In Brazil, Compagnie Maritime Monegasque (CMM) announced the closing of up to $94 million in financing. The transaction was funded by Summit Ridge Capital Partners. Panorama Capital Partners sourced and advised on the transaction, and participated as a co-investor. This financing enables CMM to recompose its shareholder structure and to expand its fleet. As part […]
In the UK, Virgin Atlantic has shared headline results from Flight100, the first transatlantic flight on 100% Sustainable Aviation Fuel (SAF), proving not only that the SAF used for the flight is safe to use with existing infrastructure and delivers material reductions in CO2, but can also improve local air quality, contribute to a reduction […]
In Brazil, last week the manager of the Industrial Committee of the Rural Producers Cooperative (Cooperfarms) filed with the National Bank for Economic and Social Development (BNDES), in Rio de Janeiro/RJ, a project proposal to build a corn and sorghum ethanol plant in western Bahia, initiated by the cooperative. The expectation is that the construction […]
In Switzerland, a new report from the IUCN Oil Crops Taskforce assesses the future environmental, economic and social impact of the production, trade and the consumption of vegetable oils. The report, published by IUCN in collaboration with the Sustainable Nutrition Scientific Board, found that growing demand for vegetable oils could translate into the conversion of natural areas into […]
In the UAE, the Financial Times reports Mubadala Capital plans to invest $13 billion in sustainable aviation fuel and renewable diesel in Brazil in five $2.7 billion “modules” through its energy company Acelen. Each of the five planned facilities, the first of which is set to be online by the end of 2026, will produce […]
In Singapore, Fortescue, with support from the Maritime and Port Authority of Singapore (MPA), government agencies, research institutes, and industry partners, has successfully completed propulsion and manoeuvrability trials of its Singapore-registered Fortescue Green Pioneer in the Port of Singapore. The trials were conducted using 6.4 m3 (4.4 metric tons) of liquid ammonia, in combination with […]
In Brazil, Ukragroconsult reports the Mato Grosso Institute of Agricultural Economics (Imea) data shows about a quarter of the state’s corn production when to ethanol in the 12 months ending in March 2024. Ethanol production during that period rose 39% on the year to 4.54 billion liters using more than 10 million metric tons of […]
In Singapore, Neste and the Singapore Airlines (SIA) Group have signed an agreement for the purchase of 1,000 metric tons of neat Neste MY Sustainable Aviation Fuel. This will make SIA and Scoot, the two airlines in the Group, the first carriers to receive sustainable aviation fuel (SAF), produced at Neste’s refinery in the country, […]
In Indonesia, the Vietnam News Agency reports that the government plans to dedicate 2 million hectares of sugarcane in Papau to produce ethanol as part of its efforts to gain energy independence and improving air quality. It is also exploring the use of corn and seaweed as feedstock. The president signed a decree in mid-April […]
In Spain, Carbon Clean has achieved a fabrication milestone on Ørsted’s FlagshipONE project, Europe’s largest commercial-scale eMethanol facility under construction. The first equipment has been mounted on the structural steel of the first module, marking the start of the module assembly process. Once operational, Carbon Clean’s technology will be capable of capturing 70,000 metric tons […]
