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Neste has decided to withdraw from investing into a 120 MW electrolyzer project to produce renewable hydrogen at its Porvoo refinery in Finland. The decision follows the completion of the basic engineering phase, which commenced in May 2023. The reasons behind the withdrawal are the company’s challenging market conditions and…

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As the demand for sustainable aviation fuel (SAF) is projected to grow tenfold by 2030, Universal Fuel Technologies (Unifuel) has secured $3 million in funding for its innovative Flexiforming technology. This breakthrough technology has the potential to reduce SAF production costs by up to 50% and carbon emissions by as…

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Neste and Braskem, the largest producer of thermoplastic resins in the Americas, have reached an agreement for the supply of renewable and recycled feedstocks for polymers and chemicals production. Braskem products based on these feedstocks are expected to be available on the market starting from the fourth quarter of 2024.…

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