In Nebraska, Green Plains Inc. has entered into an asset purchase agreement with POET to sell its Rives, Tennessee based ethanol plant for $190 million in cash, inclusive of an estimated $20 million of working capital, to be adjusted at closing. Proceeds from the sale will be utilized to retire the junior mezzanine debt due […]
In Canada, Provectus Biofuels Inc. has signed a Letter of Intent with SOS Engineering Ltd. to collaborate on the execution of the front-end engineering and design phase of the DobroJet renewable jet fuel project. The LOI outlines the planned provision of services beyond the currently approved scope of the existing engineering services agreement. The LOI […]
In Mexico, Energia a Debate reports governments of Mexico and Brazil signed this afternoon a Declaration of Intent for the Production and Use of Biofuels. On a working visit to Mexico, the Vice President of Brazil, Geraldo Alckim, in conjunction with the Secretary of Energy, Luz Elena González Escobar, appointed the document at the headquarters […]
In the UK, Drax was notified on Tuesday that the Financial Conduct Authority has commenced an investigation into the company covering the period January 2022 to March 2024 relating to certain historical statements regarding Drax’s biomass sourcing and the compliance of Drax’s 2021, 2022 and 2023 Annual Reports with the Listing Rules and Disclosure Guidance […]
In Canada, the Government of Ontario is investing over C$6.2 million under the Forest Biomass Program in eight research, innovation and modernization initiatives throughout Northwest Ontario. The program funds projects that sustainably harvest more wood from Crown forests, increase regional economic growth and find new uses for underused wood and mill by-products, known as forest […]
In Latvia, Latvia Public Media reports the first publicly available biomethane entry point in Latvia is opened in Džūkste. The Association of Biogas Producers estimates that “green gas” in Latvia is currently produced by eight companies, which mostly have their own gas input points, but the industry is developing and public infrastructure will be relevant […]
In French Polynesia, ATOBA Energy and Air Moana have signed an agreement to implement scalable solutions for the supply of Sustainable Aviation Fuel (SAF). This strategic collaboration aims to ensure long-term SAF availability while supporting local initiatives to develop sustainable fuel production in Tahiti. As part of this agreement, ATOBA Energy will work with Air […]
In Washington, Brownfield Ag News reports Energy Information Administration data shows ethanol stocks have shrunk to their lowest level since January at 22.549 million barrels thanks to a last boost to the summer driving season while production held steady at 1.07 million barrels per day. Exports slipped 52,000 bpd on the week prior to 121,000 […]
In South Korea, Biofriends Inc. and Cheongmyeong Co., Ltd. signed a Memorandum of Understanding (MOU) to build Korea’s first commercial-scale biogas-based methanol production plant. This agreement is significant as it marks the starting point for the full-scale commercialization of eco-friendly fuel production using domestically produced biogas. Bio Friends previously conducted a feasibility study on the […]
In India, the Hindu Times Business Line newspaper reports Bharat Petroleum Corporation has contracted Elan Greentech Energies to design India’s first refinery-based Compressed Biogas. The facility is set to produce 15 metric tons of compressed biogas daily from 100 tons of paddy straw. Farmers burning paddy straw is a major source of air pollution in […]
