In Vietnam, Aviation Source News reported that Vietjet and Novus Aviation Capital, a global aircraft leasing and financing platform based in the United Arab Emirates (UAE), have signed a partnership. This strategic collaboration aims to establish an innovative aircraft financing and leasing vehicle. Moreover, the partnership delves into the supply of SAF in Vietnam in […]
In Australia, Financial Review reported that Qantas has called on the federal government to consider mandates and subsidies for producers of sustainable aviation fuel to get a domestic industry off the ground. Andrew Parker, chief sustainability officer at Qantas, said zero emissions technology for commercial aviation, such as electric aircraft or green hydrogen, was still […]
In Ohio, GE Aerospace announced the completion of testing on its 10th engine model using 100% SAF since 2016. For example, in 2018, GE90 engines powered the first commercial airliner flight with 100% SAF in both engines on the Boeing ecoDemonstrator, a 777 freighter in partnership with FedEx Express. Then in 2021, LEAP-1B engines powered […]
In Malaysia, The Sun reported that biofuel feedstock supplier FatHopes Energy has signed a memorandum of understanding (MoU) with Dubai-based Lootah Biofuels LLC to supply sustainable aviation fuel to airlines flying out from Dubai International Airport. The collaboration between FatHopes Energy and Lootah Biofuels aims to explore the potential development of a SAF refinery that […]
In the Netherlands, Offshore Energy reported that Singapore-based Keppel Corporation, through its Infrastructure Division, and AM Green have signed a memorandum of understanding (MoU) to jointly explore opportunities to produce biogenic carbon-based sustainable fuels, such as bio and green methanol, second-generation (2G) ethanol and sustainable aviation fuel. Specifically, the two parties will jointly identify, evaluate […]
In New York, Sourcing Journal reported that Octarine Bio raised $4.6 million in an oversubscribed funding round that help the Danish synthetic biology firm scale its flagship products. The round was led by Óskare Capital, Unconventional Ventures, and The Footprint Firm, with participation from dsm-firmenich Venturing. The Copenhagen-based company’s microbially fermented colors offer sustainable alternatives […]
In Israel, UBQ Materials announced that Keter, a resin-based consumer goods company, is expanding its use of biobased, sustainable plastic substitute UBQ across multiple new product lines. The expansion will enable Keter to include Scope 3 emission reduction as part of its sustainability strategy and continue making progress towards its ESG goals. In addition to […]
In New York, Straits Research reported that the global waste-to-energy market is expected to reach an estimated value of $68.78 billion by 2031, up from 37.1 billion in 2022. The market is expected to expand at a CAGR of 7.10% during the forecast period (2023-2031). “Europe is the largest shareholder in the global waste-to-energy market […]
In Egypt, Daily News Egypt reported that Egypt’s Minister of Environment, Yasmine Fouad, held a meeting in a bid to revamp investments in waste-to-energy (WtE). Fouad met with representatives from the Ministries of Petroleum and Mineral Resources, and Electricity and Renewable Energy. Fouad said that the discussions reviewed all the initial indicators for amending some […]
In Egypt, Reuters reported that Egypt’s Suez Canal economic zone and Scatec ASA have signed a Memorandum of Understanding (MoU) worth $1.1 billion to supply ships with green fuel. The MoU agreed on the sidelines of the COP28 conference held in Dubai envisages production of 100,000 tons of green methanol per year by 2027, according […]
