Biofuels
Sustainability application of aviation eJet fuel
SAF will be essential to achieving the aviation industry’s ambitious decarbonization targets by 2050. Regulations will play a large part in increasing the share of SAF used in aviation and defining the qualified products. CO2 utilization and bio-SAF have great potential to supplement aviation turbine demands. Combining the production of bio-SAF and CO2-based industrial processes provides advantages regarding the most efficient use of carbon from different sources, with high efficiency and optimized costs.
Italy, Saudi Arabia sign energy cooperation agreement, including low-carbon hydrogen, ammonia and CCS
The cooperation focuses on renewable energy, reducing methane emissions, power interconnections, renewable and low-emissions hydrogen and ammonia, and carbon capture and storage systems
Thai cabinet approves collection of carbon tax
Thailand's cabinet agreed to levy a carbon tax of 200 baht/ton ($5.88/ton) of carbon emissions as part of the country's efforts to reduce GHG emissions. Products to be subject to the carbon price mechanism include gasoline, kerosene, jet fuel, diesel biodiesel, LPG and others.
Indonesia expects EU to adjust palm oil biofuel stance after EU ruling
Indonesia welcomed a ruling by the World Trade Organization in a case against European Union on palm oil-based biodiesel, expecting the bloc to adjust its regulations to comply with the ruling.
U.S. issues partial guidance on clean fuel subsidies, chafing ethanol makers
The U.S. government has released short-term guidance on how companies can secure clean fuel tax credits under the Inflation Reduction Act, but fell short of finalizing the program's key details.
Bayer acquires camelina assets from Smart Earth Camelina to advance biofuels
Bayer has signed a deal with Canada-based Smart Earth Camelina Corp., whereby Bayer has acquired the company’s camelina germplasm, intellectual property and materials to expand its global leadership position in biomass-based feedstock markets.
INEOS closes last remaining synthetic ethanol plant in the UK
High energy prices and high carbon taxes have forced the closure of this strategic UK asset. Sir Jim Ratcliffe, Chairman of INEOS says, “De-industrializing Britain achieves nothing for the environment. It merely shifts production and emissions elsewhere."
Montana Renewables announces closing of $1.44-B U.S. DOE loan for renewable fuels and biomass energy facility
Calumet, Inc. announced the closing of a $1.44-B guaranteed loan facility with the U.S. Department of Energy Loan Programs Office that will fund the construction and expansion of the 300-MMgpy renewable fuels facility owned by Montana Renewables
USA BioEnergy secures land for $2.8-B SAF plant in East Texas (U.S.)
USA BioEnergy (USABE) announced it has closed on the acquisition of 1,600+ acres of land in East Texas for its new $2.8-B advanced biorefinery, designed to convert wood waste into sustainable, net-zero aviation fuel (SAF).
WTO panel largely backs EU in palm oil case against Indonesia
A World Trade Organization (WTO) panel found largely in favor of the European Union (EU) on Friday in a case brought by Indonesia against the bloc's restrictions on palm oil-based biofuel.
- Brazil's Petrobras to invest $4.8 B in integration between Reduc refinery and Boaventura complex 7/8
- Braskem completes first sale of circular polyethylene in South America 7/8
- bp's 440,000-bpd refinery in Whiting, Indiana (U.S.), reported flaring due to operational conditions 7/8
- UK's insolvent Lindsey oil refinery secures some crude supply to keep running for now 7/8
- Brazil's energy minister hints at possible fuel price cuts 7/8
- Marathon Galveston Bay refinery (U.S.) hydrotreater to remain shut until September 7/8
