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Acelen to invest $2.44 billion over 10 years to produce renewable diesel and SAF in Brazil

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Brazil’s Acelen will invest more than R$12 billion (US$2.44 billion) over the next 10 years in the production of renewable diesel and sustainable aviation fuel (SAF) through the hydrotreatment of vegetable oils and animal fat. Inaugurated in 1950, RLAM was the first refinery in Brazil.

Brazil 296
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bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

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bp released the 70 th annual edition of the bp Statistical Review of World Energy ; the data collected in this year’s edition includes energy data for 2020. The Review captures the significant impact the global pandemic had on energy markets and how it may shape future global energy trends. million b/d) and non-OPEC (-2.3

2020 397
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Cepsa to invest €3B in Andalusia to build the largest green hydrogen hub in Europe; additional €2B for renewable power

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Cepsa—the Spain-based multinational oil and gas company—will invest more than €3 billion to establish the Andalusian Green Hydrogen Valley, creating the largest green hydrogen hub in Europe in southern Spain. The company will build two plants with a total capacity of 2 GW to produce green hydrogen.

Hydrogen 397
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EIA expects record global petroleum consumption in 2024, with lower crude oil prices

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The US Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. EIA also expects oil production in Canada, Brazil, and Norway collectively to grow 12% from 2022 to 2024, and also expects growth from new sources such as Guyana.

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Solazyme and Bunge break ground on renewable oils production facility in Brazil

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and Bunge Global Innovation LLC, a wholly-owned subsidiary of Bunge Limited, a global agribusiness and food company, have broken ground on a 100,000 metric ton renewable oil production facility adjacent to Bunge’s Moema sugarcane mill in Brazil. Solazyme, Inc. billion expansion.

Brazil 210
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Solazyme and Bunge form joint venture for commercial-scale renewable oil production facility in Brazil

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Solazyme produces tailored oils using heterotrophic algae grown in industrial fermenters. Algae-based renewable oil company Solazyme, Inc. Algae-based renewable oil company Solazyme, Inc. will have an expected annual production capacity of 100,000 metric tons of oil. Source: Solazyme. Click to enlarge.

Brazil 210
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Solazyme expanding renewable oil production capacity with JV partner Bunge, signs strategic collaboration agreement with ADM

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Separately, Solazyme and Archer-Daniels-Midland Company, a leading global agricultural processor, signed strategic collaboration, manufacturing and market development agreements in which Solazyme and ADM will produce Solazyme’s tailored algal oils in ADM’s advanced fermentation plant at Clinton, Iowa. Solazyme, Inc., Earlier post.).

Oil 239