Category: Fuels

Notpla lands $25M Series A+ round for algae-based plastic

Notpla lands $25M Series A+ round for algae-based plastic

October 10, 2024 |

In the UK, Notpla closed its Series A+ funding round securing over $25 million in equity fundraising to advance it into a new era of plastic-free materials and a healthier planet. This substantial investment, which more than doubled the company’s initial target, comes at a crucial time. Its innovative approach to sustainable packaging has garnered […]

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Raízen, Shell and SENAI to invest $21.4M in Brazilian Bioenergy Center

Raízen, Shell and SENAI to invest $21.4M in Brazilian Bioenergy Center

October 9, 2024 |

In Brazil, Raízen, Shell and SENAI announced an investment for the construction of the Bioenergy Center, located in the planned neighborhood of Reserva Jequitibá, in Piracicaba. The groundbreaking event marked the beginning of construction on the modern set of laboratories and pilot plants, which will be located at the epicenter of the agribusiness innovation ecosystem, […]

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Indonesia to boost palm oil demand 1.7M tons next year when mandate goes to 40%

Indonesia to boost palm oil demand 1.7M tons next year when mandate goes to 40%

October 9, 2024 |

In Indonesia, Reuters reports that when the country boosts its biodiesel blending mandate to 40% from the current 35%, available palm oil supplies will tighten. With blending expected to rise to 16 billion liters next year when the mandate increases, up to 1.7 million metric tons of palm oil annually will be diverted towards biodiesel […]

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Lantmännen launches biogas business

Lantmännen launches biogas business

October 9, 2024 |

In Sweden, Lantmännen has identified biogas as a growth area and is now establishing Lantmännen Biogas AB. Lantmännen has organic residual streams from its own operations, the values of which can be maximized by being used as a raw material for biogas production. With a strong focus on resource efficiency and sustainability, Lantmännen currently processes […]

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Inpasa to invest $608M to expand refinery including biorefinery

Inpasa to invest $608M to expand refinery including biorefinery

October 9, 2024 |

In Brazil, Inpasa signed an agreement that deals with the investment of R$3.4 billion for the expansion of the Sidrolândia (MS) plant and for the completion of the Balsas (MA) plant, which will begin operating in March 2025, in addition to the construction of the biorefinery in Luís Eduardo Magalhães (BA), with operations scheduled for […]

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Greenvolt sources $437.6M in additional funding

Greenvolt sources $437.6M in additional funding

October 9, 2024 |

In Portugal, initially set at 350 million euros, Greenvolt Group has successfully upsized its syndicated financing to a total of 400 million euros, following strong interest from the financial community. This increase was supported by two additional banks, including a new corporate lending partner, bringing the total number of international lenders in the facility to […]

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CycleØ to invest in 4 new agri-based biogas plants across Ireland

CycleØ to invest in 4 new agri-based biogas plants across Ireland

October 9, 2024 |

In Ireland, CycleØ Group announced its intention to make a significant investment in new innovative biomethane plants in Ireland.  The group, which boasts a portfolio of hundreds of successful biogas/biomethane installations in more than 40 countries globally, stated its intention to initially build 4 new agri-based plants across Ireland. This requires an investment totaling more […]

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Biotechnology startup ÄIO lands VC investment for oils and fats from wood and agricultural residues

Biotechnology startup ÄIO lands VC investment for oils and fats from wood and agricultural residues

October 9, 2024 |

In Estonia, biotechnology startup ÄIO has raised €6.1 million through venture capital funds Voima Ventures, 2C Ventures, SmartCap and Nordic Foodtech VC. The funds will be used to build a demo plant in Estonia to produce environmentally friendly oils and fats from wood and agricultural residues, offering an alternative to the widely used oils in […]

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Honeywell and SGP BioEnergy developing tech to use hemp and other plants as biochemical feedstocks

Honeywell and SGP BioEnergy developing tech to use hemp and other plants as biochemical feedstocks

October 8, 2024 |

In North Carolina, Honeywell and SGP BioEnergy are working together to develop new, scalable technology to convert industrial hemp and other plant-based material into biochemicals that can be used to produce plastics and other everyday items, offering an alternative to chemicals produced from fossil fuels. As part of this collaboration, Honeywell will develop the new […]

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Grupo Potencial invests $548M in biofuel projects

Grupo Potencial invests $548M in biofuel projects

October 8, 2024 |

In Brazil, Grupo Potencial announced an investment of R$3 billion in biofuel projects, reinforcing its commitment to innovation and sustainability in the energy sector. The announcement was made Tuesday during the signing ceremony of the Fuel of the Future Law, in Brasília, by President Luiz Inácio Lula da Silva. This new legislation aims to boost […]

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