Business

Aramco, TotalEnergies and Saudi Investment Recycling Company (SIRC) assess the development of a sustainable aviation fuels unit

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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,

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Metsä Group will introduce nature compensation in its environmental deviations

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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.

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Futerro closed its first fund-raising worth 12 million Euros in preparation for the construction of its new biorefinery

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Frederic Van Gansberghe, CEO Futerro

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.

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European Bioplastics concluded EBC24. “Bioplastics are relevant and here to stay”

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Source: European Bioplastics

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. 

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The Most Innovative Bioeconomy CEO 2024 is Frederic Van Gansberghe, CEO of Futerro

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Our readers have voted. The most innovative bioeconomy CEO 2024 is Frederic Van Gansberghe, CEO of Futerro, a a pioneer and world leader in bioplastics with the development and production of Poly-Lactic Acid (PLA, also called FUTERRO RENEW®). PLA is a well-recognized biopolymer able to replace a large number of traditional petro-based plastic used in several applications.

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The 10 Most Innovative Bioeconomy CEOs 2024. Now choose the number 1

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“Bioeconomy in everyday life” @ BioBased World 2015 in Frankfurt am Main

The circular bioeconomy is innovation, the result of the skills and passion of researchers and managers able to create value and new high-qualified jobs, reconciling economy, society and the environment. At the end of 2014 Il Bioeconomista launched a new initiative: The 10 Most Innovative Bioeconomy CEOs.

We have asked a panel of world bioeconomy experts to tell us the Chief Executive Officers that have stood out as the most innovative during the last year.

Now we ask you to choose the most innovative CEO responding to our survey (open till December 13 at 7 am, Central Europe Time).

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UPM Raflatac accelerates its actions to deliver a circular packaging industry and a future beyond fossils

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UPM Raflatac has made further progress towards a more circular economy for plastics and a future beyond fossils during 2023. The progress towards the 2025 commitments is detailed in the New Plastics Economy Global Commitment 2024 Progress Report by the Ellen MacArthur Foundation and the UN Environment Programme (UNEP). UPM Raflatac joined the Global Commitment as the first label materials company in October 2018.

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Eni and MSC Group joined forces to achieve decarbonization

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Claudio Descalzi, CEO of Eni

Eni and MSC Group President signed a memorandum of understanding aimed at developing joint initiatives in the field of sustainability and energy transition. The two Italian companies – the first is an integrated energy company committed to the energy transition towards carbon neutrality by 2050, the second is a world leader in transport and cruise services – intend to extend the scope of their already fruitful business relationship to a broader geographic context and, in particular, to areas relating to sustainability and decarbonization of their operations.

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Avantium strengthened its partnership with SCG Chemicals to pilot the production of PLGA

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CEO Tom Van Aken and Her Majesty Queen Maxima. Source: Avantium

Avantium N.V., a leading company in renewable and circular polymer materials, strengthened its partnership with SCG Chemicals Public Company Limited, a leading chemical player in Asia and an innovator of chemical innovations and solutions. The companies signed a multi-year collaboration to pilot the production of PLGA (polylactic-co-glycolic acid). This partnership marks a significant milestone in the development and commercialization of sustainable materials.

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Eni set outs its transformation, decarbonization and relaunch plan for Versalis

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Headquarter of Eni in San Donato Milanese (Milan)

As first announced at the presentation of its 2024-2027 Strategic Plan, Eni has finalized its transformation and relaunch plan for its chemicals business, also as part of its decarbonization path. The transformation plan involves about 2 billion euros of investment and aims to reduce emissions by approximately 1 million tonnes of CO2, currently about 40% of Versalis’ emissions in Italy.

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