There is a new partnership in the world bioeconomy. Indian Oil Corporation Limited, India’s flagship national oil company and, LanzaTech, carbon recycling company based in Illinois, signed a Statement of Intent to construct the world’s first refinery off gas-to-bioethanol production facility in India.
ExxonMobil, the largest publicly traded petroleum and petrochemical enterprise in the world, and Synthetic Genomics Inc., a global leader in the fields of synthetic biology and synthetic genomics, achieved a breakthrough in joint research into advanced biofuels involving the modification of an algae strain that more than doubled its oil content without significantly inhibiting the strain’s growth.
Finland is the cradle of the bioeconomy. And maybe someone could someday propose to change the name from Finland to Bio-land. The latest news is that buses in the Helsinki region and most of machinery and trucks used by the City of Helsinki are switching to waste and residue-based biofuels. Helsinki Region Transport HSL, the City of Helsinki and the producers of renewable fuels involved in the project are all pioneers in carbon-neutral transport. The project is internationally significant.
Used vegetable oils can be transformed into biofuels. Eni and CONOE, the Italian Consortium for the Collection and Treatment of Used Oils and Fats, signed a Memorandum of Understanding to promote and increase the collection of vegetable oils that will supply Eni’s Venice biorefinery and, from 2018, Gela. The Minister for the Environment and the Protection of Land and Sea Gian Luca Galletti and the Director General for Energy Supply Security and Infrastructure of the Ministry of Economic Development Gilberto Dialuce were present at the event.
The European Union should introduce a single certification scheme for palm oil entering the EU market and phase out the use of vegetable oils that drive deforestation by 2020 to counter the impact of unsustainable palm oil production, such as deforestation and habitat degradation, particularly in South-East Asia. This is what said MEPs in a resolution voted last week.
Poet-Dsm Advanced Biofuels, a 50/50 joint venture between Royal Dsm and Poet, Llc. Based in Sioux Falls, South Dakota, will build an on-site enzyme manufacturing (OSM) facility in Emmetsburg, Iowa, pending state and local approvals.
The Biotechnology Innovation Organization (BIO) urges U.S. Congress to advance a multi-year extension of renewable energy tax credits slated to expire at the end of 2016.
Virent established a strategic Consortium with Tesoro, Toray, Johnson Matthey and The Coca-Cola Company focused on completing the development and scale up of Virent’s BioForming® technology to produce low carbon bio-based fuels and bio-paraxylene (a key raw material for the production of 100% bio-polyester). The Consortium members will work together to finalize technical developments and commercial arrangements, with the objective of delivering a commercial facility to produce cost effective, bio-based fuels and bio-paraxylene.
Amyris, the U.S. industrial bioscience company, has won a three-year multi-million dollar contract from the U.S. Department of Energy (DOE) to further the manufacturing of cellulose-derived farnesene for biofuels. The company led by John Melo, in cooperation with Renmatix and Total New Energies USA, will work to develop a manufacturing-ready process utilizing wood as the cellulosic feedstock to produce farnesene, a hydrocarbon building block used to manufacture a variety of products ranging from cosmetics to detergents, as well as base oils, lubricants, diesel and jet fuel.
Prices in the niche market for biofuels compliance credits jumped to three-year highs last Monday as traders fretted about supplies because of higher U.S. government mandates to increase the use of biofuels next year.
Trading in the opaque market for Renewable Identification Numbers (RIN) – the paper credits that can be bought and sold to meet government requirements for biofuels – has picked up in recent days.