“One of the greatest advantages of the circular bioeconomy is the fact that it relies on renewable biological resources and renewable energy which we can develop, manage and process in Europe, which is not a continent rich in fossil resources or rare earth materials.” To say it – in this exclusive interview with Il Bioeconomista – is Marc Palahí, director of the European Forest Institute. He talks about circular bioeconomy, the role played by the forest-based sector, the Circular Bioeconomy Alliance founded by His Majesty King Charles III (formerly The Prince of Wales) and the next event focused on Biocities, which will take place in Rome on April 20.
Eni Sustainable Mobility and PBF Energy Inc. entered into definitive agreements to partner in a 50-50 joint venture, St. Bernard Renewables LLC (SBR), for the biorefinery currently under construction co-located with PBF’s Chalmette Refinery in Louisiana (US). Upon consummation of the transaction, which is subject to customary closing conditions, including regulatory approvals, Eni Sustainable Mobility will contribute capital totaling $835 million plus up to additional $50 million that is subject to the achievement of eventual project milestones and will provide expertise in biorefining operations, supply and marketing. PBF brings its strong industrial know-how in the United States and, as the contributor of the biorefinery, will continue to manage project execution and serve as the operator once construction is complete.
At the IPPE fair in Atlanta, BASF and Cargill announced their expanded cooperation, adding the United States (US) to their existing feed enzymes development and distribution agreement. Together, the two companies are committed to bringing innovative enzyme-based solutions to the market, generating distinctive value for animal feed customers. By combining the enzyme research and development strengths of BASF with Cargill’s know-how in application and broad market reach, the partners will form a joint innovation pipeline for animal protein producers.
In November 2022, Neste announced that it would acquire the used cooking oil (UCO) collection and aggregation business and related assets on the US West Coast from Crimson Renewable Energy Holdings, LLC. The acquisition has been approved by regulatory authorities, and the transaction has been closed.
Neste, the world’s leading producer of renewable diesel and sustainable aviation fuel produced from waste and residue raw materials, has agreed to acquire the used cooking oil (UCO) collection and aggregation business and related assets in the United States from Crimson Renewable Energy Holdings, LLC. The transaction includes shares in SeQuential Environmental Services, LLC, and Pure, LLC, as well as a UCO processing plant in Salem, Oregon. The transaction is subject to the fulfillment of customary closing conditions and regulatory approval.
President Biden signed an Executive Order to launch a US National Biotechnology and Biomanufacturing Initiative that “will ensure we can make in the United States all that we invent in the United States. This Initiative will create jobs at home, build stronger supply chains, and lower prices for American families”. Yesterday, the White House hosted a Summit on the National Biotechnology and Biomanufacturing Initiative during which cabinet agencies announced a wide range of new investments and resources that will allow the United States to harness the full potential of biotechnology and biomanufacturing and advance the President’s Executive Order.
Agriculture Secretary Tom Vilsack announced the U.S. Department of Agriculture is accepting applications for a new pilot program created under President Biden’s historic Bipartisan Infrastructure Law to support the development of biobased products that have lower carbon footprints and increase the use of renewable agricultural materials, creating new revenue streams for farmers. This $10 million investment is part of the Biden-Harris Administration’s ongoing work to rebuild our infrastructure and create good-paying jobs and economic opportunity in our rural communities.
The US is ordering refiners to boost the use of biofuels such as corn-based ethanol, as the Biden administration tries to strike a balance between competing political and economic pressures while gasoline prices soar.
Houston-based Kinder Morgan is partnering with Finnish company Neste to create a raw material storage and logistics hub in the United States that will support increased production of renewable diesel, sustainable aviation fuel, and renewable feedstock for polymers and chemicals.
Upon completion of the project, Kinder Morgan’s Harvey, La., facility will serve as the primary hub where Neste will store a variety of raw materials, including, for example, the used cooking oil it collects from more than 40,000 restaurants across the United States, the company said.
US biotech company Genomatica closed $118 million in Series C funding to accelerate the global commercialization and expansion of sustainable materials, with the potential to reduce greenhouse gas emissions by 100 million tons per year. Leading life science investor Novo Holdings led the round, with additional participation by existing and new investors including Viking Global Investors, Casdin Capital and others. Genomatica will use the investment to scale production for its portfolio of products and continue investing in new technologies to amplify the impact of sustainable materials across a range of industries.