John Wood Group PLC announced on 19 December that it has been awarded a major contract by OMV Petrom for a major project aimed at boosting sustainable fuel production in South East Europe. Within the scope of the project, the Petrobrazi refinery in Romania will be the first major production facility for sustainable aviation fuel […]
Moeve and easyJet have signed a Memorandum of Understanding (MoU) to accelerate the decarbonisation of air transport through the promotion of Sustainable Aviation Fuels (SAF), in a joint effort to reduce the carbon footprint of air transport. Under the agreement, easyJet will use SAF on its Spanish route network over a six-year period from 2025 […]
Illinois Governor JB Pritzker, Avina Clean Hydrogen, and the Illinois Department of Commerce and Economic Opportunity (DCEO) jointly announced on December 19 that Avina Clean Hydrogen has selected southwestern Illinois as the location for its $820 million sustainable aviation fuel (SAF) project. This investment will enable Avina Clean Hydrogen to build a state-of-the-art facility in […]
Malaysian palm oil futures closed lower on Thursday and fell for the fifth consecutive session as they were dragged down by uncertainty over Indonesian and U.S. biofuel policies. Analysts said crude palm oil prices continued to fall from Wednesday as sentiment in the global vegetable oil market changed this week, in addition to higher vegetable […]
Portugal’s Galp Energia (GALP.LS) said on Thursday it expects to start building an industrial-scale unit at its Sines refinery in 2026 to produce biodiesel and biojet fuel from waste. Last year, Galp set up a joint venture with Japan’s Mitsui & Co (8031.T) with a 75%-25% stake each, and the new label will invest 400 […]
The European Union has seen a consistent decline in palm oil imports over recent years. This trend is largely attributed to increasing environmental concerns and the push for sustainability within EU policies. Palm oil production has been widely criticized for its role in deforestation, biodiversity loss, and greenhouse gas emissions, which are major drivers of […]
Crude palm oil (CPO) futures contracts on Bursa Malaysia’s derivatives market ended lower on Wednesday, falling for a fourth consecutive session, weighed down by declines in rival edible oils. Crude palm oil prices fell to a one-month low on growing concerns over the biodiesel B40 programme, which starts next month. At the close, the January […]
Supporting and advancing future marine fuels technologies and investments, the U.S. Department of Energy (DOE) issued a Request for Information (RFI) to establish a consistent and reliable definition of sustainable marine fuels (SMF) to inform and coordinate with communities, industry, government, and other maritime stakeholders. Maritime Energy and Emissions Innovation Action Plan (Action Plan), a […]
December 19: Petrobras has signed contracts worth R$16.5 billion ($2.6 billion) with Bram Offshore and Starnav Serviços Marítimos for the construction and chartering of 12 platform supply vessels (PSVs). Of the total value of the contract, R$5.2 billion (approximately US$830 million) will be invested in the Brazilian shipbuilding industry. The vessels will be an integral […]
Indonesia’s plan to expand its biodiesel mandates from 1 January 2025 has raised concerns that it could curb global palm oil supplies. Indonesia’s plan to expand its biodiesel blending ratio mandate from 1 January 2025 appears increasingly likely to be implemented gradually as industry players seek a phased-in implementation, analysts said. Indonesia’s plan to increase […]