In Italy, Eni and KKR have signed an agreement under which KKR will take a 25% stake in Enilive’s share capital, for a total agreed consideration of €2.938 billion. The transaction will be funded through: 1) the subscription of a capital increase in Enilive reserved to KKR amounting to €500 million; 2) the purchase of Enilive’s […]
In India, the Press Trust of India reports Godavari Biorefinery’s IPO was 54% sold as of the second day of the offer. The shares allotted for individual investors was already 96% sold out, but other investment types had only 26% subscription. Shares are running between $3.62 and $4.30 each with a $65.8 million total raise […]
In Washington, Brownfield Ag News reports Energy Information Administration data shows ethanol production rose to 1.081 million barrels per day but even so, stocks fell to 22.223 million barrels, representing an increase of 39,000 bpd but a stock drop of 52,000 barrels. Stocks are 877,000 barrels higher than the same time last year, however. Exports […]
In Iowa, U.S. Department of Agriculture (USDA) Rural Development will invest $1 million to help construct a 2,200 kilowatt (kW) farm methane gas digester plant operated by Vermont Renewable Gas in Lyndon, Vermont. The plant will be located at Industrial Parkway in Lyndonville, Vermont. Woody biomass will be put through a High Temperature Ablative Pyrolysis […]
In Argentina, Reuters reports Malaysian palm oil futures rose for a fourth straight session on Thursday, boosted by expectations of lower palm production and shrinking domestic stockpiles. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange was up 18 ringgit, or 0.4 percent, at 4,504 ringgit a metric tonne in […]
In Australia, CSIRO, Australia’s national science agency, and Murdoch University have launched The Bioplastics Innovation Hub, an A$8 million collaboration that will work with industry partners to develop a new generation of 100 per cent compostable plastic. The Bioplastics Innovation Hub aims to revolutionize plastic packaging by developing biologically derived plastic that can break down […]
In Belgium, the European Biodiesel Board (EBB) obtained last week a favorable judgement from the Court of Justice (case C-112/23 P), which rejected the appeal formed by Indonesian exporters PT Pelita Agung Agrindustri and PT Permata Hijau Palm Oleo against the judgement of the General Court delivered on December 14, 2022 (Case T-143/20). The ruling […]
In Florida, Signature Aviation, the world’s largest network of private aviation terminals, has announced the expansion of its blended sustainable aviation fuel (SAF) offering to six new locations across the United States following a blended SAF supply agreement with Valero Marketing and Supply Company (Valero), a subsidiary of Valero Energy Corporation. Effective in January 2025, […]
In France, the European Energy Exchange (EEX) will start quarterly auctions for biogas Guarantees of Origin (GOs) on behalf of the French Ministry of Energy on December 4, 2024. At the auctions, the French State sells GOs produced by selected biogas facilities benefiting from a state support mechanism. EEX already provides registry services for biogas […]
In Norway, Nel Hydrogen Electrolyser was awarded a grant from the EU Innovation Fund of up to EUR 135 million for industrialization of its next-generation pressurized alkaline technology. The technology is currently being prototyped, and the potential industrialization is planned at Herøya, Norway. The initial build-out is planned for an annual capacity of 1-2 GW, […]
