refinery in Slovakia: MOL Group has successfully produced diesel fuel containing Hydrotreated Vegetable Oil (HVO) and SAF at its Bratislava Refinery. The successful test confirms MOL Group is technologically ready for alternative synthetic fuels production.
Category: Fuels, SAF, Top Stories
