In the Netherlands, Offshore Energy reported that Hong Kong-based container shipping company Orient Overseas Container Line (OOCL) and partners have partnered to advance low-carbon shipping, opting for biofuel to reduce supply chain emissions. With the participation of several partners including Swedish furniture company IKEA and Japanese multinational ceramics and electronics manufacturer Kyocera, the first voyage […]
In China, Reuters reports BP has invested $49.5 million in Zhejiang Jiaao Enprotech’s SAF unit in exchange for a 15% shareholding. The company currently has a 500,000 ton per year SAF plant under construction in the eastern coastal city of Lianyungang. The investment represents the first SAF investment in China by an oil major. Zhejiang […]
In China, Reuters reports that biodiesel producers are scrambling to find new markets outside the European Union as the trade block is expected to lob hefty duties of 12.8% and 36.4% on more than 40 Chinese producers. Eyes are on Asia to absorb the surplus biodiesel, particularly marine markets in China and Singapore as EU […]
In China, ChemAnalyst reports Inner Mongolia Jiutai Group has chosen Honeywell’s UOP eFining technology to produce 100,000 tons of sustainable aviation fuel annually from eMethanol. This deal represents Honeywell’s first global commercial license for its eFining technology, a methanol-to-jet process that efficiently converts eMethanol into low-carbon SAF. The technology utilizes methanol derived from carbon dioxide […]
In China, Yicai reports shares of Zhuoyue New Energy dropped 2.4% in Shanghai, marking a 40% decline this year, despite the company’s announcement of new biofuel investments in Singapore and Saudi Arabia. This move aims to mitigate the impact of the European Union’s new anti-dumping duties. Zhuoyue, a leading Chinese biodiesel producer, faces a 25.4% […]
In Malaysia, the country is committed to supplying China with Malaysian Sustainable Palm Oil (MSPO) certified palm oil and palm oil products, said YB Datuk Chan Foong Hin, Deputy Minister of Plantation and Commodities. He added that Malaysia seeks to cooperate with China in establishing a shared consensus during engagements with the European Union, particularly […]
In China, Carbios and and Zhink Group, one of China’s Top 500 Private Enterprises, specializing in two global industries, PET and textiles, recently signed a joint Letter of Intent to build a biorecycling plant in China using CARBIOS’ revolutionary enzymatic depolymerization technology to serve the global market. This agreement officializes collaboration towards a long-term partnership […]
In China, Platts reports bp is investing $48.5 million in renewable diesel and sustainable aviation fuel producer Lianyungang Jiaao New Energy, securing it 15% of the company, ahead of the expected SAF mandates that are likely to be announced soon in the country. Currently the company’s parent, Jiaao Enprotech, has 100,000 metric tons of SAF […]
In China, South China Morning Post reports Shanghai is set to establish a trading platform for net-zero hydrogen and its derivatives, aiming to lead the global hydrogen sector and decarbonize the heavy-emitting shipping industry. The platform will focus on the certification and trading of green hydrogen, green methanol, and green ammonia within China, with plans […]
In China, Xinde Marine News reports Clarksons Research released its latest Green Technology Tracker, and of the total tonnage ordered in the first half of 2024, 41% is for vessels capable of using alternative fuels, such as LNG, methanol, ammonia, LPG, and hydrogen. Steve Gordon, Global Head of Clarksons Research, noted that despite a decline […]
