In Brazil, Petrobras has signed a memorandum of understanding with MIC Capital Partners (Brazil Strategic Opportunities) Fundo de Investimento em Participações, Mubadala Capital Group’s Multi-strategy Investment Abroad, to develop studies covering future businesses in the downstream segment, with emphasis on evaluating Petrobras’ participation in a biorefining project. The Mubadala Capital Group is in the process […]
In Indonesia, Pertamina, through its subsidiary PT Pertamina International Shipping, and PT Pelindo have signed a collaboration agreement for the Jakarta Integrated Green Terminal (JIGT) development in Kalibaru, North Jakarta. JIGT would not only store fuels like LPG, gasoline, and biodiesel but would also be designed to accommodate LNG, CPO, UCO (Used Cooking Oil), and […]
In South Korea, Korean Air will launch a program to use sustainable aviation fuel (SAF) for air cargo operations in cooperation with air cargo customers and forwarders. Customers can make customized contributions through the Korean Air Cargo SAF program and reduce their carbon footprint. Korean Air will use the contributions to purchase additional SAF and […]
In Brazil, Platts reports the spread between imported diesel A and domestic biodiesel has narrowed enough to potentially increase demand for the bio-based alternative. A narrower spread could entice the government to increase the blending mandate from the current 12%. The mandate is meant to increase 1% per year until reaching 15% in 2026. Although […]
In the UAE, smart and green facilities management (FM) company Farnek has signed a partnership agreement with Dubai headquartered Neutral Fuels to reduce the amount of carbon emissions generated by its transport fleet. Farnek has made a commitment to transition to Neutral Fuels’ B7 blend biodiesel which saves 6.14% of carbon emissions in comparison to […]
In Indiana, WCSI local radio reports that POET’s Cloverdale biorefinery that was shut down four years ago due to the implementation of the Renewable Fuel Standard has now been restarted thanks to strong support for E15. A “Grand Opening” was held last week but the plant won’t be fully online until next week. POET invested […]
In India, the Hindu Business Line newspaper reports that Sri Lanka and Bangladesh have indicated interest in importing ethanol from India. India already exports gasoline and diesel to Bangladesh via pipeline, and India’s transportation minister has indicated that it could be possible to sell both fuels blended with biofuels rather than purely fossil-based fuels. It […]
In California, US renewable natural gas projects developer Terreva Renewables, a portfolio company owned by infrastructure investor CIM Group, said it raised $417 million from corporate and institutional investors to support the expansion of its RNG platform. CIM Group began investing in RNG in 2021 and formed Terreva in August 2022 to be a leading […]
In the United Arab Emirates (UAE), dnata, a global air and travel services provider, said its brands dnata Logistics, Arabian Adventures, Alpha Flight Services and City Sightseeing have switched their vehicles to run on a biofuel blend. The company said that this strategic move saves 80 tons of Carbon Dioxide (CO2) emissions per year, equivalent […]
In Connecticut, Veeder-Root, a specialist in fuel management and environmental technology, in collaboration with precision measurement solutions expert Total Meter Services, unveiled the Biofuel Blending System (BBS). Veeder-Root said this in-line solution utilizes the same technology as the Additive Injection System (AIS), offering a versatile and accurate biofuel blending solution designed specifically for retail locations. […]
