United Kingdom – In order to obtain greater clarity on government backing, Drax said that it will postpone its planned $2.45 billion investment in bioenergy with carbon capture and storage (BECCS) in the UK.
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Spain – With an estimated expenditure of up to €1 billion, Cepsa will construct a new 2G biofuel facility in Palos de la Frontera, Huelva.
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Europe – A new study reveals that Europe presently wastes land the size of Ireland on crops for biofuels, which is a barrier to combating climate change and ensuring food security.
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Sweden – Wärtsilä will provide biogas liquefaction technology for a major new project in Mönsters, Sweden.
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The Netherlands – Eighty percent of the shares of Bio Energy Coevorden have been acquired by VARO Energy Group (BEC). One of Europe’s biggest producers of biogas is BEC.
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France – TotalEnergies has opened its eighteenth biogas production plant in France, which will be the largest in the country with a potential capacity of 160 gigatonne hours (GWh).
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Belgium – A recent study conducted for Transport & Environment (T&E) found that investments in biofuel processing are eight times bigger. This shows that the “huge bet” placed by Europe’s oil companies on hydrogen as the world’s transportation fuel of the future is not as large as it first appears to be.
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The Netherlands – The Dutch Parliament passed a motion on sustainably sourced biomass in December 2022, and Enviva, a producer of sustainably produced woody biomass, has endorsed it in a statement.
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Singapore – Chevron and Ocean Network Express (ONE) have collaborated to finish the first biofuel bunkering on a 4,800 TEU containership.
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Denmark – Shell Petroleum has reached a deal with Davidson Kempner Capital Management, Pioneer Point Partners, and Sampension to buy 100% of Nature Energy Biogas for nearly $2 billion.
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