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Novozymes reports 32% increase in bioenergy sales in Q3

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By Erin Voegele

November 03, 2022

BusinessNorth AmericaLatin AmericaEuropeAsia/PacificAfrica/Middle East

Novozymes released Q3 financial results on Nov. 3, reporting that bioenergy sales were up 32 percent for the three-month period and 26 percent for the first nine months of the year. Overall sales were up 6 percent for the quarter.

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The International Energy Agency on Oct. 27 released its World Energy Outlook 2022. The report, in part, predicts global biofuel consumption could more than double by 2030 and continue to increase through 2050.

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The International Energy Agency on Oct. 27 released its World Energy Outlook 2022. The report, in part, predicts global biofuel consumption could more than double by 2030 and continue to increase through 2050.

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Neste released third quarter financial results on Oct. 27, reporting that its Renewable Products segment performed well despite an adverse impact from margin hedging and some logistical delays in product deliveries.

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Eni has definitively ended the procurement of palm oil for use at the Venice and Gela biorefineries for the production of hydrogenated biofuels. The company previously set a goal to become "palm oil free" by the end of 2022.

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The Air France-KLM Group (AF-KLM) and Neste have announced the expansion of their existing cooperation with a new strategic partnership for the supply of Neste MY Sustainable Aviation Fuel to the Group.

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Signature Aviation, the world's largest network of Fixed-Base Operations (FBO), announced on Oct. 19 that it has expanded the availability of Neste MY Sustainable Aviation Fuel (SAF) to all of its locations in California.

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Eni is investigating the opportunity to build a new biorefinery at the company's industrial site in Livorno, Italy. The project sould include a feedstock pretreatment unit, an Ecofining plant, and facility to produce hydrogen from methane.

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Neste is partnering with EDi Energie-Direkt Hohenlohe GmbH and TOOL-FUEL Services GmbH to jointly enable the supply of Neste MY Renewable Diesel in Germany and contribute to reducing greenhouse gas emission in the transport sector.

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The U.S. exported 88,142.4 metric tons of biodiesel and biodiesel blends of B30 and greater in August, up from both 85.524.6 metric tons the previous month and 77,324 metric tons in August 2021, according to data released by the USDA on Oct. 5.

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Camelina Company España on Sept. 29 held the opening of its new innovation Center in Daimiel, Spain. Camelina is grown for use by Camelina Company's parent company Global Clean Energy to produce ultra-low carbon renewable fuels.

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TotalEnergies and SARIA have concluded an agreement to develop sustainable aviation fuel (SAF) production on the Grandpuits (Seine-et-Marne) zero-crude platform. The agreement is a major step in securing feedstock supply.

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Worldwide renewable energy employment reached 12.7 million last year, according to a report released by the International Renewable Energy Agency. Liquid biofuels, solid biomass and biogas accounted for a combined 3.44 million of those jobs.

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The Mercedes-AMG PETRONAS F1 Team recently concluded a trial in the use of biofuels in its16 Mercedes Actros Gigaspace race trucks for the final three races of the European season. The trial achieved an 89 percent redution in freight emissions.

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Greenergy, Europe's largest producer of biodiesel from wastes, announced Aug. 25 that it is increasing production in its Amsterdam biodiesel manufacturing plant by over 25 percent. The upgrades will be complete in 2023.

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OMV on Sept. 14 signed a memorandum of understanding to supply up to 53 million gallons sustainable aviation fuel (SAF) at Ryanair airports across Austria, Germany, and Romania over the next eight years.

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OMV on Sept. 14 signed a memorandum of understanding to supply up to 53 million gallons sustainable aviation fuel (SAF) at Ryanair airports across Austria, Germany, and Romania over the next eight years.

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Holland America Line completed the cruise industry's first multiweek test of biofuels on board Volendam at Port of Rotterdam in the Netherlands. The 20-day test was conducted in partnership with GoodFuels and Wärtsilä.

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Neste is launching a strategic study on transitioning its refinery in Porvoo, Finland, to non-crude oil refining and into a globally leading renewable and circular solutions site. The company aims to complete the transition by the mid-2030s.

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The U.S. exported 85,524.6 metric tons of biodiesel and biodiesel blends of B30 or greater in July, up from both 81,132.2 metric tons in June and 68,961.3 metric tons in July 2021, according to data released by the USDA FAS on Sept. 7.

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Chevron Renewable Energy Group broke ground on the expansion of its Emden, Germany biorefinery during a ceremony held on Aug. 27. The expansion project includes the addition of a pretreatment system at the facility.

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BBI International has announced the 39th Annual International Fuel Ethanol Workshop & Expo will be held June 12-14, 2023 at the CHI Health Center in Omaha, Nebraska. Speaker presentation abstracts will be accepted through Feb. 10, 2023.

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Neste and Hellenic Petroleum Group have entered into an agreement for the commercial distribution of Neste MY Sustainable Aviation Fuel on flights by Aegean Airlines, the leading air carrier in Greece.

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Neste has agreed to acquire 100 percent of Walco Foods, an Irish trader of animal fats. The acqusition will enhance Neste's supply of waste and residue raw materials for the production of renewable diesel and associated fuels and products.

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Neste released second quarter financial results on July 28, reporting robust demand for renewable products during the three-month period and record quarterly comparable sales margin of $865 per ton, up from $700 per ton during the Q2 2021.

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The Global Centre for Maritime Decarbonisation is leading a consortium of 18 industry partners to launch a drop-in biofuels pilot project to establish an assurance framework for ensuring the supply chain integrity of green marine fuels.

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Technip Energies has been awarded a significant contract by Neste for the expansion of their renewable products production capacity in Rotterdam, the Netherlands, as part of the existing partnership agreement between Technip Energies and Neste.

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The U.K. government on July 19 released its Jet Zero strategy. The initiative, in part, requires at least 10 percent SAF use by 2030. It also aims to kickstart a domestic SAF industry, supported by a new £165 million Advanced Fuels Fund.

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Demand for biodiesel and renewable diesel in the European Union was up in 2020 and 2021 despite the COVID-19 pandemic. That growth, however, is expected to stagnate in 2022, according to a report filed with the USDA.

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The European Parliament's ITRE Committee members voted decisively in favor of increasing the ambition for GHG emissions reduction in transport while leaving Member States free to use crop-based biofuels in their transport energy mix.

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