Enviva enters final steps of bankruptcy as NYSE delisting looms
Oct 15, 2024 · The New York Stock Exchange will delist Enviva’s stock by October 22, reported Lesprom. This marks the company’s decline, following a 2022 market valuation of almost $6 billion. Enviva’s financial difficulties emerged from a failed bet on pellet prices, which ultimately caused its bankruptcy and wipted out shareholders. Initially, the company had offered shareholders a…
EU approves €1.7 billion Danish renewable gas scheme
Dec 18, 2024 · The European Commission has approved, under EU State aid rules, an estimated €1.7 billion Danish scheme to support the production of renewable gas to be injected into the grid. The scheme will contribute to the EU’s climate targets in line with the European Green Deal, as well as the objectives of the REPowerEU Plan to…
RNG Coalition welcomes Section 48 ITC final rule
Dec 5, 2024 · The Coalition for Renewable Natural Gas (RNG Coalition) has welcomed the U.S. Department of the Treasury’s issuance of the final rulemaking on the Section 48 Investment Tax Credit (ITC) expanded under the Inflation Reduction Act (IRA). The updated regulations represent a significant step forward for the biogas and renewable natural gas (RNG) industries in North…
Willand Biogas’ Somerset plant collapses into administration
Nov 21, 2024 · Willand Biogas’ plant by the Somerset border has entered administration, having failed to secure funds to rescue its operation. Accounts for 2022 showed it was more than £23 million in debt, as well as subject to a £38.75 million loan. Administrators at London-based restructuring and recovery specialists Moorfields Advisory Ltd are attempting to sell the…
EnviTec Biogas signs contract for fourth project in Estonia
Dec 20, 2024 · Estonian dairy giant Halinga OÜ plans to construct and operate a combine biogas and gas upgrading plant from EnviTec Biogas. The contract that has just been signed envisages the completion of the construction project in the municipality of Langerma in Pärnu County in spring 2026. “We are proud to be able to use our expertise…
New Zealand’s Genesis commits to biomass
Dec 13, 2024 · New Zealand’s Genesis Energy plans to generate electricity utilising biomass at its Huntly facility in three to four years. It will back local biomass production to reduce reliance on imported coal and decilining gas reserves. Chief executive Malcolm Johns said Genesis will work with local investors and forest owners to facilitate domestic production, and provided…
WELTEC BIOPOWER to build biomethane plant in England
Dec 17, 2024 · German manufacturer WELTEC BIOPOWER has been commissioned by the English recycling company Eco Sustainable Solutions Ltd. to build a biomethane plant. The plant will be located near Bournemouth Airport in the south of England. Eco Sustainable will operate the plant and fill the stainless steel tanks with household waste and …
Biomethane risks and opportunities for new investors
Jan 14, 2025 · Timothé Husser, manager at Blunomy, delves into biomethane investment risks, opportunities and models. Blunomy provides strategic consulting services, with a large part of its work in the industrial sector. It started to work on renewable gas more than 12 years ago. Husser is in charge of Blumony’s renewable gas activity, and spends all of his…
AleAnna makes strong strides in Italy’s biogas sector
Dec 19, 2024 · AleAnna has completed the purchase of majority working interests in three Italian biogas plants, and has also announced the first corporate revenue generation from its plant operations. This demonstrates its ability to secure Italian government capital incentives to construct biogas plants and convert them to biomethane facilities, according to the company.
COFORD sets out recommendations for forest-based biomass in …
Jan 3, 2025 · The Irish government’s COFORD Council for Forest Research and Development has published a paper that recommends future policies to support an expanded role of forest-based biomass. The paper, entitled “Forest Based Biomass and Modern Bioenergy, Moving to Net Zero”, complements and rounds out an earlier series of COFORD statements on the role of forests and forest…