Renewable Fuels

Diego Pardow, Minister of Energy for Chile, said on Wednesday that the country will reduce its green-hydrogen production targets due to a decline in global market prospects. Pardow, in an interview during Energy Week Santiago, said that the adjustment will be published before March 2026, the end of current administration's term. He said that "the international market for green hydrogen has cooled down a bit." The reduction would be in line with European nations that have reduced their goals. This trend is mirrored by developers all over the world who are cancelling their projects and reducing investment. Pardow stated that...

AB Volvo, a European truckmaker rival, and Daimler Truck, a European truck manufacturer, hope to reduce costs and rely less on suppliers through collaborating on implementing a software defined vehicle program. Like automakers, truck and fleet manufacturers are racing to create vehicles with advanced technology while also battling the need to cut costs. Daimler-Volvo's new venture, Coretura, aims to reduce this dependence by developing a software defined vehicle platform. Daimler Trucks CEO Karin Radstrom said that the companies were looking to create a "standard industry". Radstrom stated that they are looking to see how to move away from the current...

The French Ministry of Agriculture on Tuesday reduced its estimate for the soft wheat harvest in 2025 to 4,60 million hectares, down from the estimated 4.63 million hectares in April. This is still 9.1% higher than last year's drought-hit harvest. The ministry's forecast for total barley sown (winter and early spring) remained virtually unchanged, at 1,74 million hectares. The crop ratings of wheat and barley, as estimated by FranceAgriMer farm office, have remained higher than last year's levels hit by rain. However, the dryness in north France is a growing concern as crops move into crucial yield-determining stages. Analysts and...

Due to high tariffs, China's exports of used cooking oil to the United States - its biggest buyer - are expected to plummet in the coming months. Sellers will be forced to divert shipments elsewhere or to Europe, according to industry players. The Trump administration has imposed a 125% tariff on Chinese UCO imports starting this month. Three UCO traders in China said that the U.S. shipments, which were worth $1.1 billion last fiscal year, have been falling. The last cargoes are expected to arrive around the end of March or early April, before the trade grinds to an abrupt...

The German network regulator proposed on Wednesday a fixed fee of 27 euros per kilowatt hour per hour for the use of its planned core hydrogen network. It aims to finance and expand infrastructure to support a key fuel in energy transition. Germany wants to use more hydrogen in industries that are highly polluting, such as chemical and steel, but which are hard to electrify. It also wants to reduce its dependence on fossil fuels. The core network of hydrogen fuel in the country, to be completed by 2037, will cover 9,700 km (6,500 miles) at a cost of around...

Below are companyrelated news and stories from France and Benelux which might have an effect on the region's markets or private stocks. LISI: LISI got in settlements to sell its French division LISI Automotive Nomel to ZeroBaseInvest. The deal should be finished by the end of February 2025. Viridien: French oil and gas services group Viridien revealed a. short-lived marriage of its Chairman and CEO roles. Sophie. Zurquiyah is to presume combined functions up until 2026, while Philippe. Salle will assume roles of Vice-Chairman and Lead Director. Waga Energy: Waga Energy signed a 20-year arrangement with Seccra to. produce RNG...

The development of a green hydrogen market in Germany still depends to a large degree on public spending, utility E.ON stated on Friday. The share of projects under building and construction or equipped with final investment choices has increased to 9% from 3% of the 2030 target of 11.3 gigawatts (GW) of electrolysis capability, E.ON stated. However the only factor speeding the process was support pledged under government plans, it stated in outcomes of research study it performed with the EWI energy research study institute. WHY DOES IT MATTER? Germany wants to build up electrolysis capability to produce its own...

Thyssenkrupp needs to quickly repair the crisis surrounding at its steel system, including producing clarity around a 3 billion euro ($ 3.3 billion) green steel job cofunded by the federal government, Economy Minister Robert Habeck said on Wednesday. Thyssenkrupp has put a proposed direct decrease plant at its steel hub in Duesburg - two thirds of which will be moneyed with public cash - under evaluation, stoking worries over the corporation's future instructions. This need to concern a great end quickly, Habeck stated, including Thyssenkrupp's management had signified it wished to produce more environmentally friendly steel which the task was...

German energy EnBW today promised 1 billion euros ($ 1.08 billion) to build pipelines to bring tidy hydrogen as part of a plan for a. nationwide grid that will begin business operations by 2032. Germany is banking on green hydrogen, produced through. electrolysis driven by wind and solar energy, as an option. to fossil fuels. For some, it is a gamble, for others a world-leading. example. The following describes the development up until now. WHY IS GERMANY CENTRAL TO EU HYDROGEN PREPARES? Germany is spearheading the European Union's shift towards. cleaner energy because it is the bloc's biggest economy and....

Turbine and engine maker Siemens Energy will build a 280megawatt (MW) green hydrogen electrolysis system for Northern German utility EWE which is anticipated to start operating in 2027, the 2 companies stated on Thursday. The awarding of the contract is one of a flurry of offers after Germany last week handed 4.6 billion euros ($ 4.98 billion). of EU-approved subsidies to a series of jobs to provide. safe and secure and sustainable hydrogen on its road to net-zero carbon. emissions. Hydrogen, provided it is produced by means of the electrolysis of. water utilizing sustainable electricity, can help the transition to...

Italy's Eni remains in exclusive talks with investment firm KKR over the sale of a minority stake in Enilive, an offer that could value the biofuel unit at 11.512.5 billion euros ($ 12.5$ 13.6 billion). including debt, it stated on Tuesday. KKR's potential purchase of in between 20% and 25% of Enilive. would fall in line with Eni's strategy to develop different systems. concentrated on particular services and make them financially. independent. An initial arrangement on the sale to KKR might be signed. in September when the exclusivity duration ends, people familiar. with the matter said, adding the deal might...

Spain has the right conditions to be a worldwide leader in green hydrogen however the advancement of the market is being prevented by the sluggish allocation of aids, Jorge Palomar, global hydrogen development director at Spanish sustainable giant Iberdrola, said on Wednesday. Alan Ripa, CEO of hydrogen project designer Accionaplug, concurred that subsidies are key to developing the nascent industry. WHY IT IS VERY IMPORTANT Green hydrogen, produced utilizing renewable energy, is seen as essential to decarbonising Europe's economy in the future. However, offered its expense, green hydrogen tasks in general are not competitive without subsidies. Iberdrola, Europe's biggest energy,...

Agricultural commodity merchant Louis Dreyfus Business (LDC) is broadening its palm oil refining organization in Indonesia, which will consist of building of a new glycerine plant and greater production of biodiesel, a. senior company authorities stated. LDC, which processes agricultural items, has actually been broadening. its operations in Asia to take advantage of the growing need for food. products. LDC is investing substantially to expand its refining. complex in Lampung with the addition of a new glycerine refining. plant, edible oil packaging plant and warehouse, Rubens Marques,. LDC's chief executive for South and Southeast Asia, told . today. These developments...