In New York state, Nexus Development Capital, LLC announced an investment of approximately $9 million in Castlerock Biofuels, a joint venture company led by Ensyn Corporation (Ensyn) and Castlerock Green Energy LLC (CGE). This investment marks a substantial step forward in the development of renewable fuel production facilities in the United States. Castlerock Biofuels is […]
In Texas, Cemvita has unlocked new efficient technologies that allow for the production of up to 500 barrels per day of sustainable oil from its first commercial plant—a goal originally projected for 2029. In an industry where reaching scale is known to be limited and expensive, Cemvita’s technological advances in lipid productivity have enabled the […]
In Washington, Brownfield Ag News reports Energy Information Administration data shows ethanol production dipped slightly last week to 1.095 million barrels per day as margins tighten slightly, pushing stocks higher by more than half a million barrels compared to the week prior to 23.723 million barrels. Demand by blenders for ethanol was up 4% on […]
In Sweden, the possibility of hydrogen-powered flight means greater opportunities for fossil-free travel, and the technological advances to make this happen are moving fast. New studies from Chalmers University of Technology, in Sweden, show that almost all air travel within a 750-mile radius (1200 km) could be made with hydrogen-powered aircraft by 2045, and with […]
In Washington, U.S. Senator Joni Ernst (R-Iowa) led a bipartisan, bicameral group of 51 of her colleagues in urging the U.S. Department of the Treasury to issue timely guidance on the 45Z Clean Fuel Production Credit to give farmers, blenders, retailers, and fuel users certainty and the time needed to make additional clean fuel projects […]
In France, Airbus, the Air France-KLM Group, Associated Energy Group, LLC, BNP Paribas, Burnham Sterling, Mitsubishi HC Capital Inc. and Qantas Airways Limited co-invested in a Sustainable Aviation Fuel (SAF) financing fund to accelerate the production of SAF. The corporate partners worked with investment manager Burnham Sterling Asset Management to establish the Sustainable Aviation Fuel […]
In Italy, Eni has signed a temporary exclusivity agreement with KKR, a leading global investment firm, aimed at progressing the due diligence phase and completing the drafting of the documents related to the sale of a 20% to 25% stake in Enilive, based on a valuation of the company between 11.5 billion and 12.5 billion […]
In Maryland, The U.S. Department of Energy (DOE) has awarded Atlantic Biomass a $184,000 grant for “Low-Cost Production of Sustainable Aviation Fuels (SAF) from Perennial Feedstocks using Simultaneous Ball Milling and Enzyme Hydrolysis.” Work on this project will be performed by Atlantic Biomass with their STTR Institutional Partner, The Ohio State University Department of Food, […]
In Germany, Envision Group, a leading global green technology company, and DHL Group signed a Strategic Partnership Agreement to foster a comprehensive cooperation in logistics solutions and mutually accelerate the progress of sustainability targets. The partnership covers four main areas: logistics solutions, Sustainable Aviation Fuel (SAF), green energy, and the joint development of a “Net […]
In Brazil, Brazil’s biofuel production reached a historical record in 2023, with robust growth and diversification of the country’s renewable energy sources. Ethanol and biodiesel production totaled almost 43 billion liters, reaching a historical record. The Brazilian Statistical Yearbook on Oil, Natural Gas and Biofuels 2024 (Anuário Estatístico Brasileiro do Petróleo, Gás Natural e Biocombustíveis […]
