In South Korea, SK Trading International signed a share purchase agreement for equity investment in Daekyung O&T on Monday. For this contract, SK Trading International formed a consortium with Korea Development Bank’s Private Equity Division and Eugene Private Equity. The three companies plan to establish a Special Purpose Company (SPC) to acquire a 100% stake […]
In the Dominican Republic, Astra Global Solutions, Inc. has partnered with Inti Global Dominicana, S.R.L. to secure the Dominican Republic National Coconut Program. According to the announcement, the program is an initiative to plant new hybrid coconut trees throughout the country to greatly enhance production and create a solution for tackling the remediation of legacy […]
In Denmark, Copenhagen Infrastructure Partners has reached final close for its two new funds, CI Advanced Bioenergy Fund I (CI ABF I) and CI Green Credit Fund I (CI GCF I) with total LP commitments of EUR ~2bn. 2023 has been a record year for CIP, as in addition to this final close announcement, CIP […]
In Spain, Cepsa has begun to search for and develop projects for the construction and operation of biomethane production plants from agricultural and livestock waste to decarbonize its industrial activity, replacing the use of natural gas with this renewable gas. By 2030, the company aims to manage a project portfolio of 4 TWh per year, […]
In the UK, FedEx Express Europe has begun trialing hydrotreated vegetable oil (HVO) renewable diesel to fuel five of its company-owned trucks in the United Kingdom. In November last year, FedEx Express launched the use of renewable diesel to fuel heavyweight, long-distance vehicles in the Netherlands, as a more environmentally favorable alternative to fossil fuels. […]
In Spain, Inditex, parent company of fashion brands such as Zara and Massimo Dutti, has partnered with the freight group Maersk to reduce its global greenhouse gas (GHG) footprint from seaborne logistics by incorporating alternative fuels in all its inbound routes with the carrier. Through the ECO Delivery Ocean program, Maersk replaces fossil fuels on […]
In Washington, as part of President Biden’s Investing in America agenda, a key pillar of Bidenomics, the U.S. Department of Energy (DOE) announced $7 billion to launch seven Regional Clean Hydrogen Hubs (H2Hubs) across the nation and accelerate the commercial-scale deployment of low-cost, clean hydrogen—a valuable energy product that can be produced with zero or […]
In Washington, Engine Technology Forum has released the white paper Benefits of Renewable Bio-Based Diesel Fuels developed by Transport Energy Strategies, a leading consultancy on global transport energy issues. Renewable biobased fuels, such as biodiesel and renewable diesel, are a proven and available strategy for immediately reducing greenhouse gas and other emissions. This is true […]
In Texas, Vertex Energy, Inc. has formally named BofA Securities, Inc. as Vertex’s strategic financial advisor to assist with the company’s renewable fuels and sustainable products growth strategy. During this engagement, the company expects to review various potential strategic transaction opportunities aimed at strengthening the balance sheet to support growth acceleration and asset development in […]
In the Netherlands, 123Carbon has completed an insetting pilot with Chevron by tokenizing the emissions reductions associated with bunkering of biofuel for Chevron-owned vessel in Singapore. This successful pilot allows for further introduction of carbon insetting capabilities to other third-party customers. 123Carbon provides the blockchain-based platform to create the inset and enables customers to create […]
