Biofuel

Strategic Biofuels and Sumitomo Corporation of Americas Announce Major Investment Commitment

Retrieved on: 
Wednesday, February 7, 2024
Partnership, Environmental quality, LGF, FID, SLB, Caldwell Parish School Board, Joint, Sumitomo Corporation, Carbon, Port, Aviation, CO2, Natural Resources, Quality of life, Forestry, Fortune 500, SAF, EPA, Biofuel, Nature, Renewable energy

COLUMBIA, La. and NEW YORK, Feb. 7, 2024 /PRNewswire/ -- Strategic Biofuels, the leader in developing deeply negative carbon footprint renewable fuel plants, and Sumitomo Corporation of Americas (SCOA), a subsidiary of Sumitomo Corporation, a leading Fortune 500 global trading and business investment company dedicated to sustainability, announced today that they have entered into a Joint Development Agreement for the Louisiana Green Fuels (LGF) project at the Port of Columbia in Caldwell Parish, Louisiana. 

Key Points: 
  • In a decisive strategic shift related to the investment, Strategic Biofuels also unveiled plans to change its primary renewable fuel product to sustainable aviation fuel (SAF).
  • When the LGF project was first announced, Strategic Biofuels garnered recognition for the extraordinarily low carbon footprint of the planned renewable diesel fuel product.
  • "Our partnership with Strategic Biofuels is just another example of our commitment to support the energy transition within the Americas," said Sandro Hasegawa, General Manager, Energy Innovation Initiative Americas at SCOA.
  • This investment commitment from SCOA continues the path from 2023, which was a year of rapid project advancement for LGF.

National Corn Growers Association: Thousands of Farmers Across the Country Caution Biden Administration Against Solely Focusing on Electric Vehicles at Expense of Biofuels in Climate Fight

Retrieved on: 
Wednesday, February 7, 2024
Ethanol, Greenhouse gas, National Corn Growers Association, Congress, Legislation, Agriculture, Climate change, Biofuel, NCGA, Carbon, Farmer, EVS, EPA, Letter, Renewable energy

To help meet the standards, the president has set a goal that 50% of all vehicle sales will be electric by 2030.

Key Points: 
  • To help meet the standards, the president has set a goal that 50% of all vehicle sales will be electric by 2030.
  • A similar rulemaking is also being considered through the National Highway Traffic Safety Administration.
  • Corn growers have urged Congress to pass legislation that would allow for higher levels of ethanol blends year-round.
  • NCGA is also pushing to advance the Next Generation Fuels Act, which would lower fuel prices, reduce carbon emissions and help shore-up America's energy security.

FutureFuel Corp. Declares Quarterly Cash Dividend Program for 2024

Retrieved on: 
Tuesday, February 6, 2024
FF, Biofuel

CLAYTON, Mo., Feb. 06, 2024 (GLOBE NEWSWIRE) -- FutureFuel Corp. (NYSE: FF) ("FutureFuel”), a manufacturer of custom and performance chemicals and biofuels, today announced that it has declared its 2023 quarterly dividend program, declaring normal quarterly cash dividends of U.S. $0.06 per share, with the following record and payment dates:

Key Points: 
  • CLAYTON, Mo., Feb. 06, 2024 (GLOBE NEWSWIRE) -- FutureFuel Corp. (NYSE: FF) ("FutureFuel”), a manufacturer of custom and performance chemicals and biofuels, today announced that it has declared its 2023 quarterly dividend program, declaring normal quarterly cash dividends of U.S. $0.06 per share, with the following record and payment dates:

Carnival Corporation Announces Ambitious 2024 Greenhouse Gas Intensity Reduction Projections

Retrieved on: 
Tuesday, February 6, 2024
Particulates, CCL, Nitrogen, Sheepdog trial, Noise, Methanol, International Maritime Organization, Carnival Corporation & plc, HVAC, Friction, Biofuel, LNG, GHG, Carbon, Hydrogen, Ship, Fluid, Weather, Electricity, LED, ALS, Renewable energy

MIAMI, Feb. 6, 2024 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest cruise company, today announced it is on pace to achieve an overall 18% reduction in greenhouse gas (GHG) emission intensity on a lower berth capacity basis in 2024 (compared to 2019) – just a few points shy of its 20% reduction goal originally targeted for 2030. By year end, the company expects to have reduced its GHG emission intensity by an impressive 42% on a lower berth capacity basis since its first benchmark in 2008. The company also expects this performance to put it ahead of the International Maritime Organization's (IMO) 2030 carbon intensity reduction timeline.

Key Points: 
  • MIAMI, Feb. 6, 2024 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest cruise company, today announced it is on pace to achieve an overall 18% reduction in greenhouse gas (GHG) emission intensity on a lower berth capacity basis in 2024 (compared to 2019) – just a few points shy of its 20% reduction goal originally targeted for 2030.
  • The company also expects this performance to put it ahead of the International Maritime Organization's (IMO) 2030 carbon intensity reduction timeline.
  • Carnival Corporation is executing on two parallel paths to achieve these significant reductions.
  • Since cruise ships generate their electricity from fuel, Carnival Corporation set out to uncover every area where energy can be saved and cut the amount of fuel used.

Fueling the Future: Biofuels Global Market Soars to $125.9 Billion in 2023, Eyes $143.8 Billion by 2028: BCC Research Analyst

Retrieved on: 
Tuesday, February 6, 2024
Carbon, Nature, Ethanol, Plant, Growth, Research, Incentive, Transport, International finance, Biofuel, Low-carbon fuel standard, LCFS, Air travel, SAF, Renewable energy

BOSTON, Feb. 6, 2024 /PRNewswire/ -- Discover the amazing world of Biofuels: Global Markets – where nature and technology team up for a cleaner planet! Dive into the story of renewable energy that's changing the game globally. Learn how biofuels are making our world greener and energy smarter. It's not just about fuel; it's about a brighter, cleaner future for us all. This is the story of how biofuels are changing the way we power our world, making it greener and more sustainable. Get ready to explore the exciting global market of biofuels and the positive impact it's having on our planet.

Key Points: 
  • This is the story of how biofuels are changing the way we power our world, making it greener and more sustainable.
  • Get ready to explore the exciting global market of biofuels and the positive impact it's having on our planet.
  • The final sections showcase a competitive landscape of the global biofuel market and explore emerging technologies in the sector.
  • These measures contribute to the growth of the biofuels market, fostering a cleaner and more environmentally friendly energy sector.

Biofuel Market Forecast to Reach $216.05 Billion by 2028 with Emerging Asia-Pacific Growth - ResearchAndMarkets.com

Retrieved on: 
Monday, February 5, 2024
Other Energy, Utilities, Environment, Oil, Gas, Sustainability, Alternative Energy, Energy, Consumption, Ethanol, COVID-19, Growth, Biodiesel, Map, Transport, Biofuel, Biorefinery, Carbon, Air travel, Renewable energy

The global biofuel market is poised for significant growth with a forecast to reach an impressive $216.05 billion by 2028, driven by technological advancements, supportive government policies, and shifting trends towards sustainability.

Key Points: 
  • The global biofuel market is poised for significant growth with a forecast to reach an impressive $216.05 billion by 2028, driven by technological advancements, supportive government policies, and shifting trends towards sustainability.
  • The study includes a forecast of societal shifts towards more sustainable transportation, highlighting significant growth in biofuel consumption potentially reaching 279.88 billion liters by 2028.
  • On the production front, the global biofuel market is forecasted to hit 119.68 billion liters in 2023.
  • This comprehensive report offers valuable insights for stakeholders and delineates a clear map of the biofuel market's prospective journey through 2028.

Global Lignofuels Market Analysis and Forecast 2023-2032 - Sustainability Standards Playing a Vital Role in Promoting Lignofuels - ResearchAndMarkets.com

Retrieved on: 
Monday, February 5, 2024
Sustainability, Alternative Energy, Energy, Environment, Policy, Airbus, Growth, IRENA, European, RFS, Research, Biofuel, RED, Ecosystem, Region, International Renewable Energy Agency, Renewable energy, Aviation, Boeing

The "Lignofuels Market - A Global and Regional Analysis: Focus on Source, Processing Technology, End User, and Region - Analysis and Forecast, 2023-2032" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Lignofuels Market - A Global and Regional Analysis: Focus on Source, Processing Technology, End User, and Region - Analysis and Forecast, 2023-2032" report has been added to ResearchAndMarkets.com's offering.
  • Ongoing research and developmental endeavors have yielded more sophisticated processes for lignofuels' production, enhancing their cost efficiency and effectiveness thereby propelling market expansion.
  • Within the European Union, the Renewable Energy Directive (RED II) establishes targets for renewable energy in transport, promoting the adoption of biofuels and lignofuels.
  • European Union's Renewable Energy Directive II: The EU RED II establishes binding targets for the incorporation of renewable energy in transport, promoting lignofuels.

Powell Industries Announces Fiscal 2024 First Quarter Results

Retrieved on: 
Tuesday, January 30, 2024
POWL, Powell Industries, Security (finance), Growth, Biofuel, Internet, Petrochemical, Carbon, Hydrogen, Investment, Commercial, Fiscal, Utility, Traction, Risk

HOUSTON, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom-engineered solutions for the management, control and distribution of electrical energy, today announced results for the Fiscal 2024 first quarter ended December 31, 2023.

Key Points: 
  • HOUSTON, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom-engineered solutions for the management, control and distribution of electrical energy, today announced results for the Fiscal 2024 first quarter ended December 31, 2023.
  • Cope, Powell’s Chairman and Chief Executive Officer, stated, “Our first fiscal quarter was very much a continuation of the trends and strong results that we saw in our fourth quarter.
  • Gross profit totaled $48.2 million, or 24.8% of revenue, compared to $52.0 million, or 24.9% of revenue, in the fourth quarter of Fiscal 2023 and compared to $19.5 million, or 15.3% of revenue, in the first quarter of Fiscal 2023.
  • Powell Industries, Inc., headquartered in Houston, designs, manufactures and services custom-engineered equipment and systems for the distribution, control and monitoring of electrical energy.

Europe Wind-assisted Propulsion Market Analysis and Forecast Report 2023: Market to Grow at a Staggering CAGR of 83.22% to 2032 with Econowind, Airseas, Norsepower, and bound4blue Dominating - ResearchAndMarkets.com

Retrieved on: 
Thursday, February 1, 2024
Alternative Energy, Maritime, Energy, Transport, Investment, Ship, Algorithm, Climate change, Biofuel, Weather, Benchmarking, GHG, Carbon, Wind, Renewable energy

The "Europe Wind-assisted Propulsion Market: Analysis and Forecast, 2023-2032" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Europe Wind-assisted Propulsion Market: Analysis and Forecast, 2023-2032" report has been added to ResearchAndMarkets.com's offering.
  • The wind assisted propulsion market in Europe refers to the use of wind energy to aid in the propulsion of ships and other vessels.
  • The favored strategy for the companies has been business partnerships to strengthen their position in the Europe wind-assisted propulsion market.
  • Key players in the Europe wind-assisted propulsion market analyzed and profiled in the study involve wind-assisted propulsion manufacturers and the overall ecosystem.

Global Biofuel Market Forecast to 2028, Featuring Ineos, Cosan, Vereinigte BioEnergie, Repsol, Green Plains, Neste, CropEnergies, POET & Cargill

Retrieved on: 
Friday, February 2, 2024
Consumption, Ethanol, COVID-19, Growth, Biodiesel, Sustainability, Map, Transport, Biofuel, Biorefinery, Carbon, Air travel, Renewable energy

The global biofuel market is poised for significant growth with a forecast to reach an impressive $216.05 billion by 2028, driven by technological advancements, supportive government policies, and shifting trends towards sustainability.

Key Points: 
  • The global biofuel market is poised for significant growth with a forecast to reach an impressive $216.05 billion by 2028, driven by technological advancements, supportive government policies, and shifting trends towards sustainability.
  • The report segments the biofuel market based on type, highlighting Ethanol, Biodiesel, and others.
  • On the production front, the global biofuel market is forecasted to hit 119.68 billion liters in 2023.
  • Given the global emphasis on reduced carbon footprints and increased eco-friendly air travel, this segment is promising for market growth.