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Valmet and Neles Corporation have announced that their respective boards have signed a merger agreement.
The combined company will have an accumulative net sales for 2020 of approximately €4.3 billion.
The combination is expected to generate annual run-rate synergies of approximately €25 million of which approximately 60% are expected to be achieved by 2023 and approximately 90%by…
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Intercontinental Exchange has announced the launch of two Renewable Volume Obligation futures contracts, expanding its US renewable fuels futures markets.
The US Environmental Protection Agency’s (EPA) Renewable Fuel Standard (RFS) mandates the incorporation of renewable fuels into transportation fuel.
Each year, the EPA outlines the volume requirements for each renewable fuel category and…
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Clariant has announced that the publication of its full year 2021 results will be delayed due to an investigation into accounting issues.
As a result, the publication of the Integrated Report 2021 and the Annual General Meeting of shareholders (AGM) will be postponed beyond the scheduled dates.
Clariant shares fell more than 16% in early trading on February 14.
The investigation was triggered…
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The continued dryness in South America has led the US Department of Agriculture (USDA) to revise the forecast of global soybean production considerably downward.
Expectations for world trade, processing and season-ending stocks were adjusted accordingly.
In its latest report, the USDA significantly lowered its forecast of global soybean supply and demand. The biggest adjustment was in global…
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Participants will have an opportunity to join the digitalisation journey and visit Neste’s refinery and Technology Centre during the third day of the Petrochemical and Refining Congress (PRC) Europe 2022.
The plant is located in the Kilpilahti industrial area in Porvoo, Finland, and the event will be on 1 June.
For the second consecutive year, PRC Europe is co-hosted by Neste Corporation, the…
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It has been revealed that around 7% from 1.4 billion ha of crops such as grain, oilseeds, protein, sugar and fibre plants, fruits, vegetables, nuts and others were grown worldwide went into biofuels production in 2020.
Biofuel production is mostly located in countries where there is already a surplus of feedstock (especially maize, soy and palm oil) and legally prescribed blending…
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The National Biodiesel Board has unveiled its new name and new brand - Clean Fuels Alliance America.
The organisation said that its transformation to Clean Fuels helps the industry represent all its industry members: biodiesel, renewable diesel and sustainable aviation fuels.
“Our industry has seen and will continue to see significant growth as the world around us focuses on clean energy,”…
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Rapid economic recovery is driving global coal power generation to a record this year and overall coal demand to a potential all-time high underlining urgent need for policy action, the International Energy Agency (IEA) revealed.
The IEA said in its annual market report this was undermining efforts to reduce greenhouse gas emissions and was potentially putting global coal demand on course for an…
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Spanish-based firm Abengoa has been fined €20 million for rigging ethanol benchmarks.
The European Commission, Reuters reported, has been investigating Abengoa, Alcogroup and Lantmannen on alleged rigging of ethanol benchmarks.
These figures were published by energy and commodities information provider S&P Global Platts.
The European Union's competition watchdog said the Spanish…
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StocExpo has unveiled a jam-packed conference programme exploring the future of liquid storage.
The largest and longest running international bulk liquid storage event returns on 8-10 March at the Rotterdam Ahoy.
The conference will take place over all three days of the event, and will feature some of the bulk liquid storage sector’s best and brightest exploring the industry’s hottest…
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In the first nine months of the 2021 financial year, Novozymes delivered 6% organic sales growth, marking an important step in fulfilling its long-term growth strategy.
The global biotechnology company, which has developed methods of boosting efficiency in ethanol production, reported an EBIT-margin of 28.8% and ROIC including goodwill of 22.1%.
“Our results for the first nine months are…
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Clariant significantly increased profitability in the third quarter of 2021 on the back of double-digit sales growth.
The company announced that Q3 2021 sales from continuing operations increased by 23% in the local currency and Swiss francs to CHF 1.096 billion (€1.029 billion). The sales growth was achieved via higher volumes and strong pricing in all business areas and across all…
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The number of jobs in renewable energy worldwide increased in 2020 despite the COVID-19 pandemic, with the growing industry holding up better than fossil fuels, international agencies revealed.
In an annual report on clean energy employment, the International Renewable Energy Agency (IRENA) and the International Labour Organisation (ILO) said there were 12 million jobs in renewable energy and…
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Cable and pipe seal manufacturer Roxtec has joined GEODIS’s new global Sustainable Marine Fuels strategy.
Logistics company GEODIS launched the possibility for freight customers to choose sustainable marine fuels, or fuels produced from waste materials such as used cooking oils and forest residues.
Roxtec has increased its transportation of cable and pipe seals around the world and wants…
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The carbon footprint of launching the new Orbex Prime space rocket will be up to 95% lower than comparable space launch programmes, a new study has revealed.
Orbex is set to launch Prime - the ‘world’s most environmentally friendly’ space rocket - using renewable, ultra-low-carbon biofuel at Space Hub Sutherland – the carbon-neutral Spaceport in the North of Scotland.
Prime is…
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#Spain’s #Repsol is preparing to raise jet fuel output by 15–20% in response to mounting supply disruptions caused by the #Iran #war, which has unsettled global energy markets and tightened aviation fuel availability.
https://biofuels-news.com/news/repsol-to-lift-saf-output-as-iran-conflict-tightens-supplies/
#biofuels #SAF #aviation #output
#Nufarm Limited has expanded its strategic #partnership with #bp, reinforcing Nufarm’s ambition to scale sustainable biofuels and help meet growing demand for sustainable aviation fuel (SAF) and renewable diesel (RD).
https://biofuels-news.com/news/nufarm-extends-saf-and-rd-partnership-with-bp/
#biofuels #feedstock #aviation #SAF
#Thailand has moved to restrict #palm #oil #exports as domestic demand for #biodiesel surges, a trend closely linked to the ongoing conflict in the Middle East.
https://biofuels-news.com/news/thailand-restricts-palm-oil-exports-amid-rising-biodiesel-demand/
#biofuels #feedstock #demand #supply #SEAsia #war #conflict
