In the UK, Neste and Mirova, a pioneer impact investor in the natural capital space and an affiliate of Natixis Investment Managers, announced a combined EUR10 million investment into Recycling Technologies Ltd, a specialist plastic recycling technology provider. The aim is to accelerate the development of chemical recycling and foster the transition to a circular […]
In Brazil, Platts reports that record high hydrous ethanol prices have finally reached the limit for drivers with demand falling off and ethanol prices dropping 2.5% in turn, combined with weaker economic data released last week and a drier-than-normal March. A dry March means an early kick off for sugarcane milling that will lead to […]
In Germany, UFOP reports that German foreign trade in biodiesel was very brisk last year. The total volume of 3.7 million tonnes exceeded the previous year’s level by nearly 20 per cent. In the calendar year 2019, German foreign trade in biodiesel reached new record levels both in imports and exports. Above all, exports were […]
In Washington, D.C, U.S. ethanol exports accelerated to a fifteen-month high in January, increasing 3% to 151.2 million gallons (mg), according to data issued today by the government and analyzed by the Renewable Fuels Association (RFA). Brazil purchased nearly twice as much U.S. ethanol as in December, solidly outpacing shipments to Canada. Two-thirds of all […]
In Finland, Neste acquired a minority stake in Sunfire GmbH, a Germany-based developer of high-temperature electrolysis technology. The company’s patented technology allows the production of renewable hydrogen as well as the direct conversion of water and CO2 into raw material for petrochemical products. In addition to Neste’s equity investment in Sunfire, both companies will work […]
In Minnesota, Calyxt, Inc., a plant-based technology company, expanded their product pipeline to 9 crops and 14 projects under development, compared to 5 crops and 6 projects under development one year ago. The company expects 2020 revenue to nearly double and reports that revenue for 2019 increased to $7.3 million driven by the launch of […]
In Finland, Finnair’s anti-carbon program lifts the ambition-level in the aviation industry by revealing its intention to reduce its net emissions by 50% by the end of 2025 from the 2019 baseline and achieve carbon neutrality latest by 2045. The plans clearly exceed the industry’s common targets. The new strategy includes a holistic approach to transform Finnair’s operations to bring the company’s climate footprint dramatically down. The main actions to tackle the carbon challenge are: […]
In New York, Reuters reports that U.S. renewable fuel credits fell more than 15% on Friday after news the Trump administration plans to appeal a federal court decision that cast doubt on a program exempting small oil refineries from biofuel blending laws. “The administration had previously intended to respond to the court decision by scaling […]
In the UK, EQTEC announced the signing of a Memorandum of Understanding with German EPC company, ewerGy GmbH, covering the key terms of the proposed cooperation for the engineering design and installation of the first advanced gasification plant in Greece. ewerGy will operate in Greece via its local partner, Eco Hellas SA, together with Greece […]
In California, FuelCell Energy, Inc. announced that the California Public Utilities Commission (CPUC) has clarified and reinforced that the use of directed biogas is permissible under the Bioenergy Market Adjusting Tariff (BioMAT) program, rejecting arguments by Southern California Edison to the contrary, thus permitting the continued development of the Toyota Port of Long Beach FuelCell […]
