Biofuels
Gunvor growing Asia operations, expanding into LPG, naphtha, gasoline, aromatics, power
Global energy trader Gunvor Group is growing its Asia operations to expand in existing markets such as liquefied petroleum gas (LPG), naphtha, gasoline and aromatics as well as into new areas including power.
DNV awards Wallenius Wilhelmsen first B100 verification for biofuel insetting
DNV has awarded shipping and logistics company Wallenius Wilhelmsen its first biofuel insetting verification statement, recognizing the company’s use of B100 in a recent voyage.
Malaysia launches aviation decarbonization drive targeting net-zero emissions by 2050
Malaysia is targeting net-zero emissions in its aviation sector by 2050 through the launch of a decarbonization plan.
Oxylus Energy raises $4.5 MM seed round for clean fuel technology
Oxylus' solution is the first low-temperature and low-pressure conversion of carbon dioxide to green methanol. The methanol can be used as a drop-in fuel replacement or upgraded to jet fuel and other green petrochemicals.
South Korea plans mix of sustainable aviation fuel for international flights from 2027
South Korea aims to ensure all departing international flights use a mix of about 1% of sustainable aviation fuel (SAF) from 2027. The step aims to prepare for a carbon offset and reduction scheme that becomes mandatory for members of the International Civil Aviation Organization (ICAO) starting from that year.
U.S. imports of Chinese used cooking oil set for new record, future uncertain
U.S. imports of used cooking oil (UCO) from China are set to hit a record in the months ahead, even as regulatory uncertainty casts doubts over longer-term prospects of a trade that boomed last year.
Update: Indonesia to implement B40 palm oil biodiesel on Jan. 1, 2025
Indonesia plans to implement biodiesel with a mandatory 40% blend of palm oil-based fuel from Jan. 1 next year, lifting prices of the vegetable oil to a more than two-week high.
Germany's auto industry calls for stricter climate targets for fuel suppliers
Germany needs to go beyond the European Union's guidance on fuels if it wants to achieve its 2045 goal of climate-neutral road traffic.
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.
Iowa (U.S.) groups concerned by proposed changes to California's Low Carbon Fuel Standard
The Iowa Biodiesel Board (IBB) and Iowa Soybean Association (ISA) expressed disappointment and concern over the California Air Resources Board’s (CARB’s) recently proposed amendments to its groundbreaking Low Carbon Fuel Standard.
- The Shipping Corporation of India and Mazagon Dock Shipbuilders sign contract for methanol dual fuel platform supply vessel 3/20
- Technip Energies invests in Verso Energy’s DEZiR eSAF project in Rouen 3/20
- Honeywell’s commercial launch of AI-powered control room assistant follows successful pilot 3/20
- Serbia secures U.S. sanctions waiver for its NIS oil firm 3/20
- Tanker carrying fuel originally bound for Cuba diverts to Trinidad 3/20
- Vietnam accelerates shift to ethanol fuel as Iran war drives up energy prices 3/20
