In Switzerland, International Air Transport Association (IATA), in partnership with Worley Consulting, has published a study demonstrating that sufficient sustainable aviation fuel (SAF) feedstock exists to enable the airline industry to achieve net zero CO2 emissions by 2050. All feedstocks considered meet stringent sustainability criteria and do not lead to changes in land use. The […]
In India, DevDiscourse reports TruAlt Bioenergy’s IPO broke records, being oversubscribed 71.92 times over the 12.3 million shares available. Qualified Institutional Buyers were oversubscribed 159.22 times while non-institutional investors were oversubscribed 98.56 times. The company raised $28.4 from anchor investors and another $94.6 million from the IPO itself which will allow the company to set […]
In Texas, Darling Ingredients, a 50/50 joint venture between Darling Ingredients Inc. and Valero Energy Corporation, announced an agreement to sell $125 million of production tax credits to a corporate buyer. These credits were generated under the Inflation Reduction Act (IRA) by the company’s Diamond Green Diesel joint venture, and the proceeds of the sale […]
In Austria, the foundation stone has been laid for one of the largest electrolysis plants for green hydrogen in Europe. The 140 MW plant in Bruck an der Leitha is scheduled to go into operation at the end of 2027. OMV will produce up to 23,000 tons of hydrogen annually in future using renewable energy […]
In Missouri, Green Plains Renewable Energy has sold 2025 45Z credits generated from several of their ethanol facilities and the negotiation of a term sheet for an additional tranche of 2025 45Z Credits. GPRE expects the sale and transactions contemplated in the term sheet to generate $40 million to $50 million in 2025 EBITDA. This […]
In Tennessee, POET has finalized its acquisition of Green Plains Obion, which will now be known as POET Bioprocessing – Obion, a bioethanol facility in northwestern Tennessee. With this milestone, POET’s portfolio grows to 35 bioprocessing facilities across nine states, bringing its annual production capacity to 3.1 billion gallons of bioethanol. POET also produces 15 […]
In Texas, XCF Global, Inc. has signed a Letter of Intent with Posh Robotics through its subsidiary New Rise Renewables Reno, LLC to explore deploying Posh Energy’s Flex-Fuel Gensets at the New Rise Reno renewable fuels facility. Posh’s Flex-Fuel Gensets are expected to be installed at New Rise Reno to convert byproducts from SAF and […]
In Germany, DHL Global Forwarding and Hapag-Lloyd have achieved a major milestone in their joint efforts to decarbonize supply chains. The two companies have signed a three-year framework agreement for Scope 3 greenhouse gas (GHG) emission reductions resulting from the use of sustainable marine fuels within Hapag-Lloyd’s fleet. As part of this agreement, the first […]
In India, Solar Quarter reported that Solaris is set to broaden its renewable energy footprint with upcoming projects that include solar with battery storage, floating solar, and waste-to-energy (WTE) initiatives, On the WTE front, President and CEO Jose Alfonso Miras revealed Solaris is considering entering the sixth round of GEAP, which is expected to include […]
In Germany, the AMG Petronas F1 team stated that this weekend’s Azerbaijan Grand Prix saw the debut of pioneering bio-based carbon fiber composite material on the team’s W16 race car. The rear brake duct wheel shields on F1 pilot George Russel’s car were developed using a new resin that includes 30% bio-based materials. This marks […]
