South Korea-based chemical company LG Chem has been making several news headlines within the past few months as the company announced its intention to invest KRW10 trillion ($8.5 billion) in eco-friendly and high-growth materials by 2025. Over 30 projects including M&As, joint ventures, strategic investments focused on ESG-based business portfolio are currently being reviewed according … Continue reading
I can barely keep up with news and capacity announcement on renewable diesel/HVO (hydrotreated vegetable oil) so I’ll just mention two big ones that I came across last week. UPM said last week that it is moving forward with its biofuels growth plans and starts the basic engineering phase of a next-generation biorefinery, which would … Continue reading
Biorefineries for producing renewable diesel and associated hydrocarbons have been popping up like mushrooms all over the world and it is more interesting when oil companies such as Total in Italy and now Phillips 66 in the USA are converting their old crude oil refineries into biorefineries. Phillips 66, a diversified energy manufacturing and logistics … Continue reading
Total announced last week that it has finally started up production of renewable diesel at its La Mède biorefinery in southeastern France, with the first batches of biofuel coming off the line. The biorefinery will produce 500,000 ton/year of hydrotreated vegetable oil (HVO) both for biodiesel and biojet fuel. The La Mède site was formerly … Continue reading
This news from Neste is well-timed as I just released my special report on global renewable diesel production (or what in the EU sometimes call hydrotreated vegetable oil or HVO production) in my December Biomaterials report published by Tecnon OrbiChem. Neste Corporation announced today its decision to invests around EUR 1.5 billion to expand Neste’s … Continue reading
Production of renewable diesel (processed via hydrocracking of fats and oils) continues to expand here in the USA as well as in Europe where large traditional oil and energy companies such as Neste, Valero, Total, Eni and now Phillips 66 are now becoming or have become major players. For those who are subscribers of Tecnon … Continue reading
Renewable diesel producers such as UPM and Neste are now in the bioplastic arena as more and more of their bio-naphtha is being used as feedstock to produce biomass balanced-based monomers such as ethylene and propylene. (For more on biomass balance, check out my last blog post: VIDEO: BASF’s new biomass-balance paints for automotive ) UPM’s … Continue reading
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JetBlue recently announced a ten-year purchase agreement with bioenergy company, SG Preston, for the purchase of renewable jet fuel produced from hydroprocessed esters and fatty acids (HEFA). For those who are unfamiliar with this type of fuel, it is mostly based on hydrotreated fats and oils comparable to Neste’s renewable fuel product. According to the … Continue reading
It seems ‘Brown’ has become green when UPS recently announced its plans to use up to 46 million gallons of renewable fuels over the next three years, a 15-fold increase over prior contracts, and making UPS one of the largest users of renewable diesel in the world. The agreement includes companies such as Neste, Renewable … Continue reading