Bosch, Shell, and Volkswagen Develop Renewable Gasoline with 20 Percent Lower CO₂ Emissions – Advanced BioFuels USA
advancedbiofuelsusa.info - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from advancedbiofuelsusa.info Daily Mail and Mail on Sunday newspapers.
Hemp cultivation and processing brand
HempFlax posted its full-year 2020 earnings report on Tuesday, with revenues of €14.5 million ($17.4 million), up 43% from 2019 s $10.1 million.
EBITDA increased 63% from 2019, totaling €1.8 million, marking the company s second profitable year. EBITDA margins increased to 12.7% from the previous year s 11.1%.
The company is touted as Europe s largest independent grower and processor of industrial hemp.
Other notable highlights from the period include:
616% increase in profit before tax up, totaling €659,000 for 2020
Revenue increases across the company s product line, including CBD, hemp-based plastic replacement, construction materials, animal wellness, agriculture and genetics and farming
1,089% gain in sales of construction materials stemming from the May 2020 acquisition of German natural fiber insulation manufacturer Thermo Natur
Bosch, Shell, and Volkswagen develop renewable gasoline with 20% lower CO2; rollout of Blue Gasoline this year
Following on the introduction of R33 Blue Diesel (earlier post), Bosch, Shell, and Volkswagen have now developed a low-carbon gasoline. The new fuel, called Blue Gasoline, similarly contains up to 33% renewables, ensuring a well-to-wheel reduction in carbon emissions of at least 20% per kilometer driven.
This means a fleet of 1,000 VW Golf VIII 1.5 TSIs alone could save more than 230 metric tons of CO₂ per year, assuming an annual mileage of 10,000 kilometers each. Shell will offset the remaining carbon emissions from the use of Blue Gasoline through certified offset arrangements. The initial plan is to make the fuel available at regular filling stations over the course of the year, starting in Germany.
Trinseo, ETB to collaborate on purified, bio-based 1,3-butadiene
Rubber & Plastics News Staff
Print
BERWYN, Pa. Trinseo has signed a letter of intent with Moscow-based ETB Catalytic Technologies to collaborate on the development of bio-based 1,3-butadiene.
ETB and Trinseo will jointly explore opportunities to scale up ETB s unique single-stage process to produce bio-based 1,3-butadiene from ethanol using polyfunctional catalyst technology.
Trinseo, with ETB s support, will conduct a feasibility study to explore the construction of a dedicated pilot plant at a Trinseo manufacturing location in Europe. The pilot plant would include a purification unit to achieve a purity target of 99.7 percent for bio-based 1,3-butadiene in support of green tire production, Trinseo said.
vimarsana © 2020. All Rights Reserved.