In Brazil, Reuters reports that Cosan and Shell have appointed Banco BTG Pactual SA, Bank of America, Citi and Credit Suisse AG to support the IPO of Raizen as soon as June or July on the B3 exchange that could raise up to $2.25 billion. Such an IPO would bring the company’s evaluation to around […]
In Brazil, Reuters reports that Cosan together with Shell are planning to spin off their joint venture Raizen through an IPO, although a timeframe hasn’t been announced. The move is part of Cosan’s attempt to streamline its various businesses, including launching IPOs for two of its other energy units, Compass and Moove. Before the IPO […]
In Germany, Shell would like to manufacture sustainable aviation fuels in the Wesseling section of the Rhineland Refinery. To this end, the company wants to set up a first commercial Bio-PTL (Power-to-Liquid) plant. The synthetically produced kerosene is intended to help reduce airline CO 2 footprint. In addition, the capacity of the PEM hydrogen electrolysis […]
In Canada, Shell will have a 40% interest in the plant using technology developed by Enerkem. Enerkem announced the project in December 2020, subject to finalization of commercial agreements. The approximately C$875 million commercial-scale facility will be constructed in Varennes, Québec, and will produce low-carbon fuels and renewable chemicals products from non-recyclable waste using Enerkem’s proprietary […]
Looking for some good news? Well, look no further as hot off the press is good news from several Hot50 winners starting with plant-based omega-3 pioneers, Qualitas Health, DBA iwi, which has secured $10 million in venture funds at a $73 million post-money valuation, to accelerate growth and build their unique plant-based protein. And Fluid […]
In Colorado, Red Rock and Shell have entered into a cellulosic fuel purchase and sale agreement in which Shell will purchase Sustainable Aviation Fuel (SAF) and cellulosic renewable diesel fuel from Red Rock’s new biorefinery in Lakeview, Oregon. Shell will distribute the SAF to Red Rock’s existing airline customers and market Red Rock’s cellulosic renewable […]
Ballard just hosted a 5-hour analyst day with no breaks and there was a lot to unpack in terms of how the company intends to apply fuel cells in the bus, truck, trains and even marine sectors. But the key message was the huge expanding fuel cell and hydrogen market applications – specifically the Heavy […]
From the UK comes news that Shell Aviation and World Energy inked a collaboration to develop a scalable supply of sustainable aviation fuel. The agreement is intended to be a multi-year collaboration, with both companies acknowledging that the path to lower carbon emissions in aviation requires long-term commitment and collaboration. The Lufthansa buy As part […]
In Brazil, a joint venture between Patria, Shell, and Mitsubishi Hitachi Power Systems is getting over 2 billion Brazilian Real, or nearly $500 million USD, from Brazil’s National Bank for Economic and Social Development, BNDES, that will be spread over 24 years, for a 565 MW natural gas thermoelectric power plant in the municipality of […]
In France, CMA CGM Group, a world leader in shipping and logistics, has announced a partnership with Shell to supply tens of thousands of tons of marine biofuel to its fleet. This quantity, which is unique in the industry, will allow the Group’s ships to travel nearly 1 million kilometers, equivalent to over 80 round-trips […]
