In the UK, Essar Group announced the formation of Essar Energy Transition to drive the creation of the UK’s leading energy transition hub in Northwest England. EET plans to invest a total of $3.6 billion in developing a range of low carbon energy transition projects over the next five years, of which $2.4 billion will […]
In California, with $6 million raised in its latest round of pre-series A funding, Loliware has raised a total of $15.4 million – making it the market’s best-funded seaweed materials tech company. Company officials said they will use the funds to focus on continued growth in the seaweed materials market, launch several new products and […]
In Belgium, INEOS Olefins Belgium announced it has raised €3.5 billion to support the construction and operation of the most environmentally sustainable cracker in Europe. This is the largest investment in the European chemical sector for a generation. The plant will have the lowest carbon footprint in Europe, three times lower than the average European […]
In Singapore, Kawasaki Kisen Kaisha, Ltd. (“K” LINE) conducted the trial use of B24 marine biofuel comprising 24% fatty acid methyl ester (FAME) blended with very low sulfur fuel oil (VLSFO), which was supplied by integrated energy company bp to the Capesize bulker “CAPE TSUBAKI” with the cooperation of the charterer, JFE Steel Corporation. This […]
In Italy, Eni Sustainable Mobility and Saipem have signed a Memorandum of Understanding (MoU) with the aim of employing biofuels on Saipem’s drilling and construction naval vessels, with particular attention to operations in the Mediterranean Sea. Saipem has a global fleet consisting of 45 vessels for construction and drilling. The MoU represents an important milestone […]
In Finland, development of the next-generation Baltic assistance icebreaker has progressed to the next phase. The Aker ARC 130 S design has been finalized in close co-operation with the Swedish Maritime Administration (SMA) and optimized for Sweden’s icebreaking needs. The decision to construct at least two new icebreakers for Sweden was made in December 2022. […]
In Australia, BHP is trialling the use of Hydrotreated Vegetable Oil (HVO) to help power mining equipment at its Yandi iron ore operations in Western Australia. Supplied through a collaboration with bp, the renewable diesel made from HVO will be used in haul trucks and other mining equipment over an initial three-month trial period. BHP […]
In Belgium, a recent study shows that the increasing amount of compostable bioplastics in our waste can be collected and processed with no ecological risk to produce biogas, supporting the development of renewable energy in Europe. EU countries are required to reuse and recycle at least 55% of their municipal waste by 2025, 60% by […]
In India, the Hindu Business Line newspaper reports sugar diversion to ethanol production is up 38% on this season through February 15 at 2.5 million metric tons, data from the Indian Sugar Mills Association shows. Sugar diversion was just 1.87 million tons during the same period last season. Mills expect to divert 1 million more […]
In Ireland, RTE reports that ethanol blending will double nationwide on April 1 to 10% from the current 5% in line with the country’s aim to achieve 51% carbon emissions reductions from 2030. E10 was already introduced in Northern Ireland last year when the United Kingdom rolled out the higher blend that is already available […]
