In the Netherlands, Offshore Energy reported that China Classification Society (CCS) has signed a strategic cooperation agreement with Swiss turbocharger producer Accelleron to work on the development of green fuels and upgrade of ammonia and methanol engines for ships. Under the strategic cooperation agreement, CCS and Accelleron will establish a long-term cooperative relationship in products […]
In Canada, Emergen Research reported that the global biobased cosmetics market is expected to reach a value of $8.86 billion by 2032, up from $4.95 billion in 2022. The market is expected to expand at a CAGR of 6% during the forecast period, “Rising consumer interests for natural or organic ingredients for cosmetics, increasing research […]
In France, Global Bioenergies announced that the provisional schedule for the construction and commissioning of its new plant by 2027 is becoming clearer. The finalization of the basic engineering design, concurrent with the signing of the first tranche of financing for the plant, is expected in summer 2024. Once completed, the front end engineering design […]
In China, Xinde Marine News reported that Shanghai International Port Co., Ltd. (SIPG) and Evergreen Marine Corp. signed a Memorandum of Understanding on green methanol fuel supply to ships in the Port of Shanghai. According to the agreement, SIPG will provide green methanol procurement, supply and refueling services for Evergreen’s dual-fuel methanol ships which will […]
In Finland, Neste welcomed the French government and Senate’s decision to increase the share of renewable energy within the overall energy consumption of the transport sector. In January 2024, the required minimum share of renewable energy will increase from 8.6% to 9.2% to further accelerate greenhouse gas emission (GHG) reductions in the transport sector. “The […]
In China, Reuters reported that Bain Capital-backed biofuels refiner EcoCeres has tied up with a waste management firm backed by the Chinese city of Shenzhen to source feedstock as it expands production of low-carbon fuels to meet fast-growing demand. The agreement between Hong Kong-based EcoCeres and Shenzhen Expressway Group, which handles more than 2.5 million […]
In North Dakota, Ethanol Producer Magazine reported that CoBank’s Knowledge Exchange released a report that predicts that both ethanol producers and soybean crushers will benefit from rising demand for biofuels in 2024. “The biofuel sector at large carries the momentum of historically large profit margins into the new year,” CoBank wrote in the report. With […]
In Germany, Reuters reports that Suedzucker has offered a nearly 70% premium to purchase the outstanding 25.94% of CropEnergies that it does not own in an effort to delist the company through 100% ownership. Suedzucker says that it has taken the decision based on its 2026 PLUS growth strategy, which is centered on biobased chemicals. […]
In Egypt, the Prime Minister held a meeting on Wednesday at the government headquarters in the New Administrative Capital to discuss the timeline for a new green hydrogen project in the Suez Canal Economic Zone (SCZone). The project will be carried out by the Saudi company “ACWA Power” and will require investments exceeding $4 billion. […]
In the Netherlands, ExxonMobil’s affiliate Esso Nederland BV plans to build a pilot plant at its Rotterdam Manufacturing Complex to test a breakthrough technology that could significantly reduce CO2 emissions from key industries. The pilot plant aims to obtain data on performance and operability of the carbonate fuel cell (CFC) technology, jointly developed with FuelCell […]
