In Saudi Arabia, Zawya reported that local chemicals firm Methanol Chemicals Company (Chemanol) secured financing for the equivalent of $64 million to fund the expansion project of its methanol plant. According to the report, the project will increase the production capacity of the plant, reduce production costs and improve the company’s profitability. In January 2022, […]
In Ireland, sustainable energy pioneer XFuel announced it has secured €8.2 million in its latest round of investment, laying the foundation for the commercialization of its next-generation synthetic diesel, marine and jet fuel technology. XFuel’s patented technology efficiently converts biomass waste into low-cost, drop-in fuel that can be used in road, marine, and aviation applications. […]
In California, SK Innovation, the energy arm of South Korea’s SK Group has completed a $20 million equity investment in Fulcrum Bioenergy. In addition, Fulcrum and SK Innovation will work together to enter into an exclusive licensing agreement providing the opportunity to explore the possibilities of bringing Fulcrum’s patented and proprietary waste-to-fuel process to South Korea […]
In Ireland, Gevo, Inc announced a new fuel sales agreement with Aer Lingus, which is owned by International Airlines Group (IAG). The Agreement provides for Aer Lingus to purchase 6.3 million gallons per year of sustainable aviation fuel (SAF) for five years from Gevo’s future commercial operations. Aer Lingus expects to commence fueling its aircraft […]
In Washington, the Energy Information Administration says prices of renewable identification number (RIN) credits—a compliance mechanism used for the Renewable Fuel Standard (RFS) program administered by the U.S. Environmental Protection Agency (EPA)—have remained high in 2022. So far this year, RINs generated by biomass-based diesel (biodiesel and renewable diesel) production, known as D4 RINs, peaked […]
In Canada, Green Impact Partners has secured an additional dairy for the Iowa RNG Project, bringing the total number of dairies to three. Construction is anticipated to start in late 2022, with RNG production commencing in late 2023 or early 2024. Capital costs are expected to be approximately C$100 million, and the Company anticipates up […]
In Germany, to put its major industrial scale-up plans for alkaline and solid oxide (SOEC) electrolyzers into action, Sunfire has applied for IPCEI funding. Now, the company has taken a major step in the ongoing approval procedure: The German Federal Ministry for Economic Affairs and Climate Action has granted an early start to measure. Robert […]
In Australia, Horizon Power has signed a non-binding Memorandum of Understanding with FutureEnergy Australia to investigate opportunities to establish a renewable diesel industry in regional Western Australia. FutureEnergy Australia, an incorporated joint venture between WA based Carnarvon Energy and Frontier Impact Group, was formed to build and operate renewable fuel biorefineries in regional Western Australia. […]
In Texas, for the first time in aviation history, a CORSIA-certified batch of sustainable aviation fuel (SAF) was delivered to a commercial airline. American Airlines took possession of a batch of Neste MY Sustainable Aviation FuelTM at San Francisco International Airport. Neste is the world’s leading SAF producer and delivered the batch as a part […]
In North Carolina, Honeywell Ventures has contributed to Electric Hydrogen’s Series B round financing. Honeywell joins a select group of investors and banks to bring the total funding for the round to $198M. Electric Hydrogen (EH2) is developing a new generation of electrolyzer technologies to split water into hydrogen and oxygen, which when powered by […]
