
Panoramic view of Yatsushiro Biomass Power Plant. / SOURCE: Toyota Tsusho Corp.
June 21, 2024
BY Erin Voegele
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Neste is marking two significant milestones: the 15th anniversary of its renewable products refinery in Singapore and the 60th anniversary of its Porvoo refinery in Finland. Both facilities currently produce renewable fuels.
Drax Group plc on Nov. 5 confirmed it has signed a contract with the U.K. government that will provide transitional support for all four of the biomass units at Drax Power Station from April 2027 through March 2031.
Marathon Petroleum Corp. on Nov. 4 announced its renewable diesel segment achieved increased capacity utilization during the third quarter. The segment, however, reported a significant EBTIDA loss on weak margins.
ADM on Nov. 4 released Q3 financial results, reporting a profitable three-month period for its ethanol operations on improved margins. Overall company operations, however, were negatively impacted by biofuel policy and trade uncertainty.
PowerWood Canada Corp. on Nov. 3 announced it is progressing with plans to build two facilities in Northern Alberta which will convert forest fire deadwood into biofuel used to replace coal in Japanese power plants.