June 2, 2025
BY Ameresco Inc.
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Norwegian Cruise Line Holdings Ltd. and Repsol on Oct. 20 announced a landmark 8-year agreement to supply renewable marine fuels at the Port of Barcelona, establishing an unprecedented long-term relationship within the cruise industry.
Par Pacific Holdings Inc. on Oct. 21 announced the successful closing of Hawaii Renewables LLC, a joint venture to construct a renewable fuels facility and produce renewable fuels at Par Pacific’s refinery in Kapolei, Hawaii.
Airbus and the Cathay Group on Oct. 21 announced a joint investment of up to US$70 million to accelerate the development of sustainable aviation fuel (SAF) production in Asia and globally.
Valero Energy Corp. on Oct. 23 released Q3 results, reporting a profitable three-month period for its ethanol segment on record high production. Valero’s renewable diesel segment, which also includes SAF, reported a loss for the quarter.
The Global CCS Institute on Oct. 9 released its Global Status of CCS 2025 report, which shows progress in the CCS sector continues despite global headwinds, with seven new biofuel and bioenergy CCS projects currently under construction.