In Canada, the Canadian Broadcasting Corp reports the Braya Renewable Fuels plant that only came online in April is already considering shutting down due later this year due to economic contraints resulting from the expiration of the Blenders Tax Credit that led to lower-than-normal margins and short-term market disruptions. Should the plant be shut down, […]
In the UK, Fastmarkets and Intercontinental Exchange (ICE) announced the launch of the ICE Used Cooking Oil (UCO) Gulf (Fastmarkets) Futures contract to meet growing demand and tackle complexity in the biofuel feedstock market. The US Gulf-based UCO assessment reflects the primary market region for UCO trade, capturing the broadest data pool necessary for accurate market […]
In Maryland, Enviva, LLC announced its successful emergence from Chapter 11 bankruptcy protection, marking a significant milestone in the company’s strategic transformation. Enviva is well-positioned for long-term growth and consistent operating performance, allowing the company to serve its customers as a market leader and critical partner in meeting their demand for renewable fuel. Enviva’s Plan […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
