In New York, Spherical Insight reported that the global green diesel market is expected to grow from $ 29.43 billion in 2023 to $ 93.05 billion by 2033. The report noted that the market is forecast to expand at a Compound Annual Growth Rate (CAGR) of 12.20% during the period. “North America is dominating the […]
In South Korea, c&en reported that Hyosung, the world’s largest maker of spandex fibers, plans to spend $1 billion on a site in Vietnam that will use Genomatica’s fermentation technology to convert sugar into 1,4-butanediol (BDO), a spandex precursor that’s typically made from coal or natural gas. According to the report, Hyosung plans to produce […]
In Texas, Phillips 66 announced a major milestone in its conversion of the San Francisco refinery into the Rodeo Renewable Energy Complex, expanding commercial scale production of renewable diesel. The firm noted that the Rodeo Renewed project has progressed, with the facility now processing only renewable feedstocks and producing approximately 30,000 barrels per day of […]
In Norway, Aker Carbon Capture said it has been awarded a pre-FEED for Statkraft’s Heimdal waste-to-energy plant for capturing 220.000 tons of CO2 per year. The pre-FEED covers CO2 capture, compression, purification, liquefaction, and temporary storage of CO2 at the Heimdal waste-to-energy plant. From Heimdal, the liquid CO2 will be transported by truck to an […]
In Hong Kong, Global Shipping Business Network (GSBN) has completed a pilot with COSCO Shipping to issue traceable and verifiable green certificates powered by blockchain technology. To increase traceability and verifiability, COSCO has partnered with GSBN to launch its Hi ECO blockchain-based shipping product. GSBN leverages its blockchain-enabled network to establish linkage between the Proof […]
In Wyoming, Raven SR, a renewable fuels company, announced it has secured $15 million in new investments. The company said the latest fundraising underscores the confidence in Raven SR’s proprietary Steam/CO2 Reforming technology that converts various waste streams into renewable transportation fuels like hydrogen and sustainable aviation fuel. Ascent Funds led the latest $15 million […]
In Spain, Repsol marked a milestone in the decarbonization of transport in the Iberian Peninsula with the start of large-scale production of renewable fuels at its industrial complex in Cartagena (Spain). This plant is the first on the Iberian Peninsula dedicated exclusively to the production of 100% renewable fuels. The company has invested €250 million […]
In Belgium, although it is already used in marine engines and simple combustion systems, waste-based FAME has not been used yet in locomotives. Lineas had the premiere of being the first rail freight operator to test it. Lineas is currently in the final testing phase, which is expected to last until June of this year. […]
In France, Altens is strengthening its activity in biofuels with the launch of the low-carbon PUR100. This alternative fuel, produced from French rapeseed, has a greater power to reduce greenhouse gases than traditional B100 thanks to more virtuous agricultural practices. This new low-carbon B100 has greater GHG reduction power than traditional B100. The reduction in […]
In Spain, Solarig has announced the development in Soria of one of the most innovative Sustainable Aviation Fuel (SAF) plants in the world, in Parque Empresarial del Medio Ambiente (PEMA) located in the municipality of Garray. The ‘NUMANTIA SAF’ project will have a production capacity of 60,000 metric tons per year of SAF, equivalent to […]
