In Texas, Vertex Energy entered into a Restructuring Support Agreement with overwhelming support of 100% of the company’s term loan lenders. To facilitate the transactions contemplated under the RSA, including exploration of a sale transaction, the Company commenced Chapter 11 cases in the United States Bankruptcy Court for the Southern District of Texas. The Company […]
In Malaysia, MRNA Scientific Sdn. Bhd., a subsidiary of BioNexus Gene Lab Corp., and Protech Builders Sdn. Bhd. signed a strategic teaming agreement to jointly develop and operate biogas plants across Malaysia. This collaboration marks a significant step in both companies’ efforts to contribute to Malaysia’s growing renewable energy sector, particularly in the generation of […]
In Texas, Utility Global, the off-gas-to-value company pioneering its proprietary eXERO gas production technology optimized for hard-to-abate industries, today announced that it has raised $53 million of an ongoing Series C financing led by the OPG Pension Plan and joined by multinational steel company, ArcelorMittal S.A. via its XCarb Innovation Fund, alongside current investors Ara […]
In Oman, Asyad Group, in collaboration with OQ Alternative Energy and Sumitomo Corporation Middle East FZE, announced a joint study agreement to explore the potential of establishing Oman as a global leader in low-carbon fuels for bunkering. This visionary initiative represents a pioneering step in promoting sustainable shipping practices to meet global decarbonization goals in […]
In Brazil, HIF Global announced its first project in Brazil, after signing a land reservation contract with Port of Açu, one of Brazil’s main ports, to develop a facility to produce up to 800,000 tons per year of e-Methanol. Pursuant to the land reservation contract formalized at a ceremony held during the energy fair ROG.e […]
In Texas, Honeywell announced it has signed an agreement with USA BioEnergy (USABE) to implement its Experion PKS Distributed Control System (DCS) and safety system at USABE’s new Texas Renewable Fuels Bon Wier advanced biorefinery, which is designed to convert wood waste into sustainable aviation fuel (SAF). This collaboration underscores Honeywell’s alignment of its portfolio […]
In the UK, Federal Express Corporation announces its transition to using biofuels in linehaul trucks at three UK sites as of this month. More than 170 trucks – all tractor-trailer combinations – will now refuel with hydrotreated vegetable oil (HVO) across FedEx locations in Parkhouse (80 tractors), Marston Gate (54 tractors), and Atherstone (38 tractors). […]
In Florida, the International Air Transport Association (IATA) will create the Sustainable Aviation Fuel (SAF) Matchmaker to link airlines and SAF suppliers. The development was announced at the World Sustainability Symposium (WSS) with an expected launch date in the first quarter of 2025. Specifically, the SAF Matchmaker will address three critical issues: Connectivity: SAF producers […]
In Brazil, Bloomberg reports Petrobras is exploring the production of jet fuel from corn- or sugarcane-based ethanol as part of its major $16.7 billion investment package through 2028, but logistics will be crucial. In order to make the investment work, ethanol pipelines would likely be required to supply the feedstock directly to refineries. Brazil is […]
In Minnesota, the first 7,000-gallon shipment of blended SAF made from Minnesota/North Dakota-grown winter camelina arrived at the Minneapolis-St. Paul International Airport fueling facility. Delta Air Lines has designated flight DL 2732 from Minneapolis to New York on Sept. 25, 2024, as the symbolic first flight to be fueled in part by SAF from MSP […]
