In Greece, Diana Shipping announced that it has signed a letter of intent to order through Marubeni Corporation two 81,200 dwt methanol dual fuel new-building Kamsarmax dry bulk vessels, for a purchase price of $46 million each. The Greek company said that the ships will be built by Tsuneishi Group (Zhoushan) Shipbuilding Inc., in China. […]
In Austria, Spar Austria said it is adopting bio-based fuel in five regions across the country. The company said that nearly half of its 300 trucks supplying Spar stores across Austria, have been refueled with renewable Hydrotreated Vegetable Oil (HVO) since mid-September. The company noted that this fuel is made from used cooking oil and […]
In The Netherlands, Offshore Energy reported that Denmark-based NKT has certified its cable-laying vessel (CLV) NKT Victoria to use biofuels such as hydrotreated vegetable oil (HVO) as part of its decarbonization goals. NKT reported that the certification allows the reduction of carbon footprint from the vessel’s fuel consumption by more than 98%. According to the […]
In Rhode Island, Anaergia Inc. announced that its subsidiary Rhode Island Bioenergy Facility, LLC (“RIBF”) has closed a $20 million term loan with East West Bank, a California Corporation, to finance remaining construction and commissioning of the RIBF project in the Town of Johnston, Rhode Island, USA and working capital. This financing has a seven-year […]
In Washington, the Federal Aviation Administration announced nearly $300 million in funding for projects to help achieve America’s goal of net-zero emissions from aviation by 2050 as part of President Biden’s Investing in America Agenda, a key pillar of Bidenomics. The application window is now open for $245 million in Sustainable Aviation Fuels (SAF) infrastructure […]
In Switzerland, ADM and Syngenta Group have signed a memorandum of understanding (MoU) to collaborate in scaling research and commercialization of low carbon-intensity next-generation oilseeds and improved varieties to help meet skyrocketing demand for biofuels and other sustainably-sourced products. The MoU envisions a collaboration in which ADM and Syngenta would leverage their existing capabilities to […]
In Texas, Arkema, a leading producer of dimethyl disulfide (DMDS), is increasing its global production capacity of this additive at its Beaumont site in the United States. DMDS plays a crucial role in converting vegetable oils and agri-food waste into renewable fuels. This €130 million investment aligns with Arkema’s commitment to supporting the transition to […]
In Belgium, VIB-KU Leuven Center for Microbiology and AB Biotek, a department within Associated British Foods, have entered into a research collaboration to develop new yeast strains for bioethanol production. In their joint research, both institutes hope to meet the global demand for cleaner, greener fuels. Yeasts with relevant characteristics were screened, after which these […]
In Washington, more than a year after the IRA was passed, the Biden administration has yet to decide on the methodology or methodologies that may be used to determine which SAFs meet the required 50% reduction in greenhouse gas (GHG) emissions over their life cycle and can thus receive financial support. The International Council on […]
In Germany, BASF is obtaining long-term access to Qira bio-based 1,4-butanediol (BDO) from Qore, a joint venture of Cargill and Helm. BASF and Qore have concluded an agreement to this effect. Qore will produce the bio-based BDO at Cargill’s biotechnology campus and corn refining operation in Eddyville, Iowa. With Qira, BASF will expand its existing […]
