In Finland, building on its capability of proactive transformation, Neste has launched a strategic study on transitioning its refinery in Porvoo, Finland to non-crude oil refining and into a globally leading renewable and circular solutions site. Through co-processing and retrofitting of units, and benefiting from available refining assets, experience and know-how, Neste targets to significantly […]
In Washington state, Holland America Line completed the cruise industry’s first multiweek test of biofuels on board Volendam at Port of Rotterdam in the Netherlands. The 20-day test was conducted in partnership with GoodFuels, a leading producer and supplier of sustainable biofuels for the transportation industry, and Wärtsilä, a global leader in power and propulsion technologies and […]
In Austria, OMV and Ryanair have signed a Memorandum of Understanding to supply sustainable aviation fuel (SAF) at Ryanair airports across Austria, Germany, and Romania. While the limited production of SAF remains a global aviation issue, this MoU agreement gives Ryanair unique access to purchase up to 160,000 tons (53 million gallons) of SAF from […]
In France, Repsol signed a purchase order for a volume of Global Bioenergies’ full-bio-ETBE to be used for formulation and performance assessment of gasoline. Standard ETBE, which is added up to around 15% in current gasoline, is only partially renewable as it is currently produced from renewable ethanol combined with fossil isobutene. To produce full-bio-ETBE, […]
In Germany, CropEnergies is continuously assessing the capacity utilisation of all its renewable ethanol production plants. Given the multiplication in energy and power prices in combination with continuously high raw material prices, the pressure on the cost side is increasing. Particularly from January 2023 onwards, CropEnergies can only to a declining extend benefit from hedging […]
In Iowa, Summit Carbon Solutions has engaged CIBC World Markets Corp. (CIBC) as financial structuring advisor for the company’s $4.5 billion project, which will be capable of capturing and permanently storing more than 12 million tons of carbon dioxide every year. CIBC will partner with Morgan Stanley in advising Summit Carbon Solutions on project-level debt […]
In Switzerland, Swiss sports brand On presents the first shoe made from carbon emissions, called Cloudprime. This is a significant moment in On’s journey to move away from petroleum-based resources by creating a new foam material called CleanCloud™, made using carbon emissions as a raw material. On is the first company in the footwear industry […]
In Washington, the U.S. Department of Energy (DOE) announced $178 million for bioenergy research to advance sustainable technology breakthroughs that can improve public health, help address climate change, improve food and agricultural production, and create more resilient supply chains. This funding will support cutting-edge biotechnology R&D of bioenergy crops, industrial microorganisms, and microbiomes. Alternative clean […]
In New Zealand, Air New Zealand will next week welcome the first shipment of Neste MY Sustainable Aviation FuelTM (SAF) into New Zealand (‘Aotearoa’) ready to power the airline’s fleet. The shipment of SAF is imported into New Zealand in partnership with Z Energy. The 1.2 million liter (937 tons) import of neat SAF is […]
In Washington, Agriculture Secretary Tom Vilsack announced that the Biden-Harris Administration through the U.S. Department of Agriculture is investing up to $2.8 billion in 70 selected projects under the first pool of the Partnerships for Climate-Smart Commodities funding opportunity, with projects from the second funding pool to be announced later this year. Ultimately, USDA’s anticipated […]
