Neste Corporation signed an agreement to sell its fuel retail business consisting of 75 fuel stations and a terminal in St. Petersburg region to PJSC Tatneft, one of the leading integrated oil and gas companies in Russia. “The divestment – Finnish company stated – has no impact on Neste’s Marketing & Services’ operations in Finland and the Baltic countries”.
Haldor Topsoe will build a 10 kg/hour methanol plant to demonstrate the company’s electrified and extremely compact eSMR Methanol™ technology for cost-competitive production of sustainable methanol from biogas. The eSMR Methanol™ technology exploits the full carbon potential of biogas by utilizing the 40% CO2 content which is routinely separated and vented today. The technology heats the process using green electricity from wind turbines or solar panels instead of natural gas.
BP Ventures has made an investment of $30 million in Calysta, Inc., an alternative protein producer, that will use BP’s natural gas to produce protein for fish, livestock and pet feeds.
The investment supports BP’s strategy of creating new markets in which gas can play a material role in delivering a more sustainable future and establishing a strategic relationship between BP and California-based start-up Calysta around gas and power supply.
Calysta’s proprietary gas fermentation technology produces FeedKind® protein, a sustainable feedstock that can be used for fish, livestock and pet nutritional products. The innovative process has the potential to help meet the growing demand for feed in the aquaculture and wider agriculture markets without some of the environmental impacts of current sourcing methods. Continue reading
Investors from around the globe are urging world government leaders to step up ambition on climate change and enact strong policies by 2020 to achieve the goals of the Paris Agreement, including phasing out thermal coal power and pricing carbon. 477 investors with $34 trillion (USD) in assets, a record number of signatories, are behind the urgent call-to-action to limit average global temperature rise to no more than 1.5 degrees Celsius.
Finnish bioeconomy takes a step forward. KaiCell Fibers Ltd is led to the stage that preparation for construction can get started. Environment permit is in the authority evaluation, mill site is contracted, and coding is getting ready, big share of the wood supply is pre-contracted, technical preparations are well advanced and industrial partners have readiness to join in.
All Nippon Airways (ANA), Japan’s largest and 5-Star airline for seven consecutive years, signed an offtake agreement with Illinois-based LanzaTech that will allow the company to purchase sustainable aviation fuel, a significant step in ANA’s efforts to minimize its environmental impact and meet Sustainable Development Goals (SDGs). This is not the first time that ANA has utilized sustainable aviation fuel, and the current agreement targets 2021 for the delivery of the sustainable aviation fuel making ANA a leader in putting its green principles into practice.
ExxonMobil is progressing growth plans to substantially increase earnings and cash flow potential while researching technology breakthroughs to reduce emissions, Chairman and CEO Darren Woods told shareholders during the company’s annual meeting.
Last Thursday Avantium hosted a Technology & Markets Day at its headquarters in Amsterdam, the Netherlands. The company will update the market on Avantium’s strategy and technologies, in particular that of the Synvina business unit and the commercialization of PEF, a 100% renewable and fully recyclable polymer.
Avantium develops novel technologies based on renewable carbon sources as an alternative to fossil- based chemicals and plastics. Next to developing and commercializing renewable chemistry technologies, the company also provides advanced catalysis R&D services and systems to customers in the refinery and chemical industries. The company currently has three technologies at pilot and demonstration phase. Continue reading
San Diego-based Genomatica, a technology leader for bio-based chemicals, has acquired certain assets of the REG Life Sciences division (REG LS) of Renewable Energy Group, Inc., the largest supplier of advanced biofuels in North America. Genomatica intends to use these assets to develop a wider range of sustainable chemicals which in turn are used to make numerous everyday materials and products.
The final event of the European project FIRST2RUN will take place at the Square Convention centre in Brussels on June 20. Co-ordinated by Italian biochemical company Novamont and funded by the Bio-Based Industries Joint Undertaking under the European Union’s Horizon 2020 research and innovation programme, FIRST2RUN is a flagship project involving four companies and universities from Italy, UK and The Netherlands.
IL BIOECONOMISTA 