The Asian Development Bank (ADB) and SAFCO Venture Holdings Limited (SAFCO) signed a landmark $86.2 million financing package to finance the construction and operation of a Sustainable Aviation Fuel (SAF) facility in Sheikhupur, Pakistan, the first private sector-led SAF initiative in Asia and the Pacific. The financing consists of $41.2 million from ADB’s Ordinary Capital […]
Ever Cat Fuels, a biodiesel producer headquartered in Isanti, Minnesota, USA, recently announced that it is shutting down all production activities and ceasing its biodiesel business operations. As a company once regarded as a pioneer in the industry, this shutdown has triggered the market to think deeply about the future development of the U.S. biodiesel […]
company has been awarded a contract by DG Fuels to provide early engineering, licensing, and the Process Design Package (PDP) for a state-of-the-art SAF plant in Nebraska, USA. The project will leverage MyRechemical’s proprietary NX Circular™ gasification technology, a cutting-edge solution designed to convert residual biomass into high-value SAF. With an expected annual production capacity […]
Aemetis Inc., a renewable natural gas and renewable fuels company specialising in low and negative carbon intensity products, today announced that its Indian subsidiary, Universal Biofuels, has successfully delivered $103 million worth of biodiesel to three state-owned oil marketing companies (OMCs) under a cost-plus supply agreement, which ended on 9 September 2024 ending on 30 […]
STX Group announced on 3 December the acquisition of Marine Olie, a leading trader of waste-based advanced feedstocks. STX Group said the strategic acquisition strengthens its position in the biofuels value chain and supports the company’s vision to become a leading global trader in the integrated feedstock-to-fuel-to-ticket market. Marine Olie’s experience in fats and oils […]
The Indonesian government plans to invest $1.2 billion in a methanol plant to serve the biodiesel industry. Currently, about 80 per cent of methanol consumption comes from imports. The 800,000 metric tonne plant will be located in East Java. Demand for methanol will continue to rise as the government continues to increase biodiesel blending requirements. […]
The Australian Sugar Council (ASMC) recently called on governments to urgently develop a national biofuel feedstock strategy to boost the local biofuel industry and contribute to economic growth. ASMC CEO Ash Salardini said ASMC has been advocating for this feedstock strategy since early 2024. He emphasised that sugar manufacturers could be at the heart of […]
The used cooking oil market is expected to be valued at over US$10.9 billion by 2032, says a report by Global Market Insights. ‘The market is expanding due to growing demand for sustainable solutions, with biodiesel production being one of the major applications. As an environmentally friendly energy source, biodiesel made from used cooking oil […]
China’s sustainable palm oil market has achieved a major milestone with the arrival of the first shipment of RSPO Certified Sustainable Palm Oil (CSPO) at the port of Shanghai. The ground-breaking shipment was led by Asia’s top dairy brand and global industry leader, Inner Mongolia Yili Industrial Group (Yili Group), in partnership with China’s largest […]
The Renewable Fuels Association this week responded to a request for information from the California Air Resources Board urging them to do more to ensure the integrity of imported waste cooking oil (UCO) and tallow in order to produce biomass-based diesel in accordance with the state’s Low Carbon Fuel Standard, according to a report on […]