In India, Ecoil has secured $360,317 in a funding round led by The Chennai Angels, with participation from AIC Banasthali Vidyapith Foundation, Shell India, and other high-net-worth individuals. Ecoil specializes in transforming used cooking oil and fats into biodiesel, offering comprehensive waste management solutions for manufacturers and fast-food outlets. The funds acquired will be used […]
In Japan, starting in fiscal 2024, NYK will conduct full-scale trials of long-term use of biofuels, which are considered to have net-zero CO2 emissions, in navigating its existing heavy oil-fired vessels. Moving forward from the previous short-term trials, NYK will comprehensively verify the safety and stable procurement of biofuels when used over a long period. […]
In Washington, as 2023 draws to a close and we prepare to flip the calendar forward to 2024, RFA President and CEO Geoff Cooper sat down with “The Ethanol Report” podcaster Cindy Zimmerman to discuss the renewable fuels industry’s many accomplishments over the past year. In short, 2023 was a fantastic year for the industry, […]
In Brazil, AMAGGI will take yet another important and innovative step towards the decarbonization of its operations. As of March 2024, the company will have its first farm where biodiesel (B100) will be the sole fuel used in machinery for operations. B100 will be used at Sete Lagoas Farm, in Diamantino (MT), in partnership with […]
In the UK, Wizz Air recently announced a £5 million investment in a biofuel company, Firefly. This is Wizz Air’s first equity investment in sustainable aviation fuel (SAF) research and development. The partnership with Firefly will allow the airline to supply SAF to its UK operations from 2028, up to 525,000 metric tons over 15 years. […]
In Canada, Petrox Resources Corp. has entered into a non-binding letter of intent to acquire all of the shares of M&L Renewable Technology International Ltd (“M&L”), a private Alberta corporation. M&L is a private company incorporated under the laws of Alberta, Canada, on June 6, 2019. M&L, working alongside M&L Renewable Energy Group Ltd. (“MREG”), […]
In Malaysia, Platts reports that palm oil prices are expected to recover next year thanks to increased demand following increases in biodiesel blending worldwide, while palm oil production is likely to remain stagnant in Indonesia and Malaysia. By the third quarter of 2024, analysts expect palm oil futures prices to reach beyond $850 per metric […]
In South Dakota, InForum reports that Ringneck Energy has come back online following an explosion in July. Ethanol production began again back in November, later than expected due to weather delays, which caused additional challenges. Farmers were forced to find additional storage for their corn while the plant was offline as corn bins were already […]
In the Netherlands, Titan Energy Holding, the parent company of Titan Clean Fuels (hereafter Titan) closed a successful funding round for a 45% equity stake with further follow-on rights from Molgas Energy, backed by infrastructure fund investor InfraVia Capital Partners. Molgas is a leader in small-scale downstream LNG and Renewable Gas supply and distribution in […]
In Iowa, Summit Carbon Solutions has acquired 80% of the Right-of-Way (ROW) needed for its proposed carbon capture, transport, and storage project across North Dakota. This significant milestone comes after the Public Service Commission (PSC) initially denied the Company’s permit, prompting the company to undertake extensive rerouting. Following the denial of Summit’s application by the […]
