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Sumitomo invests in Inherit, a pioneer in CO2 removal from biogas

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By Sumitomo Corp.

January 23, 2024

BiogasBusinessCarbon Capture

Sumitomo Corp. Europe Ltd. (SCEU) and Inherit Carbon Solutions AS jointly announce that Sumitomo Corp. has made a strategic investment in Inherit, a pioneer in biomass-derived carbon dioxide removal (CDR).

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Lallemand Biofuels & Distilled Spirits on Jan. 23 announced a partnership with Braskem to jointly develop renewable chemicals. The two companies will first explore products for the solvents segment.

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Long Beach Airport has announced the availability of sustainable aviation fuel (SAF) for use by general aviation jets. This eco-friendly alternative is now offered through Atlantic Aviation, one of two fixed-base operators at the airport.

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The U.S. EIA expects average U.S. retail gasoline prices to decrease in 2024 because of increased inventories related to increased refinery capacity. In 2025, slightly reduced gasoline consumption is expected to further decrease prices.

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The U.S. EPA published updated renewable identification number (RIN) data on Jan. 18, reporting that nearly 23.75 billion RINs were generated under the Renewable Fuel Standard in 2023, up from 21.35 billion RINs generated in 2022.

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The U.S. EPA on Jan. 18 released updated small refinery exemption (SRE) data, reporting that eight new SRE petitions have been filed under the Renewable Fuel Standard in the past month. A total of 15 SRE petitions are now pending.

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The American Biogas Council announced on Jan. 17 the results of its annual board election. Nathalie Hoffman, Brian Langolf, Charles Love, Bernard Sheff and Mark Stoermann were re-elected. Newy elected Shannon Baucom also joins the board.

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The Canada Infrastructure Bank on Jan. 17 announced it will provide Azure Sustainable Fuels Corp. with C$8.4 million to support a front-end engineering and design (FEED) study for sustainable aviation fuel (SAF) production in Canada.

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Ag-Grid Energy LLC has begun operations at its anaerobic digester at Lent Hill Dairy Farm in Cohocton, New York. A partnership between Ag-Grid and Lent Hill, the digester is Ag-Grid Energy’s fifth operating waste-to-energy facility.

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The U.K. government on Jan. 16 approved plans for Drax Power Ltd.’s proposed bioenergy with carbon capture and storage (BECCS) project that will capture carbon dioxide emissions from up to two existing biomass units at Drax Power Station.

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Cathay announced that cargo customers Dimerco Express Group and Yusen Logistics and non-governmental organization (NGO) partner Business Environment Council have joined its Corporate Sustainable Aviation Fuel Program.

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Legislation introduced in the New Mexico House of Representatives on Jan. 3 aims to establish a technology-neutral clean transportation fuel standard that would reduce the carbon intensity of transportation fuels by at least 30 percent by 2040.

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The International Energy Agency released a new report on Jan. 11, Renewables 2023, predicting that global biofuel demand will expand by 38 billion liters (10.4 billion gallons) between 2023 and 2028.

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The U.S. Department of Commerce’s International Trade Administration has announced its Renewable Energy and Energy Efficiency Advisory Committee will hold an in-person meeting on Jan. 25 in Washington, D.C.

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Clean Energy Fuels Corp. announced that it has completed a new RNG production facility at Drumgoon Dairy in Lake Norden, South Dakota. The 6,500-cow dairy farm is expected to supply 1.66 million gallons of negative carbon-intensity RNG annually.

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NYC took a monumental step towards clean air and a sustainable future on Jan. 11 with the grand opening of the city's first retail fuel station dispensing renewable diesel. The project is a collaboration between Sprague and Sonomax.

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The Low Carbon Fuels Coalition, a leader in advocating for an all-of-the-above approach to decarbonize the transportation sector, has appointed Robin Vercruse as its new executive director, effective Jan. 1, 2024.

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Spire and KC Water are partnering on Kansas City, Missouri's first renewable natural gas (RNG) facility, a project that will capture methane emissions from the wastewater treatment process to generate renewable energy.

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Korean Air has partnered with Yusen Logistics, a global logistics company, to further promote the use of SAF in the air cargo industry. The two companies signed a SAF cooperation program agreement at the Yusen Logistics headquarters in Tokyo.

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A study released by Decision Innovation Solutions on Jan. 11 shows the Midwest stands to benefit greatly if the SAF goal of 35 billion gallons by 2050 is met, as two of the most likely SAF feedstocks would be soybean oil and corn.

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Prairie Clean Energy in 2023 received a $1.2 million grant to support its flax straw-to-pellets project. As part of that project, the company is now partnering with the Sustainability-Led Integrated Centres of Excellence at Saskatchewan Polytechnic.

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Pacolet Milliken LLC announced on Jan. 9 it has acquired 100 percent of Piedmont Green Power from an affiliate of Atlantic Power & Utilities. Piedmont is a 55 MW biomass-fired power plant located in Barnesville, Georgia.

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Brussels Airport Co. has announced it will be granting a special financial contribution to promote the use of SAF. The SAF will be available to all airlines for all flights taking off from Brussels Airport in 2024.

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Waga Energy has signed a commercial agreement with Decatur Hills Landfill, one of the landfills associated with Best Way Disposal, a family-owned waste management company based in Kalamazoo, Michigan, to produce RNG at the Greensburg landfill.

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Fully committed to the reduction of its environmental impact, Air France-KLM aims to lead the way in the incorporation of sustainable aviation fuel (SAF) and to support the development of SAF production capabilities around the world.

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Growth Energy has filed two petitions for rehearing with the Fifth Circuit Court of Appeals regarding the Court’s 2023 decision on small refinery exemptions (SREs) under the Renewable Fuel Standard.

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The Renewable Fuels Association on Jan. 8 filed a petition with the Fifth Circuit Court of Appeals requesting a rehearing related to a November 2023 court decision on small refinery exemptions (SREs) filed under the Renewable Fuel Standard.

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Comstock Inc. on Dec. 19 announced that its biointermediate refining technology partner, RenFuel K2B AB, was awarded a Swedish Energy Agency grant to demonstrate an enhancement of RenFuel’s patented catalytic esterification processes to produce SAF.

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A new government report focuses on advancing biotechnology; improving U.S. data infrastructure and accessibility; and sustainably growing the bioeconomy across the nation's climate, energy, biomanufacturing, health, agricultural, and environment sectors.

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Wizz Air, Europe’s fastest growing and most environmentally sustainable airline globally, has invested £5 million in a biofuel company, Firefly. This is Wizz Air’s first equity investment in sustainable aviation fuel (SAF) research and development.

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