RExus Bioenergy receives loan for Google-powering biomass plant
Nov 4, 2024 · DBS, in partnership with renewable power generator RExus Bioenergy, has announced the company’s first green loan to finance the construction of a biomass power plant in Jurong, Singapore. Upon completion in the second half of 2026, the RExus waste wood-to-energy plant will also explore the potential of carbon capture technology in advancing Singapore’s net-zero ambitions.…
Willand Biogas’ Somerset plant collapses into administration
Nov 21, 2024 · Willand Biogas’ plant by the Somerset border has entered administration, having failed to secure funds to rescue its operation. Accounts for 2022 showed it was more than £23 million in debt, as well as subject to a £38.75 million loan. Administrators at London-based restructuring and recovery specialists Moorfields Advisory Ltd are attempting to sell the…
Fulcrum BioEnergy files for bankruptcy protection
Sep 13, 2024 · Fulcrum BioEnergy, Inc., a California-based company, has filed for Chapter 11 bankruptcy protection in a Delaware court. Backed by companies including WM and Marathon Petroleum, the organisation had pledged to run the US’ first waste-to-sustainable fuel factory on a commercial basis. It opened a facility in Nevada in 2022. Marathon is owed $858,925 and WM…
Eni seeks investors for its biomethane operation
Oct 21, 2024 · Supermajor oil company Eni has tasked French investment bank Natixis with finding investors to purchase a minority stake in its biomethane operation, Enibioch4in. According to Corriere della Sera, the Italian oil giant is seeking investors to acquire up to 49% of Enibioch4in. The report states the search is in its early stages, as no valuation…
RNG Coalition welcomes Section 48 ITC final rule
Dec 5, 2024 · The Coalition for Renewable Natural Gas (RNG Coalition) has welcomed the U.S. Department of the Treasury’s issuance of the final rulemaking on the Section 48 Investment Tax Credit (ITC) expanded under the Inflation Reduction Act (IRA). The updated regulations represent a significant step forward for the biogas and renewable natural gas (RNG) industries in North…
Berkes brings BWE to new heights | Bioenergy Insight Magazine
Oct 7, 2024 · In 2021, Berkes acquires Burmeister & Wain Energy (BWE), a company with almost 180 years of history and solid experience in the design and manufacturing of steam boilers. This acquisition has represented a turning point for Berkes, enabling the company to enter new markets and expand its footprint across Europe and other strategic regions. The…
Federal bp grant enables biomass-to-SAF production in Washington
Sep 2, 2024 · bp America’s Cherry Point Refinery in Blaine in Washington State will receive a federal grant of $26,763,504 to build infrastructure and buy equipment to allow it to produce sustainable aviation fuel (SAF) for the first time, using renewable biomass feedstocks. bp estimates being able to produce 10 million gallons of SAF per year. The large…
Tages Capital completes €375m acquisition of four biogas plants
Oct 30, 2024 · Tages Capital SGR has completed the acquisition of a portfolio of four biogas production plants, which will be converted to biomethane production by 2026. This is the first investment in a biomethane production portfolio by the Tages Helios Net Zero fund, which, with the recent closing, has reached €375 million, mainly from institutional investors.
abrdn reaches financial close on UK AD facility
Sep 20, 2024 · abrdn Global Sustainable Infrastructure Partners IV LP (aGSIP) and The Circular Economy Development Ltd (TCED) have achieved financial close on a greenfield anaerobic digestion plant in Deeside, on the England-Wales border. The initiative aims to remove landfill waste and produce renewable energy while removing CO2 …
Jemena steps up biomethane activity with new MOU
Oct 25, 2024 · Australian energy infrastructure group Jemena has signed an MOU with Sojitz, a Japanese general trading and investment company. Under the MOU, Jemena and Sojitz will work together to assess the feasibility of developing several new biomethane plants across regional New South Wales in Australia, which will turn agricultural …