GE Aerospace is taking bold steps to strengthen its partnerships in India, capitalizing on the country’s booming aviation sector. The company is significantly ramping up its component sourcing from India, as the country emerges as one of the fastest-growing civil aviation markets in the world. This strategic move comes in response to the rapid expansion […]
British energy giant bp has announced its intention to acquire the remaining 50% stake in its Brazilian joint venture, bp Bunge Bioenergia S.A., from Bunge Limited. This strategic move will grant bp full ownership of the prominent biofuels producer, a key player in Brazil’s sugarcane and ethanol sector. The deal, valued at approximately $1.4 billion, […]
Petroliam Nasional Berhad (PETRONAS), Enilive S.p.A, and Euglena Co., Ltd. have reached a major milestone with their final investment decision (FID) to develop a cutting-edge biorefinery within PETRONAS’ Pengerang Integrated Complex (PIC) in Johor, Malaysia. This ambitious project is set to significantly impact the biofuels sector, with operations expected to commence by the second half […]
ONEOK, Inc. (NYSE: OKE) has unveiled plans for a major expansion of its pipeline network, aimed at enhancing connectivity between Mid-Continent and Gulf Coast refined products supply and the greater Denver area. The $480 million project involves the construction of a new 230-mile pipeline from Scott City, Kansas, to Denver International Airport (DIA), alongside upgrades […]
Shell Nederland Raffinaderij B.V., a subsidiary of Shell plc, has announced a temporary pause in construction activities at its biofuels facility located at the Shell Energy and Chemicals Park Rotterdam, Netherlands. This strategic decision is aimed at addressing project delivery challenges and ensuring the future competitiveness of the facility, which is designed to produce up […]
In a significant move towards sustainable energy, the European Investment Bank (EIB) has partnered with Cepsa to fund the construction of a pioneering advanced biofuels plant. The €285 million loan agreement facilitates the establishment of this facility adjacent to the La Rábida Energy Park in Andalusia, aiming to boost the region’s economy and advance Europe’s […]
In a significant move to bolster its aviation capabilities, Saudia Group, the umbrella group that includes Saudia, the national flag carrier of the Kingdom of Saudi Arabia, and its low-cost counterpart, flyadeal, has confirmed a firm order for 105 additional A320neo Family aircraft. This landmark deal, comprising 12 A320neo and 93 A321neo planes, was officially […]
In a landmark move for sustainable energy, Infinium has finalized a deal with a subsidiary of Kinetik Holdings Inc. (NYSE: KNTK) to acquire carbon dioxide (CO2) for the production of ultra-low carbon electrofuels, or eFuels. This CO2 will be captured from Kinetik’s gas gathering and processing operations in the Permian Basin and utilized in Infinium’s […]
In a significant move toward sustainable aviation, Farmers Edge Inc., a leader in digital agriculture, has joined forces with Gevo Inc. (NASDAQ: GEVO), renowned for its innovations in renewable fuels. This collaboration marks a pivotal step in Gevo’s Climate-Smart Farm-to-Flight project, supported by a $30M grant from the U.S. Department of Agriculture (USDA) under its […]
Southwest Airlines Co. (NYSE: LUV) has taken a significant leap towards sustainability by announcing the acquisition of SAFFiRE Renewables, LLC (SAFFiRE), furthering the endeavors of its wholly owned subsidiary Southwest Airlines Renewable Ventures, LLC (SARV). SARV’s mission is to facilitate Southwest Airlines in acquiring scalable sustainable aviation fuel (SAF) solutions, marking a pivotal move in […]