Category: Fuels

International-Matex Tank Terminals updates credit facility linking to sustainability targets

International-Matex Tank Terminals updates credit facility linking to sustainability targets

July 17, 2023 |

In Louisiana, International-Matex Tank Terminals announced that ITT Holdings LLC has successfully amended its existing revolving credit facility to include incentive pricing terms related to achieving various Sustainability Performance Targets. The Facility represents the Company’s inaugural Sustainability-Linked Loan and is issued under IMTT’s recently developed Sustainability Linked Issuance Framework. The Framework outlines key performance indicators […]

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Evogene lands $8.5M in private placement

Evogene lands $8.5M in private placement

July 17, 2023 |

In Israel, Evogene Ltd. has entered into securities purchase agreements with institutional investors (including SilverArc Capital Management, Altium Capital Management, LP and CVI Investments, Inc.) for the purchase and sale of 8,500,000 ordinary shares in a registered direct offering at a purchase price of $1.00 per ordinary share. The closing of the offering is expected […]

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Maersk’s first methanol ship sets sail to Copenhagen from South Korea

Maersk’s first methanol ship sets sail to Copenhagen from South Korea

July 17, 2023 |

In South Korea, Safety4Sea reports Maersk’s first methanol ship has set sail from the Hyundai Mipo Dockyard in Ulsan on its way towards Copenhagen. The 2,100 TEU container ship was bunkered with ISCC certified green biomethanol by OCI. The company expects to receive the rest of its methanol-fueled fleet in 2024, so this closely watched […]

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Italy moves forward with biogas-to-biomethanol production

Italy moves forward with biogas-to-biomethanol production

July 17, 2023 |

In Italy, the Milano Post reports an innovative industrial plant capable of producing biomethanol from biogas, the result of a five-year effort by the Politecnico di Milano and Fattoria Autonoma Tabacchi SC, is now a reality, thanks to BIGSQUID (Biogas-to-liquid) technology. The project was presented in Rome during the Confagricoltura annual meeting. The plant, operating […]

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Carbon Capture Scotland teams with Iona Capital to capture CO2 at UK biomethane plants

Carbon Capture Scotland teams with Iona Capital to capture CO2 at UK biomethane plants

July 17, 2023 |

In the UK, Carbon Capture Scotland (CCS) and Iona Capital have announced a new agreement to capture and reuse green carbon dioxide (CO2) from Iona’s biomethane plants across the UK. This partnership aims to create dry ice for use in various industries, including food, cold logistics, and pharmaceuticals. The agreement builds upon their existing collaboration […]

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Melodea unveils new biobased food packaging coating

Melodea unveils new biobased food packaging coating

July 15, 2023 |

In Israel, Melodea introduced its newest innovation, MelOx NGen, a high-performance barrier product specifically engineered to allow for the recyclability of plastic food packaging.  MelOx NGen is a water-based, plant-sourced coating designed to line the inside surface of numerous forms of plastic food packaging such as films, pouches, bags, lidding, and blister packs used to […]

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Plug Power secures 100 MW electrolyzer deal for green hydrogen project in Europe

Plug Power secures 100 MW electrolyzer deal for green hydrogen project in Europe

July 15, 2023 |

In New Jersey, Plug Power said it has secured an order for 100 megawatts (MW) of proton exchange membrane (PEM) electrolyzers.  The firm said that the electrolyzers will be powered by 100% renewable energy and will generate approximately 43 tons of green hydrogen per day to replace gray hydrogen in the oil refining process. This […]

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Aemetis India subsidiary secures contracts worth $20 million

Aemetis India subsidiary secures contracts worth $20 million

July 15, 2023 |

In California, Aemetis, a renewable natural gas and renewable fuels company, announced that its Universal Biofuels subsidiary in India has been awarded an initial $20 million of cost-plus contracts for delivery to government-owned oil companies during the third quarter.   The firm said that an initial 18,000 kiloliters of biodiesel of cost-plus biodiesel contracts for […]

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Lhyfe selected by Epinal Urban Community to create a green and renewable hydrogen production site 

Lhyfe selected by Epinal Urban Community to create a green and renewable hydrogen production site 

July 15, 2023 |

In France, Lhyfe said it has been selected by Epinal Urban Community following the consultation led by the local development association Vosj’Innove, for the creation of a green hydrogen fuel chain due in late 2027. Lhyfe aims to build a site producing green and renewable hydrogen for otherwise-difficult-to-decarbonize uses in the transport sector (e.g. trucks, […]

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Peninsula completes first SAF delivery to DS NORDEN

Peninsula completes first SAF delivery to DS NORDEN

July 15, 2023 |

In Ireland, Peninsula said it has completed its first sustainable biofuel delivery to DS NORDEN.  Peninsula’s BIO blend (VLSFO B24) was derived from used cooking oil (UCO) and delivered by the chemical tanker, Hercules Sky, one of the latest vessels to join the Peninsula fleet. The receiving vessel was NORDEN’s 62,594 dwt bulk carrier, La […]

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