In Brazil, the request to replace Petroleo Brasileiro S.A.’s CEO made by the Brazil’s Ministry of Mines and Energy is viewed by Fitch Ratings as raising uncertainties for the ethanol sector whose price dynamics are strongly correlated with Petrobras’ pricing policy. The government influence on Petrobras’ business strategy could be a cash flow negative for […]
In the UK, the Association for Renewable Energy and Clean Technology (REA) have unveiled their ‘green recovery pathway’ which will accelerate the drive to net zero and provide thousands of new jobs. Launching the ‘Strategy for Renewable Energy and Clean Technologies’, REA’s CEO, Dr Nina Skorupska CBE, said that, ‘the change required over the next […]
In Colorado, to help light that path to net-zero emissions, the National Renewable Energy Laboratory (NREL) has released a comprehensive vision for deeply decarbonizing transportation. It is a strategy rooted in cross-cutting research and engineering to enable industry stakeholders, communities, government agencies, and early adopters to meet their climate goals. In NREL’s vision, adapting to […]
In India, the Newsroom Post reports that Uttar Pradesh’s cabinet has greenlighted the use of sugarcane juice and syrup to produce ethanol, which will help boost ethanol production at sugar mills while also reduce the surplus sugar production weighing on the market. UP is the largest sugar producing state in India as well as largest […]
In Switzerland, Bloom Biorenewables closed its Seed Round of funding, resulting in a total of €3.9 million raised from dilutive and non-dilutive sources. This new investment confirms the potential of the company to act as a leader in sustainability and accelerates the market entry of its bio-based solutions. Bloom’s products are specifically designed to substitute […]
In France, the Coalition for the Energy of the Future announced seven projects will be developed in 2021: • Green hydrogen: capitalize on Carrefour projects Cathyope and H2Haul to experiment for the first time in Europe hydrogen-powered fuel cell long distance zero-emission trucks and propose a consolidated order book for goods’ transportation on French and […]
In Switzerland, Cargill and Maersk Tankers are embarking on a strategic partnership to combine their bunker volumes, offering a new bunker procurement service to tramp shipping companies and trading houses. The initial goal is to procure bunker fuel for Cargill and Maersk Tankers’ combined fleet, while aiming to attract additional customers in the coming months. […]
In Canada, Cielo Waste Solutions announced its first significant sale of renewable fuels with a purchase commitment for 900,000 liters (238,000 gallons) of renewable diesel at CAD$1.67/liter for an aggregate purchase price of CAD $1,500,000. The purchaser will also have an option to purchase another 600,000 liters (159,000gallons ) of renewable diesel at the same […]
In France, the European Investment Bank (EIB) and the agrifood group Avril announced the finalization of a €50 million loan for the financing of innovative projects in the fields of plant protein and plant chemistry. This is the first partnership of its kind between the EIB and the Avril Group. This contribution of additional long-term resources […]
In Paraguay, Investancia signed a 30-year offtake deal with ECB Group that will see 300,000 tonnes of ‘reforestation oil’ from pongamia oil produced annually by 2030. The deal represents a significant step forward in the global green transport transition. The Investancia tree propagation and R&D center, located near Carmelo Peralta, Alto Paraguay, is the world’s […]
