In Australia, Australian airline Qantas said it has joined an alliance of airlines, an aircraft manufacturer, and energy and financing companies to help accelerate global production of aviation biofuel. The Sustainable Aviation Fuel Financing Alliance (SAFFA) fund has been formed with anchor-investor Airbus as well as Air France-KLM, Mitsubishi HC Capital Inc., BNP Paribas, Associated […]
In Germany, DHL and Google have announced a partnership to utilize the DHL Express GoGreen Plus service with SAF. The initiative includes express shipping of Google devices in the Devices & Services business unit across the Americas, Asia, and Europe, and is part of Google’s push towards encouraging existing decarbonization technologies in air cargo transportation, […]
In Finland, Neste said it has commissioned terminal capacity at ONEOK’s terminal in Houston, Texas for blending and storing Neste MY SAF. The firm noted that this development is a major step in further expanding the availability of Neste’s SAF to airlines also operating from airports east of the Rocky Mountains all the way to […]
In Germany, Reuters reported that Siemens Energy will build a 280-megawatt (MW) green hydrogen electrolysis system for Northern German utility EWE, which is expected to begin operating in 2027. The German government recently handed $4.98 billion of EU-approved subsidies to a series of projects to supply secure and sustainable hydrogen on its road to net-zero […]
In Illinois, LanzaJet announced a strategic investment from Airbus, which will enable the company to continue to build its capability and capacity to scale its proprietary ethanol to sustainable aviation fuel process technology. “LanzaJet intentionally developed a diverse portfolio of strategic investors comprised of leading, global companies to ensure we have the ecosystem to scale […]
In Texas, SNS Insider reported that the global biobased construction polymer market size is projected to reach $25.36 billion by 2032 and grow at a CAGR of 6.58% over the forecast period of 2024-2032. “Biobased construction polymers market growth is anticipated as a result of growing awareness of the usage of petrochemical goods and the […]
In Vietnam, Vietnam Investment Review reported that a groundbreaking ceremony was held on July 20 for a new waste-to-energy plant in Cu Chi district, Ho Chi Minh City. The project is being developed by Bamboo Capital Group (BCG). The first phase of the project is valued at $252.6 million and will have the capacity to […]
In New York, Nexus Development Capital, LLC (NDC), announced an investment of approximately $9 million in Castlerock Biofuels, a joint venture company led by Ensyn Corporation and Castlerock Green Energy (CGE). The company noted that this investment marks a substantial step forward in the development of renewable fuel production facilities in the United States. Castlerock […]
In Singapore, MarineLink reported that the Global Centre for Maritime Decarbonization in Singapore (GCMD) announced that it had completed the final trials of biofuels for ships, with German container company Hapag-Lloyd as well as energy giant BP. The report noted that GCMD started a project in 2022 to test various biofuel blends and reduce carbon […]
In Italy, Eni said it has signed a temporary exclusivity agreement with KKR, a global investment firm, aimed at progressing the due diligence phase and completing the drafting of the documents related to the sale of a 20% to 25% stake in its biofuels unit Enilive, based on a valuation of the company between $12.5 […]
