Renewable Fuels

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...

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,...

The European Commission has actually accepted about 3 billion euros ($ 3.2 billion) of scheduled German state help for building a system of hydrogen pipelines referred to as the Hydrogen Core Network (HCN). Berlin plans to provide monetary assurances to enable companies that construct and run the 20 billion euro network to acquire more favourable loans to cover preliminary losses throughout the ramp-up stage from 2025. Motivating the uptake of hydrogen outweighs any distortion to EU competition and trade from the plan, the Commission stated on Friday. Germany's ruling union concurred in April on the funding system and extended the...

Task delays in the international market for hydrogen devices are short-term, Thyssenkrupp Nucera's CEO Werner Ponikwar told , including that the German business could double its workforce in the next three years. Thyssenkrupp Nucera, a major electrolysis plant provider, last month reported a 42% drop in order consumption in January-March, saying financiers were holding back on settling deals due to a. lack of regulatory certainty and problems securing financing as. banks want proof that customers will take future production. volumes. Ponikwar stated he expected the slump would not be. prolonged and the business was investing for growth, consisting of. strategies...

Tomas Manzano said that the sugarcane harvest by Brazilian Copersucar partners in the 2025/26 season is expected to be at or above the levels of 2024/25. Manzano, a Copersucar partner, said that the partners would crush 107 millions metric tons sugarcane by 2024/25. He added that the company is expecting similar or even better results for the current cycle due to an increase in the size and quality of the sugarcane harvest, as well as other investments. This forecast contradicts the expectations of the industry as a whole, who expect a decline in production. "Copersucar's area is expanding and shouldn't...

Tereos warned on Wednesday of a challenging year as the fall in European sugar and the weak margins of the starch industry are likely to continue to impact results in the first halves of the company's financial year, after the initial bite in 2024/25. The European Union sugar price dropped by 35% between March and the end of last year due to a surplus of sugar in Europe, as well as competition from cheaper Ukrainian sugar. Tereos CEO Olivier Leducq said to reporters that 2025 would be a difficult year. Leducq stated that the EU sugar market will likely rebound...

Sao Paulo said there were no more active fires in sugarcane fields in the state on Monday following a surge in cases because late recently, however lots of municipalities are still on high alert for fires. Sao Paulo is without a doubt the biggest sugar producing state in Brazil, the world's leading manufacturer and exporter of the sweetener. Exceptionally dry conditions after months without rain caused a. rise in unexpected fires that quickly infected thousands of. hectares of walking stick fields that burned into the weekend. Brazil's largest sugar group Raizen SA said on. Monday it resumed operations at its...

BP Bunge Bioenergia, the Brazilian bioenergy endeavor controlled by BP Plc, will invest 530 million reais ($ 94.49 million) to expand sugarcane crushing capacity at its Pedro Afonso plant in the state of Tocantins, it said late on Wednesday. The Pedro Afonso mill is among 11 that BP manages in 5 Brazilian states. The plant capacity will increase by 800,000 metric loads to 3.4 million tons of sugarcane squashing per crop. BP said growth works in Tocantins will start in October, with completion prepared for July 2026. Upon conclusion of the project, the business's total walking stick crushing capability in...

A spike in bargainbasement crop sales by U.S. farmers requiring to make room in storage bins for autumn harvests could increase success at grain handlers such as ArcherDanielsMidland and Bunge Global. Both business, which trade and process soybeans and corn and gain from geographic distinctions in supply, recently flagged sluggish farmer selling as a drag on second-quarter profits. Eight farmers in the essential Midwestern crop-growing states of Iowa, Indiana, Illinois and Ohio told Reuters they are clearing storage bins of corn and soybeans collected in 2023 after holding tight to products all year, as favorable weather for crop advancement finally...

Brazil's Copersucar, the world's. largest sugar merchant, is upbeat on sugar rates in the. midterm as dry weather on the planet's top manufacturer should. verify a smaller production in the 2024/25 season that started. in April. Copersucar President Tomas Manzano told press reporters on. an incomes contact Wednesday that prices must increase from. current levels near 19 cents per pound in New York. The company published a net revenue of 281 million reais ($ 51.34. million) for the crop year 2023/24 ended in March, 58% less than. in the previous season, stating low ethanol rates for a long. duration in...

Chinese electrical energy company SPIC revealed on Wednesday a 780 million reais ($ 147.41. million) financial investment in construction of two brand-new wind farms in. Northeastern Brazil, while making its launching in the country's. solar sector, with 2 large parks starting operations. The company is diversifying its portfolio and intending to. become one of Brazil's 3 largest energy generators, Adriana. Waltrick, CEO of SPIC's Brazilian system, told . SPIC's new wind farms, to be integrated in Rio Grande do Norte. state, will have a combined set up capacity of 105.4. megawatts (MW) to be sold on the complimentary energy market....

Italy is intending to sign a. letter of intent with Germany and Austria to accelerate. development of a more than 4billion euro ($ 4.35 billion). southern pipeline for supplying hydrogen to main Europe,. sources near to the matter told on Tuesday. The administration of Giorgia Meloni has actually laid out strategies to. turn Italy into an energy entrance and in 2015 it signed with. Germany and Austria a joint letter for a hydrogen-ready pipeline. between North Africa and Europe. The European Union aims to produce 10 million metric tons. and import 10 million lots of eco-friendly hydrogen by 2030 in...

Brazil's centersouth sugar production jumped 84.25% in the 2nd half of April on a. annual basis, information from market group UNICA revealed on. Wednesday, going beyond market expectations. Mills in the region produced 1.84 million metric lots of. sugar in the final 2 weeks of April, UNICA stated, while. experts surveyed by S&P Global Commodity Insights were anticipating. output in the period to strike 1.73 million lots. The majority of the production development showed the increased. sugarcane crushing rate in the very first month of the 2024/25 crop,. UNICA's director of sector intelligence Luciano Rodrigues stated. in a declaration. Squashing...

Brazil's new sugarcane crop will be just a little smaller sized than the record previous one, federal government firm Conab stated on Thursday, and sugar production will reach a perpetuity high as higher planting partly offsets falling agricultural yields. Conab forecasted Brazil's 2024/25 (April-March) overall sugarcane crop at 685.86 million metric tons, 3.8% less than in 2023/24. The fall in total walking cane volume is smaller than the expected decline of 7.6% in agricultural yields due to below-average rains and excessive heat. That is an outcome of a. 4.1% increase in planted location to 8.67 million hectares. Conab shocked the...

Brazilian international trade platform Timbro expects to increase its sugar exports by more than 40% in 2024 to 2 million metric tons, while also expanding operations to enter the ethanol market, a top executive told . Timbro exported 1.4 million tons of sugar in 2023, up 75%. from the previous year and a significant jump from the 50,000 tons. delivered in 2018. It intends to offer 50 million liters of ethanol. this year as it continues to grow its footprint. Ethanol is a method for us to be more versatile with the mills. and mitigate organization danger - if the...

The U.S. Department of Agriculture cut its outlook for domestic corn ending stocks on Thursday as the government stated more of the grain will be used to make ethanol biofuel and feed for stock. Forecasts for U.S. corn use increased after futures rates was up to three-year lows this year, but international corn products are still thought about plentiful and corn prices were trading lower after the report. U.S. corn stocks are predicted at 2.122 billion bushels by completion of the 2023-24 marketing year on Aug. 31, below USDA's previous projection for 2.172 billion bushels. Analysts had anticipated an even...