November 21, 2023
BY Erin Voegele
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Italian energy company Eni and U.S.-based KKR on Oct. 24 announced an agreement under which KKR will purchase a 25% stake in Eni’s Enilive business, which encompasses the company’s biorefining, biomethane, and smart mobility solutions businesses.
In partnership, Power2X and Advario are developing a world-scale production and storage hub for sustainable aviation fuel (e-SAF) and synthetic, ultra-low carbon fuels in the Port of Rotterdam.
DHL Express and DHL Global Forwarding are furthering their sustainability goals through a contract renewal with IAG Cargo, the cargo handling division of International Airlines Group, to use an additional 60 million liters of SAF on behalf of DHL.
Neste Corp. on Oct. 24 released third quarter financial results, reporting that its renewables segment has been impacted by overcapacity and lower-than-expected voluntary demand for sustainable aviation fuel (SAF).
Valero Energy Corp. released Q3 financial results on Oct. 24, reporting increased production for both its ethanol and renewable diesel segments. Valero’s SAF project is expected to be fully operational before the end of the year.