Biofuels
U.S. renewable fuel credits rally to multi-month highs
U.S. renewable fuel credits rose to multi-month highs on increased demand from refiners trying to comply with mandates and higher prices for soyoil.
Repsol launches Nexa, the commercial brand of its 100% renewable premium diesel in service stations
Repsol has launched the commercial name of its 100% renewable diesel in its service stations: Nexa 100% Renewable Diesel, a premium fuel designed for all diesel engines.
Indonesia proposes increase in biodiesel mix to 50% in 2028
Indonesia's government is proposing to increase the mandatory blend of palm oil-based fuel in biodiesel to 50% in 2028, up from the present amount of 35%.
Shell Catalysts & Technologies, Licella to develop global low-carbon biomass-to-biofuel commercial solutions
Shell Catalysts & Technologies and Licella have formed a new upgrading technology collaboration to develop a low-carbon, integrated solution for converting biomass into advanced biofuels. This initiative aims to unlock a new value chain for the production of low-carbon fuels, addressing growing global demand for sustainable energy solutions, including sustainable aviation fuel.
DG Fuels to launch SAF plant in Minnesota (U.S.), converting biomass into high-value fuel
DG Fuels, a U.S.-owned sustainable aviation fuel (SAF) company, in cooperation with the Minnesota EDC and The Minnesota SAF Hub, has selected the city of Moorhead, located in Clay County, Minnesota, for its new production facility serving the Great Lakes region.
Cepsa becomes Moeve
Cepsa has announced its name change to Moeve, marking a historic milestone in the company’s transformation.
Maersk signs long-term methanol sourcing deal
Maersk has entered into a long-term bio-methanol offtake agreement with LONGi Green Energy Technology Co. Ltd. The agreement will contribute to lowering GHG emissions from Maersk’s growing fleet of dual-fuel methanol container vessels.
Canada's renewable diesel projects hit by U.S. import surge
Canadian renewable fuel producers are facing lower returns on new facilities due to a slump in British Columbia's low carbon fuel standard (LCFS) credit market, a trend expected to persist amid a flood of exports from the United States.
KKR to take 25% stake in Eni biofuel unit, valuing it at $13 B
U.S. fund KKR is buying a 25% stake in Italian energy group Eni's biofuel business Enilive, in a deal that values the unit at €11.75 B ($12.7 B) including debt.
Montana Renewables receives $1.44-B conditional commitment for renewable fuels and biomass energy facility
Calumet Inc. has announced that the U.S. Department of Energy (DOE) Loan Programs Office (LPO) has awarded a conditional commitment for a loan guarantee of up to $1.44 B to fund the construction and expansion of a renewable fuels facility owned by Montana Renewables LLC (MRL).
- Jinggong Group, Yokogawa sign multi-faceted strategic partnership on mutual business development 6/11
- USA BioEnergy secures long-term feedstock supply for $2.8-B SAF refinery in Texas (U.S.) 6/11
- GameChange Solar secures 450-MWp order for green ammonia project in Oman 6/11
- Russia's offline primary oil refining capacity revised up 21% in July 6/11
- Borouge awards ADNOC L&S 15-year contract to accelerate growth of UAE petrochemical exports 6/11
- TOYOTA GAZOO Racing unveils liquid hydrogen-fueled "GR LH2 Racing Concept" at Le Mans 6/11
