In the UK, Bloomberg reports that activist investor BlueBell is calling on bp to halt future investment in renewable energy and instead invest $1.5 billion annually on oil and gas through 2030 while cutting $28 billion in investment by then in bioenergy, hydrogen and renewables & power. The hedge fund, which also agitated for change […]
In South Korea, S-OIL on Monday started to include bio-based feedstocks such as used cooking oil, byproducts of the palm oil, and waste plastic-based pyrolysis oil into the refining and chemical processes to produce low-carbon energy and eco-friendly chemical products. As it will co-process crude oil, bio-based feedstocks, and waste plastic-based pyrolysis oil in the […]
In Japan, NYK held a ceremony on Monday to break ground at a site in Chiba Prefecture where the company will install a test engine facility to evaluate the safety of biofuels and accelerate their practical application. The NYK Group will complete the installation of the test engine in June and analyze the biofuel in […]
In Washington state, Nola Capital Corporation announced results of its bioenergy and waste-to-energy survey. The survey received confidential responses from more than 100 public and private businesses in 23 states that included bioenergy companies, waste-to-energy companies, lenders, investors and industry consultants. The amount of financing being requested for projects ranged from a low of $12 […]
In Portugal, the Sapo newspaper reports BioAdvance’s EUR22 million investment in advanced biofuel production in Figueira da Foz is about to be commissioned, which will start with a production of 20,000 tons per year and within “two to three years” will increase capacity to 200,000 tons per year, projecting the Portuguese manufacturer as one of […]
In California, ZymoChem closed a $21 million Series A round. The investment is led by Breakout Ventures with participation from new investors including lululemon athletica, inc. and Toyota Ventures, and existing investors including GS Futures, KdT Ventures, and Cavallo Ventures. By pairing this financing with existing revenues from commercial partnerships and funding from the U.S. Department […]
In the UK, a new study from Plymouth Marine Laboratory investigates what happens when biodegradable plastics enter the ocean, and whether these increasingly popular alternatives to conventional plastics are safer for marine ecosystems, or whether they come with their own risks. In response to concerns about fossil-based plastics, biodegradable plastics – that is, plastics that […]
In Belgium, the European Commission has opened an in-depth investigation to assess whether two Swedish tax exemption schemes for non-food-based biogas and bio-propane used for heating or as motor fuel are in line with EU State aid rules. The in-depth investigation follows the General Court’s annulment of two previous Commission decisions approving the tax exemptions. […]
In Iowa, POET and Summit Carbon Solutions (Summit) announced a partnership connecting the world’s largest biofuel producer with the world’s largest carbon capture and storage project. This collaboration brings together two entities—both founded upon creating new agricultural markets and supporting rural communities—to capture the value of the biogenic CO2 from the bioethanol production process. The […]
In Texas, Darling Ingredients Inc. and Valero Energy Corporation announced that the companies have made the final investment decision on a Sustainable Aviation Fuel (SAF) project at the Diamond Green Diesel (DGD) Port Arthur plant, which is owned and operated by Diamond Green Diesel Holdings LLC, a 50/50 joint venture between Valero and Darling. Upon […]
