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bp ventures invests $10M in waste-to-biomethanol company WasteFuel; offtake MoU

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bp ventures has committed $10 million, leading the Series B investment round, in WasteFuel , a California-based biofuels company that will use proven, scalable technologies to convert bio-based municipal and agricultural waste into lower carbon fuels, such as biomethanol. billion metric tons by 2050.

Waste 284
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Aemetis signs $3B, 10-year supply agreement for 450M gallons of renewable diesel with industry-leading travel stop company

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Aemetis, a renewable fuels company focused on negative carbon intensity products ( earlier post ), has signed a 10-year, 450-million-gallon renewable diesel supply agreement with an industry-leading travel stop company, which is expected to generate more than $3 billion in revenue. Combined with $2.1

Renewable 321
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Neste and CIM collaborate to supply sustainable aviation fuel to France to support SAF blending obligations

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Neste and CIM, part of NOVEN Group in France, the leading independent French group of companies providing oil storage and supply services, are collaborating to enable the supply of Neste MY Sustainable Aviation Fuel into France.

France 410
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Doosan Heavy Industries & Construction partners with RevoTech on production of hydrogen from waste plastic

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Korea’s Doosan Heavy Industries & Construction has embarked on the development of technology for producing hydrogen using waste plastic and vinyl. The company has signed a business partnership MOU with RevoTech, a company that specializes in the continuous pyrolysis of waste plastic. —Doosan Heavy CSO Yongjin Song.

Waste 320
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Raven SR to supply sustainable aviation fuel to ANA and JAL

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Raven SR signed memoranda of understanding (MOU) to supply sustainable aviation fuel (SAF) to All Nippon Airways (ANA) and to Japan Airlines (JAL) for major global routes. Each MOU provides for an initial 50,000 tons of SAF supply in the first year, 2025, with annual incremental increases to 200,000 tons for year 10.

Supplies 210
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Neste celebrates opening of €1.6B Singapore expansion; SAF supply chain to Changi Airport

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In addition to increased production capacity, the enhanced raw material pre-treatment capacity onsite increases Neste’s capability to process more challenging waste and residue raw materials. Integrated SAF supply chain to Singapore Changi Airport. Amsterdam (AMS) in the Netherlands, and Helsinki Airport (HEL) in Finland.

Singapore 434
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GM and Glencore enter multi-year cobalt supply agreement

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Glencore and General Motors announced a multi-year sourcing agreement in which Glencore will supply GM with cobalt from its Murrin Murrin operation in Australia. The company will then expand into magnet manufacturing around 2025 at its new production facility in Fort Worth, Texas.

GM 459