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Aether Fuels announced it secured $34 million in Series A financing led by AP Ventures, with participation from Chevron Technology Ventures and others. The company plans to use the capital to scale its Aether Aurora technology for sustainable aviation and shipping fuels, including building a 100 gpd test plant.
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SABA reported that nearly 20 corporate customers agreed to purchase SAFc for 50 million gallons of SAF, representing 500,000 tons of CO2e abatement and a $200 million investment over five years. The organization answered questions on price variation, equitable allocation, future procurement plans, and interim guidance for using SAFc toward corporate climate targets.
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The European Biodiesel Board published its 2024 manifesto outlining legislative priorities for the EU biodiesel industry. It recommends strategic reviews, integrated decarbonisation policies, and strict trade enforcement to support a 'Made in Europe' transition.
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The European Biodiesel Board welcomed the European Commission's adoption of the revised RED Annex IX, which adds new feedstocks like intermediate crops. EBB noted that clear definitions are needed for verification and criticized the split regulatory treatment based on fuel use.
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Jet Zero Australia secured $29 million in funding from Idemitsu, Qantas, and Airbus to advance its Alcohol-to-Jet SAF project in North Queensland. The investment supports Project Ulysses, which targets 102 million litres of annual SAF production, marking Idemitsu's first overseas SAF investment.
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Aether Fuels appointed Elie Fayad, Richard Zhang, and Xiaodong Zhan to key R&D leadership roles to advance its sustainable fuel technology. The executives, based in Illinois, will drive scale-up and commercialization for aviation and shipping sectors.
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Jet Zero Australia and Apeiron Bioenergy have formed a proposed 50:50 joint venture to develop low-carbon feedstocks for Sustainable Aviation Fuel. The partnership received grant funding from Enterprise Singapore and DFAT under the Go-Green Co-Innovation Program to progress feasibility studies.
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Jet Zero Australia appointed Mac Irvine as CFO and Rick Koumouris as Non-Executive Director in February 2024. The company stated these hires strengthen leadership as Project Ulysses targets Front End Engineering and Design and progresses towards Final Investment Decision.
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Aether Fuels and GTI Energy announced a partnership and exclusive licensing deal to commercialize sustainable fuels for aviation and ocean shipping. The collaboration builds on GTI's gas-to-liquid technology, with a 100-gallon-per-day pilot line set to begin construction in March 2024.
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Jet Zero Australia published its first sustainability report aligned with UN SDGs and joined the Roundtable on Sustainable Biomaterials (RSB). The company stated this demonstrates its commitment to third-party certification for future Sustainable Aviation Fuel production.
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LanzaJet announced the grand opening of Freedom Pines Fuels in Soperton, Georgia, the world's first alcohol-to-jet sustainable aviation fuel production facility. The plant will produce 10 million gallons of SAF and renewable diesel annually from ethanol, with support from US government officials.
Why it matters:Announces the grand opening of the first commercial alcohol-to-jet SAF plant in the US.
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Jet Zero Australia attended the groundbreaking of LanzaJet's Freedom Pines Fuels Project in Georgia, its first commercial-scale ATJ plant producing 38M litres of SAF annually. This milestone de-risks Jet Zero's larger Project Ulysses in North Queensland, which targets 102M litres of SAF per year using LanzaJet's technology.
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The European Biodiesel Board (EBB) announced it is shifting its focus to an anti-dumping case against Chinese biodiesel imports. This follows its reported success in halting suspected re-exporting of Indonesian biodiesel via China's Port of Hainan.
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The European Biodiesel Board (EBB) initiated anti-dumping proceedings against Chinese biodiesel imports in December 2023. The DG TRADE Office of complaint announced the opening of the investigation following EBB's official complaint in November.
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Aether Fuels announced US$8.5 million in pre-Series A financing via convertible notes from JetBlue Ventures, TechEnergy Ventures, Doral Energy Tech Ventures, Foothill Ventures, and Xora Innovation. The company will use the funds to accelerate technology development, expand its Chicago demo facility, and grow its global team.
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JGC Holdings broke ground on a green ammonia pilot plant in Namie, Fukushima, on October 31, 2023, to demonstrate production technology using renewable energy. The joint project with Asahi Kasei, funded by NEDO, targets a 4-ton daily capacity with startup expected within FY2024.
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JGC Holdings announced the formulation of its Green Bond Framework and submitted a shelf registration for its inaugural green bond. The planned JPY 10 billion issuance, due in September 2023, will fund projects in sustainable aviation fuel, CO2 polymer synthesis, and silicon nitride substrates.
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EU negotiators reached a deal on the RED III revision on 30 March 2023, setting a 42.5% renewables target and a 14.5% transport GHG reduction target for 2030. The European Biodiesel Board welcomed the outcome, noting the maintained crop-based biofuel cap and stable framework for biodiesel.
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The European Biodiesel Board (EBB) stated that the European Commission's statement on the revised EU CO2 emission standards for new cars and vans only refers to e-fuels and excludes non-synthetic renewable solutions like biodiesel. EBB regrets the Commission's failure to recognise biodiesel's role in reducing transport CO2 emissions and plans to engage with the Commission to ensure biodiesel is considered in upcoming carbon-neutral fuel definitions and heavy-duty vehicle standards.
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Aether Fuels appointed Sanjiv Dabee and Steve Liang as Vice Presidents of Engineering to lead its Americas and Asia teams. The executives bring over 60 years of combined experience in developing large-scale fuel production facilities.
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JGC Holdings and JANUS signed an MOU with Gas Malaysia Bhd to jointly study sustainable palm oil industry development in Malaysia. The project aims to convert palm oil mill effluent, empty fruit bunches, and waste wood into biomethane, pellet fuel, biocrude oil, and biochemicals to reduce emissions and enhance resource utilization.
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Breakthrough Energy announced a $50 million Catalyst grant for LanzaJet’s Freedom Pines Fuels plant in Soperton, GA. The facility, projected to be operational in 2023, will produce nine million gallons of Alcohol-to-Jet SAF annually, claiming at least 70% lower emissions than fossil jet fuel.
Why it matters:Announces a $50 million grant for the first commercial Alcohol-to-Jet SAF plant, highlighting a key milestone in sustainable aviation fuel deployment.
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Sasol and ArcelorMittal South Africa announced a joint development agreement to study green hydrogen production in Saldanha and carbon capture utilization in Vaal. The partnership aims to decarbonize steel production and produce sustainable fuels, with Sasol also signing an MOU with Freeport Saldanha to develop a green hydrogen hub.
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JGC Holdings announced the establishment of Sustainable Solutions by JGC Corporation on September 1, 2022. The unit targets overseas low-carbon initiatives like hydrogen, SMRs, and SAF, starting with 70 employees and aiming for 100 by fiscal 2023.
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Pertamina, Osaka Gas, JGC, and INPEX signed a joint study agreement to assess the feasibility of a bio-methane project in Indonesia using palm oil mill effluent. The study aims to support clean energy supply, reduce emissions, and explore bio-LNG export opportunities, aligning with Japan's Asia Energy Transition Initiative.
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JGC Holdings signed a basic agreement with Taiyo Oil on November 30, 2021, to jointly study Japan's first green refinery project utilizing forest resources. The feasibility study, starting in 2022, aims to produce biofuels from woody biomass in Shikoku to reduce carbon emissions.
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JGC Corporation and JGC Japan Corporation were selected by Japan's METI to conduct a feasibility study on green hydrogen and ammonia production in Azerbaijan. The project aims to develop solar and wind-powered infrastructure and formulate a roadmap for large-scale green ammonia production and export.
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Japan's Ship Carbon Recycling Working Group confirmed that carbon-recycled methane can be recognized as zero-emission ship fuel. The group published a technical paper in the Journal of the Japan Institute of Marine Engineering detailing the evaluation.
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Nine Japanese companies launched the Ship Carbon Recycling Working Group within the CCR Study Group to explore methanation technology for zero-emission ship fuels. The group aims to assess the feasibility of a carbon recycling supply chain to reduce greenhouse gas emissions in sea transportation.