Category: Fuels

ESL Shipping order four fossil free handysize vessels

ESL Shipping order four fossil free handysize vessels

October 10, 2024 |

In Finland, ESL Shipping is building a series of four new, fossil-free handysize vessels that can be operated entirely fossil-free by using green hydrogen-based e-methanol or biomethanol. These new 1A ice-class vessels are the top of the market in terms of cargo capacity, technology and innovation. The total value of the four ships is approximately […]

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Iowa approves 126 E15, E85, and biodiesel infrastructure projects

Iowa approves 126 E15, E85, and biodiesel infrastructure projects

October 10, 2024 |

In Iowa, Iowa Secretary of Agriculture Mike Naig announced that the Iowa Renewable Fuels Infrastructure Program (RFIP) Board recently approved 126 project applications from Iowa gas stations for new and expanded E15, E85, and biodiesel infrastructure projects. Totaling nearly $6.35 million, the projects are located across 61 Iowa counties and will allow drivers to save […]

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Cathay Cargo and DB Schenker sign SAF program collaboration

Cathay Cargo and DB Schenker sign SAF program collaboration

October 10, 2024 |

In Singapore, Cathay Cargo and DB Schenker jointly held a signing ceremony on Tuesday at the airline’s Cathay City headquarters to mark the global forwarder’s membership of the Cathay Corporate Sustainable Aviation Fuel (SAF) Program. The Cathay Corporate SAF Program was established in 2022 to help tackle climate change. It enables members to purchase SAF […]

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Notpla lands $25M Series A+ round for algae-based plastic

Notpla lands $25M Series A+ round for algae-based plastic

October 10, 2024 |

In the UK, Notpla closed its Series A+ funding round securing over $25 million in equity fundraising to advance it into a new era of plastic-free materials and a healthier planet. This substantial investment, which more than doubled the company’s initial target, comes at a crucial time. Its innovative approach to sustainable packaging has garnered […]

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Raízen, Shell and SENAI to invest $21.4M in Brazilian Bioenergy Center

Raízen, Shell and SENAI to invest $21.4M in Brazilian Bioenergy Center

October 9, 2024 |

In Brazil, Raízen, Shell and SENAI announced an investment for the construction of the Bioenergy Center, located in the planned neighborhood of Reserva Jequitibá, in Piracicaba. The groundbreaking event marked the beginning of construction on the modern set of laboratories and pilot plants, which will be located at the epicenter of the agribusiness innovation ecosystem, […]

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Indonesia to boost palm oil demand 1.7M tons next year when mandate goes to 40%

Indonesia to boost palm oil demand 1.7M tons next year when mandate goes to 40%

October 9, 2024 |

In Indonesia, Reuters reports that when the country boosts its biodiesel blending mandate to 40% from the current 35%, available palm oil supplies will tighten. With blending expected to rise to 16 billion liters next year when the mandate increases, up to 1.7 million metric tons of palm oil annually will be diverted towards biodiesel […]

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Lantmännen launches biogas business

Lantmännen launches biogas business

October 9, 2024 |

In Sweden, Lantmännen has identified biogas as a growth area and is now establishing Lantmännen Biogas AB. Lantmännen has organic residual streams from its own operations, the values of which can be maximized by being used as a raw material for biogas production. With a strong focus on resource efficiency and sustainability, Lantmännen currently processes […]

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Inpasa to invest $608M to expand refinery including biorefinery

Inpasa to invest $608M to expand refinery including biorefinery

October 9, 2024 |

In Brazil, Inpasa signed an agreement that deals with the investment of R$3.4 billion for the expansion of the Sidrolândia (MS) plant and for the completion of the Balsas (MA) plant, which will begin operating in March 2025, in addition to the construction of the biorefinery in Luís Eduardo Magalhães (BA), with operations scheduled for […]

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Greenvolt sources $437.6M in additional funding

Greenvolt sources $437.6M in additional funding

October 9, 2024 |

In Portugal, initially set at 350 million euros, Greenvolt Group has successfully upsized its syndicated financing to a total of 400 million euros, following strong interest from the financial community. This increase was supported by two additional banks, including a new corporate lending partner, bringing the total number of international lenders in the facility to […]

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CycleØ to invest in 4 new agri-based biogas plants across Ireland

CycleØ to invest in 4 new agri-based biogas plants across Ireland

October 9, 2024 |

In Ireland, CycleØ Group announced its intention to make a significant investment in new innovative biomethane plants in Ireland.  The group, which boasts a portfolio of hundreds of successful biogas/biomethane installations in more than 40 countries globally, stated its intention to initially build 4 new agri-based plants across Ireland. This requires an investment totaling more […]

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