On June 4, Regional Container Lines Public Co. Ltd. (RCL), a well-known container shipping company in Thailand, formally signed a Memorandum of Understanding (MOU) with the Energy Solutions Division of PTT Oil and Retail Business Public Co. Ltd. for the supply of marine biofuels. This marks Thailand’s first collaboration with an international partner to advance […]
At the World Hydrogen Summit in Rotterdam, India’s AM Green signed a significant Memorandum of Understanding (MoU) with the Port of Rotterdam Authority, aiming to establish a green energy corridor between India and Northwest Europe. The agreement targets the export of up to 1 million tonnes of hydrogen-based fuels annually, potentially generating trade worth up […]
The Indonesian government recently announced plans to promote the production and use of biodiesel B50, i.e. to increase the proportion of biofuel in diesel to 50%. Agriculture Minister Andi Aman Suleiman said the policy is expected to drive up global palm oil (CPO) prices. The government plans to use about 5.3 million tons of CPO […]
Malaysia’s Minister of Plantation and Raw Products, Datuk Seri Zohari Abdul Ghani, recently said the government is pushing for a transition from B10 to B20 palm-based biodiesel at the nation’s ports in support of the country’s greenhouse gas emissions reduction targets – to reduce GDP-based emissions intensity by 45% by 2030 and to realize a […]
In the early hours of May 22, the U.S. House narrowly passed the HR 1 bill, which includes key provisions to extend and update the 45Z Clean Fuel Production Tax Credit through 2031. The bill limits eligibility to fuels made from feedstocks produced in the U.S., Canada, or Mexico and excludes indirect land use change […]
The Japanese government will introduce 10 percent biofuel blends in different parts of the country from 2028 and plans to roll them out nationwide by 2030, Kyodo News reported. The plan is to increase the proportion of biofuel blends to 20% a decade later. The exact location of the introduction will be decided this fall […]
Chevron is set to lay off 70 employees at the headquarters of its Renewable Energy Group (REG) in Ames, Iowa, according to a Worker Adjustment and Retraining Notification (WARN) filed with the Iowa Workforce Development Department. The layoffs are scheduled for June 18, 2024, and have been confirmed by a company spokesperson. In a statement, […]
Against the backdrop of a global surge in green energy, the UK’s home-grown production of renewable fuels has suffered frequent setbacks. Recently, Greenergy, the UK’s leading fuel supplier, announced that it will suspend operations at its biodiesel plant in Immingham, North East England, and initiate a strategic assessment of the plant’s commercial viability. Greenergy said […]
In order to accelerate the development of the Johor Bahru Special Economic Zone, six local Malaysian banks have signed a letter of intent with the Ministry of International Banking and Economy to help facilitate the attraction of capital to the zone. At present, the total investment intention of these banks has reached as high as […]
The U.S. Department of Agriculture’s (USDA) latest World Agricultural Supply and Demand Estimates report, released on May 12, lowered its forecast for soybean oil consumption for biofuel production in 2024/25, but expects an increase in 2025/26.Soybean oil consumption for biofuels is forecast to be 13.1 billion pounds in 2024/25, a small increase from last month’s […]