KUALA LUMPUR: Malaysia fully supports the Council of Palm Oil Producing Countries’ (CPOPC) move to submit an objection to Belgium which is planning to.
KUALA LUMPUR, May 26 Malaysia fully supports the Council of Palm Oil Producing Countries’ (CPOPC) move to submit an objection to Belgium which is planning to ban the use of palm oil as biofuel next year. CPOPC had made its objection through a letter dated May 24 to Belgian Prime Minister.
Beginning July 2021, the Company will sell approximately 900,000 MMBtu annually of is production, currently monetized under an expiring domestic floor-price agreement, to Iogen RC Fuels, under a new 4.5 year fixed-price agreement to make vehicle fuel to serve the European market.
Montauk’s ability to enter into this Agreement was due to being selected through an October 2020 RFP award for a portion of its RNG production based on then current pricing of RNG and attribute model trends at the time of bid. The award was contingent on registration of proposed production facilities under the International Sustainability & Carbon Certification (“ISCC”), an international certification system covering a multitude of bio-based feedstocks and renewables catering to energy, food, feed, and chemical sectors. Montauk earlier announced successful registration of three of its RNG production facilities whose production may be now used to meet mandatory targets for the use of renewable energy i
Montauk Renewables, Inc. Signs Agreement to Sell RNG for European Market Use
PITTSBURGH, May 06, 2021 (GLOBE NEWSWIRE) Montauk Renewables, Inc. (NASDAQ: MNTK) announced that it has signed an agreement to sell a portion of its Renewable Natural Gas (“RNG”) production as a feedstock to make fuel for the European market.
Beginning July 2021, the Company will sell approximately 900,000 MMBtu annually of is production, currently monetized under an expiring domestic floor-price agreement, to Iogen RC Fuels, LP (“Iogen”) under a new 4.5 year fixed-price agreement to make vehicle fuel to serve the European market.
Montauk’s ability to enter into this Agreement was due to being selected through an October 2020 RFP award for a portion of its RNG production based on then current pricing of RNG and attribute model trends at the time of bid. The award was contingent on registration of proposed production facilities under the International Sustainability & Carbon Certification (“I
(Biofuels International) Vopak is investing in the Port of Rotterdam for the storage of waste-based feedstocks for the production of biodiesel and sustainable aviation fuel. The market for energy from renewable sources in Europe is rising as a result of the European Union’s Renewable Energy Directive II.
A total of 16 new tanks with a combined capacity of 64,000 cubic metres will be built at Vopak’s Terminal Vlaardingen.
The renewable feedstocks that can be stored in the new tanks are waste materials, such as used cooking oil and tallow.
The terminal is strategically located within the Port of Rotterdam and is well connected for logistics by vessels, barges, trucks and trains.