In India, Orion Market Research reported that the global SAF market is expected to expand at a CAGR of 48.5% during the 2023-2029 period. “The growing demand for greener and cleaner fuels along with cohesive government policies has driven the growth of the global sustainable aviation fuel market. SAF is a biofuel used to power […]
In France, Airbus said it has become a strategic partner with DG Fuels, a producer of sustainable aviation fuel. Airbus CEO Guillaume Faury, said: “The partnership with DG Fuels supports the emergence of a new technological pathway allowing for the production of SAFs from a broader range of waste and residue sources, first in the […]
In Germany, Bloomberg reported that the CEO of German airline Lufthansa, Carsten Spohr told German car makers that airlines will need all of the world’s synthetic aviation fuel, meaning there won’t be any left for cars. The executive said that sustainable aviation fuels offer the only workable path to decarbonizing air travel, though supplies are […]
In India, Data Bridge Market Research reported that the sustainable aviation fuel market in Asia Pacific is expected to reach a value of $1.95 billion by 2029, The market is expected to grow at a CAGR of 42.1% during the 2022-2029 period. “China dominates the Asia-Pacific sustainable aviation fuel market. The demand in this region […]
In India, Zee Business reported that BCL Industries, one of the largest grain-based manufacturers of Extra Neutral Alcohol (ENA) and ethanol in India, has announced plans to expand the capacity of its distilleries to meet the rising demand. The company said it plans to expand the capacity of its distilleries to 850 KLPD. The report […]
In New Jersey, A.P. Moller – Maersk and Amazon have finalized a 2023-2024 agreement for the transport of 20,000 FFE containers using green biofuel through Maersk’s “ECO Delivery” ocean product offering. Maersk estimates this purchase will contribute to a reduction in 44,600 metric tons of CO2e compared to standard bunker fuel, roughly equivalent to 50 […]
In South Korea, CARBONCO, a company specializing in decarbonization solutions said it will engage in the Jeju Island Green Methanol Production Project. CARBONCO announced that it has signed an agreement with Jeju Energy Corporation, Gaoncell, and ThyssenKrupp to produce e-methanol using environmentally favorable energy sources. Under the agreement, Jeju Energy Corporation will supply renewable energy […]
In New York, Spherical Insights reported that the global waste-to-energy market is expected to grow from $ 35.52 billion in 2022 to $ 66.05 billion by 2032. The market is forecast to expand at a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period, according to the study. Based on the technology, the […]
In New York, Chemicals Engineering reported that Yokogawa Solution Service Corp. and Phytochem Products announced the signing of an agreement whereby the two companies will collaborate in the development of a technology for the extraction of functional ingredients and biofuels from byproducts that have been discarded during the vegetable oil production process. Under the terms […]
In Singapore, Reuters reported that Austria’s OMV started up a new biofuels plant at its Schwechat refinery two weeks ago. The announcement was made by Michael Spitzbart, senior vice president of its refining business at an energy industry conference in Singapore. The executive noted that the plant can produce around 160,000 metric tons per year […]
