In China, Yicai Global reports Shell will buy 150,000 metric tons of EU-standard biodiesel from Jiaao Enprotech for $155 million over three years. The company currently produces 50,000 tons per year, but its expansion project should be online soon. In previous years, the company has supplied Shell with less than 4,000 tons of biodiesel annually. […]
In Brazil, Platts reports hydrous ethanol hit a record high of more than $500 per cubic meter on February driven by a number of factors including another, this time unexpected, Petrobras gasoline price hike. Carnival holidays, despite the lack of Carnival activities, and students returning to classes were expected to be the main drivers of […]
In Brazil, Reuters reports Cosan and Shell’s joint venture Raizen has bought Louis Dreyfus’s Biosev for a cash payment of $670.3 million in addition to nearly 5% of Raizen’s shares, mixed between preferential and redeemable shares. Biosev’s debt will remain with current shareholders, however. The transaction will make Raizen one of the largest sugar and […]
In Nebraska, Green Plains Inc. announced that funds and accounts managed by BlackRock have invested alongside Ospraie Management and Green Plains in Fluid Quip Technologies LLC. In addition, Green Plains announced the completion of a $125 million, 5-year mezzanine note facility with BlackRock. The proceeds will initially support the construction and deployment of Ultra-High Protein […]
In the UK, British Airways is investing in sustainable aviation fuel technology provider and SAF producer LanzaJet as the company builds its first commercial scale plant in Georgia, USA. British Airways will purchase SAF from LanzaJet’s US plant to power a number of the airline’s flights from late 2022. The deal also involves LanzaJet conducting […]
In Canada, British energy company Drax has agreed to acquire Pinnacle Renewable Energy at a price of C$11.30 per share, valuing Pinnacle at C$385 million. The acquisition brings together Drax, which owns the world’s largest sustainable biomass power station in the UK, with Pinnacle, one of the leading global producers of high-quality compressed wood pellets. […]
In Oregon, local press reports that Global Partners has received its first shipment of renewable diesel at its Clatskanie facility at the Port of Columbia County even though its permits from the state’s Department of Environmental Quality are under review following complaints from environmental activists. The facility received its permits to transship renewable diesel in […]
In Canada, FarmingBiogas.ca is a new go-to resource for farmers interested in learning more about agricultural biogas. Developed by the Canadian Biogas Association (CBA), the website is part of an educational campaign to help farmers explore biogas production as an opportunity for their farm. “We field a lot of questions from farmers who want to […]
In the UK, Velocys plc has signed a collaboration agreement with Toyo Engineering Corporation (Toyo) to start the development of their commercial projects to produce Sustainable Aviation Fuel (SAF) and other renewable fuels in Japan. The agreement follows on from the successful work already conducted in 2020 between Velocys and Toyo at the biomass-to-jet-fuel demonstration […]
In the UK, a revolutionary project undertaken by Encirc (a Vidrala company), and industry research and technology organization, Glass Futures, has proven that new bottles are able to be made from 100% recycled glass, using only the energy from burning ultra-low-carbon biofuels. It is thought that the world-first initiative will pave the way for an […]
