Sustainable Aviation Fuel
Twelve announces $645 MM in funding to transform CO2 into jet fuel and electrochemicals at scale
Twelve, the carbon transformation company that converts captured carbon dioxide (CO2) into valuable chemicals, fuels and other essential products typically made from fossil fuels, has announced $645 MM in funding.
Haffner Energy creates investment opportunity in SAF market with SAF Zero spin-off
Haffner Energy is making a strategic move to create SAF Zero, a spin-off focused on the sustainable aviation fuel (SAF) market.
Gevo to acquire Red Trail energy assets in North Dakota (U.S.)
Gevo Inc., a leading developer of net-zero hydrocarbon fuels and chemicals, has entered into a definitive agreement to acquire the ethanol production plant and carbon capture and sequestration (CCS) assets of Red Trail Energy LLC for $210 MM.
Leading olive oil producer Spain turns to olive stones for fuel
The use of pits to fuel boilers in homes and small enterprises, mills and even flights in Spain's olive-growing heartland shows the role the industry and the country's vast agricultural sector can play in helping decarbonise hard-to-electrify sectors, like aviation.
Refiner Neste warns of weaker biofuel outlook, shares drop
Finnish refiner Neste on Wednesday cut the margin outlook for its biofuel business for the third time this year due to falling prices and also lowered its expected sales volumes, sending the company's share price down 10%.
Brookfield to invest up to $1.1 B in Infinium to scale ultra-low carbon eFuels
Infinium, one of the world’s first producers of commercially available ultra-low carbon eFuels, and Brookfield Asset Management have announced a strategic funding partnership to accelerate the growth of Infinium’s eFuels platform.
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.
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.
Utilize a hydrogen reactions lab to optimize renewable fuels processing
Leading technology developers in the refining space are utilizing various catalysts to enhance the adjusted reaction chemistry, but this does not directly address how to optimize hydrogen utilization for the hydrodeoxygenation and isomerization/cracking processing steps. To ensure the right equipment outlay and calibration for these hydrogenation applications, replicating the process in a lab setting can help identify efficiencies and yield improvements for a fraction of the cost that a refiner would incur attempting to achieve that optimization through modifications at commercial scale.
Acer, Cathay Cargo and Dimerco join forces to reduce carbon emissions via SAF
Cathay Cargo and Dimerco Express Group are joining forces to reduce carbon emissions in aviation. Acer and its logistics provider Dimerco have signed an agreement to support sustainable aviation fuel (SAF) use on Cathay Cargo’s flights, beginning from 2024.
- INEOS Enterprises to sell Composites business to KPS Capital Partners for €1.7 B 12/3
- Small volumes of renewable diesel are now consumed on the U.S. East Coast 12/3
- Russia's December idle oil refining capacity revised up 60% 12/3
- Fuel oil smuggling network rakes in $1 B for Iran and its proxies 12/3
- Taiwan's Formosa operates refinery at reduced rate due to maintenance 12/3
- Russia lifts gasoline export ban for producers 12/3
