In Thailand, Thaiger reported that the Thai Cabinet has given the green light for the promotion of ethanol in the production of bioplastics, aiming to develop more eco-friendly materials. The report noted that this decision supports the ethanol bioplastic manufacturing industry with tax exemptions for bioethylene, a key precursor in bioplastic pellet production. Current legislation […]
In New York, Uncaged Innovations, a biomaterials startup focused on sustainable leather alternatives, has raised a $2 million pre-seed round from investors, including InMotion Ventures, Jaguar Land Rover’s (JLR) investment arm. The funding will be used to launch the company’s next-generation high-performance vegan leather, a sustainable alternative to traditional animal products that do not compromise […]
In California, VGrid Energy Systems announced it has earned the U.S. Department of Agriculture (USDA) Certified Biobased Product Label for its Persist PAF liquid plant and soil enhancer. Persist PAF is a blend of organic acids and natural compounds. PAF packaging will display a unique USDA label highlighting its 100% biobased content. Third-party verification for […]
In New York, ReportLinker reported that the global methanol market is expected to grow from $30.9 billion in 2023 to $38 billion by 2028. According to the report, the global methanol market will expand at a CAGR of 4.2% during the period. The increasing demand for methanol for various derivatives such as formaldehyde, MTO/MTP, gasoline, […]
In Denmark, A.P. Moller – Maersk said it has secured green methanol for the maiden voyage of the world’s first methanol-enabled container vessel. Maersk has signed a deal with Dutch producer OCI Global on the delivery of green bio-methanol for the maiden journey. The 21,500 km trip from Ulsan, South Korea to Copenhagen, Denmark will […]
In Switzerland, VARO Energy will acquire 100% of the share capital in Renewable Energy Services, one of Europe’s leading biogas trading companies. The transaction strengthens VARO’s position in Europe by integrating its feedstock aggregation, manufacturing – VARO announced the acquisition of a 80% shareholding in Bio Energy Coeverden (BEC), one of the largest biogas facilities […]
In Texas, Vertex Energy, Inc. has received approval from the Environmental Protection Agency for the generation of D4 Renewable Identification Numbers credits under the federal Renewable Fuel Standard, for each gallon of renewable fuel produced at its refining facility located outside of Mobile, Alabama. Currently, the Company’s Mobile Facility is producing approximately 5,500 barrels per […]
In France, Indorama Ventures Public Company Limited and Carbios have signed a non-binding Memorandum of Understanding (MOU) to form a Joint Venture for the construction of the world’s first PET biorecycling plant in France. Based on and supject to the comprehensive terms set out in the MOU, Indorama Ventures plans to mobilize about €110 million […]
In Spain, Their Majesties the King of Spain, Felipe VI, and the King of the Netherlands, Willem- Alexander, witnessed the signing of a commercial partnership agreement between Cepsa and the Norwegian multinational Yara Clean Ammonia, a global leader in the field of clean ammonia, under which the two companies will set up the first green […]
In France, Rayonier Advanced Materials Inc. hosted a groundbreaking ceremony at its new second-generation bioethanol plant located in Tartas, Les Landes France, on June 15, 2023. The plant’s construction commenced in January 2023. RYAM’s new bioethanol plant will capture residual sugars from existing biomaterials refinement processes and convert those sugars into 2G bioethanol. This project […]
