The European Commission (EC) approved in September US$5.2 billion in public funding for hydrogen projects across the region. This investment is expected to attract a further US$6.8 billion in private financing.
Pace of investment in green hydrogen speeds up globally [Full subscriber]
Lately, green hydrogen has received serious financial and labour force commitments from governments and big businesses. Between December 2020 and August 2021 alone, the number of green hydrogen projects increased more than three-fold, according to Statista.
Japan invests in the production of sustainable aviation fuel [Full subscriber]
Japan is focusing on commercialising domestically produced sustainable aviation fuel (SAF) as its primary transport biofuels strategy to reduce greenhouse gas emissions by 2030, according to a recent report by the US Department of Agriculture (USDA).
French government to invest €420 million biobased products sector [Full subscriber]
The French government announced on 10th December ’21 that it will invest €420 million in public funds towards the national strategy “Biobased products, industrial biotechnologies and sustainable fuels”.
Brazil – Sugar sector in Minas Gerais investing over US$1 billion to expand cane production [Registered]
The cane sector in Minas Gerais will invest BRL6 billion (US$1.07 billion) to expand crushing capacity over the next eight years to over 95 million tonnes (mln t), when it is expected to become the second-largest producing state, behind only São Paulo.
Spiber raises US$312 million to produce silk via fermentation platform [Full subscriber]
The Japanese biofabrication startup Spiber has raised JPY 34.4 billion (US$312 million) in a funding round led by local public-private fund Cool Japan Fund and. private equity firm Carlyle. Fund managers Fidelity and Baillie Gifford also contributed to the round.
Argentina – Ledesma investing US$15 million in digital agriculture technologies/solutions [Full subscriber]
The cane sugar producer Ledesma is investing US$15 million is investing in a range of digital technologies/solutions to modernise their agricultural operations.
Brazil – Recently acquired Usina São Fernando to get an injection of BRL1 billion [Full subscriber]
Millenium Holding Bioenergia recently acquired via auction Usina São Fernando, located in Dourados, state of Mato Grosso do Sul. The company will pay BRL351.6 million (US$67.4 million). The plant, which has been in the process of judicial reorganization and subsequent bankruptcy since 2013, will earn investments of around BRL1 billion (US$191.6 million), in two years, to become a flex unit with the production of sugar and ethanol, both from sugarcane and from corn.
France – Cristal Union to plans to invest €24 million to reduce GHG emissions from its plants by 35% by 2030 [Full subscriber]
In a bid to reduce greenhouse gas emissions (GHG) by 35% by 2030, Cristal Union is going to invest €24 million along with the state aid of €10 million under the France Relance plan.
Thailand -US$1.7 billion invested in Bio-Circular-Green economic activities during Jan-Sep 2020 [Registered]
In the first nine months of 2020, local and international companies applied to invest as much as US$1.7 billion in Thailand in more than 300 projects in the sectors listed as “BCG”, or Bio-Circular-Green economic activities focused on environmental protection and sustainability, according to the Thailand Board of Investment (BOI).
Monthly Snapshot
Raw sugar for March delivery settled at 19.82 cents/pound on January 18 after reaching a two-and-a-half-week high earlier in the session at 20.25 cents. The white sugar contract expiring in […]
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