BP invests $48.54 mn in Lianyungang Jiaao New Energy

BP will invest Yuan 353 million ($48.54 million) to acquire a 15% stake in Lianyungang Jiaao New Energy, a producer of renewable diesel and sustainable aviation fuels (SAF). The company is owned by Zhejiang-based Jiaao Enprotech. Lianyungang Jiaao New Energy has SAF production capacity of 100,000 tonnes per year, which could become crucial as the

TEIL integrates variety of eco-friendly strategies

Working in-line with the Government, Triveni Engineering & Industries Ltd (TEIL) is deeply committed to sustainability, integrating a variety of eco-friendly strategies and initiatives throughout its operations. The Company emphasizes energy efficiency, optimizes production processes, and incorporates environmentally friendly materials to minimize its environmental impact. TEIL is dedicated to environmental stewardship, continually assessing and implementing

Cepsa, PreZero Spain ink alliance for production of biomethane

In Spain, Cepsa and PreZero Spain have reached a strategic alliance that will allow both companies to advance their decarbonization objectives. The two companies will boost the biomethane market through collaboration in the supply of this renewable gas by PreZero Spain in some of its projects to the energy company, in addition to the joint

Mubadala-backed Cepsa signs biofuels agreement

Spanish oil and gas company Cepsa, owned by Abu Dhabi fund Mubadala and the Carlyle Group, has reached an agreement with PreZero Spain, part of the environmental division of German supermarket group Lidl’s owner Schwarz Group, to develop biomethane plants using organic waste. Cepsa is investing up to EUR8bn($8.6bn) through 2030 to shift its business

GCMD reports first B24 bunkering as part of Project LOTUS

Bunkering of B24 biofuel blend, comprising of 24% Fatty Acid Methyl Esters and 76% very low sulphur fuel oil, on NYK’s short-sea vehicle carrier follows the launch of Project LOTUS in May 2024. The Global Centre for Maritime Decarbonisation (GCMD) said Project LOTUS is a six-month long project to trial the continuous use of biofuels

Strategic partnership between VPS and Blue Water Trade Winds

VPS and Blue Water Trade Winds Forge Strategic Partnership to provide digital services to ocean-going segments in areas of efficiency, fuel and emissions savings for vessels VPS, a leading provider of marine fuel testing and decarbonisation services headquartered in Barendrecht, Netherlands and Blue Water Trade Winds, renowned for its innovative maritime solutions headquartered in Dehradun,

India calls for global collaboration on sugar and biofuels

Union Minister for Consumer Affairs, Food and Public Distribution and New and Renewable Energy Pralhad Joshi highlighted the need for international collaboration and the adoption of advanced technologies for the further development of the sugar industry at a workshop titled ‘Sugar and Biofuels – Emerging Vistas,’ held at Bharat Mandapam in Delhi. India is hosting

LanzaTech increases share ownership of LanzaJet

LanzaTech Global Inc., the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, and materials, on June 20 announced an increase in its holdings of LanzaJet Inc., a leading sustainable aviation fuel technology provider and fuels producer. This ownership increase is in accordance with a previously signed agreement which allows LanzaJet to further sublicense

Top 5 companies making ethanol in India

The blending of ethanol with motor fuels has gained focus over the last few years due to decarbonisation path adopted by government. Ethanol is produced in India as a byproduct of the sugar industry and is sourced from sugarcane. Major sugar producers in India have emerged as significant ethanol producers. In the past, businesses that

India Oil inks pact for biofuel JV with GPS Renewables

Indian Oil Corporation announced that it has signed an agreement with GPS Renewables Private Limited to form a 50:50 joint venture company dedicated to advancing biofuel adoption across the country. Public sector giant Indian Oil Corporation announced on Wednesday that it has signed an agreement with GPS Renewables Private Limited to form a 50:50 joint