In Canada, Canada Infrastructure Bank (CIB) and Azure Sustainable Fuels Corp. (Azure) are partnering on a front-end engineering and design (FEED) study for sustainable aviation fuel (SAF) production in Canada. Azure’s study is now fully funded and on track to be completed in 2024. The CIB’s C$8.4 million funding helps support Azure’s critical path of […]
In Canada, Saskatchewan’s Global Agri-Food Advancement Partnership (GAAP) is excited to announce the recent close of an undisclosed investment round into Proxima Research and Development – Canada. Proxima has developed proprietary technology to better isolate, characterize, and engineer microbes for applications within agriculture, food, and pharma. Proxima offers unique microbial solutions to their clients, as […]
In Canada, Cielo Waste Solutions Corp. is pleased to announce that they have secured funding for the next stage of engineering development of the Carseland Project through the closing of its previously announced non-brokered flow-through private placement. Both the Cielo and Expander Energy Inc. management teams have shown further commitment to the strategic objectives of […]
In Canada, yeast-based ingredients maker Lallemand has acquired Evolva, a biotech firm based in Switzerland. The acquisition by Lallemand subsidiary Danstar Ferment AG is valued at around $24 million, with the potential for an additional $11.75 million if certain targets are met, according to vegconomist. Evolva develops yeast-derived ingredients for use in flavors and fragrances, […]
In Canada, Emergen Research reported that the global biobased cosmetics market is forecast to reach a value of $8.86 billion by 2032. The market reached a value of $4.95 billion in 2022 and is expected to expand at a CAGR of 6% during the period. “Rising consumer interests for natural or organic ingredients for cosmetics, […]
In Canada, Anaergia Inc. announced the entry into a definitive agreement for a sale of $15.6 million of Inflation Reduction Act (IRA) investment tax credits generated by its subsidiary, Rhode Island Bioenergy Facility Holdco, LLC (“RIBH”). The investment tax credits for qualified biogas property were generated from the project built by RIBH’s subsidiary in Johnston, […]
In Canada, Petrox Resources Corp. has entered into a non-binding letter of intent to acquire all of the shares of M&L Renewable Technology International Ltd (“M&L”), a private Alberta corporation. M&L is a private company incorporated under the laws of Alberta, Canada, on June 6, 2019. M&L, working alongside M&L Renewable Energy Group Ltd. (“MREG”), […]
In Canada, EverGen Infrastructure Corp announced the successful completion of the Fraser Valley Biogas expansion and the delivery of first gas injection. Having acquired the facility in 2021, EverGen has delivered Fraser Valley Biogas’s original intended design, positioning itself as a leader in Renewable Natural Gas production. Fraser Valley Biogas is now poised to enter […]
In Canada, British Columbia will be the first jurisdiction in North America to require fuel suppliers to incorporate low carbon jet fuel (LCJF) into fossil jet fuel. British Columbia has also approved a revamped Low Carbon Fuel Regulation, designed to modernize the previous standard. “When the province set a new 2030 transportation emissions reduction target […]
In Canada, TransLink is introducing renewable diesel into its bus fleet as a cleaner fuel option, in order to reduce greenhouse gas (GHG) emissions. The Surrey Transit Centre will be the first bus depot to transition and will be fully fuelled with renewable diesel by January 1, 2024. With this change, TransLink will be reducing […]
