Neste and Marathon closed the transaction for the establishment of the joint venture to be called Martinez Renewables. This is a 50/50 joint venture to produce renewable diesel following a conversion project of Marathon’s refinery in Martinez, California (the Martinez Renewable Fuels project).
Forests and forestry play a key role in policy targets to achieve climate neutrality. In a comprehensive new European Forest Institute study, a multidisciplinary team of 12 authors from 7 countries have analysed how much forests and wood use can contribute to climate change mitigation, and how that contribution can be maximised.
The market for bioplastics used in packaging is anticipated to reach USD 16.6 billion by 2027, with a CAGR of 9.5 percent from 2013 to 2021, and is now valued at USD 10.5 billion in 2022. According to the FMI analysis, the market for bioplastics used in packaging would grow by 1.7 times its value from the base year during the course of the forecast year, creating lucrative investment prospects for the industry.
Royal DSM, a global purpose-led science-based company, pledges to purchase all of its electricity worldwide from renewable sources as well as further reduce greenhouse gas (GHG) emissions from its own operations faster with stringent new 2030 sustainability targets.
AFYREN, a French greentech company that offers manufacturers bio-based, low-carbon products made using technology based on natural micro-organisms, has signed two new commercial contracts for organic acids produced at its AFYREN NEOXY factory. The deals, involving a European and an American player, are for applications in the field of cosmetics and nutraceuticals.
Basf and Sulzer Chemtech (GTC Technology) have signed a Memorandum of Understanding (MoU) with the goal of advancing technologies for renewable fuels and chemically recycled plastics that will further expand the partners’ portfolio of sustainable solutions. The companies agreed to enter a strategic partnership to reduce the carbon intensity of renewable diesel and aviation fuel. They will also drive the development of innovative, cost-effective chemical processing solutions to improve the conversion of plastic waste into new plastics. The collaboration combines complementary areas of expertise, integrating Sulzer Chemtech’s capabilities in licensed processing technologies and mass transfer equipment with BASF’s cutting-edge high-performance adsorbents and catalysts.
UPM and Dongsung Chemical announce a development partnership that will accelerate the introduction of renewable, sustainable forest-sourced materials into the Asian market and reduce fossil resource consumption.
Avantium N.V., a leading technology company in renewable chemistry, signed an offtake agreement with AmBev, the Brazilian brewing company, part of the AB InBev Group, the largest beer company in the world. AmBev will purchase PEF (polyethylene furanoate) – a 100% plant based and recyclable alternative to plastic – from Avantium’s Flagship Plant and will use it to make bottles for its soft drinks portfolio.
Neste and HELLENIC PETROLEUM Group have entered into an agreement for the commercial distribuito of Neste MY Sustainable Aviation Fuels on flights by Aegean Airlines, the leading air carrier in Greece. HELLENIC PETROLEUM Group, through its subsidiary EKO, will ensure the supply of Neste-produced sustainable aviation fuel (SAF) on AEGEAN flights departing from its Thessaloniki Airport “Makedonia” hub. Flights from Athens International Airport are expected to follow soon, as Neste announced.
Bari, in South-eastern Italy, will be the capital of circular bioeconomy from 28 to 30 September. The International Forum on Industrial Biotechnology and Bioeconomy (IFIB) will be held in this city this year at the Kursaal Santalucia Theather. And it will be completely in presence.
IL BIOECONOMISTA 