Category: Fuels

Stena RoRo’s latest vessel runs on multiple fuels including biodiesel and batteries

Stena RoRo’s latest vessel runs on multiple fuels including biodiesel and batteries

February 12, 2024 |

In Sweden, Stena RoRo’s tenth E-Flexer series was delivered from the CMI Jinling, Weihai Shipyard. The vessel, named Ala’suinu, will be on a long charter agreement with the Canadian state-owned Marine Atlantic and operate a ferry line in eastern Canada between Newfoundland and Nova Scotia. The vessels’ engines are of the multi-fuel type and can […]

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COLIPI lands $1.94M in seed funding for bio-based oils

COLIPI lands $1.94M in seed funding for bio-based oils

February 12, 2024 |

In Germany, COLIPI recently received €1.8 million seed funding for further development of CO2-Neutral Climate OilTM, led by venture capital firm HTGF along with Innovationsstarter Fonds Hamburg, Nidobirds, and business angel Stefan De Loecker. Grants totaling €4.3 million complement the funding that will be used to enter the market with Climate Oil and scale precision […]

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Renewable fuel market to surpass $2 trillion by 2031, research finds

Renewable fuel market to surpass $2 trillion by 2031, research finds

February 10, 2024 |

In Delaware, a new report published by Allied Market Research stated that the renewable fuel market size was valued at $955 billion in 2021, and is estimated to reach $2 trillion by 2031.  The report noted that the market is forecast to expand at a CAGR of 7.9% from 2022 to 2031.  “The renewable fuel […]

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Pakistan’s largest biogas plant opens in Gujjar Colony

Pakistan’s largest biogas plant opens in Gujjar Colony

February 10, 2024 |

In Pakistan, The Express Tribune reported that the biggest biogas plant of Pakistan was inaugurated in Gujjar Colony. The compressed biogas plant has the capacity to produce 600 cubic meters of gas daily. As much as 1,600 kilograms of dung would be used in the biogas plant daily to produce 16,000kg of organic fertilizer, according […]

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Gasum invests to expand biogas plant in Finland

Gasum invests to expand biogas plant in Finland

February 10, 2024 |

In Finland, Finnish energy company Gasum has decided to invest $ 8.08 million in a project aimed at expanding and enhancing the current biogas plant in Riihimäki, Finland.  Operational since 2016, the plant contributes around 45 gigawatt hours (GWh) of biomethane annually to the gas transmission network, meeting industrial and transportation needs for renewable energy, […]

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ACC issues principles to support growth of biobased plastics innovation in U.S.

ACC issues principles to support growth of biobased plastics innovation in U.S.

February 10, 2024 |

In Washington D.C., The American Chemistry Council’s Plastics Division (ACC) released a set of principles and definitions to promote policies that support responsible growth of commercially available and viable biobased plastic production and bolster solutions that can help U.S. companies reach their sustainability goals more rapidly. “Moving to more recycled and renewable materials for plastic […]

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Thai oil firm PTG Energy invests in waste-to-energy sector

Thai oil firm PTG Energy invests in waste-to-energy sector

February 10, 2024 |

In India, BNN Breaking reported that PTG Energy, an oil trading company in Thailand, has made a strategic investment in the waste-to-energy (WTE) sector. According to the report, the company recently acquired additional shares in Thai Paiboon, a local refuse-derived fuel (RDF) producer and distributor, with an aim to hold a 33.3% stake.  Thai Paiboon […]

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Sulapac, Verescence and Albéa Cosmetics & Fragrance cooperate on refillable glass jar with biobased lid

Sulapac, Verescence and Albéa Cosmetics & Fragrance cooperate on refillable glass jar with biobased lid

February 10, 2024 |

In Finland, Finnish material innovation company Sulapac said it partnered with French packaging experts Albéa and Verescence to offer beauty brands around the world a sustainable luxury packaging. The first launch of the collaboration is TWIRL, a 50 ml refillable glass jar with a lid made of biobased and recyclable Sulapac material, that has a […]

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Global biofuel market to surpass $298.9 billion by 2032, research finds

Global biofuel market to surpass $298.9 billion by 2032, research finds

February 10, 2024 |

In Delaware, a report by Global Market Insights stated that the biofuel market is expected to reach $298.9 billion by 2032. “The rising environmental consciousness, the introduction of innovative fuels, and stringent emission regulations will accelerate the business growth. Increasing awareness of the environmental impact of traditional fuels will propel demand for sustainable alternatives,” the […]

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Sherbacow pleads guilty to wire fraud, awaits sentencing

Sherbacow pleads guilty to wire fraud, awaits sentencing

February 8, 2024 |

In Washington, Acting Assistant Attorney General Nicole M. Argentieri of the Justice Department’s Criminal Division and Assistant Director in Charge David Sundberg of the FBI Washington Field Office announced that Bryan Sherbacow, founder and former CEO of a sustainable fuel company, Alder Energy LLC dba Alder Fuels, pleaded guilty today one count of wire fraud […]

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