UCO

AYA Platform of Enjinstarter Granted Virtual Asset Service Provider Licence by Dubai’s Virtual Assets Regulatory Authority

Retrieved on: 
Saturday, December 9, 2023

Web 3 Innovations FZE (trading as AYA), the Dubai entity of Enjinstarter, a leading Web3 launchpad and advisory company, today announced that it has been granted a Virtual Asset Service Provider (VASP) licence from Dubai’s Virtual Assets Regulatory Authority (VARA) to provide Virtual Asset Management and Investment Services.

Key Points: 
  • Web 3 Innovations FZE (trading as AYA), the Dubai entity of Enjinstarter, a leading Web3 launchpad and advisory company, today announced that it has been granted a Virtual Asset Service Provider (VASP) licence from Dubai’s Virtual Assets Regulatory Authority (VARA) to provide Virtual Asset Management and Investment Services.
  • The VASP licence process demonstrates our compliance with the VARA process as we leverage Web3 to help bridge the climate financing gap,” said Prakash Somosundram, co-founder and CEO of Enjinstarter and AYA Foundation.
  • “We are thankful to VARA for taking a collaborative approach towards understanding our business and working closely with us throughout the application process.
  • Ali received a grant from AYA, myco, and the Dubai Film Society to produce the film on sustainability and impact.

Bio-Based Naphtha: A Sustainable Solution Paving the Way for a $3.9 Billion Market - ResearchAndMarkets.com

Retrieved on: 
Monday, November 27, 2023

The global market for bio-based naphtha made remarkable strides in 2022, reaching an estimated worth of $1.4 billion.

Key Points: 
  • The global market for bio-based naphtha made remarkable strides in 2022, reaching an estimated worth of $1.4 billion.
  • The report delves into the segmentation of the global bio-based naphtha market, which is based on source, application, and geography.
  • In 2022, Europe spearheaded the global bio-based naphtha market, generating $734.2 million in revenue, thereby commanding a 52.0% share of the global market.
  • Insights into recent market trends, regulatory considerations, and developments in environmental, social, and governance (ESG) in the global bio-based naphtha market.

ACX launches biofuels physical trading platform in ADGM, Abu Dhabi

Retrieved on: 
Tuesday, November 28, 2023

This latest expansion is a major step forward in biofuels markets as it marks the first time that a regulated trading platform is available to trade 24/5 to support these markets.

Key Points: 
  • This latest expansion is a major step forward in biofuels markets as it marks the first time that a regulated trading platform is available to trade 24/5 to support these markets.
  • Introducing a trading platform for physical biofuels with innovative trading features, complements existing electronic windows where already over 3 million metric tonnes of biofuels are traded per year in Europe.
  • Some of the contracts, particularly FOB Northwest Europe, will be aligned to existing window-traded products, enabling a natural arbitrage," said Henri-Jean Bardon, Director of Biofuels Platform at ACX.
  • ACX is also introducing the first global physical SAF biofuels contract to facilitate trading upon the introduction of aviation fuel sustainability mandates in Europe that is starting January 1, 2025.

ACX launches biofuels physical trading platform in ADGM, Abu Dhabi

Retrieved on: 
Tuesday, November 28, 2023

This latest expansion is a major step forward in biofuels markets as it marks the first time that a regulated trading platform is available to trade 24/5 to support these markets.

Key Points: 
  • This latest expansion is a major step forward in biofuels markets as it marks the first time that a regulated trading platform is available to trade 24/5 to support these markets.
  • Introducing a trading platform for physical biofuels with innovative trading features, complements existing electronic windows where already over 3 million metric tonnes of biofuels are traded per year in Europe.
  • Some of the contracts, particularly FOB Northwest Europe, will be aligned to existing window-traded products, enabling a natural arbitrage," said Henri-Jean Bardon, Director of Biofuels Platform at ACX.
  • ACX is also introducing the first global physical SAF biofuels contract to facilitate trading upon the introduction of aviation fuel sustainability mandates in Europe that is starting January 1, 2025.

Global Bio-Based Naphtha Market Report 2023 with Profiles of Leading Players Eni, Diamond Green Diesel, Neste, Preem, Repsol and UPM Biofuels

Retrieved on: 
Wednesday, November 22, 2023

The global market for bio-based naphtha was estimated to be worth $1.4 billion in 2022.

Key Points: 
  • The global market for bio-based naphtha was estimated to be worth $1.4 billion in 2022.
  • Similar to conventional naphtha, bio-based naphtha is primarily used as a feedstock for petrochemical crackers or as a component in gasoline blending.
  • The Europe bio-based naphtha market generated $734.2 million in revenue in 2022, holding 52.0% of the global market.
  • The report analyzes the global bio-based naphtha market based on the segmentation of source and application.

Renewable Diesel Market Expected to Produce 3.70 Billion Gallons by 2023, with a Staggering 19.12% CAGR - ResearchAndMarkets.com

Retrieved on: 
Monday, October 23, 2023

The global renewable diesel market is on the cusp of a major transformation, poised to redefine the transportation fuel landscape.

Key Points: 
  • The global renewable diesel market is on the cusp of a major transformation, poised to redefine the transportation fuel landscape.
  • According to the report, the global renewable diesel market is expected to produce a staggering 3.70 billion gallons annually by 2023, demonstrating an impressive Compound Annual Growth Rate (CAGR) of 19.12% during the forecast period.
  • Simultaneously, global consumption is forecasted to reach 3.69 billion gallons by 2023, with a CAGR of 16.90% in the projected years.
  • The global renewable diesel market is characterized by key players who are driving innovation and growth.

Sustainability in Transportation: Renewable Diesel's Role in Meeting Surging Energy Demand

Retrieved on: 
Wednesday, October 18, 2023

The global renewable diesel market is on the cusp of a major transformation, poised to redefine the transportation fuel landscape.

Key Points: 
  • The global renewable diesel market is on the cusp of a major transformation, poised to redefine the transportation fuel landscape.
  • In-depth analysis is conducted across various segments:
    Europe, North America, and Asia Pacific take center stage in renewable diesel production.
  • Asia-Pacific's ongoing decarbonization initiatives are expected to play a pivotal role in driving renewable diesel adoption.
  • Europe's commitment to utilizing at least 14% renewable energy in road and rail transport by 2030 aligns with the Renewable Energy Directive-II (RED-II) goals.

Argus launches new European biopropane prices

Retrieved on: 
Tuesday, October 3, 2023

LONDON, Oct. 3, 2023 /PRNewswire/ -- Global energy and commodity price reporting agency Argus has launched European biopropane prices, completing its suite of prices covering the fast-expanding European market for hydrotreated biofuels.

Key Points: 
  • LONDON, Oct. 3, 2023 /PRNewswire/ -- Global energy and commodity price reporting agency Argus has launched European biopropane prices, completing its suite of prices covering the fast-expanding European market for hydrotreated biofuels.
  • The new daily price for biopropane joins Argus' existing European assessments for HVO (hydrotreated vegetable oil, also known as renewable diesel), SAF (sustainable aviation fuel) and bionaphtha.
  • The new Argus biopropane assessment is a daily delivered price to the Amsterdam-Rotterdam-Antwerp region offering a market-led price reference for the growing renewable LPG market.
  • Argus Media chairman and chief executive Adrian Binks said: "European production of biopropane is set to grow dramatically in line with rising demand for HVO and SAF.

Pertamina's Innovations Support Energy Transition in Indonesia

Retrieved on: 
Wednesday, August 23, 2023

New Delhi, India, Aug 23, 2023 - (ACN Newswire) - As a state-owned energy company, PT Pertamina (Persero) continues to develop technological innovations for operational decarbonization to support Indonesia's energy transition.

Key Points: 
  • New Delhi, India, Aug 23, 2023 - (ACN Newswire) - As a state-owned energy company, PT Pertamina (Persero) continues to develop technological innovations for operational decarbonization to support Indonesia's energy transition.
  • [Image: Pertamina]
    Oki Muraza explained that Pertamina's operational decarbonization is focused on Carbon Capture Utilization and Storage (CCUS/CCS) technology development and Biofuel.
  • Oki continued that in addition to carbon capture and utilization technology to support the energy transition, Pertamina is also committed to developing Bio Refineries or Green Refineries to produce more environmentally friendly fuels.
  • According to Oki, the Covid-19 pandemic and geopolitical tensions have significantly impact global energy price volatility, supply shortages, security issues, and economic uncertainties, causing a shift in the short-term focus of energy transition towards energy resilience.

Apeiron Bioenergy Raises S$50 million through an Investment Grade Green Bond, the First Bioenergy-Focused SGD Bond Issuance in Asia

Retrieved on: 
Monday, June 26, 2023

Rated AA by S&P Global Ratings, the privately placed bond was well-received by investors and was oversubscribed despite a challenging macro environment.

Key Points: 
  • Rated AA by S&P Global Ratings, the privately placed bond was well-received by investors and was oversubscribed despite a challenging macro environment.
  • The green bond was issued at par and bears a coupon rate of 4.487% with HSBC as the sole lead manager.
  • This will allow Apeiron to expand our operations and maintain our position as a leader in the bioenergy sector.
  • Sean Henderson, Co-Head of Debt Capital Markets, Asia-Pacific at HSBC said, "We are pleased to have supported this landmark transaction for Apeiron, the first ever SGD bond issuance from the bioenergy industry in Asia.