In the UK, bp announced that it has agreed to acquire Archaea Energy Inc., a leading producer of renewable natural gas in the US. The agreed acquisition, which is subject to regulatory and Archaea shareholder approval, will be for $3.3 billion in cash, as well as around $800 million of net debt. Acquiring Archaea will […]
In Italy, Eni met with the president of Tuscany, and the mayors of Livorno and Collesalvetti to confirm that the company is investigating the opportunity to build a new bio-refinery at Eni’s industrial site in Livorno. The feasibility study involves building three new plants for the production of hydrogenated biofuel: a biogenic feedstock pre-treatment unit, […]
In Portugal, The Superbike Commission in early October agreed to introduce sustainable fuel for all WorldSBK classes starting from the 2024 season, with a minimum of 40% sustainable fuel content. This E40 fuel shall be compliant with the specification adopted for MotoGP. The decision was taken amongst other regulations guiding the sport. From F1 to […]
In Canada, Tidewater Renewables Ltd. announced that its majority owned subsidiary Rimrock Renewables Limited Partnership has entered into a 20-year offtake agreement with FortisBC Energy Inc. Under the offtake agreement, FortisBC expects to purchase up to 525,000 gigajoules of renewable natural gas annually from a new RNG facility located in Foothills County near High River, […]
In Australia, MicroBioGen officially opened its state-of-the-art laboratories in Macquarie Park in Northern Sydney. Three years in the making, these labs will produce our world-leading micro-organisms that are essential to industries worth over $2 trillion per year, including biofuels, alternative proteins, space exploration, sustainable human foods and animal feed. The new laboratories will allow the […]
In Sweden, Furetank has signed an agreement to sell Fure Valö and Fure Ven to Neste. The vessels will be delivered in October and December 2023, when the first of the seven new-buildings already ordered by Furetank and partners are scheduled to be delivered from the shipyard in Yangzhou. Since Furetank has a long-term contract […]
In New Jersey, startup RenewCO2 announced its spin-out from Rutgers University, securing an exclusive licensing to scale its novel catalyst technology to convert carbon from hard-to-abate sectors and transform it into a feedstock for carbon-negative, plastic monomers at a fraction of the cost of plastics derived from fossil sources. Founded by two immigrants out of […]
In the Netherlands, ChainCraft, a Dutch scale-up active in circular chemical production is proud to announce it closed a EUR11 million funding round and secured the upcoming equity funding for its full scale flagship plant. ChainCraft produces circular chemicals from food waste through innovative fermentation technology, replacing fossil and palm oil based chemicals. For this […]
In Argentina, the Clarin newspaper reports that everything indicates that the local biofuel market is preparing to close a good year. On the one hand, the production of ethanol from corn, focused on the local market, maintained a historically high production rate during the first seven months of 2022 and its input/output ratio remains above […]
In Missouri, Bunge and Olleco, the renewables division for ABP Food Group, announced an agreement to form a 50/50 joint venture to create a business that encompasses the full life-cycle of edible oils. The joint venture is expected to work with foodservice and food manufacturing customers in Europe – excluding UK and Ireland – to […]
