Neste announces €2.5bn plan to convert crude oil refinery to renewables refining hub

news

Fayaz Hussain

20 Dec 23

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Neste announced that it has completed the strategic study to transform its crude oil refinery in Porvoo, Finland into a renewable and circular solutions refining…

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Kuwait Petroleum completes SAF blending at biorefinery in France

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Fayaz Hussain

15 Dec 23

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Kuwait Petroleum International (KPI) announced its marketing arm Q8Aviation has successfully completed first blending process of sustainable aviation fuel (SAF) at a biorefinery in the…

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Masdar, Hy24 sign €2bn green fuels agreement on COP28 sidelines

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Fayaz Hussain

14 Dec 23

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Masdar and Hy24 signed a €2bn joint development and investment framework agreement to foster large-scale green hydrogen projects on the sidelines of COP28 in Dubai.…

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Dimensional Energy closes $20m Series A round

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Fayaz Hussain

13 Dec 23

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Dimensional Energy announced that is has successfully closed a $20m Series A funding round to construct a power-to-liquid fuels plant in Canada, launch new products…

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e-SAF startup Metafuels raises $8m

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Fayaz Hussain

13 Dec 23

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Zurich-based aviation tech startup Metafuels announced that it has successfully raised its first institutional funding round of $8m, led by Energy Impact Partners (EIP) and…

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Madison Bidco acquires Velocys for £4.1m

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Fayaz Hussain

5 Dec 23

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Velocys 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…

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Infinium receives $75m investment; enters eSAF offtake agreement

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Fayaz Hussain

29 Nov 23

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Infinium announced that it has received $75m project equity investment from Breakthrough Energy Catalyst and entered into a firm offtake agreement with American Airlines for…

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Spain’s Cepsa to expand SAF supply to five airports

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Fayaz Hussain

29 Nov 23

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Spanish energy company Cepsa announced that it has begun marketing sustainable aviation fuel (SAF) at Malaga airport expanding its supply of green fuel after it…

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Preem invests $527m to convert Lysekil oil refinery into renewables site

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Fayaz Hussain

27 Nov 23

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Sweden’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…

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Velocys and Yield10 need financing fast

opinion

Fayaz Hussain

24 Nov 23

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Everyone agrees that demand for Sustainable Aviation Fuel (SAF) is strong. But two companies involved in the SAF production chain have said they will run…

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Heathrow announces £71m SAF incentive for airlines

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Fayaz Hussain

24 Nov 23

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Heathrow Airport announced that it is planning to extend its carbon cutting scheme for third year through a £71m scheme to help halve the price…

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Neste issues €600m green bond

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Fayaz Hussain

15 Nov 23

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Neste 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…

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Gevo reports 15-fold increase in revenue to $4.5m

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Fayaz Hussain

13 Nov 23

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Gevo, 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…

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Air France-KLM invests $4.7m in DG Fuels SAF facility; expands offtake agreement

news

Fayaz Hussain

10 Nov 23

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Air 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…

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Velocys convertible loan notes extension falls short

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Fayaz Hussain

31 Oct 23

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Velocys said that it has failed to meet the deadline to complete the funding deal announced earlier this year. “The company announced on September 21st…

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