article thumbnail

Acelen to invest $2.44 billion over 10 years to produce renewable diesel and SAF in Brazil

Green Car Congress

Brazil’s Acelen will invest more than R$12 billion (US$2.44 billion) over the next 10 years in the production of renewable diesel and sustainable aviation fuel (SAF) through the hydrotreatment of vegetable oils and animal fat. Inaugurated in 1950, RLAM was the first refinery in Brazil. million vehicles.

Brazil 296
article thumbnail

BP forming 50:50 biofuels JV with Bunge in Brazil; growing existing biofuels business >50%

Green Car Congress

BP will combine its Brazilian biofuels and biopower businesses with that of Bunge to create a world-scale, highly-efficient producer of sugarcane ethanol in Brazil: BP Bunge Bioenergia. Brazil is the world’s second-largest and most integrated market for ethanol as a transportation fuel with demand forecast to grow rapidly.

Brazil 339
article thumbnail

Cepsa to invest €3B in Andalusia to build the largest green hydrogen hub in Europe; additional €2B for renewable power

Green Car Congress

To generate the renewable electricity needed to feed production of green hydrogen, Cepsa will develop a 3GW portfolio of wind and solar energy projects with an additional €2-billion investment. It also expects Spain to become a net exporter of renewable hydrogen. Twenty percent of all projects worldwide are located in Spain.

Hydrogen 397
article thumbnail

Amyris ships first truckload of renewable farnesene (Biofene) from new Brazil plant

Green Car Congress

Renewable chemicals and fuels company Amyris, Inc. announced the first commercial shipment from its new plant in Brazil. Amyris’s first purpose-built industrial fermentation facility produces Biofene, Amyris’s brand of renewable farnesene, to be used in a range of specialty chemical and fuel applications.

Brazil 210
article thumbnail

GranBio and NextChem partner to develop cellulosic ethanol market

Green Car Congress

Brazil-based GranBio announced a strategic alliance with NextChem, the subsidiary of Italian engineering giant Maire Tecnimont dedicated to the energy transition, to co-license its patented technology for the production of second-generation (2G) ethanol worldwide. Currently, the company has the capacity to produce around 30 million liters (7.9

Market 218
article thumbnail

BNEF: cost of new renewables rises as inflation starts to bite

Green Car Congress

Global benchmarks conceal a range of country-level estimates that vary according to market maturity, resource availability, project characteristics, local financing conditions and labor costs. These cost hikes mark a rough patch for renewables, but not an inflection point.

Cost Of 210
article thumbnail

Renewables to overtake coal as largest global electricity source in 2025

Teslarati

During the COP28 climate conference held in Dubai last month, world leaders from over 130 national governments agreed to set a goal to triple world renewable energy installations by 2030. Success in meeting the tripling goal will hinge on this.”

Coal 101