In Washington, as part of President Biden’s Investing in America agenda, a key pillar of Bidenomics, the U.S. Department of Energy (DOE) announced $7 billion to launch seven Regional Clean Hydrogen Hubs (H2Hubs) across the nation and accelerate the commercial-scale deployment of low-cost, clean hydrogen—a valuable energy product that can be produced with zero or […]
In Washington, Engine Technology Forum has released the white paper Benefits of Renewable Bio-Based Diesel Fuels developed by Transport Energy Strategies, a leading consultancy on global transport energy issues. Renewable biobased fuels, such as biodiesel and renewable diesel, are a proven and available strategy for immediately reducing greenhouse gas and other emissions. This is true […]
In Texas, Vertex Energy, Inc. has formally named BofA Securities, Inc. as Vertex’s strategic financial advisor to assist with the company’s renewable fuels and sustainable products growth strategy. During this engagement, the company expects to review various potential strategic transaction opportunities aimed at strengthening the balance sheet to support growth acceleration and asset development in […]
In the Netherlands, 123Carbon has completed an insetting pilot with Chevron by tokenizing the emissions reductions associated with bunkering of biofuel for Chevron-owned vessel in Singapore. This successful pilot allows for further introduction of carbon insetting capabilities to other third-party customers. 123Carbon provides the blockchain-based platform to create the inset and enables customers to create […]
In Finland, Valmet said it will supply a biomass plant to Göteborg Energi AB in Gothenburg, Sweden. Göteborg Energi is building a new plant to produce energy and district heat from renewable and recovered sources by 2025. The order will be included in Valmet’s orders received of the fourth quarter 2023. The value of the […]
In France, Arkema said it further decreased by 46% the carbon footprint of its bio-based Rilsan polyamide 11 grades reaching less than 2 kg CO2e/kg, by using renewable or low carbon energy sources and by making several energy efficiency improvements in its production sites. The firm said that this represents an improvement of around 70% […]
In North Dakota, Biodiesel Magazine reported that China’s biomass-based diesel imports are expected to increase 40% this year. The report also noted that the country’s exports of biomass-based diesel fuels are also surging, according to a report filed with the USDA Foreign Agricultural Service’s Global Agricultural Information Network. According to the report, the export of […]
In India, Energetica India reported that Numaligarh Refinery Ltd (NRL), a subsidiary of Oil India, is gearing up to kick off ethanol production at its biorefinery in Assam, India, from March 2024. The Assam biorefinery is joint effort involving NRL and Finnish partners Chempolis and Fortum. The project will be India’s pioneer in utilizing bamboo […]
In Delaware, Future Market Insights reported that the biobased biodegradable plastic market is expected to be valued at $5.2 billion in 2023. The research also found that the market is predicted to expand at a 10% CAGR from 2023 to 2033, reaching a value of $13.6 billion by 2033. “Partnership between the public and business […]
In Canada, Calgary Herald reported that the Southern Alberta Energy from Waste Association has proposed a facility that would annually process up to 300,000 tons of municipal solid waste from the non-profit’s membership of southern and central Alberta municipalities and waste management jurisdictions, as well as other waste generators across southern Alberta. The association estimates […]
