In Australia, ANL, a subsidiary of the CMA CGM Group announced the success of the first biofuel trial on a containerized shipping vessel within Oceania. The trial, undertaken on ANL’s AAX1 service was a 42-day rotation, commencing in Brisbane, travelling via Southeast Asia and then onto key Australian ports. The international shipping service carries a […]
In Switzerland, a group of leading mobility and impact venture capital funds, including BMW i Ventures as lead investor, has completed a $35 million investment in sustainable lightweighting specialists Bcomp, as the Swiss scale-up closed its Series B financing round this month. Its natural fiber-based sustainable lightweighting solutions enable substantial weight- and CO2 emission reductions […]
In Brazil, Braskem and Sojitz have signed an agreement to establish a joint venture which will produce and market bioMEG (monoethylene glycol) and bioMPG (monopropylene glycol). Subject to the conclusion of technology development in 2022, the business plan includes the construction of three industrial units, with the startup of the first plant in 2025, taking […]
In New York state, Green Rock Energy Partners LLC, a sustainable infrastructure focused private equity firm which invests in renewable energy companies and projects, has officially launched. The firm’s founding, by five seasoned veterans of the traditional commodities sector, reflects the energy industry’s changing tide, away from fossil-based products to carbon-neutral solutions. Green Rock’s investments […]
In Australia, Gladstone has been selected as the location for a new A$500 million (US$376.2 million) renewable diesel and sustainable aviation fuel biorefinery. Acting Premier Steven Miles said Oceania Biofuels selected a site within the Yarwun Industrial Precinct in the Gladstone State Development Area for their new biofuel refinery, which is now under contract with […]
In Germany, Porsche is investing $75 million in HIF Global LLC. In return, the sports car manufacturer is acquiring a long-term stake in HIF Global LLC, a holding company of internationally active project developers of eFuel production facilities. Among other projects, the Santiago de Chile-based company is building the Haru Oni eFuel pilot plant in […]
In France, Eastman has entered an exclusive negotiation with Port-Jérôme-sur-Seine as the preferred location of the molecular recycling facility it plans to build in France. This is an important step toward a significant milestone in the company’s plan to invest up to $1 billion and build the world’s largest material-to-material molecular recycling plant in France […]
In Canada, Loop Energy, a developer and manufacturer of hydrogen fuel cell solutions, has won the tender process to supply Tevva Motors Ltd., a British electric and hydrogen truck pioneer, with its T505 (50 kW) Series fuel cell system for Tevva’s 7.5 ton electric truck platform. The partnership grows Loop Energy’s European customer base and […]
In Japan, SEKISUI CHEMICAL CO., Ltd., INCJ, Ltd., and SEKISUI BIO REFINERY CO., Ltd. have completed construction of a demonstration plant in Kuji City, Iwate, Japan with the aim of demonstrating the viability of the technology that converts municipal/industrial waste into ethanol on a commercial scale. This technology uses a microbial catalyst and gas fermentation […]
In Oman, Oman Oil Marketing Company (OOMCO) and Wakud International LLC (Wakud) have signed an agreement to introduce biodiesel blends to Oman. The two companies will explore the potential of selling different blends of biodiesel to customers in the Commercial and Marine segments. For corporations developing de-carbonization strategies, biodiesel can produce immediate impact without any […]
