Tag: biofuels

Bolivia and Brazil sign deal to expand cooperation on biofuels, biotechnology and fertilizer marketing

February 3, 2024 | Juan Pedro Tomas

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 […]

EU renews approval for UK’s Red Tractor for biofuels certification

January 31, 2024 | Meghan Sapp

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 […]

NYK breaks ground at site of future test engine facility for biofuels

January 30, 2024 | Meghan Sapp

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 […]

Aston University scientists to tackle challenges of converting rice straw into next-gen biofuels

January 27, 2024 | Juan Pedro Tomas

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 […]

IEA says emerging economies led 2023 biofuels growth

January 23, 2024 | Meghan Sapp

In France, the International Energy Agency in its most recent report on renewable energy says that in 2023, the role of biofuels has also come to the fore. Emerging economies, led by Brazil and India, are expected to drive 70% of global demand over the next five years as biofuels start to show their true […]

Kansas awarded $5 million in biofuels grants

January 20, 2024 | Juan Pedro Tomas

In Kansas, KWCH reported that the USDA Rural Development announced that $5 million in grants will be awarded to the state of Kansas. The announcement is part of a larger national announcement that includes projects in 21 other states, according to the report. The grants will be used to increase the availability of domestic biofuels, […]

Second-generation biofuels market to reach $ 314.5 billion by 2031

January 12, 2024 | Juan Pedro Tomas

In Delaware, a report by research firm Transparency Market Research stated that the global second-generation-biofuels market would reach a value of $ 314.5 billion by 2031, up from $ 30.2 billion in 2021. The report noted that the market is forecast to expand at a CAGR of 26.4% during the 2022 -2031 period. “Policies and […]

Argentine government authorizes increases in biofuels prices

January 2, 2024 | Juan Pedro Tomas

In Argentina, Infobae reported that the Ministry of Energy authorized an increase in biofuels prices of between 28.5% and 34.4%, which will result in greater pressure on the value of gasoline and diesel. The law obliges local oil companies to buy biofuels to blend with gasoline and diesel. According to the rules published by the […]

NYK plans to launch full-scale biofuel trials in 2024

December 30, 2023 | Juan Pedro Tomas

In the Netherlands, Offshore Energy reported that Japanese shipping company NYK plans to launch full-scale trials of the long-term use of biofuels in navigating its existing heavy oil-fired vessels starting in fiscal 2024. According to the report, NYK has already conducted several biofuel trials over the past couple of years. Specifically, the company’s data shows […]

Argentine government seeks changes in the biofuels sector