Market Updates
© Copyright – Welhunt Materials Enterprise Co. Ltd. | Disclaimer/Terms conditions
© Copyright – Welhunt Materials Enterprise Co. Ltd.
Disclaimer/Terms conditions
Market Updates
© Copyright – Welhunt Materials Enterprise Co. Ltd. | Disclaimer/Terms conditions
© Copyright – Welhunt Materials Enterprise Co. Ltd.
Disclaimer/Terms conditions
DHL Signs Major SAF Deal with Neste Ahead of New EU Rules
DHL Express confirmed a new fuel agreement. The company signed a binding offtake contract with the renewable fuels producer Neste. Under this deal, DHL will receive 50 million liters of Sustainable Aviation Fuel (SAF) for deliveries in 2026.
The fuel will be used in DHL’s air cargo flights to help reduce carbon emissions. This deal is one of the first under the tightened ReFuelEU Aviation rules, which increase SAF requirements at European airports starting in 2026.
DHL moved early to lock in supply. The company expects SAF prices to rise once the new rules begin in January. Securing supply now helps DHL manage future costs and ensure fuel availability as demand grows.
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#DHL #Neste #SAF #ReFuelEU #Aviation #Offtake #2026 #AirCargo #EmissionsReduction
Glencore buys majority stake in Dutch fuel company FincoEnergies
Global commodity giant Glencore will take majority ownership of Dutch low-carbon fuel supplier FincoEnergies, marking a strategic move into energy transition markets. The deal strengthens Glencore’s downstream footprint in European transport fuels and biofuels while accelerating consolidation among trading houses seeking physical assets tied to decarbonization. FincoEnergies plans to expand renewable fuels, insetting credits, and low-carbon solutions across road, marine, and broader transport sectors, positioning itself as a key player in Europe’s clean energy shift.
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#Glencore #LowCarbonFuels #Biofuels #DownstreamAssets #Europe #TransportDecarbonization #EnergyTransition
Microsoft Secures 95.7 MW Solar Supply in Spain with Zelestra and ECODES
Microsoft signed a long-term Power Purchase Agreement (PPA) with Zelestra for 95.7 MWac of solar power from the Escatrón II and Fuendetodos II projects in Aragón, Spain, supporting its carbon-negative goals and expanding datacenter operations. The deal includes a community benefits fund managed by nonprofit ECODES to fund local sustainability, social inclusion, and access to green infrastructure for vulnerable groups, emphasizing just transition principles. This model integrates corporate renewable procurement with regional socioeconomic development, enhancing project resilience and local acceptance while aligning with Europe’s rising ESG expectations for energy buyers.
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#Microsoft #Spain #SolarPower #PPA #Sustainability #JustTransition #Datacenter #CommunityBenefits
Ørsted Becomes First Energy Major to Complete Full Green Transition
Danish utility Ørsted has become the first major energy company to complete a full green transition, reducing its Scope 1-2 greenhouse gas emissions by over 98% from its 2006 baseline and achieving 99% renewable energy share. The company closed its last coal-fired plant in 2024 and has built over 18 GW of renewable capacity, mainly offshore wind. Ørsted’s science-based targets are validated by SBTi, with a net-zero value chain goal set for 2040. The company now focuses on cutting Scope 3 emissions in its supply chain and collaborating for low-carbon materials and shipping solutions. This transition sets a benchmark for the global energy sector ahead of COP30.
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#Ørsted #Denmark #GreenTransition #RenewableEnergy #NetZero #SBTi #OffshoreWind
Mitsubishi, Shell Back Avnos with $17M to Build Flagship Carbon Removal Facility in the U.S.
Mitsubishi Corporation (Americas) and Shell US Gas and Power have jointly provided up to $17 million in phased financing to Avnos for developing Project Cedar, its flagship hybrid direct air capture (HDAC) facility in the U.S. The project aims to capture around 3,000 metric tons of CO₂ annually and produce over 6,000 tons of clean water as a by-product, with operations expected by the end of 2026. Avnos’ water-positive HDAC technology offers more resource efficiency and wider geographic deployment potential. The funding reflects strong investor confidence, supporting the shift from pilot to commercial-scale carbon removal.
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#Mitsubishi #Shell #Avnos #CarbonRemoval #HDAC #CleanWater #US #ClimateTech #Investment
Google’s Bold Climate Actions: AI in the Amazon and Solar Power in Space
Google has partnered with Brazilian reforestation company Mombak to purchase 200,000 metric tons of carbon removal, supporting Amazon forest restoration with native tree species. The project will use AI and bioacoustics through Google DeepMind’s Perch to monitor biodiversity recovery, enhancing transparency and credibility. Mombak is recognized for high-integrity nature-based solutions and recently raised $30 million to scale operations. Google also launched Project Suncatcher, aiming to build solar-powered data centers in space, enhancing clean energy supply and reducing terrestrial resource use. This dual approach integrates technology and nature for sustainable climate impact.
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#Google #AI #Amazon #CarbonRemoval #Reforestation #SolarPower #Sustainability #TechForGood
PETRONAS CCS Ventures Sdn Bhd Receives Malaysia’s First Offshore Assessment Permit for Carbon Capture and Storage
Petronas CCS Ventures Sdn Bhd (PCCSV), a wholly owned unit of Petronas, has received Malaysia’s first offshore assessment permit for carbon capture and storage (CCS) at the Duyong field offshore Peninsular Malaysia. The permit, granted by the Malaysia Carbon Capture, Utilisation, and Storage Agency (MyCCUS) under the newly enacted Carbon Capture, Utilisation, and Storage Act (CCUS Act 2025), allows geological assessment to confirm the site’s feasibility as a carbon storage site. PCCSV collaborates with TotalEnergies and Mitsui under a Key Principles Agreement to advance technical studies with plans to move into front-end engineering design, aiming to establish a commercially viable CCS hub by 2029. This milestone positions Malaysia as a regional leader in CCS and supports national carbon reduction goals aligned with its Net Zero target for 2050.
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#PETRONAS #Malaysia #CCS #CarbonCapture #Offshore #NetZero #CCUSAct2025 #Partnership
Xpansiv Announces Acquisition of Evident to Strengthen Global Renewable Energy Markets
Xpansiv has fully acquired Evident Group, combining their renewable energy certificate (REC) registries into a global clean energy registry leader with over 300 GW capacity. This merger advances Xpansiv’s strategy to expand its global renewable energy market presence through organic growth and acquisitions. Evident continues as an independent certification body under I-TRACK Foundation oversight, ensuring market transparency and integrity. The acquisition responds to growing global demand for renewable energy certificates, driven by sectors like data centers and electric vehicles, supporting the global energy transition.
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#Xpansiv #Evident #REC #RenewableEnergy #CleanEnergy #MarketIntegration #Certification