Biofuels
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).
Phillips 66 hit with $604.9-MM U.S. verdict in fuel trade-secrets case
Energy company Phillips 66 owes biofuel maker Propel Fuels $604.9 MM in damages for stealing Propel's trade secrets to build up its renewable-fuel capabilities.
U.S. capacity to produce biofuels increased 7% in 2023
Capacity to produce biofuels increased 7% in the U.S. during 2023, reaching 24 Bgal/yr at the start of 2024, led by a 44% increase in a category the U.S. Energy Information Administration (EIA) calls “renewable diesel and other biofuels.”
Neste MY Renewable Diesel to power Verne data centers’ back-up generators in Finland
Neste’s renewable diesel helps Verne, a provider of sustainable data center solutions for high intensity computing, to transition its operations from fossil to renewable fuels. Verne's data centers in Helsinki, Pori and Tampere in Finland will use Neste MY Renewable Diesel to power their backup generators.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
