In the UK, Velocys has begun a new chapter following the completion of its take-private on January 18, 2024. As part of the transaction, a new consortium of growth investors, including Carbon Direct Capital, Lightrock, GenZero and Kibo Investments, has infused Velocys with $40 million of growth capital. The funds will be used to accelerate […]
In California, the City of Long Beach has entered into exclusive negotiations with Bioenergy Devco, the North American division of BTS Bioenergy, to construct an organics recycling facility that will recycle food waste, converting it to an organic soil amendment and renewable natural gas. This facility will help Long Beach advance its sustainability goals and […]
In Brazil, Bloomberg reports that São Martinho’s chief financial officer believes the gold rush to produce ethanol from corn in the country is coming to an end, saying that such plants are no longer economical. The company just commissioned a corn-based ethanol plant. Over the next few years, another 2.5 billion liters of installed capacity […]
In India, the Press Trust of India reports the Indian Biogas Association says that by investing $36 billion in compressed biogas, the country could reduce its natural gas imports by 12 million metric tons annually. To make the investments viable, especially for bulking biomass feedstocks such as rice straw, the IBA says the government needs […]
In Japan, Kyodo News reports began a one-year trial of biocoke in its coal-fired steam locomotives on Jan. 31 as it aims to reduce its carbon dioxide emissions. The biocoked is made from made from buckwheat chaff, wood chips, coffee grounds and other materials and is blended at 40% with coal during the trial. Another […]
In Sweden, Stena RoRo’s tenth E-Flexer series was delivered from the CMI Jinling, Weihai Shipyard. The vessel, named Ala’suinu, will be on a long charter agreement with the Canadian state-owned Marine Atlantic and operate a ferry line in eastern Canada between Newfoundland and Nova Scotia. The vessels’ engines are of the multi-fuel type and can […]
In Germany, COLIPI recently received €1.8 million seed funding for further development of CO2-Neutral Climate OilTM, led by venture capital firm HTGF along with Innovationsstarter Fonds Hamburg, Nidobirds, and business angel Stefan De Loecker. Grants totaling €4.3 million complement the funding that will be used to enter the market with Climate Oil and scale precision […]
In Delaware, a new report published by Allied Market Research stated that the renewable fuel market size was valued at $955 billion in 2021, and is estimated to reach $2 trillion by 2031. The report noted that the market is forecast to expand at a CAGR of 7.9% from 2022 to 2031. “The renewable fuel […]
In Pakistan, The Express Tribune reported that the biggest biogas plant of Pakistan was inaugurated in Gujjar Colony. The compressed biogas plant has the capacity to produce 600 cubic meters of gas daily. As much as 1,600 kilograms of dung would be used in the biogas plant daily to produce 16,000kg of organic fertilizer, according […]
In Finland, Finnish energy company Gasum has decided to invest $ 8.08 million in a project aimed at expanding and enhancing the current biogas plant in Riihimäki, Finland. Operational since 2016, the plant contributes around 45 gigawatt hours (GWh) of biomethane annually to the gas transmission network, meeting industrial and transportation needs for renewable energy, […]
