In Missouri, Green Plains Renewable Energy has sold 2025 45Z credits generated from several of their ethanol facilities and the negotiation of a term sheet for an additional tranche of 2025 45Z Credits. GPRE expects the sale and transactions contemplated in the term sheet to generate $40 million to $50 million in 2025 EBITDA. This […]
In Tennessee, POET has finalized its acquisition of Green Plains Obion, which will now be known as POET Bioprocessing – Obion, a bioethanol facility in northwestern Tennessee. With this milestone, POET’s portfolio grows to 35 bioprocessing facilities across nine states, bringing its annual production capacity to 3.1 billion gallons of bioethanol. POET also produces 15 […]
In Texas, XCF Global, Inc. has signed a Letter of Intent with Posh Robotics through its subsidiary New Rise Renewables Reno, LLC to explore deploying Posh Energy’s Flex-Fuel Gensets at the New Rise Reno renewable fuels facility. Posh’s Flex-Fuel Gensets are expected to be installed at New Rise Reno to convert byproducts from SAF and […]
In Germany, DHL Global Forwarding and Hapag-Lloyd have achieved a major milestone in their joint efforts to decarbonize supply chains. The two companies have signed a three-year framework agreement for Scope 3 greenhouse gas (GHG) emission reductions resulting from the use of sustainable marine fuels within Hapag-Lloyd’s fleet. As part of this agreement, the first […]
In India, Solar Quarter reported that Solaris is set to broaden its renewable energy footprint with upcoming projects that include solar with battery storage, floating solar, and waste-to-energy (WTE) initiatives, On the WTE front, President and CEO Jose Alfonso Miras revealed Solaris is considering entering the sixth round of GEAP, which is expected to include […]
In Germany, the AMG Petronas F1 team stated that this weekend’s Azerbaijan Grand Prix saw the debut of pioneering bio-based carbon fiber composite material on the team’s W16 race car. The rear brake duct wheel shields on F1 pilot George Russel’s car were developed using a new resin that includes 30% bio-based materials. This marks […]
In the Netherlands, Offshore Energy reported that Methanex Corporation, a Canadian producer and supplier of methanol, has entered new strategic bunkering partnerships in two major fueling hubs – the Amsterdam-Rotterdam-Antwerp (ARA) region and South Korea. In the ARA region, Methanex is partnering with TankMatch to provide barge-to-ship methanol bunkering, and in South Korea, the company […]
In Italy, Eni announces that it has received approval from the Italian Ministry of the Environment and Energy Security to convert selected units at the Sannazzaro de’ Burgondi (Pavia) refinery into a biorefinery. Eni has now started the authorization process and has filed an application for Environmental Impact Assessment (VIA). The project involves converting the […]
In the UK, Reuters reported that BP has stopped work on its Rotterdam biofuels plant, , marking the latest in a string of abandoned biofuels projects by oil companies such as BP and Shell in the face of weak demand. In recent months BP has halted plans to build standalone biofuels plants at its Kwinana […]
In India, BioEnergyTimes reported that Finnish airline Finnair has launched a new service under its Finnair for Business program that enables corporate customers to support the use of SAF and reduce emissions from business travel. The service allows companies to track the emissions from their flights and contribute to the purchase of SAF through a […]
