In California, ZymoChem closed a $21 million Series A round. The investment is led by Breakout Ventures with participation from new investors including lululemon athletica, inc. and Toyota Ventures, and existing investors including GS Futures, KdT Ventures, and Cavallo Ventures. By pairing this financing with existing revenues from commercial partnerships and funding from the U.S. Department […]
In the UK, a new study from Plymouth Marine Laboratory investigates what happens when biodegradable plastics enter the ocean, and whether these increasingly popular alternatives to conventional plastics are safer for marine ecosystems, or whether they come with their own risks. In response to concerns about fossil-based plastics, biodegradable plastics – that is, plastics that […]
In Belgium, the European Commission has opened an in-depth investigation to assess whether two Swedish tax exemption schemes for non-food-based biogas and bio-propane used for heating or as motor fuel are in line with EU State aid rules. The in-depth investigation follows the General Court’s annulment of two previous Commission decisions approving the tax exemptions. […]
In Iowa, POET and Summit Carbon Solutions (Summit) announced a partnership connecting the world’s largest biofuel producer with the world’s largest carbon capture and storage project. This collaboration brings together two entities—both founded upon creating new agricultural markets and supporting rural communities—to capture the value of the biogenic CO2 from the bioethanol production process. The […]
In Texas, Darling Ingredients Inc. and Valero Energy Corporation announced that the companies have made the final investment decision on a Sustainable Aviation Fuel (SAF) project at the Diamond Green Diesel (DGD) Port Arthur plant, which is owned and operated by Diamond Green Diesel Holdings LLC, a 50/50 joint venture between Valero and Darling. Upon […]
In South Korean, the world’s first large methanol-enabled container vessel has been named “Ane Mærsk” at a ceremony in the shipyard of HD Hyundai Heavy Industries (HD HHI) in Ulsan, South Korea. The vessel is named after Ane Mærsk Mc-Kinney Uggla, the Chair of the A.P. Moller Foundation and A.P. Moller Holding. Ane’s eldest granddaughter […]
In Italy, Eni confirms its decision to build Italy’s third bio-refinery in Livorno. The project, first announced in October 2022 and followed by an application for Environmental Impact Assessment (EIA) in November 2022, is awaiting official authorisations and includes the construction of three new facilities for the production of hydrogenated biofuels: a biogenic feedstock pre-treatment […]
In Estonia, last week Baltic Workboats AS signed a contract for the design and construction of a new multipurpose vessel with the Estonian State Fleet. The vessel will be powered by biomethane and electricity to guarantee ecological sustainability and will be completed in 2026. The new workboat will enhance the capacity for regular buoy tender […]
In Washington, Growth Energy, the nation’s largest biofuel trade association, released updated data today showing that American drivers recently surpassed a massive milestone: 100 billion miles driven on affordable, homegrown E15 fuel. The 15-percent biofuel blend is saving motorists nationwide an average of up to 15 cents per gallon at the pump. And in some […]
In the UK, VivoBarefoot and Balena announced an ambitious new partnership to address the harmful impacts of the footwear industry through the combination of technology and material science inspired by nature. The journey toward a circular end-of-life system for footwear faces a significant challenge rooted in the intricate nature of shoes — both in their […]
