Praj and Gevo Sign Bio-IBA Development and Commercialization Agreement for India

The Federation of Thai Industries, or FTI, has proposed to the Minister of Energy, Ekkanat Promphan, that ethanol be elevated from merely a blending component in fuel to a national strategic fuel, in order to cope with volatility in global energy prices, build energy security, and reduce oil imports. Mongkol Hengrojanasophon, chairman of the FTI's Energy Institute for Industry, said the proposal has three main approaches. The first is to set a long-term direction for gasohol E20 as the primary gasoline fuel for vehicles that can support it, starting with price mechanisms to incentivize consumers before developing cost structures across the entire supply chain to be competitive and reduce reliance on subsidy measures. The second is to study a system for using ethanol in flexible proportions, or E-Flex, alongside promoting domestically produced HEV-Flex hybrid vehicles and mHEV mild hybrid vehicles to support fuels with higher ethanol content. The third is to draw up a plan to raise the competitiveness of the biofuel supply chain, covering increased yields of sugarcane and cassava per rai, lower harvesting and transport costs, improved plant efficiency, and the development of sustainability standards and traceability systems, along with setting indicators such as yield per rai, raw material cost per liter of ethanol, production efficiency, and carbon emission intensity throughout the chain. The FTI therefore proposes formulating a national ethanol and biofuel strategy with clear long-term goals and action plans, and confirms the industry sector's readiness to help drive these approaches forward.

Cosmo Oil announced on the 17th that it will begin utilizing naphtha co-produced in the SAF manufacturing process together with Maruzen Petrochemical, Ube-Maruzen Polyethylene, and SAFFAIRE SKY ENERGY. At the SAF production facility within Cosmo Oil's Sakai Refinery, naphtha obtained during the production of SAF from waste cooking oil will be utilized as a raw material for chemicals. SAFFAIRE SKY ENERGY will produce the naphtha, Cosmo Oil will supply it, Maruzen Petrochemical will produce basic chemicals, and Ube-Maruzen Polyethylene will produce polyethylene for development into plastic products. The four companies plan to expand supply volumes and develop applications going forward, aiming to contribute to decarbonization in the chemical, textile, and packaging sectors.

OMV Petrom has expanded its planned green hydrogen production capacity at Romania's Petrobrazi refinery to 55 megawatts following the delivery of a second 35-MW electrolyzer. The new system, consisting of seven 5-MW electrolysis modules supplied by Germany's Neuman & Esser, will combine with a previously delivered 20-MW electrolyzer to produce around 8,000 tonnes of green hydrogen annually using renewable electricity. The hydrogen will primarily support OMV Petrom's new sustainable aviation fuel (SAF) and hydrotreated vegetable oil (HVO) plant, currently under construction at Petrobrazi. The 35-MW electrolyzer alone is expected to produce around 4,700 tonnes of hydrogen annually and has received approximately €29 million in financing through Romania's National Recovery and Resilience Plan. These hydrogen projects are part of a broader €750 million investment in sustainable fuels at Petrobrazi, which includes €560 million for the SAF/HVO plant and €190 million for the two green hydrogen facilities. The new plant will have capacity to produce 250,000 tonnes of sustainable fuels annually, with production scheduled to begin in 2028. OMV Petrom has already secured buyers for part of that output, including a five-year agreement with parent company OMV covering up to 360,000 tonnes of SAF and HVO beginning in 2028, with an estimated value exceeding €800 million at recent market prices. More than 80% of the plant's feedstock requirements for its first eight years have also been secured. Petrobrazi currently supplies roughly 35% of Romania's fuel demand and has an annual refining capacity of 4.5 million tonnes.