The Repsol’s Board of Directors has officially approved the Final Investment Decision (FID) for the Ecoplanta project, marking a significant milestone in the drive for the supply of sustainable fuel and product.
Yesterday, the EU Commission presented the Competitiveness Compass, the first major initiative of this mandate providing a strategic and clear framework to steer the Commission’s work. The Compass sets a path for Europe to become the place where future technologies, services, and clean products are invented, manufactured, and put on the market, while being the first continent to become climate neutral.
Enilive commissioned its first plant to produce Sustainable Aviation Fuel (SAF) at the Gela biorefinery, in Sicily. Production has started at the plant, which has a capacity of 400,000 tonnes per year, representing almost a third of the expected European SAF demand in 2025 (Source: Wood Mackanzie), following the implementation of the ReFuelEU Aviation regulation.
Neste and Bayer, a global enterprise with core competencies in the life science fields of health care and agriculture, signed a memorandum of understanding aimed at developing a winter canola ecosystem in the U.S, including identifying partners and developing the value chain together, and scaling winter canola production as a raw material for renewable products.
The U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) has committed up to $200 million in federal funding and authorized the initiation of Phase 1 of Technip Energies and LanzaTech Global’s Sustainable Ethylene from CO2 Utilization with Renewable Energy Project.
Dear Readers,
we want to wish all of you a very happy, peaceful and healthy year, where we all will keep working together to make the circular bioeconomy happen.
Aramco, TotalEnergies, and Saudi Investment Recycling Company (SIRC), the major player which collects and valorizes organic materials into sustainable products in Saudi Arabia, signed a Joint Development and Cost Sharing Agreement (JDCSA) to assess the development of a sustainable aviation fuels (SAF) production unit in the Kingdom of Saudi Arabia. This signature was done on the occasion of the visit of the President of the French Republic Emmanuel Macron to the Kingdom of Saudi Arabia, and in the presence of His Royal Highness Prince Abdulaziz bin Salman Al Saud, Saudi Minister of Energy,
Metsä Group introduces voluntary nature compensation measures in its environmental deviations. Part of regenerative forestry, nature compensation overcompensates the harm to nature resulting from any legal violations. The operating model ensures that corrective measures linked to defective performance result in greater benefit than harm to nature. Nature compensation will be applied in matters related to the Nature Conservation Act and the Forest Act – key legislation in terms of biodiversity.
Futerro S.A., a pioneering Belgian company specializing in the production of lactic acid, lactide and PLA (polylactic acid), closed its first fund-raising worth €12 million in preparation for the construction of its new biorefinery in Normandy. In addition to its historical shareholders, Finasucre and Compagnie du Bois Sauvage, Futerro has a new shareholder, Cybelle, whose shareholder is a major player in the packaging sector for the food industry, via the Cedap group.
European Bioplastics concluded two days of insightful presentations, panel discussions and market data analysis. Around 350 attendees gathered in Berlin and online to attend the 19th edition of the European Bioplastics Conference, EBC24.
IL BIOECONOMISTA 