In Japan, NYK held a ceremony on Monday to break ground at a site in Chiba Prefecture where the company will install a test engine facility to evaluate the safety of biofuels and accelerate their practical application. The NYK Group will complete the installation of the test engine in June and analyze the biofuel in […]
In Washington state, Nola Capital Corporation announced results of its bioenergy and waste-to-energy survey. The survey received confidential responses from more than 100 public and private businesses in 23 states that included bioenergy companies, waste-to-energy companies, lenders, investors and industry consultants. The amount of financing being requested for projects ranged from a low of $12 […]
In Portugal, the Sapo newspaper reports BioAdvance’s EUR22 million investment in advanced biofuel production in Figueira da Foz is about to be commissioned, which will start with a production of 20,000 tons per year and within “two to three years” will increase capacity to 200,000 tons per year, projecting the Portuguese manufacturer as one of […]
In California, ZymoChem closed a $21 million Series A round. The investment is led by Breakout Ventures with participation from new investors including lululemon athletica, inc. and Toyota Ventures, and existing investors including GS Futures, KdT Ventures, and Cavallo Ventures. By pairing this financing with existing revenues from commercial partnerships and funding from the U.S. Department […]
In Iowa, POET and Summit Carbon Solutions (Summit) announced a partnership connecting the world’s largest biofuel producer with the world’s largest carbon capture and storage project. This collaboration brings together two entities—both founded upon creating new agricultural markets and supporting rural communities—to capture the value of the biogenic CO2 from the bioethanol production process. The […]
In Texas, Darling Ingredients Inc. and Valero Energy Corporation announced that the companies have made the final investment decision on a Sustainable Aviation Fuel (SAF) project at the Diamond Green Diesel (DGD) Port Arthur plant, which is owned and operated by Diamond Green Diesel Holdings LLC, a 50/50 joint venture between Valero and Darling. Upon […]
In South Korean, the world’s first large methanol-enabled container vessel has been named “Ane Mærsk” at a ceremony in the shipyard of HD Hyundai Heavy Industries (HD HHI) in Ulsan, South Korea. The vessel is named after Ane Mærsk Mc-Kinney Uggla, the Chair of the A.P. Moller Foundation and A.P. Moller Holding. Ane’s eldest granddaughter […]
In Italy, Eni confirms its decision to build Italy’s third bio-refinery in Livorno. The project, first announced in October 2022 and followed by an application for Environmental Impact Assessment (EIA) in November 2022, is awaiting official authorisations and includes the construction of three new facilities for the production of hydrogenated biofuels: a biogenic feedstock pre-treatment […]
In Estonia, last week Baltic Workboats AS signed a contract for the design and construction of a new multipurpose vessel with the Estonian State Fleet. The vessel will be powered by biomethane and electricity to guarantee ecological sustainability and will be completed in 2026. The new workboat will enhance the capacity for regular buoy tender […]
In Washington, Growth Energy, the nation’s largest biofuel trade association, released updated data today showing that American drivers recently surpassed a massive milestone: 100 billion miles driven on affordable, homegrown E15 fuel. The 15-percent biofuel blend is saving motorists nationwide an average of up to 15 cents per gallon at the pump. And in some […]
