Neste and Boston Consulting Group (BCG) have signed a new agreement for the purchase of Neste MY Sustainable Aviation Fuel™, to be delivered to airlines SAS and Finnair, covering the volume of all the flights with these carriers taken by BCG employees in the Nordics. Through this new partnership, BCG expects to significantly reduce greenhouse gas emissions on flights with these airlines.
Nouryon has signed a 10-year agreement with Metsä Fibre, part of Metsä Group. Under the long-term agreement, the Dutch company will provide Metsä Fibre with sodium chlorate for its new bioproduct mill in Kemi, Finland.
Metsä Group is investing 1.6 billion euros to build the mill which, once operational, will produce 1.5 million tons of softwood and hardwood pulp each year. As a key element of the partnership, Nouryon will invest in its Oulu production facility in Finland by expanding its production capacity and upgrading the facility to manufacture sodium chlorate with renewable energy.
According to the International Press Agency Reuters, President Joe Biden’s administration, under pressure from labor unions and U.S. senators including from his home state of Delaware, is considering ways to provide relief to U.S. oil refiners from biofuel blending mandates, three sources familiar with the matter said.
The issue pits two of the administration’s important political constituencies against each other: blue-collar refinery workers and farmers who depend on biofuel mandates to prop up a massive market for corn.
It could prompt an about-face for the administration, which had been rolling back former President Donald Trump’s dramatic expansion of waivers for U.S. refiners from the Renewable Fuel Standard.
Evonik has made a follow-up investment in the biotechnology start-up In Ovo through its venture capital unit. The investment comes as the young company reaches the commercialization stage for its technology and is bringing its gender-testing machine for eggs to the market. Together with co-investor VisVires New Protein Capital, Evonik Venture Capital has provided several million euros in further funding. Evonik Venture Capital first invested in the Leiden, Netherlands-based company in 2018, providing support for a technology that helps solve one of the egg industry’s biggest ethical problems.
The Spanish private research organisation CARTIF has completed the first assessment focusing on the environmental and social performance of Metsä Group’s Kuura textile fibre. Kuura is still in a R&D phase and the production process to make it is currently being tested and further developed at a tonne per day demo plant in Äänekoski, Finland. The outcome of the assessment conducted by CARTIF is very good for Kuura. In regard to environmental performance, when comparing to other commercial man-made cellulosic fibres (viscose and lyocell), and to cotton, Kuura shows the lowest impact on climate change, supporting its viability as a sustainable solution in the market of textile fibres.
Until now, there have been no commercial drop-in solutions for replacing fossil gasoline to reduce high amounts of greenhouse gas emissions from conventional petrol cars, without investing into new vehicles or modifying the old ones.
Neste, the world’s leading producer of renewable diesel and sustainable aviation fuel (SAF), may be the first to have developed a renewable gasoline for such commercial use in the existing fleet. The final phase of testing is now beginning with the target to complete commercial tests of the fuel, and thereby enabling significant reductions of greenhouse gas emissions from gasoline and hybrid cars.
Stora Enso and packaging technology company Pulpex joined forces to industrialize the production of eco-friendly paper bottles and containers made from wood fiber pulp. These renewable products will offer an alternative to PET plastics and glass. The exclusive partnership leverages Stora Enso’s formed fiber technologies and ability to convert end-products at an industrial scale.
Transport biofuel production declined 8% globally in 2020 as the pandemic limited travel, according to figures released by the International Energy Agency (IEA). Production is expected to recover this year to 2019 volumes, and expand another 7% in 2022 as biodiesel and hydrotreated vegetable oil (HVO) production increases globally and ethanol expands in India.
“I believe that EC and the Member States should really work with the aim of promoting such innovative and sustainable products, sustaining the market entry phase, especially in those market segments characterized by low margins and hard competition (such as building and textile sectors).” To say it – in this interview with Il Bioeconomista – is Stefano Babbini, co-founder and CEO of Mogu, an Italy-based SME which is exploring the potential of mycelium-based technologies in several application sectors. He talks with us about the company’s main business, the bioeconomy at European level and the BBI JU demo project Grace, where the Italian company is applying its technology to the hemp and miscanthus value chains.
Interview by Mario Bonaccorso
The founding partners of The Investor Agenda released today a new tool to enable institutional investors to step up action to tackle the climate crisis and accelerate the transition to a net-zero economy. The Investor Climate Action Plans (ICAPs) Expectations Ladder and Guidance aims to help investors navigate existing expectations and initiatives on climate change. It is inclusive and unique in that it sets out expectations for investors wherever they may be on their climate journey.