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 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 […]
In the UK, Hydrogen Utopia International PLC (HUI) announced a reverse takeover deal with Helmond Holding Group Corp. (HHG), a leading bio-energy company based in the British Virgin Islands. The merger will combine HUI’s innovative technology that transforms non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels, new materials or distributed renewable heat, with […]
In Belgium, Italian oil giant Eni is failing to deliver on its promise to produce thousands of tonnes of biofuel crops, a new investigation by Transport & Environment (T&E), in collaboration with The Continent, shows. The study raises questions over the credibility of the company’s plan – which is backed by Italian prime minister Giorgia […]
In Spain, Cepsa and Bio-Oils, a subsidiary of Apical, are beginning construction of the largest second-generation biofuels plant in southern Europe. This facility, which will flexibly produce 500,000 tons of sustainable aviation fuel (SAF) and renewable diesel (hydrogenated vegetable oil or HVO) annually, will allow the joint venture formed by both companies to double its […]
In Finland, Suomen Lantakaasu Oy, the joint venture between Valio and St1, has completed the acquisition of the majority shareholding in Nurmon Bioenergia Oy from Heikas Oy and other small shareholders. Atria Finland Ltd. will continue as a minority shareholder in the company. The industrial-scale liquefied biogas production plant under construction in Nurmo will accelerate […]
