Verso Energy

Curve Energy Corp. has formalized a non-disclosure agreement with Saudi Aramco Technologies, allowing confidential exchanges of information as part of potential technological collaborations in the global market for low-sulfur marine fuels.
The French government formalizes its industrial strategy to develop a competitive national sector for sustainable aviation fuels, aiming to meet domestic demand and strengthen France's export position by 2030.

France accelerates industrial strategy in sustainable aviation fuels

Three French ministers and major industrial groups sign an agreement to accelerate national production of sustainable aviation fuels, aiming to position France as a European leader in this emerging sector.
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Global biodiesel and bio-LNG supply struggles to keep pace with rising maritime demand, posing an immediate risk to the sector’s emissions reduction targets.
While corporate demand for sustainable aviation fuel increases, European regulatory rigidity limits short-term investment prospects. SAFc Connect seeks to streamline transactions.

Verso Energy receives support for its sustainable aviation fuel project in Normandy

Verso Energy has secured funding under the France 2030 programme for its "DEZiR" project, aimed at producing sustainable aviation fuel from biogenic CO₂, with an annual production capacity of 81,000 tonnes.
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Raven SR takes a crucial step towards renewable hydrogen production by obtaining a permit for its bioenergy project in Richmond, California. This approval marks a significant step forward in the conversion of organic waste into clean fuels and contributes to the reduction of CO2 emissions.
Nigerian president inaugurates Dangote's mega-refinery, offering the prospect of solving shortages and creating revenue. However, analysts doubt the actual start-up date of the refinery, which could be delayed until the end of 2024.

Fidelis New Energy builds its first large-scale facility for the management of captured CO2 in Denmark

Denmark takes a major step forward in the management of captured CO2 with the construction of its first large-scale facility in Aalborg. The Port of Aalborg and Fidelis New Energy unveil ambitious plans to process up to four million tons of CO2 per year, contributing to the country's emission reduction.
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Floating wind resources are poised to become a crucial part of the U.S. energy transition. A look back at the industry's rapid growth prospects, the U.S. Department of Energy's ambitious goals, and development opportunities in California, Oregon and the Gulf of Maine.
The right-wing majority Senate has largely approved the nuclear revival bill to speed up the construction of new reactors, despite the opposition of the ecologist group, before the final adoption expected on May 16 in the National Assembly.

After BP, TotalEnergies prepares for a climate confrontation at the Annual General Meeting

TotalEnergies, the French oil major, is preparing for a climate debate with some of its shareholders at its general meeting on May 26. An advisory resolution on the group's indirect CO2 emissions, proposed by the activist shareholder organization Follow This, was included in the agenda of the AGM.
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In the first quarter of the year, EDF recorded a 34.6% increase in revenues compared to the same period last year, despite a drop in its nuclear production. High energy market prices and the acquisition of new residential customers in France contributed to this growth.
Ohmium International is partnering with Efficiency for LNG Applications (E4Efficiency) to supply green hydrogen to a liquefied natural gas terminal in Andalusia, replacing the methane used in the gas burner pilot flame. This innovative project is supported by the European Regional Development Fund (ERDF).

France: Nuclear safety reform will not return in final version of acceleration law

The controversial nuclear safety reform is not expected to be included in the final discussions on the nuclear acceleration bill, sources told AFP. Members of Parliament rejected the government's amendment in March and future debates should respect their vote.
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Engie offers its regulated tariff subscribers a bridging offer called "Passerelle" indexed on a reference indicator calculated by the Commission de régulation de l'énergie, which should experience marginal increases, but which allows the user to retain absolute freedom.
Russia and China continue their energy cooperation with the Siberian Force 2 pipeline project. This ambitious initiative aims to deliver 98 billion cubic meters of gas to China by 2030, strengthening ties between the two countries.

Oil prices down despite Russian production cuts

Oil prices started the week lower, despite the announcement of Russian oil production cuts. Concerns about near-term demand have returned to the forefront as the uncertain economic outlook in many major oil-consuming economies, such as the U.S., Europe and even China, persists.
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The Druzhba pipeline is resuming pumping in the Ukrainian section after a partial suspension, according to the Russian operator Transneft.
Boralex, a Canadian company, appoints Patrick Simon as Assistant General Manager of Boralex Development, Europe.
The Kom Omno solar park in Egypt will be expanded from 200 to 500 MW thanks to Amea Power of the United Arab Emirates. The electricity generated will be sold to the Egyptian Electricity Transmission Company, contributing to Egypt's sustainable energy objectives. AMEA Power is also developing other renewable energy projects in several countries, including wind and solar power.
The Gwynt y Mor offshore wind farm, opened in 2015, is expanding. Renewables specialist RWE Renewables UK has announced one of its newest projects.

Renewable Hydrogen: Europe unveils its strategy

The European Commission unveils its strategy for renewable hydrogen, the key to achieving carbon neutrality by 2050. Creation of the European Alliance for Renewable Hydrogen.
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Gresham House strengthens its energy storage capacity by acquiring a 41 MW battery installation from Arenko Cleantech.
The Spanish group is investing 4.3 million euros in the construction of a new photovoltaic project in Fontanar. Called "La miranda", the project will have a total output of 6.87 MWp. It will be connected to the Fontanar substation, with its own transmission line...