In France, the International Energy Agency’s most recent Renewables 2024 report says meeting international climate goals would require not only accelerating the rollout of renewable power, but also significantly speeding up the adoption of sustainable biofuels, biogases, hydrogen and e-fuels, the report notes. Since these fuels remain more expensive than their fossil counterparts, their share […]
In Malaysia, Bloomberg reports the Bursa is contemplating adding used cooking oil futures to compliment palm oil futures for hedging in the biodiesel market. Contract specification that have been shared with industry representatives show that proposed UCO futures contracts would be US dollar denominated, cash-settled, and priced against the FOB Straits assessment for used cooking […]
In Alabama, the Oil & Gas Journal reports Vertex Energy has become the first flexible refinery to pivot its renewable diesel hydrocracker back to processing petroleum on the back of high renewable diesel supplies in the market. It relaunched the hydrocracker on Oct. 9 after having announced the turn around back in May. The relaunch […]
In the Netherlands, Avantium has been awarded a €3.5 million grant from the EU Horizon Europe program for its participation in the research and development program ICONIC. The ICONIC program aims to convert CO2 into formic acid, a key ingredient for sustainable protein production. The €3.5 million grant will be paid out in tranches to […]
In India, the government has advanced its target for 20% blending to 2025, reinforcing its commitment to sustainable energy. The Minister of Petroleum and Natural Gas says discussions have already started to develop a roadmap for the future, post the attainment of the 20% blending target. This roadmap will guide the country’s next steps in […]
In Brazil, Novacana reports Geo bio gas&carbon and Brazil-Germany Cooperation for Sustainable Development signed on Tuesday a partnership for the development of the first plant in Brazil for the production of sustainable aviation fuel (SAF) from biogas. The objective is to develop, on a commercial scale, a sustainable production model that uses biomass waste as […]
In Washington, Reuters reports record ethanol exports saw stocks dip last week despite strong production, helping to offset record production that is taking advantage of cheap corn and low natural gas prices. Ethanol producers are reaping in hefty crush margins as a result despite gasoline demand not having yet returned to pre-pandemic levels. Census data […]
In the Netherlands, VTTI and Connex, a renewable feedstocks trader, are joining forces to develop a renewable feedstock or ‘greenstock’ pretreatment facility at VTTI’s terminal in Amsterdam (ETA). When complete, the facility will be able to process over 400,000 tons of renewable feedstock per year to enable the production of sustainable fuels, giving customers additional […]
In Finland, ESL Shipping is building a series of four new, fossil-free handysize vessels that can be operated entirely fossil-free by using green hydrogen-based e-methanol or biomethanol. These new 1A ice-class vessels are the top of the market in terms of cargo capacity, technology and innovation. The total value of the four ships is approximately […]
In Iowa, Iowa Secretary of Agriculture Mike Naig announced that the Iowa Renewable Fuels Infrastructure Program (RFIP) Board recently approved 126 project applications from Iowa gas stations for new and expanded E15, E85, and biodiesel infrastructure projects. Totaling nearly $6.35 million, the projects are located across 61 Iowa counties and will allow drivers to save […]
