Category: Fuels

DOE offices release net-zero progress report for off-road sector

DOE offices release net-zero progress report for off-road sector

May 8, 2024 |

In Washington, the U.S. Department of Energy’s (DOE) Bioenergy Technologies Office (BETO), Vehicle Technologies Office (VTO), and Hydrogen and Fuel Cell Technologies Office (HFTO), have jointly released the Progression of Net-Zero Emission Propulsion Technologies for the Off-Road Sector Request for Information (RFI). The purpose of this RFI is to understand the off-road sector alternative propulsion technology preferences, technologies that seem […]

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Trafigura buys Greenergy’s Canadian supply operations

Trafigura buys Greenergy’s Canadian supply operations

May 8, 2024 |

In Canada, Trafigura has expanded its agreement with Brookfield Asset Management and its listed affiliate Brookfield Business Partners to include Greenergy’s Canadian supply operations for an undisclosed sum. This complements Trafigura’s proposed acquisition of Greenergy’s European operations announced on March 4, 2024. The acquisitions are subject to customary closing conditions and regulatory approvals. Ben Luckock, […]

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BCG buys SAFc from World Energy to reduce 100,000 tons of CO2 in five years

BCG buys SAFc from World Energy to reduce 100,000 tons of CO2 in five years

May 8, 2024 |

In Massachusetts, Boston Consulting Group (BCG) has signed an agreement for the purchase of sustainable aviation fuel certificates (SAFc) with World Energy, the sustainable aviation fuel (SAF) producer and low-carbon solutions provider. A key part of BCG’s commitment to achieving net zero climate impact by 2030, the agreement will run through 2028. It is expected […]

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Spain’s Official Credit Institute invests $16M in MAPFRE’s biomethane investment fund

Spain’s Official Credit Institute invests $16M in MAPFRE’s biomethane investment fund

May 8, 2024 |

In Spain, Spain’s Official Credit Institute (ICO in Spanish) is showing its support for the fund known as MAPFRE Energías Renovables II, FCR. The insurance group, together with its partner, IAM Carbonzero, launched this innovative vehicle last year, as the first fund in Europe dedicated to investment in biomethane, a 100% green biofuel derived from […]

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Bunker Holding and SyntexNRG enter renewable methanol production deal

Bunker Holding and SyntexNRG enter renewable methanol production deal

May 8, 2024 |

In New York state, Bunker Holding A/S and SyntexNRG Inc. have entered into an agreement for the development and production of renewable methanol to supply the fuel at the ports where Bunker Holding has physical operations located around the world. Commenting on the announcement, Carlos G. Torres, Global Head of Methanol and Strategic Partnerships at […]

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Suzano Ventures invests $5M in Canadian startup Bioform Technologies

Suzano Ventures invests $5M in Canadian startup Bioform Technologies

May 8, 2024 |

In Brazil, Suzano Ventures, the corporate venture capital arm of Suzano, the world’s largest market pulp producer, has made a strategic investment into the Canadian materials science startup, Bioform Technologies. The investment provides up to $5 million towards the company’s seed round, enabling it to accelerate the development of its novel bio-based plastic alternatives. The […]

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Cemvita successfully produces HEFA from waste carbon sources with eye on SAF

Cemvita successfully produces HEFA from waste carbon sources with eye on SAF

May 7, 2024 |

In Texas, Cemvita announced a significant breakthrough enabling the company to produce substantial quantities of its Sustainable Oil from waste carbon sources. This landmark achievement marks a pivotal step forward in the production of low-carbon intensity feedstocks for HEFA sustainable aviation fuel (SAF), representing a significant opportunity to reduce carbon emissions and combat climate change. […]

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TPG Rise Climate to acquire Olympus Terminals

TPG Rise Climate to acquire Olympus Terminals

May 7, 2024 |

In California, TPG Rise Climate, the dedicated climate investing strategy of TPG’s global impact investing platform TPG Rise, announced that it has signed a definitive agreement to acquire Olympus Terminals, a leading independent storage provider for renewable fuels and refined products in Southern California, majority owned by an affiliated investment fund of Davidson Kempner Capital […]

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Gevo and ClearFlame Engine Technologies team up to authenticate biofuels’ CI

Gevo and ClearFlame Engine Technologies team up to authenticate biofuels’ CI

May 7, 2024 |

In Colorado, Gevo, Inc. along with its wholly owned subsidiary, Verity Holdings, LLC, and ClearFlame Engine Technologies, Inc., announced a collaboration to drive decarbonization traceability from field-to-fleet for the road freight transportation market in the United States, which consumes an estimated 29 billion gallons of fuel every year.  Under this collaboration, the parties intend to […]

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CMM lands $94M investment in its ethanol powered Platform Supply Vessels in Brazil

CMM lands $94M investment in its ethanol powered Platform Supply Vessels in Brazil

May 7, 2024 |

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 […]

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