In India, Data Bridge Market Research reported that global biobased polymer market will reach a value of $12.2 billion by 2029, compared to a value of $7.92 billion last year. According to the study, the market is expected to grow at a CAGR of 5.50% during the 2022-2029 period. “One of the most important markets […]
In Sweden, PowerCell Group said that, together with its partners e1 Marine, Maritime Partners and RIX Industries, it successfully completed a string test of the company’s respective technologies, simulating a 200 kW propulsion chain for methanol to hydrogen power. As part of the test, the partners took methanol as a fuel and converted it to […]
In the Netherlands, Offshore Energy reported that methanol producer and supplier Proman has signed a memorandum of understanding (MoU) with the Lithuanian Port of Klaipeda to support the implementation of future methanol bunkering in or near the port. Under the terms of the agreement, Proman will support the Lithuanian port in planning, designing and implementing […]
In China, China Daily reported that local auto maker Geely is confident about business opportunities in the methanol market. “Methanol vehicles will bring about great business opportunities for both the auto industry and the energy industry,” said Li Shufu, chairman of Zhejiang Geely Holding Group. “I am confident in the green methanol sector and the […]
In the Netherlands, the Green Village, iCircl and the Province of South Holland opened the new living lab Biobased Boulevard, with the aim of accelerating the use of natural materials in construction. This living lab, part of fieldlab The Green Village on TU Delft Campus, will help to use biobased building materials in construction and […]
In Singapore, Bloomberg reports the country imported a record amount of used cooking oil from China in May, mostly due to increased demand from Neste’s biorefinery. May imports were at 48,832 metric tons, 18% higher than in April and nearly double that of May 2022. China’s total UCO exports rose 9% in May to 151,428 […]
In Australia, a new pilot biorefinery plant in Queensland has been built by Mercurius Australia in Mackay. It makes use of waste from one of the region’s most well-known crops, sugarcane, turning crop waste, bagasse, into renewable diesel and sustainable aviation fuel. The plant is based at Queensland University of Technology’s Renewable Biocommodities Pilot Plant. […]
In Finland, Neste Corporation, Gasgrid Finland Ltd, Helen Ltd, and Vantaa Energy Ltd have in collaboration started preliminary studies on the development of an industrial hydrogen valley in the Uusimaa region, Finland. This joint effort is a step forward in driving Finland towards a leading hydrogen economy in Europe that creates industrial investment opportunities and […]
In the UAE, Astomos Energy Corporation and INPEX announced they completed the supply of B24 biofuel bunker to a Very Large Gas Carrier (VLGC) chartered by Astomos. Based on an agreement between the two parties announced on May 11, 2023, INPEX supplied B24 biofuel to the VLGC “LYCASTE PEACE” at Sharjah port in the emirate […]
In Belgium, following its first call for proposals, the Circular Bio-based Europe Joint Undertaking (CBE JU) has recently signed its first 21 grant agreements. A total of 293 beneficiaries from 27 countries across the EU and beyond will receive a total of €116 million in funding for the development of new bio-based products and materials, first-of-their-kind […]
