In California, Sugar Valley Energy, a new 160-acre bioenergy campus planned in California’s Imperial Valley has added New York-based TerraNova Capital Equities, Inc. to its finance team to lead marketing and placement of equity capital for the $1 billion project. The 25-year-old investment bank focuses on the small-to-middle market and provides equity and debt solutions […]
In Egypt, the Egypt Independent newspaper reports state-owned Egyptian Petrochemical Holding Company has teamed with the state-owned Alexandria National Refining and Petrochemical Company (ANRPC Petroleum) and an unnamed private company to develop a $380 million sustainable aviation fuel production facility. The 120,000 metric ton per year facility could see contruction begin in 2026. It is […]
In Brazil, Bloomberg reports Raízen Fuels Finance recently enquired with some banks regarding sustainability-linked bond sales, allowing it to sell debt to fund ethanol projects, just a week after it said it is mulling investing in sustainable aviation fuels. The program has been in place internally since 2022. The company has announed a 5.3% offer […]
In Colorado, a multidisciplinary approach has enabled a research team at the National Renewable Energy Laboratory (NREL) to quantitatively define the relative positioning and arrangement of the polymers in Populus wood, and to create a computer model that details the findings. The research solving this macromolecular puzzle, Atomistic, Macromolecular Model of the Populus Secondary Cell Wall […]
In Washington, U.S. Senators Pete Ricketts (R-NE) and Sherrod Brown (D-OH) introduced the Renewable Fuel for Ocean-Going Vessels Act to allow companies to preserve Renewable Identification Number credits (RINs) under the RFS program for renewable fuel, when the fuel for use is in ocean-going vessels. The RFS excludes “fuel used in ocean-going vessels” from the […]
In the Netherlands, Argus has launched B30 Ucome dob ARA range marine biodiesel blend assessments, replacing a calculated fob ARA range blend price. The assessment will comprise 30pc used cooking oil methyl ester (Ucome) and 70pc very-low sulfur fuel oil (VLSFO). Trade of marine biodiesel blends in northwest Europe has been impacted by changes to […]
In Brazil, Petrobras and ArcelorMittal Brasil signed a Memorandum of Understanding (MoU) with the purpose of studying potential mutually beneficial business models in the low-carbon economy. The companies will seek to identify commercial opportunities and potential partnerships in Brazil that are aligned with their diversification and decarbonization strategies. The extensive cooperation stems from synergies identified […]
In the UK, SAF One, a platform focused on the development of global sustainable aviation fuel solutions, appointed Kent, a world-renowned engineering firm, to carry out a technology licensing review for its first synthetic paraffinic kerosene (SPK) production plant. This announcement further underscores the company’s commitment to support the aviation sector with scalable, sustainable aviation […]
In Washington, the Energy Information Administration says the price of compliance credits for biomass-based diesel and ethanol has decreased about 45% since the start of the year, when prices were already the lowest in about three years. The decline in the price of credits, renewable identification numbers (RINs), is due primarily to lower costs for […]
In China, Chief Executive Officers of the CMA CGM Group, COSCO SHIPPING, Evergreen and OOCL signed in Shanghai a Memorandum of Understanding to extend the OCEAN Alliance operational cooperation for five additional years until 2032. As a sustainable cooperation, OCEAN Alliance continues to support customers’ supply chains and business by offering best-in-class shipping solutions through […]
