Neste, the world’s largest producer of renewable diesel and sustainable aviation fuel (SAF) produced from waste and residue raw materials, has delivered its first batch of sustainable aviation fuel to San Francisco International Airport (SFO) via pipeline, where it will be used by major airlines committed to reducing carbon emissions.
Green hydrogen is a beacon of hope in the energy transition, both as a carbon-free fuel for industry and transportation, and as a key raw material for the chemical industry. Green hydrogen is produced from water by electrolysis using electricity generated from renewable resources. It is still much more expensive than conventional hydrogen, which is generally obtained from methane gas in a process that releases carbon dioxide. As well as sufficient low-cost electricity generated from renewables, investment in the electrolyzer is a key factor in cost-efficient production of green hydrogen.
In 2018, bioeconomy in Italy has shown a production potential amounting to 345 billion euro, equal to approximately 10% of the total value of national production, employing approximately 2 million people. Italy is in third position at EU level. Germany is first with a production worth €414 billion and France second with €359 billion. Spain is fourth (€237 billion) followed by the UK (€223 billion). In these five countries, the bioeconomy is worth €1.568 trillion. Continue reading
U.S. industrial biotech company Geomatica won the prestigious 2020 Green Chemistry Challenge Award given by the U.S. Environmental Protection Agency (EPA) for its Brontide® natural butylene glycol. Honoring groundbreaking scientific solutions to real-world environmental problems, the win for Brontide natural butylene glycol marks the third EPA award held by Genomatica and makes them one of only four companies to win the award three times in the program’s 25-year history.
Your Excellencies, Ladies and Gentlemen, I must say how grateful I am to have been invited to be with you here today as we bring together the United Nations and the Commonwealth to discuss what we are calling The Great Reset. I would also like to thank the Permanent Representatives of Canada and Jamaica for convening this meeting and Prime Minister Trudeau for his inspiring leadership on the Green Recovery.
The need to react to the COVID-19 crisis is a unique opportunity to transform our economy and put forward the change that our society needs to create a sustainable and desirable future. A Circular Bioeconomy Roundtable convened by HRH The Prince of Wales last week discussed how this should be done: not just by designing recovery packages, but by transformative action to trigger mission-oriented innovation, attract investments and rethink business models and markets. Leading figures from science, the investment community and industry discussed how a circular bioeconomy offers game-changing solutions and is a crucial concept to move towards a carbon-neutral, renewable and inclusive economy that prospers in harmony with nature.
LanzaTech, a leading biotech company and carbon recycler headquartered in Illinois (USA), has successfully launched LanzaJet, Inc., a new company that will produce sustainable aviation fuel (SAF) for a sector requiring climate friendly fuel options as it starts to recover from the impacts of COVID-19. With its approach to commercialization of SAF, LanzaJet is creating regional jobs while enabling global decarbonization of the aviation sector.
Beiersdorf and Evonik have reached an agreement on a research partnership. Its aim is to develop sustainable raw materials for care products, using carbon dioxide (CO2) as the starting material. Beiersdorf is on the lookout for new sources of raw materials that will also reduce the company’s carbon footprint. One option here is artificial photosynthesis technology. The idea: with the aid of electricity from solar energy and bacteria, valuable raw materials are produced with water and CO2, drawing on natural photosynthesis as a model. The joint research project of Evonik and Beiersdorf is being funded by Germany’s Federal Ministry of Education and Research (BMBF) in the amount of around €1 million.
Neste brings Neste MY Renewable Diesel™ to a significant number of new stations during April and May 2020 in Finland. With the expansion, Neste MY Renewable Diesel will be available at around 120 stations in growth centers as well as smaller towns.
While it may not always seem like it, our world is slowly becoming more eco-conscious. People, and particularly those in younger generations, are recognizing the threats of climate change and looking for ways to contribute to a healing effort. There’s still a great deal of work to be done though, and right now, in the spring of 2020, we may be at something of a crossroads.
IL BIOECONOMISTA 