BASF Coatings has launched a new digital solution to calculate the carbon footprint (Product Carbon Footprint, PCF) of its sales portfolio. The solution replaces an internally developed application that BASF Coatings has used for several years to provide reliable CO2 data to customers worldwide.
Avantium, a leader in renewable and circular polymer materials, entered into a capacity reservation agreement with Packamama, the UK- and Australia-based innovator in sustainable wine packaging. Through this collaboration, Packamama will secure future volumes of Avantium’s plant-based and recyclable polymer PEF (polyethylene furanoate), branded as releaf®, from licensed plants using Avantium’s proprietary YXY® Technology for the production of releaf®.
BioKET goes to Switzerland. The international conference organized by the French Bioeconomy Cluster, Bioeconomy for Change (B4C), will be held in Fribourg from March 17 to 19. BIOKET, short for BIOeconomy Key Enabling Technologies, is a global event dedicated to the processes and technologies applied to biomass. BIOKET – B4C states – was founded in 20018 to fill a niche in highlighting the Key Enabling Technologies (KETs) that are essential for transforming biomass into high value added products.
AFYREN, a French greentech company offering manufacturers biobased, low-carbon ingredients through a unique fermentation technology based on a circular model, received €7 million in additional financing for its subsidiary AFYREN NEOXY. This was obtained through the release of the second tranche of the Sustainability-linked loan secured in December 2024 and the New Industry Loan obtained in November 2024. AFYREN reports a cash position of approximately €35 million as of year-end 2025.
Neste and Cathay Group have agreed on the supply of Neste MY Sustainable Aviation Fuel for the group’s aviation operations across three major aviation regions: Europe, the United States, and Asia-Pacific. This agreement supports Cathay to scale up its use of sustainable aviation fuel (SAF).
UPM, a global leader in sustainable material solutions, has achieved an important milestone in the startup of production of commercial, wood-based chemicals in its Leuna biorefinery in Germany. The refinery, which is the largest industrial-scale investment in biochemicals in Europe, has started the production and commercialization of industrial sugars.
Dear Readers,
we want to wish all of you a very happy, peaceful and healthy year, where we all will keep working together to make the circular bioeconomy happen.
Odfjell has launched the first operational green corridor between Brazil and Europe. “Our chemical tankers are now sailing the 5,000-nautical-mile route between Brazil and Europe with substantially lower emissions. The corridor will operate 12-15 voyages per year, each lasting around 40 days”, states the Norwegian company.
”We have established an offtake of B24 sustainable biofuel blend in Rio Grande to secure long-term fuel availability. The Ports of Antwerp-Bruges, Rotterdam and Rio Grande are working together with our team to advance the green corridor through increased efficiency and optimized port-stay processes.”
“We do this to demonstrate that certified fuel, technology, and infrastructure are already available,” says CEO Harald Fotland. “Through this, we show that sustainable biofuel is a viable option for deep-sea shipping today.”
Fotland emphasizes that this is not a one-off demonstration but a long-term commitment.
“With this corridor, we integrate greener fuel as a new pillar in our decarbonization strategy. We activate the entire value chain to find ways to decarbonize our operations, and we are encouraged that key stakeholders are joining us in this groundbreaking initiative.”
Odfjell has taken independent action—self-funding the project and moving ahead without subsidies.
“By covering the additional cost ourselves, we eliminate the financial element and move directly into operational implementation. It may not be a perfect corridor yet, but a solid start. Its success depends on collaboration across the value chain, and we are committed to developing it further together with relevant stakeholders,” Fotland says.
This includes collaboration with ports to increase efficiency, with customers to maximize capacity utilization, and with fuel providers to increase the influx of green fuels.
In Brazil, the currently available sustainable biofuel quality is the so-called certified B24—a blend of 24% renewable biodiesel derived from waste and 76% VLSFO. Introducing biofuel marks another step in Odfjell’s decade-long work to reduce emissions. “We have already improved our carbon intensity by more than 54% compared to the 2008 benchmark, achieved through a wide range of technical and operational measures.”
The initiative aligns with IMO’s 2030 targets and the EU’s Fit for 55 ambitions, and builds on the 2024 Norway-Brazil MoU to establish a green, transatlantic shipping corridor.
“We hope to inspire broader industry action and welcome continued collaboration with regulators, ports, producers, other ship operators, and customers to accelerate the transition to low-emission maritime transport,” Fotland ends.
The Norwegian Minister of Climate and Environment, Anders Bjelland Eriksen, states:
“We congratulate Odfjell on taking the lead and demonstrating what is possible when business and public authorities cooperate across national borders to reduce emissions. Green shipping corridors over long distances are still in their early stages, and this therefore represents an important first step on the path toward zero emissions. The ocean is the link in trade between Brazil and Norway. This new green shipping corridor is the result of Norway’s cooperation with Brazil on more climate-friendly shipping. We will continue this work with the aim that more vessels can gradually adopt a wider range of low- and zero-emission fuels.”
Packaging
UPM introduces UPM Circular Renewable BlackTM, a groundbreaking innovation that redefines the role of black as a color in sustainable packaging. UPM Circular Renewable Black is the world’s first bio-based, near-infrared (NIR) detectable, carbon-negative[1] pigment, enabling premium packaging solutions that combine design excellence with full recyclability and a strong sustainability performance.
Takashi Matsumoto, Business Director at AGC Vinythai, talks toIl Bioeconomista. In this exclusive interview with us Mr Matsumoto talks about his company and the future development of bioeconomy in Thailand. “Climate action is urgent in Thailand as we are already living with the effects of climate change including flash floods, heavy rain and extreme temperatures, also in rainy season.“
Interview by Mario Bonaccorso
IL BIOECONOMISTA 