Madison Bidco acquires Velocys for £4.1mnews Fayaz Mahessar 5 Dec 23 0Velocys announced that Madison Bidco will acquire the company for £0.25 per share at a total valuation of £4.1m. The transaction is expected to be… Read more
Infinium receives $75m investment; enters eSAF offtake agreementnews Fayaz Mahessar 29 Nov 23 0Infinium announced that it has received $75m project equity investment from Breakthrough Energy Catalyst and entered into a firm offtake agreement with American Airlines for… Read more
Spain’s Cepsa to expand SAF supply to five airportsnews Fayaz Mahessar 29 Nov 23 0Spanish energy company Cepsa announced that it has begun marketing sustainable aviation fuel (SAF) at Malaga airport expanding its supply of green fuel after it… Read more
Preem invests $527m to convert Lysekil oil refinery into renewables sitenews Fayaz Mahessar 27 Nov 23 0Sweden’s largest fuel refiner Preem said it plans to invest additional SEK5.5bn (US$527.6m) to phase out fossil production from its Lysekil oil refinery in favour… Read more
Velocys and Yield10 need financing fastopinion Fayaz Mahessar 24 Nov 23 0Everyone agrees that demand for Sustainable Aviation Fuel (SAF) is strong. But two companies involved in the SAF production chain have said they will run… Read more
Heathrow announces £71m SAF incentive for airlinesnews Fayaz Mahessar 24 Nov 23 0Heathrow Airport announced that it is planning to extend its carbon cutting scheme for third year through a £71m scheme to help halve the price… Read more
Neste issues €600m green bondnews Fayaz Mahessar 15 Nov 23 0Neste Corporation, a Finnish company that produces renewable fuels and biomaterials, has issued a €600m green bond with a 7.5-year maturity and a fixed coupon… Read more
Gevo reports 15-fold increase in revenue to $4.5mnews Fayaz Mahessar 13 Nov 23 0Gevo, a renewable chemicals and advanced biofuels company, reported revenue of $4.5m in the third quarter of 2023, up 15-fold from the same period last… Read more
Air France-KLM invests $4.7m in DG Fuels SAF facility; expands offtake agreementnews Fayaz Mahessar 10 Nov 23 0Air France-KLM Group announced $4.7m investment in DG Fuels’ Sustainable Aviation Fuel (SAF) production facility in Louisiana, US and acquired a new option to purchase… Read more
Velocys convertible loan notes extension falls shortnews Fayaz Mahessar 31 Oct 23 0Velocys said that it has failed to meet the deadline to complete the funding deal announced earlier this year. “The company announced on September 21st… Read more
Neste reports €5.97bn revenue in Q3news Fayaz Mahessar 26 Oct 23 0Neste Group posted revenue of €5.9bn in the third quarter (3Q), down 9% year-on-year due to lower market and sales prices despite higher volumes. Segment-wise… Read more
KGAL invests in Arcadia eFuels’ facility in Denmarknews Fayaz Mahessar 12 Oct 23 0KGAL ESPF 6, a new Article 9 impact fund, has invested in Arcadia eFuels’ hydrogen-based production facility in Vordingborg, Denmark. The plant is expected to… Read more
Elyse Energy enters financing deal with Hy24, Mirova to produce SAF, e-fuelsnews Fayaz Mahessar 2 Oct 23 0Elyse Energy has entered in a financing deal with Hy24 and Mirova to produce one million tonnes of e-methanol and 200,000 tonnes of Sustainable Aviation… Read more
Studying sogo shoshaopinion Alasdair Whyte 28 Sep 23 0Nike’s Worldwide Headquarters in Portland Oregon is not just a place to work. It also tells the history of the company. There are buildings named… Read more
Mitsui invest in Galp to bring SAF production to Portugalnews Oscar Henderson 26 Sep 23 0Mitsui has invested in Galp for Renewable Diesel (Hydrotreated Vegetable Oil, HVO) and Sustainable Aviation Fuel (SAF) production at their Sines refinery. The total investment… Read more
