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AFP

Eni phases its biorefineries to 1.65 Mt/y and secures financing
Enilive aligns conversions in Italy, hubs in Asia and U.S. diversification, with rising HVO margins, integrated pretreatment and HVO/SAF offtakes tied to European requirements, supporting volumes, site utilization and operational guidance.
Sumit Majumdar joins Verite Capital Partners as Energy Director and Limited Partner
Buffalo Biodiesel CEO Sumit Majumdar expands his reach in private equity by joining Verite Capital Partners, a firm focused on backing growth companies and underserved markets.

Egypt seeks to attract Japanese manufacturers to Suez Canal zone

During his visit to Tokyo, the SCZONE chairman presented industrial and logistics projects aimed at establishing the Suez Canal as a regional hub for alternative fuels and supply chains.
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France: MPs block tax hike on biofuels in committee
MPs rejected in the Finance Committee the removal of tax benefits on B100 and Superethanol-E85 proposed in the 2026 budget bill, deferring the measure to the plenary debate.
Liquid Wind and Umeå Energi launch 100,000-tonne eFuel plant in Sweden
The two partners finalise agreements to industrialise an eMethanol production site in Umeå, with commissioning scheduled for 2028 and a target of capturing 150,000 tonnes of CO₂ annually.

Sigma Lithium joins Morgan Stanley’s national security index

Brazilian producer Sigma Lithium has been included in a thematic index by Morgan Stanley grouping US-listed companies considered essential to national security and strategic supply chains.
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Global copper demand projected to grow 24% by 2035
The rise of data centres, electrification, Asian industrialisation and military spending are reshaping global copper market dynamics, while insufficient mining investment could increase price volatility.
Exolum invests £4.5mn in UK’s first independent SAF blending site
Energy logistics firm Exolum launches the UK’s first independent sustainable aviation fuel blending site, supporting a nationwide network expected to supply up to 65,000 flights per year.

The biofuels sector rejects a tax increase deemed brutal

French biofuel stakeholders denounce a tax hike on B100 and E85 announced in the 2026 draft budget, which they say threatens their income and the industrial balance of local areas.
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Brazil, India, Italy and Japan set regulatory target for sustainable fuels
Ahead of COP30, four major economies commit to regulating the increase in sustainable fuel production and consumption by 2035.
French government plans to end tax benefits on B100 and E85 biofuels
The 2026 draft budget proposes eliminating tax incentives for B100 and E85 fuels, prompting opposition from agricultural unions concerned about the economic impact on the biofuel sector.

European airlines pressure Brussels over shortage of sustainable fuels

Airlines for Europe warns of insufficient sustainable fuel production in Europe and requests a delay in regulatory obligations if the European Commission does not act swiftly.
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Moeve joins Shell’s Avelia platform to scale sustainable aviation fuel supply
Spanish producer Moeve becomes the first external SAF supplier to join Shell’s blockchain-based platform designed to expand low-emission jet fuel adoption.
LIFT completes full year of environmental studies for Yellowknife lithium project
LIFT Power has completed the first phase of baseline studies for the Yellowknife lithium project, a key step toward permitting and long-term mine planning.

Used oil imports multiply twentyfold under pressure from biofuels

Global demand for biofuels is driving a sharp increase in used oil imports to Europe and the United States, straining global feedstock supply chains, according to the International Energy Agency.
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Singapore distillate stocks rise above 10 million barrels
Singapore’s gasoil and kerosene inventories reached a three-month high after a sharp weekly drop in net exports, supported by a marked increase in imports from Northeast Asia.
Alkagesta opens biofuels trading desk in Geneva to strengthen its investments
Trader Alkagesta opens a new biofuels trading desk in Geneva, targeting European market growth and consolidating its investments in alternative fuels.

Indonesia approves 10% mandatory bioethanol blend in gasoline

The Indonesian government plans to mandate a 10% bioethanol blend in gasoline to reduce fuel imports and support the local ethanol industry.
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California authorises E15 fuel sales to reduce pump prices
California lifts its ban on E15 fuel, opening its vast market to the ethanol-gasoline blend in a bid to lower prices and expand consumer options.
DRC caps cobalt exports at 96,600 tonnes until 2027
Kinshasa replaces export ban with a quota system covering just half of its output, triggering a price surge and global supply tensions.
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Eni raises 2025 targets after 54% surge in quarterly net profit
Ecopetrol secures COP700 000 million local loan to cover operational spending
BAK Battery industrialises semi-solid batteries with 390Wh/kg output
Waddi wind project secures environmental approval from Australian government
Reliance reconfigures Jamnagar to prove the origin of fuels bound for the EU
European Energy secures 500MW of grid connections in Romania
European Energy obtains approval for 500 MW of wind and solar projects in Romania, taking a key step towards their realization.
Connexions réseau projets renouvelables Roumanie
United Kingdom: British General Election 2024
The 2024 UK general election pits the Labour Party and Conservative Party against each other with distinct energy visions focused on renewables and decarbonization strategies.
Élections UK 2024 énergie

France: Marine Energies create 8,300 jobs and increase sales by 2023

By 2023, marine renewable energies, dominated by offshore wind power, had generated over 8,300 jobs and doubled their sales, with strong growth in exports.
Croissance énergies marines renouvelables France
Ecuador: 11% increase in petrol prices triggers strong reactions
Ecuador is facing an almost 11% increase in the price of gasoline, a decision likely to provoke further protests in a country where fuel subsidies are a highly sensitive issue.
Fuel price increase Ecuador
Russia Exceeds OPEC+ Oil Production Quotas in May
In May, Russia exceeded OPEC+ production quotas, but is committed to meeting its obligations by September 2025.
Russie quotas production pétrole OPEC+

French start-up Hopium goes into receivership and falls on the stock market

French start-up Hopium, which promised the first hydrogen-powered sedan, has announced that it has been placed in receivership, leading to a 40% fall in its share price, but claims to have found the funding to continue its activities and develop its fuel cell technology.
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City of Richmond approves Raven SR bioenergy project
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.
Nigeria: President Buhari inaugurates a mega-refinery before its commissioning
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 offshore wind may be the solution to decarbonizing the U.S.
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.
France: The Senate votes one last time to revive nuclear power
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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EDF: strong increase in activity in Q1, despite a decline in nuclear power
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.
Spain: Agreement between Ohmium and E4Efficiency to supply green hydrogen
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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France: Engie prepares its customers for the end of the regulated gas tariff
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.
Siberia Force 2023, renewal of Sino-Russian energy cooperation
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.

Ecoligo to install a photovoltaic system on one of its reservoirs in Kenya

Ecoligo, a German company, is collaborating with Rift Valley Roses in Kenya to implement an innovative solar system, reducing electricity costs and CO2 emissions.
Ecoligo
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.
Druzhba back in service
The Druzhba pipeline is resuming pumping in the Ukrainian section after a partial suspension, according to the Russian operator Transneft.