In the UK, Argus recently launched freight rates for biofuels and biofuels feedstocks in response to growing demand for price transparency in the energy transition fuel supply chain. The 60 new Argus weekly assessed “specialized” rates cover biofuels and biofuels feedstocks. These include biodiesel, hydrogenated vegetable oil (HVO), ethanol, sustainable aviation fuel (SAF), palm oil, […]
In Thailand, The Bangkok Post reported that BBGI, the biotechnology arm of energy conglomerate Bangchak Corporation Plc, expects a significant increase in revenue driven by key businesses such as biofuels that have a promising business outlook following Bangchak’s takeover of Esso Thailand. The gasohol and biodiesel business alone should increase revenue by 30% this year, […]
In Norway, Wallenius Wilhelmsen recently signed another significant multi-year contract. The new agreement, with a leading global player in the premium car segment, is valued at more than $1 billion over three years, covering both shipping and logistics services, as well as the use of biofuel. The multi-year contract has a duration of three years, […]
In Singapore, Manifold Times reported that Green COP, a deep-tech start-up in sustainable fuel solutions in Singapore, announced the successful conclusion of its angel investment round. With the newly acquired funds, Green COP is poised to establish a sustainable biofuels pilot plant with a daily production capacity of 1 ton. The company has garnered substantial […]
In France, GEODIS has pledged to reduce its scope 1 and 2 greenhouse gas (GHG) emissions by 42% and reduce the carbon intensity of subcontracted transport (scope 3) by 30% by 2030 compared to 2022. GEODIS plans to continue the transition towards alternative vehicles and modes using decarbonized or bio-sourced energies and installing suitable infrastructures […]
In Portugal, The Portugal News reported that an investment from BioAdvance is about to be opened in Figueira da Foz, which will start with a production of 20,000 tons of biofuels per year. According to the report, the plant will increase its capacity to 200,000 tons per year in two or three years. For this […]
In Brazil, the ministers of the governments of Bolivia and Brazil signed a Memorandum of Understanding (MoU) with the purpose of expanding cooperation in biofuels, biotechnology and fertilizer trade. According to the agreement, both governments also commit to contributing to the development of regulatory, technological and methodological policies in determining prices for the fertilizer and […]
In the UK, Brexit and subsequent (European Union) EU rule changes to its Renewable Energy Directive (RED) had threatened to remove all UK farm assured growers from the EU biofuels market at the end of 2023. Red Tractor initiated a UK-wide industry effort to avert this negative outcome. Following two years of detailed submissions with […]
In Japan, NYK held a ceremony on Monday to break ground at a site in Chiba Prefecture where the company will install a test engine facility to evaluate the safety of biofuels and accelerate their practical application. The NYK Group will complete the installation of the test engine in June and analyze the biofuel in […]
In the UK, Aston University scientists are to tackle some of the challenges of how to make inedible rice straw into the next generation of biofuels. In recent years, biofuels and biobased chemicals have been blended with petrol to create a more sustainable alternative. The Aston University researchers are to examine issues that currently hinder […]
