In Canada, Petrox Resources Corp. has entered into a non-binding letter of intent to acquire all of the shares of M&L Renewable Technology International Ltd (“M&L”), a private Alberta corporation. M&L is a private company incorporated under the laws of Alberta, Canada, on June 6, 2019. M&L, working alongside M&L Renewable Energy Group Ltd. (“MREG”), […]
In Malaysia, Platts reports that palm oil prices are expected to recover next year thanks to increased demand following increases in biodiesel blending worldwide, while palm oil production is likely to remain stagnant in Indonesia and Malaysia. By the third quarter of 2024, analysts expect palm oil futures prices to reach beyond $850 per metric […]
In South Dakota, InForum reports that Ringneck Energy has come back online following an explosion in July. Ethanol production began again back in November, later than expected due to weather delays, which caused additional challenges. Farmers were forced to find additional storage for their corn while the plant was offline as corn bins were already […]
In the Netherlands, Titan Energy Holding, the parent company of Titan Clean Fuels (hereafter Titan) closed a successful funding round for a 45% equity stake with further follow-on rights from Molgas Energy, backed by infrastructure fund investor InfraVia Capital Partners. Molgas is a leader in small-scale downstream LNG and Renewable Gas supply and distribution in […]
In Iowa, Summit Carbon Solutions has acquired 80% of the Right-of-Way (ROW) needed for its proposed carbon capture, transport, and storage project across North Dakota. This significant milestone comes after the Public Service Commission (PSC) initially denied the Company’s permit, prompting the company to undertake extensive rerouting. Following the denial of Summit’s application by the […]
In California, Reuters reports The California Air Resource Board has proposed to make the Low Carbon Fuel Standard more strict regarding what it considers to be a low carbon fuel or not after a glut of renewable diesel pushed the value of credits to $71 per ton from the previous $200. Lower credit values will […]
In New York State, Nexus Development Capital, a provider of catalytic capital for sustainable infrastructure project developers, announced a $5 million investment in biochar producer Standard Biocarbon. The funding will enable Standard Biocarbon to scale operations at its facility in Enfield, Maine to meet the growing demand for carbon capture and biochar. The company will […]
In Spain, Europa Press reports Bioenergia Ibérica has built a biogas plant in the facilities of the Queizuar cheese factory, in the town of Bama, in A Coruña. Specifically, the plant, which will be inaugurated in early 2024, will generate 3,000,000 kilowatt hours (kWh) of clean energy per year, avoiding the emission of more than […]
In Canada, EverGen Infrastructure Corp announced the successful completion of the Fraser Valley Biogas expansion and the delivery of first gas injection. Having acquired the facility in 2021, EverGen has delivered Fraser Valley Biogas’s original intended design, positioning itself as a leader in Renewable Natural Gas production. Fraser Valley Biogas is now poised to enter […]
In Brazil, Reuters reports that will the expected increase in the biodiesel mandate to 13% from March 2024, soybean exports are expected to fall as the additional biodiesel volumes will require 5 million metric tons of soybeans. Exports should fall between 1 million and 2 million tons, but Argentina, whose production has rebounded following a […]
