In Spain, Spain’s Official Credit Institute (ICO in Spanish) is showing its support for the fund known as MAPFRE Energías Renovables II, FCR. The insurance group, together with its partner, IAM Carbonzero, launched this innovative vehicle last year, as the first fund in Europe dedicated to investment in biomethane, a 100% green biofuel derived from […]
In New York state, Bunker Holding A/S and SyntexNRG Inc. have entered into an agreement for the development and production of renewable methanol to supply the fuel at the ports where Bunker Holding has physical operations located around the world. Commenting on the announcement, Carlos G. Torres, Global Head of Methanol and Strategic Partnerships at […]
In Brazil, Suzano Ventures, the corporate venture capital arm of Suzano, the world’s largest market pulp producer, has made a strategic investment into the Canadian materials science startup, Bioform Technologies. The investment provides up to $5 million towards the company’s seed round, enabling it to accelerate the development of its novel bio-based plastic alternatives. The […]
In Pennsylvania, cellulose, which helps give plant cell walls their rigid structure, holds promise as a renewable raw material for biofuels—if researchers can accelerate the production process. Compared to the breakdown of other biofuel materials like corn, breaking down cellulose is slow and inefficient but could avoid concerns around using a food source while taking […]
In India, the Press Trust of India reports the transportation minister believes says he wants all passenger vehicles to run on E100 in the next few years in preparation for the country’s transition later on to hydrogen. A key platform for the NDA government is to shift farmers away from being food producers and instead […]
In Texas, Cemvita announced a significant breakthrough enabling the company to produce substantial quantities of its Sustainable Oil from waste carbon sources. This landmark achievement marks a pivotal step forward in the production of low-carbon intensity feedstocks for HEFA sustainable aviation fuel (SAF), representing a significant opportunity to reduce carbon emissions and combat climate change. […]
In California, TPG Rise Climate, the dedicated climate investing strategy of TPG’s global impact investing platform TPG Rise, announced that it has signed a definitive agreement to acquire Olympus Terminals, a leading independent storage provider for renewable fuels and refined products in Southern California, majority owned by an affiliated investment fund of Davidson Kempner Capital […]
In Colorado, Gevo, Inc. along with its wholly owned subsidiary, Verity Holdings, LLC, and ClearFlame Engine Technologies, Inc., announced a collaboration to drive decarbonization traceability from field-to-fleet for the road freight transportation market in the United States, which consumes an estimated 29 billion gallons of fuel every year. Under this collaboration, the parties intend to […]
In Brazil, Compagnie Maritime Monegasque (CMM) announced the closing of up to $94 million in financing. The transaction was funded by Summit Ridge Capital Partners. Panorama Capital Partners sourced and advised on the transaction, and participated as a co-investor. This financing enables CMM to recompose its shareholder structure and to expand its fleet. As part […]
In the UK, Virgin Atlantic has shared headline results from Flight100, the first transatlantic flight on 100% Sustainable Aviation Fuel (SAF), proving not only that the SAF used for the flight is safe to use with existing infrastructure and delivers material reductions in CO2, but can also improve local air quality, contribute to a reduction […]
