In Uruguay, Avalon BioEnergy Uruguay S.A., a subsidiary of the U.S.-based Avalon Energy Group LLC, launched plans for its first fully integrated Agriculture-Sustainable Aviation Fuel (SAF) biorefinery in Latin America, located in Uruguay. This project is endorsed by the Ministry of Environment, and the Government of Uruguay. The proposed SAF biorefinery will significantly contribute to […]
In Italy, Reuters reports that following a first deal to sell up to a quarter of its EniLive biofuels business to KKR, inquiries have been made by another potential suitor about buying up another piece of the company, which observers say is an indication of the market’s faith in Eni’s strategy to spin out its […]
In Washington, Brownfield Ag News reports Energy Information Administration data shows ethanol production fell below 1 million barrels per day last week to the lowest levels since May at 994,000 bpd despite crush margins remaining strong. Although stock levels fell by 261,000 barrels down to 23.5 million barrels, they were still nearly 1.5 million barrels […]
In Colorado, Gevo, Inc. has acquired Cultivate Agricultural Intelligence, LLC for $6 million in cash, with the opportunity for the sellers to receive additional earn-out payments. Gevo will fold CultivateAI into its wholly owned Verity subsidiary to accelerate Verity’s business development and growth. CultivateAI is a proven business with expected 2024 revenue of $1.7 million […]
In Washington, the U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) announced up to $15 million in federal funding to make clean hydrogen a more available and affordable fuel for electricity generation, industrial decarbonization, and transportation. Specifically, the funding opportunity will support research and development projects that convert feedstocks—such as coal, […]
In New York state, AIR COMPANY has raised $69M in Series B funding to advance its technology, promote energy security, and drive emissions reductions in hard-to-abate sectors, such as aviation. Avfuel, a leading global supplier of aviation fuel and services, led the round and will be the preferred provider of distribution and logistics, plus environmental […]
In Japan, achieving carbon neutrality requires the effective use of renewable biomass. In the production of biodiesel, for instance, glycerol is generated as a major byproduct. Researchers at Osaka Metropolitan University have developed a new catalyst that efficiently converts a derivative of glycerol into bio-based propylene, contributing to sustainable chemical production. The newly developed catalyst […]
In Washington, as the deadline to extend the Higher Blends Infrastructure Incentive Program (HBIIP) rapidly approaches, U.S. Senator Joni Ernst (R-Iowa) is demanding certainty for consumers, biofuel producers, and retail store owners by requesting the U.S. Department of Agriculture (USDA) keep the program operational. She partnered with Senator Amy Klobuchar (D-Minn.) and led three of […]
In Texas, Vertex Energy entered into a Restructuring Support Agreement with overwhelming support of 100% of the company’s term loan lenders. To facilitate the transactions contemplated under the RSA, including exploration of a sale transaction, the Company commenced Chapter 11 cases in the United States Bankruptcy Court for the Southern District of Texas. The Company […]
In Malaysia, MRNA Scientific Sdn. Bhd., a subsidiary of BioNexus Gene Lab Corp., and Protech Builders Sdn. Bhd. signed a strategic teaming agreement to jointly develop and operate biogas plants across Malaysia. This collaboration marks a significant step in both companies’ efforts to contribute to Malaysia’s growing renewable energy sector, particularly in the generation of […]
