According to a Reuters report on December 11,Mitsui O.S.K. Lines (MOL), together with Sinopec and Marubeni Corporation, has signed a memorandum of understanding (MOU) to jointly establish a long-term and stable supply system for marine biodiesel fuel in China. Under this partnership, the three parties will collaborate on expanding the availability and use of biodiesel—a […]
XCF Global Capital, Inc. announced that New Rise Renewables, LLC has commenced commercial production of pure sustainable aviation fuel (SAF). In addition, New Rise has entered into an irrevocable purchase order with an unaffiliated third-party buyer to whom it plans to sell over 3 million gallons of pure SAF. Shipments of the first shipment of […]
The European Commission has approved a €2.3 billion Finnish program to support investments in strategic sectors and help industrial companies decarbonize their production processes. The program contributes to the achievement of the European Commission’s priorities for 2024-2029, which are based on political guidelines calling for investment in clean energy and technology. The plan was approved […]
Feb. 26 (Bloomberg) — Boeing and Hindustan Petroleum Corporation (HPCL) have announced a partnership aimed at advancing India’s sustainable aviation fuel (SAF) ecosystem and supporting the Indian government’s environmental goals. Under the partnership agreement, Boeing and HPCL will work together to explore opportunities to expand SAF production in India, promote certification of domestically produced SAF, […]
Air Products announced on Feb. 24 that it has decided to exit three projects in the U.S. as part of a review process by its new board of directors and chief executive officer. The company expects a pre-tax charge of up to $3.1 billion in the second quarter of fiscal 2025, primarily for write-downs of […]
XCF Global Capital Inc. announced Feb. 24 that New Rise Renewables LLC has begun commercial production of sustainable aviation fuel (SAF) at the Reno-Tahoe Industrial Park in Story County, Nevada. In April 2024, New Rise Renewables stated that the conversion from renewable diesel to SAF at its newly constructed 3,200 barrels per day (approximately 45 […]
February 24, 2012 – LanzaJet announced that Cosmo Oil Co. Ltd (Cosmo Oil) has been awarded a FY2024 subsidy by Japan’s Ministry of Economy, Trade and Industry (METI) in support of a project co-developed with Mitsui planned to utilize LanzaJet technology. The funding marks a significant milestone for large-scale domestic SAF production in Japan and […]