Greenhouse Gases
U.S. FAA awards nearly $300 MM to SAF projects and technologies
The Federal Aviation Administration (FAA) announced that $291 MM in funding was awarded from the Inflation Reduction Act for projects that will help achieve the goal of net-zero greenhouse gas emissions from aviation by 2050.
Planet launches first Tanager-1 hyperspectral satellite to monitor methane emissions
Planet has announced that its first hyperspectral satellite, Tanager-1, along with 36 SuperDoves (Flock 4BE), were successfully launched into orbit during the Transporter-11 Rideshare mission with SpaceX, which lifted off from Vandenberg Space Force Base on Friday.
VTT opens a pilot plant in Finland utilizing captured CO2 to produce recyclable plastics
VTT, LUT University and companies have opened a pilot plant in Espoo, Finland, to process captured CO2 into compounds that can replace fossil raw materials in plastic products and chemicals.
TotalEnergies Marine Fuels supplies its first B100 biofuel bunker in Singapore
TotalEnergies Marine Fuels supplied its first B100 biofuel bunker in Singapore, marking a significant expansion in its low-carbon fuels offer as it supports the decarbonization of global shipping.
Maersk's shipping future includes dual-fuel vessels, continuing decarbonization of marine transport
Maersk is in the process of signing newbuilding orders and time-charter contracts for dual-fuel vessels (methanol and liquified dual-fuel propulsion systems) matching the planned renewal pace of around 160,000 TEU/yr.
U.S. DOE awards $41 MM for renewables-to-liquids/chemicals projects
The U.S. Department of Energy announced $41 MM for 14 projects to develop technologies, renewables-to-liquids, for harnessing renewable energy to produce liquids for sustainable fuels or chemicals.
Mitsubishi Heavy Industries, Taiwan Fertilizer sign MoU to study a fuel ammonia value chain in Taiwan
Mitsubishi Heavy Industries, Ltd. has entered into a Memorandum of Understanding with Taiwan Fertilizer Co., Ltd. to conduct a joint pre-feasibility study that will explore the establishment of an ammonia value chain in Taiwan, in support of Taiwan's "2050 Net-Zero Emissions" goal.
OCI Global to sell its clean ammonia project in Texas (U.S.) to Woodside Energy for $2.35 B
OCI Global has entered into a binding equity purchase agreement for the sale of 100% of its equity interests in OCI’s 1.1-MMtpy clean ammonia project under construction in Beaumont, Texas to Woodside Energy Group Ltd for $2.35 B.
Gunvor joins VARO to jointly develop large-scale SAF manufacturing facility
Gunvor Group will join VARO Energy in building a large-scale sustainable aviation fuel (SAF) manufacturing facility at the Gunvor Energy Rotterdam site through a proposed joint venture.
Illimity Bank provides financing for ISAB refinery upgrade in Italy
Illimity Bank said it had structured a financing deal worth more than 400 MM euros for Italian refinery ISAB, which plans to reduce the environmental impact of its activities under a 1.4-B euro investment plan.
- Borouge set to boost production capacity to over 6.6 MMtpy 4/28
- Sri Lanka to begin talks with India, UAE for new energy hub 4/28
- S-Oil posts refining, petrochemical losses; expects US tariffs to affect margins in Q2 4/28
- Kuwait Petroleum's stake investment in China Wanhua Chemical's unit valued at $638 MM 4/28
- Chemical maker LyondellBasell misses quarterly profit estimates on weak volumes 4/28
- Trump administration (U.S.) to allow temporary sales of summertime higher-ethanol fuel 4/28
