The U.S. Energy Information Administration (EIA) reported that imports of biodiesel and renewable diesel are set to fall to their lowest levels in more than a decade during the first half of 2025. This sharp decline follows recent changes to the federal fuel tax credit policy, which previously granted a $1 per gallon credit to […]
On September 3, Shell Netherlands, a subsidiary of Shell, announced it will not restart the construction of a large biofuels plant at its Rotterdam Energy and Chemicals Park, originally planned in 2022 with a capacity of 275 million gallons per year. After a thorough commercial and technical review, Shell concluded the project lacked sufficient competitiveness […]
On July 24, Italian energy giant Eni announced the signing of a €500 million (approximately $588 million) financing agreement with the European Investment Bank (EIB) to support the conversion of its traditional refinery in Livorno, Tuscany into a modern biorefinery. The 15-year loan agreement was formalized at Eni’s headquarters in San Donato Milanese by EIB […]
Zhuoyue New Energy announced on the evening of July 8 that it plans to invest RMB 700 million of self-raised funds in a bioenergy production project in Chonburi Province, Thailand. The project will be executed by its wholly owned subsidiary, Zhuoyue New Energy (Thailand) Co., Ltd. The project includes the construction of a 300,000-ton-per-year biodiesel […]
In Germany, following the withdrawal of ADAC from the GHG quota trading business at the end of the 2024 allocation year, another company, EMOVY GmbH, has also exited the market by initiating insolvency proceedings. According to the Union for the Promotion of Oil and Protein Plants (UFOP), this bankruptcy — like previous ones in the […]
According to Hong Kong media news on May 29, the Business Environment Council (BEC) today released the report “Study on Biodiesel and Renewable Diesel in Hong Kong”, pointing out that renewable diesel (also known as Hydrogenated Vegetable Oil (HVO)), as a second-generation biofuel, can be used in place of traditional diesel without engine modification, and […]
May 25th, recently, a huge ship “LE**” loaded with 26,000 tons of hydrocarbon-based biodiesel successfully set sail from CNOOC Taifu Terminal to the European market. This is the 6th hydrocarbon-based biodiesel export shipment guaranteed by Zhangjiagang Maritime Safety Bureau this year, marking the steady expansion of China’s green energy products in the international market. According […]
As part of its drive for a low-carbon transition, Skoda has officially launched HVO (Hydrogenated Vegetable Oil) synthetic diesel fuel at its Czech plant as an initial filler fuel for new production diesel models and for its in-house logistics fleet.The HVO fuel, which is made from the hydrotreating of waste fats, oils, and used cooking […]
Global Clean Energy Holdings Inc., which owns a renewable diesel plant in Bakersfield, California, announced on April 16 that it has entered into a restructuring support agreement (RSA) with its principal creditor, Vitol Americas Corp. Vitol, as lender on the revolving line of credit and representative of the interim term loan group, controls approximately 96% […]
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 […]