Desmet (Desmet) recently announced that it has been awarded a new contract from LG-ENI Biorefining, a joint venture between LG Chem and ENI of Italy. Under the contract, Desmet will work with the main contractor, GS Engineering & Construction, to build a new Hydrogenated Vegetable Oil (HVO) pre-treatment plant in Daesan, South Korea. The plant […]
Varo Energy, backed by private equity giant Carlyle Group (CG.O), and global trading leader Vitol Group announced on Monday that they have agreed to acquire Swedish refinery operator Preem, capitalizing on the growing demand for biofuels. Varo already holds stakes in refineries in Germany and Switzerland and is expanding its sustainable fuels and trading business. […]
Biofuel producer EcoCeres has teamed up with Mitsui & Co Energy Trading, KPI OceanConnect and Global Energy Group to supply hydrogenated vegetable oil (HVO) biofuel to a cruise ship in Singapore. This marks EcoCeres’ first delivery of HVO fuel oil in Singapore, the company announced in a LinkedIn post on Tuesday. EcoCeres has a production […]
In the current global trade environment, protecting the EU biofuels industry from external threats is just as important as promoting more rational internal EU policies. In the past, trade cases were often seen as a short-term response, but today they have become a long-term concern for the industry. The EU is strengthening its trade defenses […]
The Trump administration has urged oil and biofuel producers to reach a compromise on the future of U.S. biofuel policy in an effort to avoid political conflict during his first term, Reuters reports. The oil industry and biofuel producers have long competed for billions of dollars worth of U.S. gasoline market share and have often […]
The International Sustainability and Carbon Certification (ISCC) has recently expressed strong opposition to the European Commission’s discussion of a possible moratorium on the accreditation of waste-based biofuel certification. It is understood that the European Commission is considering suspending the agreement for two and a half years, but this decision is subject to legal review and […]
A white paper published by DNV (Det Norske Veritas) states that despite rapidly growing sales of bio-blended marine fuels in ports such as Singapore and Rotterdam, maritime transportation will account for only 0.6% of global liquid biofuel consumption as of 2023. The report tracks developments in biofuel supply, regulations and technology, and gathered feedback from […]
March 28 (Bloomberg) — President Donald Trump’s administration has asked oil and biofuel producers to reach an agreement on the next phase of the nation’s biofuel policy in a bid to avoid the kind of political conflict that characterized his first term in office. Oil giants and biofuel producers in the agricultural belt are traditional […]
March 25 (Bloomberg) — FBO chain Signature Aviation is expanding its sustainable aviation fuel (SAF) operations to six new locations in Europe this year. Under multiple blended fuel agreements, the company will provide a permanent supply of SAF at five facilities in the United Kingdom (East Midlands Airport (EGNX), Gatwick Airport (EGKK), London Heathrow Airport […]
In Washington, U.S. and Canadian biofuel producers, concerned about the impact on trade of President Donald Trump’s waffling on tariffs, have cut back production to avoid future border problems, Reuters reported. Some analysts expect a “painful” contraction in both biodiesel and renewable diesel production, not only because of the tariffs but also because of the […]