On February 18th, US investment firm KKR announced that it had signed an agreement to acquire an additional 5% stake in Enilive (Eni Group’s biofuels business) from Eni (Italy’s Eni Group) for a consideration of €587.5 million, bringing its total shareholding in Enilive to 30%.

Enilive is Eni Group’s mobility transformation company, focused on biorefineries, biomethane production, smart mobility solutions and the provision of services to support people on the move.

This additional investment follows KKR’s initial acquisition of a 25% stake in Enilive, announced in October 2024, and demonstrates KKR’s commitment to the business and its growth potential as a leader in the energy transition, delivering progressively decarbonized services and products in support of sustainably driven mobility.

According to the news, Brazil’s National Energy Commission (CNE) has decided that the mandatory blending of biodiesel in diesel fuel will remain at 14% from March next year, instead of the previously expected 15%.

On February 13, the U.S. Senate approved the nomination of Brooke Rawlings to be Secretary of Agriculture by a vote of 72 to 28. The decision was widely supported by representatives of the biofuels and bioenergy industries.

Rollins served in the White House Office of American Innovation during the Trump administration and has extensive policy experience. She has also served as policy director in the office of Texas Governor Rick Perry, president and CEO of the Texas Public Policy Foundation, and president and CEO of the Priorities USA Policy Institute. During her confirmation hearing for her appointment, Rollins made clear her support for biofuels and responded to questions about her ties to the oil industry.

On February 7, BAC Renewable Energy (BAC RE) officially signed a Memorandum of Understanding (MOA) with Dovechem Group of Singapore and TLP Terminals (TLPT), the operator of the Tanjung Langsat Port, for the development of the “BAC RE ASEAN Biofuel Storage and Export Center” in Tanjung Langsat Port, Johor, Malaysia. “BAC RE

BAC RE said the partnership aims to promote the widespread use of green marine fuels and to strengthen Malaysia’s leadership position as a regional biofuel hub. The center will build a market for biogas-derived products, enabling producers to convert otherwise unused resources into high-value, globally tradable green fuels.

“We are filling a gap in the market to create a sustainable and scalable value chain that allows biogas to be refined into bio-liquefied natural gas (Bio-LNG) and other advanced biofuels to support global export and offshore bunkering needs.” BAC RE said.

In addition, the project will help the Port of Tanjung Langsai to become a global biofuel hub, attracting international vessels to call on the port to replenish their green fuels, and enhancing the competitiveness of Malaysian ports in the field of sustainable maritime transportation.

TLPT Terminals added that the facility will be able to accommodate a wide range of vessels from small coastal tankers to large ocean-going carriers to ensure efficient transshipment and global distribution of Bio-LNG and future bio-methanol. With the introduction of advanced monitoring systems, optimized vessel scheduling and enhanced security protocols, the center will further enhance operational efficiency, reduce turnaround times and accelerate the development of a global green fuel supply chain.

(NYSE: FF) (“FutureFuel” or the “Company”), a manufacturer of custom and performance chemicals and biofuels, today announced certain matters relating to its biodiesel production. production.

In late December 2024, FutureFuel initiated an annual maintenance and overhaul of its biodiesel plant. The overhaul proved to be more extensive than anticipated. As a result, the Company currently believes that the overhaul will continue through February 2025. Biodiesel production will not commence until the overhaul is completed.

Biodiesel production is supported by the Section 40(A) (Blender’s Tax Credit), which expires on December 31, 2024. This key incentive program has been replaced by the producer tax credit, IRA 45Z, which is effective January 1, 2025. However, sufficient details of IRA 45Z have not yet been released by the relevant government agencies. This has created a degree of uncertainty for the biodiesel industry, causing other biodiesel producers and their capacity to go offline. The Company will monitor this matter closely as it considers its biodiesel production methods and its role in the biofuels market.

January 31 – Petrobras has received the international ISCC EU RED certification for the commercialization of renewable-content marine fuels at the Rio Grande Terminal (TERIG) in Rio Grande do Sul state. Petrobras produces VLS (Very Low Sulfur) B24, a blend of fossil-based fuels with 24% biodiesel, and in July 2024, Petrobras became the first company in the country to receive authorization from the National Agency for Oil, Gas and Biofuels (ANP) to commercialize renewable-content marine fuel. The ISCC EU RED certification, now awarded, marks the beginning of a product testing process that will begin at TERIG itself at the end of 2022.

On January 22, Achmad Maulizal, an official of the Indonesian Plantation Fund Authority (formerly the Palm Oil Fund Agency), said the agency has resumed fund disbursement after a brief pause to support biodiesel subsidies and oil palm replanting programs.

This follows a comprehensive reorganization last week due to the expansion of the agency’s functions to include the management of cocoa and coconut projects, including replanting programs, which led to a temporary disruption in the disbursement of funds.

Following a decree from the Indonesian Ministry of Finance clarifying the new functions, the agency completed its name change and resumed normal operations.

Under the new decree, the Plantation Fund Authority will be responsible for food safety and financing programs for the plantation products processing industry, in addition to continuing to support the biodiesel subsidy and plantation programs.

Notably, the new decree makes no mention of any new tax programs to support the agency’s expanded responsibilities. Prior to this reorganization, the agency mainly financed its various programs through the collection of palm oil export taxes.

The move shows that the Indonesian government continues to advance its goals of sustainable agriculture and energy while deepening the integration and diversification of the plantation chain.

Energy and Mineral Resources Minister Bahlil Lahadalia has announced that the $1.2 billion biodiesel raw material plant will be built entirely with domestic investment, including private and state-owned companies. He said the plant will be located in Bojonegoro and will mainly produce methanol and ethanol as feedstock for the B40 biodiesel blend. Methanol demand is expected to reach 2.3 million tons in the 40 percent mandatory biodiesel program.

In addition, ethanol will be extracted from sugarcane, and the related production facility will be built in Malauke to boost domestic downstream processing and create added value. “We will manufacture these products in Java and Malauke, ensuring that the final mixture is done domestically,” Bahlil said.

Bahlil also emphasized the government’s push for national energy security by supporting biodiesel production from crude palm oil (CPO). Although the government is boosting oil production, the use of CPO to produce biodiesel as part of its energy security strategy will help increase domestic energy self-sufficiency and boost the bioenergy industry.

Neste and KPI OceanConnect recently partnered with Global Energy to supply Neste MY renewable diesel to Singapore’s marine sector for operational deliveries in Singapore waters. This is the first time renewable diesel has been supplied to a marine sector participant, such as for use by cruise ships in Singapore.

“The first supply of Neste MY renewable diesel to the marine sector in the Asia-Pacific region marks an important milestone for the industry and demonstrates the product’s versatility in replacing fossil diesel in a wide range of applications. This is an effective solution to make the marine sector more sustainable,” said Ee Pin Lee, commercial director, Asia Pacific, Neste Renewable Products.