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“This is a very important step in our renewables growth strategy execution,” said Peter Vanacker, Neste’s president and CEO after the Finland-based oil refiner Neste and renewable products producer announced a major new deal. The two major companies have signed definitive agreements for the establishment of a 50/50 joint venture with US-based Marathon Petroleum Corporation (MPC). The…
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Airplane manufacturer Bombardier has announced that US-based private jet charterer Latitude 33 Aviation has taken delivery of the first customer aircraft to be powered by sustainable aviation fuel (SAF). Latitude 33 Aviation will manage and charter the Challenger 350 business jet in Seattle on behalf of the aircraft owner. “We are very pleased that the customer and Latitude 33 Aviation joined…
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TAP has signed an agreement with Galp and Aeroportos de Portugal to begin the supply and use of sustainable aviation fuel (SAF) on its Portugal flights. The first flight in Portugal fuelled with SAF departed on July 22 for a flight between Lisbon and Ponta Delgada. The fuel included a blend containing 39% SAF from Neste and was of waste and recycled oils, referred to as HEFA (Hydrotreated…
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Hyundai Oilbank and Lotte Confectionery have signed a deal to produce biodiesel. Lotte Confectionery will supply by-products made during the food manufacturing process, mostly used cooking oil, to the oil refining company which will utilise them as feedstock for biodiesel. Hyundai Oilbank is building a 10,000 sq ft biodiesel production facility at its Daesan plant in Seosan, South Chungcheong,…
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Boeing will strengthen its partnership with Japan by opening a new Boeing Research and Technology (BR&T) centre in the country. The facility will focus on sustainability and support a newly expanded cooperation agreement with Japan's Ministry of Economy, Trade and Industry (METI). Boeing and METI have agreed to broaden their cooperation agreement to now include a focus on sustainable…
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Representatives of Shell and Lufthansa have signed a non-binding Memorandum of Understanding (MoU) for exploring the supply of Sustainable Aviation Fuel (SAF). The SAF will be supplied by Shell to the Lufthansa Group for seven years at airports across the globe, starting in 2024. The parties contemplate negotiating towards reaching a definitive purchase agreement with the total volume supplied…
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German rapeseed meal exports fell 22% short of the previous year's record volume. Its main buyers such as the Netherlands, Spain and France, imported considerably less, whereas Denmark, Finland and Switzerland ordered more. According to information published by the German Federal Statistical Office, Germany exported a total of just over 1.5 million tonnes of rapeseed meal from July 2021 to May…
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The UK Government has launched its Jet Zero Strategy which commits UK domestic aviation to achieving net zero emissions by 2040. It will commit to getting all airports in England to becoming zero-emission by the same year. The strategy will enable “guilt-free” air travel, according to the Government, by “delivering system efficiencies to new technologies”, allowing the aviation…
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The International Air Transport Association (IATA) has called on governments to urgently put in place large-scale incentives to rapidly expand the use of sustainable aviation fuels (SAF). This comes as aviation pursues its commitment to achieving net-zero carbon emissions by 2050. To fulfill aviation’s net-zero commitment, current estimates are for SAF to account for 65% of aviation’s…
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Eni has completed the construction of a tan oilseed collection and pressing plant in Makueni, Kenya. The company has now started production of the first vegetable oils for biorefineries. The first agri-hub will have an installed capacity of 15,000 tons with an expected production of 2,500 tons this year. Claudio Descalzi, CEO of Eni, said: "This project embodies all the pillars of Eni's…
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Neste has agreed to acquire 100% of Walco Foods, an Irish trader of animal fats. The transaction with the world's leading producer of renewable diesel and sustainable aviation fuel produced from waste and residue raw materials, is subject to the fulfillment of customary closing conditions and regulatory approval. “This is another important step for Neste in the execution of our growth…
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Indonesia has started testing for two types of biodiesel containing 40% palm oil. The government currently mandates that all diesel sold in the country must contain 30% palm oil, Reuters reported. The world's largest producer of palm oil has long-term plans to boost vegetable oil concentration in fuel for everything from cars to aircraft, to be able to cut fuel imports. The fuels to be tested…
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