In Delaware, Future Market Insights reported the advanced biofuels market is poised for significant growth, with an estimated market size of $20.1 billion in 2025. This growth is expected to accelerate, reaching $45.8 billion by 2035, reflecting a CAGR of 8.6% from 2025 to 2035. “Ethanol is anticipated to have considerable growth in the advanced […]
In Singapore, Manifold Times reported that Liquid and gas storage and infrastructure solutions provider Vopak said Vopak Horizon Fujairah successfully completed its first ISCC Certified bio-bunkering supply operations in the United Arab Emirates (UAE). The operation involved the supply of B24 bunker fuel, a blend of 24% of FAME with Very Low Sulpur Fuel Oil, […]
In the UK, Baltic Exchange reported that it has introduced a series of green fuel options to its FuelEU voyage and compliance cost calculator as more shipowners, traders and charterers seek to understand the commercial implications of this regulation on their voyage costs. Biodiesel, bio-LNG, bio-LPG, green methanol, green hydrogen and green ammonia have all […]
In China, CGTN reported that a group of Chinese researchers has synthesized a novel bio-based polyester nanocomposite with impressive, comprehensive performance and reprocessability, according to a recent research article published in the journal Nano-Micro Letters. Renewable bio-based materials show promise in replacing traditional plastics, offering an eco-friendly solution to the global energy crisis and environmental […]
In India, Autocar Profesional reported that India Ratings and Research (Ind-Ra) has projected that achieving the government’s 5% biodiesel blending target by 2030 will require an investment of $287 million. The economic feasibility of this target depends on the development of a robust supply chain and government incentives, such as tax subsidies, to improve uptake […]
In Latvia, Latvenergo, Latvia’s national electricity company, and H2Pro, an Israeli innovator in green hydrogen production, have signed a Memorandum of Understanding (MoU) to explore the feasibility of deploying H2Pro’s breakthrough decoupled electrolysis technology in Latvia. In phase one of the agreement, Latvenergo and H2Pro will review the feasibility of piloting an electrolyzer in the […]
In Australia, Blue Economy reported that green hydrogen will be produced for the first time in Tasmania, following the launch of the Blue Economy CRC’s hydrogen production and research facility. The new facility will provide commercial-scale hydrogen for industry and transport applications. The facility features an innovative DC hydrogen microgrid, controlling one of Australia’s largest […]
In India, SolarQuarter reported that the European Commission has approved a $435.5 million Austrian State aid scheme and a $39.2 million Lithuanian State aid scheme to support the production of renewable hydrogen. The funding will be allocated through the European Hydrogen Bank’s “Auctions-as-a-Service” tool, with the auction set to close in 2025. The report noted […]
In Norway, Nel ASA has signed an EPC collaboration agreement that allows SAMSUNG E&A to offer its customers complete hydrogen plants of its own design using Nel’s electrolysers. In a separate transaction, SAMSUNG E&A will purchase 10% of newly issued Nel ASA shares through a direct placement, implying a post transaction ownership of 9.1%. As […]
In South Korea, Business Korea reported that Hyundai Motor Co. will establish its first domestic hydrogen fuel cell plant at its Ulsan factory. The company agreed to utilize the idle site of the front-wheel 6-speed automatic transmission and dual-clutch transmission (DCT) factory at the Ulsan plant for the new hydrogen fuel cell assembly plant, according […]
