Renovare raises funds to turn landfill waste into biofuels

Sustainable fuels startup Renovare Fuels announced the launch of a $7.6 million equity raise, with proceeds aimed at supporting projects to produce advanced renewable biofuels from waste. Founded in 2015, UK-based Renovare provides a technology that turns biodegradable waste from homes and industry into advanced renewable biofuels. The technology captures gases produced from organic matter

Carreras and Cepsa will promote the use biofuels

Carreras and Cepsa have signed a collaboration agreement to promote the use of 100% renewable diesel (HVO). The logistics operator uses biofuels for certain routes and some customers, a policy aligned with its sustainability plan. This biofuel reduces CO2 emissions by up to 90% during its life cycle compared to regular fuels. This biofuel is

Canada invests $11M in six clean fuels projects

In Canada, the Minister of Energy and Natural Resources, announced in Thorold, Ontario, a federal investment of C$15 million to support six clean fuels projects across Canada, including C$10 million for two projects in the Niagara region. The federal investments include: C$4.6 million to StormFisher Hydrogen to support a front-end engineering (FEED) study for a

Trafigura to acquire biofuels producer Greenergy

Commodities trader Trafigura Group Pte Ltd announced a deal to acquire the European business of Greenergy, a British supplier of road fuels and producer of biodiesel. Trafigura is buying the business from Brookfield Asset Management and its affiliate Brookfield Business Partners. The parties did not disclose the value of the deal. Founded in 1992, Greenergy

25% of global oil demand will be from India

Petroleum minister Hardeep Singh Puri said India will account for 25% of incremental global oil demand over the next two decades. The growth will not be restricted to just exploration and production activities but will also be extended to biofuels, said the minister while speaking at the closing ceremony of the India Energy Week (IEW),

VPS publishes white paper on role of accurate energy content measurement in biofuels

VPS published a white paper covering one specific test parameter: the energy content of biofuels. Energy Content is a key parameter, representing the amount of heat transferred within the combustion chamber during the burn process and indicates the available energy from the fuel. As explained, higher energy content results in higher power generation and better

Biofuel to make up 6% of road transport by 2030

Biofuel demand is forecast to expand to 6% of forecasted road transport energy demand in 2030, driven by policies and planned project additions, according to data from the International Energy Agency. The 6% share will be equivalent to 5.3 exajoules, the IEA said in its December report The Role of E-fuels in Decarbonising Transport. Road

India taking global leadership role in biofuels supply chain

India’s GDP growth was 7.7% in the first six months of the current fiscal year, said Hardeep Singh Puri, Minister for Petroleum & Natural Gas and Housing & Urban Affairs. Elaborating on the growth-energy correlation in Indian context, he said that the growth-energy correlation is evident in India as it is now the world’s 3rd

USDA invests $26 mn in biofuel infrastructure

Deputy Under Secretary for Rural Development Justin Maxson announced that the US Department of Agriculture (USDA) is investing $26 million to build infrastructure to expand the availability of higher-blend renewable biofuels by 822 million gallons annually in 23 states. The USDA is making the awards under the Higher Blends Infrastructure Incentive Program. The funding will

NYK plans to launch full-scale biofuel trials in 2024

Starting in fiscal 2024, Japanese shipping company NYK plans to launch full-scale trials of the long-term use of biofuels in navigating its existing heavy oil-fired vessels. Biofuels are produced from biological sources (biomass), such as waste cooking oil, and are considered to have net-zero CO2 emissions during combustion. Biofuels are gaining traction in the maritime