In a significant move towards securing a foothold in the renewable energy landscape, BP announced the acquisition of Bunge's 50% stake in their Brazilian sugar and ethanol joint venture, BP Bunge Bioenergia, for $1.4 billion. This acquisition not only consolidates BP's position in one of
In recent years, the EU has claimed the title of the world's largest producer and consumer of wood pellets. However, despite its dominant position, the pellet market has faced significant challenges in 2023. This year has marked a shift, breaking a two-decade trend of continuous growth for the
In an ambitious move to push the envelope of sustainability, Quebec has shown a compelling commitment to a green energy future. By providing a sizable grant to the Consortium for Research and Innovation in Industrial Bioprocesses in Quebec (CRIBIQ), the province is sparking innovation in a key
In a move that embodies the growing shift towards sustainable energy, Babcock & Wilcox (B&W) sets its innovative wheels in motion to transform a former coal-fired power plant into a beacon of bioenergy production. Partnering with NorthStar Clean Energy, B&W takes a bold step into the
The relentless pursuit of a greener future has steered the United States toward the bioeconomy's gold mine – sustainable aviation biofuel. As we look up at the gleaming aircraft tracing our skies, there's a burgeoning consensus that these marvels of engineering could soon be powered by f
Bioenergy is pivotal for a sustainable future, leveraging the power of renewable biomass. It plays a crucial role in shifting toward a carbon-neutral world by converting waste and various organic materials into energy sources. Biomass, including agricultural leftovers, forestry waste, and
