Category: Fuels

BECIS lands $53M in new equity financing from existing shareholders

BECIS lands $53M in new equity financing from existing shareholders

December 9, 2024 |

In Singapore, BE C&I Solutions Holding Pte. Ltd. (“BECIS”) announced $53 million in new equity financing from existing shareholders, namely FMO, KLP Norfund Investments, Pula Investments (represented by Berkeley Energy) and Siemens Financial Services. Operating across eight strategic markets—India, Thailand, Indonesia, Vietnam, Philippines, Malaysia, China, and Cambodia—BECIS specialises in a variety of decarbonisation solutions, which […]

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Italgas to invest $1.06B in Greek H2 and renewable gases to 2030

Italgas to invest $1.06B in Greek H2 and renewable gases to 2030

December 9, 2024 |

In Greece, Italgas has envisaged a total investment of €1 billion in Greece as part of the Group’s 2024-2030 Strategic Plan. This program will be executed by its subsidiary Enaon, focusing on four main pillars to support Greece’s ongoing ecological transition: v Methanization of areas not yet connected to the gas distribution network and contributing […]

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Lactips lands $16.9M funding round for 100% biobased natural polymer

Lactips lands $16.9M funding round for 100% biobased natural polymer

December 9, 2024 |

In France, Lactips, specializing in the development, production and commercialization of a 100% biobased natural polymer that is water-soluble and biodegradable in all environments, has announced a €16 million fundraising round. This new round, backed by SPI fund, managed on behalf of the French government by Bpifrance as part of France 2030, marks the entry […]

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UPM Specialty Papers and co-create biopolymer coated paper packaging solution

UPM Specialty Papers and co-create biopolymer coated paper packaging solution

December 9, 2024 |

In Finland, UPM Specialty Papers and Eastman have co-created a novel biopolymer coated paper packaging solution, designed for food applications requiring grease and oxygen barriers. The solution integrates Eastman’s biobased and compostable Solus performance additives with BioPBS polymer to form a thin coating onto UPM’s compostable and recyclable barrier base papers. Thanks to the thinness […]

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Producers announces plans for bioethanol plant in Buenos Aires province

Producers announces plans for bioethanol plant in Buenos Aires province

December 8, 2024 |

In Argentina, Bichos de Campo reported that a group of rural producers in Buenos Aires province announced their intention to set up a bioethanol plant with an installed capacity of 90,000 cubic meters per year. The report noted that producers have already raised a total of $25 million for the initiative, which would require a […]

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Nel ASA receives another 10 MW purchase order from Samsung C&T

Nel ASA receives another 10 MW purchase order from Samsung C&T

December 8, 2024 |

In Norway, Nel Hydrogen Electrolyser, a subsidiary of Nel ASA, has signed a new contract for 10 MW of alkaline electrolyser equipment with Samsung C&T Corporation Engineering & Construction Group for its first pilot for nuclear connected (pink) hydrogen production plant. The first contract with Samsung C&T signed earlier this year was for an off-grid […]

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Aemetis India completes $103 million of biodiesel deliveries to OMCs in 2024

Aemetis India completes $103 million of biodiesel deliveries to OMCs in 2024

December 8, 2024 |

In California, Aemetis announced that the Universal Biofuels subsidiary of Aemetis in India successfully completed delivery of $103 million of biodiesel to the three government-owned Oil Marketing Companies (OMCs) under cost-plus supply agreements for the one-year marketing period ending September 30, 2024. Aemetis recently received an initial $58 million of new allocations from OMCs for […]

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HD Hyundai Oilbank expands portfolio with biofuels

HD Hyundai Oilbank expands portfolio with biofuels

December 8, 2024 |

In Korea, the Korea Times reported that HD Hyundai Oilbank’s biofuel business is achieving important milestones to meet increasingly complex market demands. The refiner said it completed Korea’s first biodiesel plant utilizing supercritical fluid technology in April, with commercial operations now underway. The facility aims to produce 130,000 tons of biodiesel annually, according to the […]

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Port of Tanjung Pelepas completes first methanol bunkering operation

Port of Tanjung Pelepas completes first methanol bunkering operation

December 8, 2024 |

In the Netherlands, Offshore Energy reported that the Port of Tanjung Pelepas (PTP), a joint venture between MMC Group and APM Terminals, has completed the first methanol bunkering operation for a Maersk dual-fuel methanol container vessel. PTP’s Chairman, Tan Sri Che Khalib Mohamad Noh, said: “This successful methanol bunkering operation demonstrates PTP’s readiness and capability […]

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BASF expands sustainable product portfolio at its Lemförde site

BASF expands sustainable product portfolio at its Lemförde site

December 8, 2024 |

In Germany, BASF said it has completed the certification program International Sustainability and Carbon Certification (ISCC) PLUS at its production site in Lemförde, Germany to produce biomass-balanced thermoplastic polyurethanes.  Also, the annual recertification according to REDcert2 was successfully completed for numerous thermoplastics and polyurethane systems. This allows BASF to expand its sustainable product portfolio and […]

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