LanzaJet, a sustainable fuels technology company and renewable fuels producer, has secured financing for its Freedom Pines Fuels plant in Soperton, Georgia, through the Microsoft Climate Innovation Fund. The Microsoft Climate Innovation Fund has made a $50M investment to support the construction of LanzaJet’s (and the world’s) first alcohol-to-jet sustainable aviation fuel (SAF) production plant. The innovative structure of Microsoft’s financing will enable LanzaJet to bring lower-cost sustainable aviation fuel and renewable diesel to the global market.
Aviation fuel supplier ExxonMobil has reached an agreement with sustainable aviation fuel (SAF) producer Neste to commercially distribute Neste MY Sustainable Aviation Fuel at France’s largest airports. The move comes after the French Government introduced the 1% SAF mandate, which has come into force from 1 January.
The bioeconomy is key to our future! We are a community of business leaders working to solve our world’s greatest challenges. I am honored to be named among these visionaries and grateful to the readers of Il Bioeconomista for taking such a big interest in the work we all do. To say it – in this exclusive interview with Il Bioeconomista – is Jennifer Holmgren, the Most Innovative Bioeconomy CEO 2021 according to our readers. She talks about this recognition but above all about the bioeconomy and our carbonsmart future.
Suntory Group, as a crucial step toward its aim to use 100% sustainable PET bottles globally by 2030 and eliminate all petroleum-based virgin plastic from its global PET supply, has successfully created a prototype PET bottle made from 100% plant-based materials. The prototype has been produced for the company’s iconic Orangina brand in Europe along with its best-selling bottled mineral water brand in Japan, Suntory Tennensui. This achievement marks a breakthrough after a nearly decade-long partnership with the US-based sustainable technology company Anellotech.
Our readers have voted. The most innovative bioeconomy CEO 2010 is Jennifer Holgren, CEO of LanzaTech, the Illinois-based company that is the global leader in gas fermentation technology. The company provides novel and economic routes to ethanol, jet fuel and high-value chemicals from gas streams including industrial off-gases from steel and alloy mills; petroleum refineries, petrochemical complexes and gas processing facilities; syngas generated from any biomass resource (e.g. municipal solid waste (MSW), organic industrial waste, agricultural waste); and reformed biogas.
With a new project organization, BASF is bundling and accelerating its extensive cross-company activities to reduce its CO2 emissions by 25 percent by 2030 compared with 2018 and become climate neutral by 2050. The unit, called “Net Zero Accelerator”, focuses on implementing and accelerating projects relating to low-CO2 production technologies, circular economy and renewable energies. “With the new project organization, we are continuing to accelerate and create more powerful structures within BASF to achieve our ambitious goals,” said Martin Brudermüller, Chairman of the Board of Executive Directors of BASF SE. “This further step demonstrates the determination to drive forward our transformation to a climate-neutral company.”
Brazilian energy company Raizen SA and its shareholder Royal Dutch Shell Plc signed an agreement with the Ferrari Formula 1 team to supply second-generation, high-performance ethanol from next year, when the main motor racing category will begin using 10% ethanol blend in gasoline.
Commitments made in advance and during COP26 have put keeping global warming to 1.5°C within reach, accelerating investment towards net zero emissions. Stronger policies and 2030 targets are still required to unlock the trillions of dollars required to avoid the worst impacts of climate change.
“Global warming of above 1.5°C presents irreversible, foreseeable and large-scale risks to investors and financial markets,” Rebecca Mikula-Wright, Chief Executive Officer of the Asia Investor Group on Climate Change (AIGCC), said. “The commitments that have come out ahead and as part of Glasgow have been significant but global action is still falling short.