In Germany, CropEnergies AG has acquired a 50% stake in the Dutch start-up for biobased chemicals Syclus BV, Maastricht. for EUR1.8 million. The goal is to build an industrial scale plant for the production of renewable ethylene from renewable ethanol. Ethylene is a basic chemical usually made from fossil oil and gas and is widely […]
In Estonia, UCO Network, the first blockchain-based ESG-focused biofuel platform and the VeChain Foundation, overseer of the world’s leading sustainability-focused public blockchain, VeChainThor, are thrilled to announce a long-term partnership to build infrastructure for the global used cooking oil industry, opening a plethora of new opportunities within the advanced biofuel sector. UCO Network provides used […]
In Canada, Loop Energy, a designer and manufacturer of hydrogen fuel cells for commercial mobility, unveiled its landmark 120 kW fuel cell system at IAA Transportation 2022 in Hannover, Germany on Monday. The announcement marks a milestone for Loop Energy as it believes this new product is a significant achievement in advancing the global hydrogen […]
In Finland, building on its capability of proactive transformation, Neste has launched a strategic study on transitioning its refinery in Porvoo, Finland to non-crude oil refining and into a globally leading renewable and circular solutions site. Through co-processing and retrofitting of units, and benefiting from available refining assets, experience and know-how, Neste targets to significantly […]
In Washington state, Holland America Line completed the cruise industry’s first multiweek test of biofuels on board Volendam at Port of Rotterdam in the Netherlands. The 20-day test was conducted in partnership with GoodFuels, a leading producer and supplier of sustainable biofuels for the transportation industry, and Wärtsilä, a global leader in power and propulsion technologies and […]
In Austria, OMV and Ryanair have signed a Memorandum of Understanding to supply sustainable aviation fuel (SAF) at Ryanair airports across Austria, Germany, and Romania. While the limited production of SAF remains a global aviation issue, this MoU agreement gives Ryanair unique access to purchase up to 160,000 tons (53 million gallons) of SAF from […]
In France, Repsol signed a purchase order for a volume of Global Bioenergies’ full-bio-ETBE to be used for formulation and performance assessment of gasoline. Standard ETBE, which is added up to around 15% in current gasoline, is only partially renewable as it is currently produced from renewable ethanol combined with fossil isobutene. To produce full-bio-ETBE, […]
In Germany, CropEnergies is continuously assessing the capacity utilisation of all its renewable ethanol production plants. Given the multiplication in energy and power prices in combination with continuously high raw material prices, the pressure on the cost side is increasing. Particularly from January 2023 onwards, CropEnergies can only to a declining extend benefit from hedging […]
In Iowa, Summit Carbon Solutions has engaged CIBC World Markets Corp. (CIBC) as financial structuring advisor for the company’s $4.5 billion project, which will be capable of capturing and permanently storing more than 12 million tons of carbon dioxide every year. CIBC will partner with Morgan Stanley in advising Summit Carbon Solutions on project-level debt […]
In Switzerland, Swiss sports brand On presents the first shoe made from carbon emissions, called Cloudprime. This is a significant moment in On’s journey to move away from petroleum-based resources by creating a new foam material called CleanCloud™, made using carbon emissions as a raw material. On is the first company in the footwear industry […]
