In Iowa, Summit Carbon Solutions announced that Valero, the world’s second-largest corn ethanol producer and a leader in low-carbon transportation fuels production, will be a shipper on Summit’s pipeline, as part of the largest proposed carbon capture and storage project in the world. This collaboration underscores a commitment to reliable energy, growing markets for Midwest […]
In Iowa, the Des Moines Register newspaper reports Chevron Renewable Energy Group is mothballing indefinitely its biodiesel production facilities in Western Iowa and Wisconsin, saying that the Biden Administration’s policies have created market conditions that keep the plants from being viable. The Environmental Protection Agency set the biodiesel blending mandates about 1 billion gallons below […]
In South Korea, as part of efforts to manage Scope 3 emissions, HMM has assisted Hellmann Worldwide Logistics (Hellmann) in reducing its carbon emissions following the use of the Green Sailing Service, a low-carbon transport solution. The Green Sailing Service is a carbon insetting platform introduced by HMM that enables customers to lower their carbon […]
In the UK, Trafigura Group Pte Ltd Trafigura has agreed to acquire Greenergy’s European business from Brookfield Asset Management and its listed affiliate Brookfield Business Partners for an undisclosed sum. The acquisition is subject to customary closing conditions and regulatory approvals. The acquisition of Greenergy presents a unique opportunity for Trafigura to strengthen its fuel […]
In Finland, Neste has launched its new emission reduction solution, Neste Impact, for businesses looking to reduce the carbon footprint of their air travel and transport activities. The solution is based on purchasing Neste MY Sustainable Aviation Fuel™ with which greenhouse gas emissions (GHG) can be reduced by up to 80% over the life cycle […]
In California, greater understanding of how plants and microbes work together to store vast amounts of atmospheric carbon in the soil will help in the design of better bioenergy crops for the fight against climate change. Deciphering the mechanics of this mutually beneficial relationship is challenging, however, as conditions in nature are extremely difficult for […]
In Washington, officials from the Biden administration on Friday announced that they would miss a self-imposed March 1 deadline to complete modifications to the GREET model for sustainable aviation fuels (SAF). The model is critically important for determining eligibility for the Inflation Reduction Act’s “40B” SAF tax credit. “While we are pleased to hear progress is […]
In Massachusetts, Yield10 Bioscience reported that its proprietary varieties of winter Camelina sativa (“Camelina”) in development responded as expected to herbicides in the first field tests conducted in the United States. Yield10 tested winter Camelina engineered with tolerance to glufosinate (“HT”), an herbicide widely used to manage weeds and protect yields in crop rotations in […]
In Washington, Brownfield Ag News reports Energy Information Administration data shows ethanol stocks have soared to nearly a one-year high at 26.022 million barrels last week despite an increase in purchases from refiners and blenders, supplying more blended gasoline to the market than the week prior. Production fell slightly from the week prior but was […]
In New York state, Synonym, a biomanufacturing infrastructure company, is unlocking the market forces to enable a quickly-maturing multi-hundred billion dollar sector—which will “allow biomanufacturing [to] finally fulfill its promise of achieving commercial scale.” So says a new report by leading global consulting firm Boston Consulting Group (BCG) (coauthored by Synonym), entitled Breaking the Cost […]
