In Alabama, according to a class action complaint, Vertex made false and misleading statements to the market. Vertex announced it would acquire an oil refinery in Mobile, Alabama, with the plan to partially convert it for the production of renewable diesel fuel, which it claimed would improve profitability. Bunkerspot reports that Vertex failed to report […]
In Sweden, to reduce the climate footprint of board production, IKEA is switching from fossil-based to bio-based glues. Today, 5% of the climate footprint of the total IKEA value chain is connected to the use of glue in board materials. With this change, the goal is to reduce fossil-based glue use by 40% and greenhouse […]
In Ireland, SSE Thermal is exploring options to develop two new low-carbon power stations in Ireland which would help to protect security of supply and provide flexible backup to renewable generation. Sites in Tarbert in County Kerry and at Platin in County Meath, could provide the location for these new power stations, which would initially […]
In South Korea, a research team at the Clean Energy Research Center of Korea Institute of Science and Technology (KIST) developed a green solvent that can completely replace conventional petrochemical-based solvents while maximizing the efficiency of biofuel production. The researchers announced that it is now possible to produce sustainable and economically secured biofuels. After screening […]
In Canada, the Canadian Press reports that some oil and gas players are excited about the opportunities posed by the US’s Inflation Reduction Act, with “lots of carrots being put on the table” in order to decarbonize, which is very attractive for companies operating on both sides of the border. Some complain, however, that the […]
In Spain, Cepsa will build a new second-generation (2G) biofuel plant in Palos de la Frontera, Huelva, which will involve an investment of up to 1 billion euros. This new plant, which will be located in the ‘La Rábida’ Energy Park, will produce both renewable diesel and SAF (sustainable fuel for aviation, for its acronym […]
In Oregon, Targray announced the opening of two new biodiesel terminals in Oregon. Located in Portland and Eugene respectively, the new terminals are strategically positioned to ease supply concerns for wholesale fuel distributors, retailers and refineries in the state which has a mandatory 5% biodiesel blending requirement in place to help curb emissions and transition […]
In Australia, Burnett Mary Regional Group (BMRG), Idemitsu Kosan Co., Ltd. and J-Oil Mills, Inc., with the cooperation of the Queensland government, have agreed to jointly study the establishment of a sustainable aviation fuel (SAF) supply chain by planting Pongamia pinnata (Millettia pinnata) trees, a non-edible oil feedstock, in Queensland for the purpose of CO2 […]
In Ohio, Marathon Petroleum Corp. announced the acquisition of a 49.9% interest in LF Bioenergy, an emerging producer of renewable natural gas (RNG) in the United States, from Cresta Fund Management for $50 million. The agreement includes the potential for up to an additional $50 million based on the achievement of predetermined earn-out targets. LF […]
In Canada, Braya Renewable Fuels issued an exclusive letter of support to ABO Wind for the joint development of green hydrogen production at its refinery in Come By Chance, Newfoundland and Labrador (NL), Canada. The non-binding letter of support promotes the project proposal ABO Wind intends to submit in the “Crown Land Call for Bids […]
