In Japan, 123Carbon announced its collaboration with TOKYO-Mitsui O.S.K Lines, Ltd (MOL) on a carbon insetting pilot project that will allow its customers to reduce their Scope 3 emissions. MOL is the first shipping company in the APAC region to issue carbon insets on the 123Carbon registry, after completing its robust issuance process, supported by […]
In Wisconsin, Virentis Advisors announced several successful RNG tax credit transfer transactions that have recently closed, totaling over $55 million of Qualified Biogas Property ITC value. These include: · Food waste to RNG and fertilizer facility whose ITC was sold to an investment grade corporate buyer · Dairy manure to RNG facility whose ITC was […]
In Minnesota, Cargill has awarded $2.5 million to the Forever Green Initiative at the University of Minnesota to support research into two novel oilseed crops—winter camelina and domesticated winter pennycress—that can produce seed-based oil for low-carbon transportation fuels while also protecting soil, improving water quality, and providing new revenue streams for farmers. Fuel made from […]
In South Dakota, Governor Kristi Noem held a bill signing ceremony for SB 78 last week, which provides for an E15 fuel tax refund. “Renewable fuels are a very important part of America’s all-of-the-above energy supply, and ethanol is vital to South Dakota’s future. The Biden Administration’s policies have driven gas prices up for South […]
In France, CARBIOS and De Smet Engineers & Contractors (DSEC) announced their collaboration to spearhead the construction of the world’s first PET biorecycling plant. Under the agreement, De Smet has been entrusted with the project management and detailed engineering, including procurement assistance and CARBIOS partners’ management, to ensure the execution of the plant’s construction in […]
In South Korea, LG Chem advanced with CJ CheilJedang on a joint venture plant for bio-nylon (Bio-PA: Polyamide) to penetrate the eco-friendly market. LG Chem announced it had signed a Heads of Agreement (HOA) with CJ CheilJedang at the Yeouido LG Twin Towers for the establishment of a joint venture dedicated to the production and […]
In Washington, the United States Department of Agriculture’s (USDA) Natural Resource Conservation Service (NRCS) recently approved a $25 million investment in the American Coalition for Ethanol (ACE)-led Regional Conservation Partnership Program (RCPP) expansion that builds on the successful South Dakota-based project announced in 2021 to unlock corn ethanol access to clean fuel markets and new […]
In Minnesota, a new study by the University of Minnesota Extension shows the ethanol industry contributed $2.5 billion to Minnesota’s gross domestic product (GDP) in 2023. It said the industry produced 1.35 billion gallons of ethanol in 2023, which in turn resulted in $6.6 billion of economic activity and supported 20,914 jobs. The industry also […]
In Louisiana, in the fourth quarter of 2023, CF Industries and Mitsui completed a front-end engineering and design (FEED) study on a greenfield steam methane reforming (SMR) ammonia facility with carbon capture and sequestration (CCS) technologies at CF Industries’ Blue Point Complex in Louisiana. The FEED study estimates the cost of a project with these […]
In the UK, Quadrise announced the signature of a Project Development Agreement (“PDA”) with renewable biofuels specialists, BTG Bioliquids BV (“BTL”) and Euthenia Energy Group Limited. As announced on June 8, 2023, Quadrise and BTL entered into a Joint Development Agreement (“JDA”) to investigate the use of BTL’s fast pyrolysis bio-oil (“FPBO”) as a potential […]
