In Luxembourg, Courthouse News reports the General Court of the European Union has upheld the European Commission’s $56 million fine against Swedish agricultural cooperative Lantmännen for trade practices that distorted the European ethanol market by participating in a price fixing cartel. Lantmännen claimed the staggered investigation process used by the European Commission was unfair because […]
In Luxembourg, the European Investment Bank (EIB) has approved a loan of up to €264 million to Snam, with the aim of facilitating the integration of biomethane production plants into Italy’s energy infrastructure and promoting the transition to a more sustainable and diversified energy system. This financing will enable the construction of 240 kilometres of […]
In Luxembourg, Luxaviation Group is exploring an active role in Haffner Energy’s SAF Zero. Luxaviation potential involvement could take the form of cash funding to finance initial development activities, support in the strategic definition and global visibility as well as offtake agreements in relevant SAF Zero projects such as Paris-Vatry SAF. SAF Zero is dedicated […]
In Luxembourg, molecular agriculture company Moolec Science SA and Bioceres Group Limited have announced an all-stock, business combination agreement. Subject to the terms and conditions of the BCA, several parties will transfer their respective holdings in Bioceres Group, Nutrecon LLC, and Gentle Technologies Corp, resulting in an enlarged corporate structure with Moolec as the parent […]
In Luxembourg, leaders of the U.S. ethanol and sustainable aviation fuel (SAF) industry expressed disappointment in Tuesday’s decision by the General Court of the European Union to dismiss a challenge against the ReFuelEU Aviation regulations brought by European biofuel producers. The court ruled that ePURE and Pannonia Bio did not have a legal right to bring […]
In Luxembourg, European Public Prosecutor’s Office (EPPO) in Rotterdam (Netherlands) has arrested two suspects for their role in a customs fraud scheme involving biodiesel imports, with an estimated damage of over €60 million. They allegedly imported biodiesel of US origin into the EU while falsely declaring its origin. The two suspects had been in pre-trial […]
In Luxembourg, European Investment Bank (EIB) and Breakthrough Energy Catalyst are providing a €70 million funding package through the EU-Catalyst Partnership to INERATEC, a Germany based e-fuel company. The EIB is providing a €40 million venture-debt-loan, backed by the EU`s InvestEU-program, while Breakthrough Energy Catalyst is awarding a grant of €30 million. The package will […]
In Luxembourg, the European Investment Bank (EIB) is teaming up with private investors to support the development of innovative electrolysis technologies needed for Europe`s green transition. With the Germany-based Sunfire, the EU-Bank has signed a first agreement worth up to €100 million to advance Sunfire’s solid oxide electrolysers towards serial production. The EIB`s investment is […]
In Luxembourg, Nexa Resources has entered into an agreement to acquire 10,000 tons of bio-oil from Aperam BioEnergia in order to gradually replace the use of fossil fuels in the production of zinc oxide at the Três Marias (MG) metallurgical unit. Recovered and processed as a co-product from the production of charcoal from Aperam BioEnergia’s […]
