Outokumpu invests in waste wood-utilising biocarbon plant
Dec 9, 2024 · Outokumpu, a leader in sustainable stainless steel has decided to invest EUR 40 million for building a high quality biocarbon production plant in Germany. Approximately EUR 10 million of the capital expenditure is included in the CAPEX frame related to Outokumpu’s second strategy phase and the company remains committed …
Drax’s new Elimini enterprise eyes “20 potential BECCS sites” in …
Sep 25, 2024 · Drax has launched Elimini, a new US-based business with an ambition to be a leader in carbon removals. The company is dedicated to permanently removing carbon from the atmosphere while generating renewable, 24/7 power. By advancing bioenergy with carbon capture and storage (BECCS) in the United States and beyond, the new company expects to …
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…
Nortegas Group receives €80m EU grant for biomethane plants
Nov 29, 2024 · The European Investment Bank (EIB) has granted Nortegas Group a framework financing of up to €80 million to enable group subsidiary Nortegas Renovables to finance the construction of biomethane plants in Spain and launch a digital operations centre. The EIB and InvestEU-financed project will enable the development of the …
bioconstruct announces “one of its biggest contracts” yet for UK ...
Oct 8, 2024 · bioconstruct has announced one of its biggest contracts in its corporate biogas history to date in the UK. The company has been commissioned to build a biomethane injection plant, as well as electricity and heat production, near Liverpool in England. The facility will be one of the most advanced of its kind in Europe and…
ADBA: “hundreds of small green gas plants” to close by 2031
Nov 18, 2024 · Hundreds of small green gas plants in the UK are set to close by 2031 with the loss of 2 terawatt hours of clean electricity to the grid – enough clean electricity to power around 500,000 homes, according to the Anaerobic Digestion and Bioresources Association (ADBA). The closures have been revealed in a survey of…
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…
Italgas’ €1bn investment in Greek gas infrastructure prioritises ...
Dec 9, 2024 · Italgas has announced a total investment of €1 billion in Greece as part of the Group’s 2024-2030 Strategic Plan. This programme will be delivered by its subsidiary Enaon, focusing on four main pillars to support Greece’s ongoing ecological transition. It will methanise areas not yet connected to the gas distribution network, thus contributing to the…
EBA: Europe produced 22bcm biogas and biomethane last year
Dec 5, 2024 · Combined biogas and biomethane production in 2023 amounted to 22 bcm, according to the 14th edition of the Statistical Report published by the European Biogas Association. This is more than the entire inland natural gas demand of Belgium, Denmark and Ireland combined, and represents 7% of the natural gas consumption of the European Union in…
Enviva enters final steps of bankruptcy as NYSE delisting looms
Oct 15, 2024 · The New York Stock Exchange will delist Enviva’s stock by October 22, reported Lesprom. This marks the company’s decline, following a 2022 market valuation of almost $6 billion. Enviva’s financial difficulties emerged from a failed bet on pellet prices, which ultimately caused its bankruptcy and wipted out shareholders. Initially, the company had offered shareholders a…