In California, Forza Innovations Inc. successfully completed the previously announced acquisition of Sustainable Origins. The acquisition is part of Forza Innovations’ ongoing strategic plan for future revenue and expansion. From its newly appointed innovation lab in San Diego and growing team aims to make this acquisition of Sustainable Origins and optimize the company’s current operations to […]
In Luxembourg, targeting initially at a total volume of €250 million, the European Circular Bioeconomy Fund (ECBF) is oversubscribed with a total of approximately €300 million. With the final closing of the subscription, the international team of the ECBF was able to gain the trust of further investors for the implementation of its mission. During […]
In Maine, Aerospace Testing International reports bluShift successfully tested its hybrid, biofuel Modular Adaptable Rocket Engine for Vehicle Launch, MAREVL 2.0, with partial power for five seconds. Future tests will include full-power, 90-second full duration burns while later this year it expects to do suborbital flight testing following static fire tests. This latest round of […]
In Texas, Texas A&M AgriLife Research scientists are using artificial intelligence to set a new world record for producing algae as a reliable, economic source for biofuel that can be used as an alternative fuel source for jet aircraft and other transportation needs. The team’s findings were published in January in Nature Communications. Ongoing research […]
In Washington, Reuters reports the Biden Administration is concerned the Russian invasion in Ukraine will impact food prices to such an extent that introducing biofuel blending waivers may be a way to stave off food inflation. Potential waivers are thought to reduce demand for corn and soy so that they could be diverted to human […]
In New York state, Renovare Environmental, Inc. has entered into a definitive agreement to purchase Harp Renewables and its affiliate, Harp Electric Engineering (collectively “Harp”) for $20 million, comprised of $15 million of common stock and $5 million of cash. Through this acquisition, Renovare will become the premier provider of Digesters across North America and […]
In California, carbon transformation company Twelve and biotechnology company LanzaTech have transformed CO2 emissions into ethanol as a part of an ongoing research and development partnership. Twelve and LanzaTech are eliminating fossil fuels from ethanol production by converting CO2 to CO through Twelve’s carbon transformation technology, and subsequently using LanzaTech’s small Continuous Stirred Tank Reactor […]
In Illinois, US Foods Holding Corp. will convert fleet fuel at all California broadline distribution centers from traditional diesel fuel to renewable diesel (RD) fuel by mid-2022. In addition, the company will add 30 electric trucks to its La Mirada, Calif. distribution center by the end of 2023. These efforts build on the company’s existing […]
In Brazil, PepsiCo will use UBQ material developed by the Israeli startup of the same name, for the creation of a sustainable pallet that includes unsorted household waste – including organics – in its composition. During the manufacturing process of UBQ material, waste is diverted and greenhouse gas (GHG) emissions are prevented. In this initial […]
In New York state, Intercontinental Exchange, Inc. announced rapid growth in its U.S. Renewable Identification Numbers (RINs) and European Biofuels derivatives, reflecting the increasing use of biofuels by the road transportation sector to reduce emissions. A record volume of RINs traded on ICE in 2021, equivalent to almost 600 million RINs. In February 2022 approximately […]
