In Maryland, Enviva Inc. has entered into definitive agreements with board members and insiders for the issuance and sale of $250 million of equity securities to be priced using the market close price on March 1, 2023. The PIPE is led by affiliates of Enviva’s two largest shareholders, Riverstone Holdings LLC and Inclusive Capital Partners, […]
In the UK, the Royal Society has published a policy briefing analyzing the UK’s proposed net zero aviation fuels policy that takes a deep look into four available options for decarbonizing aviation in the UK, including long distance flights: biofuels, hydrogen, synthetic efuels and ammonia. The analysis looks at the different fuel options through the […]
In Austria, Lenzing has teamed up with NFW (Natural Fiber Welding Inc.) to offer TENCEL branded fibers as another backer option for NFW’s patented plant-based technology, MIRUM. MIRUM is a categorically unique material class, perfect for luxury accessories, fashion, footwear, automotive, and home goods. TENCEL Lyocell and Modal fibers are derived from sustainable wood sources […]
In New York, celebrated energy analyst Pavel Molchanov of Raymond James, essaying the prospects of Clean Energy Fuels Corp and affirming a Market Perform rating) noted that “Clean Energy’s business model is diversifying from its historical status as purely a fuel distributor towards starting in-house production of RNG in 2023. The growth story must be […]
In the EU, founders are celebrating the launch of the Low Carbon Biofuels Forum. Although the LCB-Forum has strong links with the EU-India cooperation on advance biofuels and was established during the EU-India-BCE Field Trip (please see: eu-india-bce.com/field-trip ) the Forum is international in nature and has already members from several EU Member States, India and […]
In Washington, Reuters reports the Environmental Protection Agency has proposed allowing year-round E15 in certain Midwest states, but the rule wouldn’t be implemented until the summer of 2024 despite Midwestern government asking for the restrictions on summer E15 sales be lifted before the 2023 summer driving season kicks off. The EPA will hold a public […]
In Washington, the Renewable Fuels Association released its 2023 Ethanol Industry Outlook and Pocket Guide this week during the 28th annual National Ethanol Conference in Orlando. The annual publications serve as the go-to source of ethanol industry information, facts, and statistics. In 2022, the U.S. ethanol industry regained the same momentum that fueled its remarkable growth following […]
In Singapore, IINO Kaiun Kaisha, Ltd. (IINO) conducted a trial on one of its vessels using a marine biofuel blend delivered in Singapore on December 18. The chemical tanker “Chemroad Echo” was supplied with B24 marine biofuel, consisting of 24% fatty acid methyl easter (FAME), blended with very low sulfur fuel oil (VLSFO). The biofuel […]
In Iowa, twenty-three Iowa locations in 16 different counties were awarded more than $1.1 million in cost-share grants from the Iowa Renewable Fuels Infrastructure Program (RFIP) during the latest quarterly application cycle. The RFIP helps fuel retailers provide higher blends of lower cost Iowa grown biofuels to consumers by incentivizing the installation, replacement and conversion […]
In Spain, Neste is aiming to establish an algae pilot production facility in Spain to further strengthen the growth of its global raw material pool. With this pilot, Neste strives to develop and demonstrate algae cultivation and processing. The project is currently in the planning phase with no final investment decision made yet. Due to […]
