Latest news with #HVO
BBC News
07-07-2025
- Automotive
- BBC News
Calderdale Council to spend £56k on fleet's eco-fuel
Using eco-fuel will cost Calderdale Council an additional £56,000 a year but will lead to savings on maintenance and prolong the life of its vehicles, according to the council has started using hydro-treated vegetable oil (HVO) instead of diesel to power its the high cost of the fuel was raised at a question and answer session with Silvia Dacre, cabinet member for resources, said the use of HVO would "delay the need to support capital expenditure" to replace the vehicles. "It also reduces maintenance costs, so that is the upside of continuing to use this fuel," Dacre leader Jane Scullion added that HVO fuel was also cleaner than diesel, according to the Local Democracy Reporting to highlights from West Yorkshire on BBC Sounds, catch up with the latest episode of Look North.
Yahoo
26-06-2025
- Business
- Yahoo
XCF Global and Continual Renewable Ventures Announce Memorandum of Understanding to Launch New Rise Australia, a SAF and HVO Platform Powered by XCF
Parties negotiating terms of definitive agreement Agreement intended to launch New Rise Australia as a SAF and HVO platform driven by XCF's patent-pending site design and configuration Agreement expected to include equity stake, license fees, and exclusive rights to the Australian market Intended partnership in line with announced strategy regarding international expansion HOUSTON, TX and SOUTH PERTH, WESTERN AUSTRALIA / ACCESS Newswire / June 26, 2025 / XCF Global, Inc. ("XCF") (NASDAQ:SAFX), a key player in decarbonizing the aviation industry through Synthetic Aviation Fuel ("SAF"), and Continual Renewable Ventures Pty. Ltd. ("Continual"), an Australian-based company with a focus on advancing SAF and hydrotreated vegetable oil ("HVO"), also known as renewable diesel, today announced the signing of a non-binding Memorandum of Understanding ("MOU") that seeks to launch New Rise Australia Pty. Ltd. ("New Rise AU"), a venture dedicated to the development and commercialization of synthetic aviation fuel projects across Australia. New Rise AU is expected to operate under a licensing agreement that leverages XCF's integrated SAF platform - including patent-pending site design, configuration, and layout that shortens development timelines and improves capital efficiency. Designed for rapid deployment and scalable growth, the first Australian facility is expected to follow the blueprint of XCF's New Rise Reno facility. "This partnership underscores the strength of XCF's platform and validates our unique, capital-efficient approach to facility development. Our patent-pending site design and modular configuration give ventures like New Rise AU a strategic head start in high-demand markets," said Mihir Dange, Chief Executive Officer and Board Chair of XCF Global. "The Australian market is primed for SAF growth, with strong regulatory support, rising demand from the aviation sector, and a focus on cutting emissions. We're excited to bring our blueprint to the region and proud to work alongside a team that shares our ambition to accelerate the clean energy transition." Renzo Petersen, Director of Continual, added: "We chose XCF because of their innovative approach to SAF and HVO facility design, which enables faster, more efficient deployment at scale. This partnership gives us a head start in building Australia's next-generation SAF and HVO infrastructure. We're proud to collaborate with XCF to bring SAF and HVO solutions to Australia. Together, we're laying the foundation for a scalable, commercially viable platform that supports Australia's decarbonization goals and positions New Rise AU as a regional leader in sustainable fuel." Today's announcement marks a key milestone in XCF's international expansion strategy and builds on the company's momentum following the recent commissioning of its New Rise Reno facility in Reno, Nevada and listing on the Nasdaq Capital Market. Definitive agreements are expected to be completed in the coming months, with legal, technical, and commercial diligence already underway. However, there can be no assurance that the parties will enter into definitive agreements in a timely manner or at all, or, if definitive agreements are reached, that the terms will be consistent with the terms outlined in the MOU. About XCF Global, Global, Inc. is a pioneering synthetic aviation fuel company dedicated to accelerating the aviation industry's transition to net-zero emissions. XCF is developing and operating state-of-the-art clean fuel SAF production facilities engineered to the highest levels of compliance, reliability, and quality. The company is actively building partnerships across the energy and transportation sectors to accelerate the adoption of SAF on a global scale. XCF is currently listed on the Nasdaq Capital Market and trades under the ticker, SAFX. To learn more, visit About Continual Renewable Ventures Pty. Renewable Ventures Pty. Ltd. is an Australian-based company committed to building the infrastructure required to support the long-term decarbonization of the transportation industry in Australia. With a focus on advancing SAF and HVO projects, the company brings together an experienced team of seasoned entrepreneurs, engineers, and Indigenous business leaders who are united by a shared commitment to innovation, sustainability, and economic development. Forward-Looking StatementsThis Press Release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expect", "intend", "will", "estimate", "anticipate", "believe", "predict", "potential" or "continue", or the negatives of these terms or variations of them or similar terminology. These forward-looking statements, including, without limitation, statements regarding XCF Global's expectations with respect to future performance and anticipated financial impacts of the Business Combination, estimates and forecasts of other financial and performance metrics, and projections of market opportunity and market share, are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by XCF Global and its management, are inherently uncertain and subject to material change. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) changes in domestic and foreign business, market, financial, political, and legal conditions; (2) unexpected increases in XCF Global's expenses resulting from potential inflationary pressures and rising interest rates, including manufacturing and operating expenses and interest expenses; (3) the occurrence of any event, change or other circumstances that could give rise to the termination of negotiations and any agreements with regard to XCF Global's offtake arrangements; (4) the outcome of any legal proceedings that may be instituted against the parties to the Business Combination Agreement or others; (5) XCF Global's ability to meet Nasdaq's continued listing standards; (6) XCF Global's ability to integrate the operations of New Rise and implement its business plan on its anticipated timeline; (7) XCF Global's ability to raise financing in the future and the terms of any such financing; (8) New Rise's ability to produce the anticipated quantities of SAF without interruption or material changes to the SAF production process; (9) XCF Global's ability to resolve current disputes between New Rise and its landlord with respect to the ground lease for the New Rise Reno facility; (10) XCF Global's ability to resolve current disputes between New Rise and its primary lender with respect to loans outstanding that were used in the development of the New Rise Reno facility; (11) costs related to the Business Combination and the New Rise acquisitions; (12) the risk of disruption to the current plans and operations of XCF Global as a result of the consummation of the Business Combination; (13) XCF Global's ability to recognize the anticipated benefits of the Business Combination and the New Rise acquisitions, which may be affected by, among other things, competition, the ability of XCF Global to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (14) changes in applicable laws or regulations; (15) risks related to extensive regulation, compliance obligations and rigorous enforcement by federal, state, and non-U.S. governmental authorities; (16) the possibility that XCF Global may be adversely affected by other economic, business, and/or competitive factors; (17) the availability of tax credits and other federal, state or local government support; (18) risks relating to XCF Global's and New Rise's key intellectual property rights; (19) the risk that XCF Global's reporting and compliance obligations as a publicly-traded company divert management resources from business operations; (20) the effects of increased costs associated with operating as a public company; and (21) various factors beyond management's control, including general economic conditions and other risks, uncertainties and factors set forth in XCF Global's filings with the Securities and Exchange Commission ("SEC"), including the final proxy statement/prospectus relating to the Business Combination filed with the SEC on February 6, 2025, this Press Release and other filings XCF Global makes with the SEC in the future. If any of the risks actually occur, either alone or in combination with other events or circumstances, or XCF Global's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that XCF Global does not presently know or that it currently believes are not material that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect XCF Global's expectations, plans or forecasts of future events and views as of the date of this Press Release. These forward-looking statements should not be relied upon as representing XCF Global's assessments as of any date subsequent to the date of this Press Release. Accordingly, undue reliance should not be placed upon the forward-looking statements. While XCF Global may elect to update these forward-looking statements at some point in the future, XCF Global specifically disclaims any obligation to do so. ContactsXCF Global, Inc.:Chris Santa Cruzinvest@ For Media:Fatema Bhabrawalafbhabrawala@ SOURCE: XCF Global, Inc. View the original press release on ACCESS Newswire
BBC News
25-06-2025
- Automotive
- BBC News
How vegetable oil could help Swindon council reduce emissions
A council could reduce carbon emissions by tonnes if its fleet of vehicles switched to running on vegetable oil, its officers to a Swindon Borough Council report, the move would save 1,703 tonnes of carbon dioxide emissions a year - the equivalent of an 81% cut in the fleet's the report added running all suitable vehicles on hydrated vegetable oil would mean fuel costs rising by up to £150, report said: "Transitioning the fleet to HVO fuel will contribute to making Swindon greener and better." Hydrated vegetable oil can be made from sources such as vegetable oils, used cooking oil and animal fats by adding hydrogen and removing oxygen and other impurities, the Local Democracy Reporting Service can be used directly in engines which normally run on conventional diesel. In 2024, the council's diesel fleet of lorries, vans and cars emitted 2,194 tonnes of carbon dioxide - which is three times the emissions from heating and lighting 11 of the council's report said another alternative would be to buy electric refuse vehicles, but this would be "significantly more expensive" and "not viable".No final decision has been made.
Daily Mirror
21-06-2025
- Automotive
- Daily Mirror
Major car brand opens up about what 3-letter symbol on your fuel cap means
Brits are being encouraged to check their car's fuel cap for a three-letter symbol that shows whether their motor is ready to use a type of diesel that not only protects your car - but also the planet UK motorists are only just discovering what a common three-letter symbol on your car's fuel cap actually means. The next time you go to fill up your vehicle, check for a capitalised abbreviation found near the fuel cap, which will show whether your motor is ready to use a type of diesel that not only protects your car, but also the planet. This initialism, which is steadily becoming more common on vehicles, means they are compatible with a much more eco-friendly energy source called paraffinic diesel — clean, synthetic fuel characterised by its high purity, near-zero sulphur and very low aromatic content. Across Europe, compatibility with such fuels is signified by the letters "XTL". Demand for renewable diesel — also known as hydrotreated vegetable oil (HVO) and R99 — has been increasing in recent years, with major investments in the renewable diesel supply chain enabling broader access for businesses. Among the manufacturers leading the charge with this greener tech is Škoda — many of the company's diesel models use HVO, which can reduce CO₂ emissions across the fuel and vehicle lifecycle by up to 90 per cent. Tests have shown HVO can be used without any issues in most Škoda diesel cars manufactured from 2015 onwards. Martin Řepka from the Škoda Auto Technical Development team said: "The key is how the fuel is made. HVO diesel is mostly produced from used cooking oils and waste vegetable oils. These plants absorbed CO₂ from the atmosphere by photosynthesis while growing, and that same CO₂ is released again when the fuel is burned." Cars that can use HVO have a label inside the fuel tank cover or around the filler neck itself. It will say both B7 (standard diesel) and XTL. If you see XTL, you're good to go — you can fill up with HVO without worry. XTL stands for X-to-Liquid — a synthetic diesel that meets the EN15940 standard for paraffinic fuels. These can be made in several ways: BTL (biomass-to-liquid) from biomass, GTL (gas-to-liquid) from natural gas or biogas, and PTL (power-to-liquid) from CO₂ and water using renewable electricity. Emphasising the fuel's trouble-free nature, Martin from Škoda said: 'Technical difficulties, such as degradation of rubber seals or fuel system components do not occur when using HVO, unlike ethanol-based fuels.' He added: "According to tests, HVO can last in the tank for more than 10 years without degrading and does not damage the fuel system in any way." This makes HVO an excellent choice for long-term storage. Its high cetane number means more efficient combustion. Reduces CO₂ emissions by up to 90 per cent. Produces fewer harmful emissions, especially particles which then reduces the frequency of particulate filter regeneration. Reduces engine buildup and deposits. Can be stored in the tank for up to 10 years without any signs of degradation. Doesn't absorb moisture from the air. So if your vehicle has the XTL label, you can most probably use renewable diesel. However, it is always advisable to check your manufacturer's guidelines to ensure it's compatible with all equipment and warranties.
Associated Press
19-06-2025
- Business
- Associated Press
UK Power Rental Market Assessment & Forecast Report 2025-2030 with Focus on the Impact of Tariffs
DUBLIN--(BUSINESS WIRE)--Jun 19, 2025-- The 'UK Power Rental Market - Strategic Assessment & Forecast 2025-2030" report has been added to offering. The UK Power Rental Market was valued at USD 335 Million in 2024, and is projected to reach USD 451.10 Million by 2030, rising at a CAGR of 5.08%. The UK is a leading power rental market in Europe, with total rental equipment valued at USD 6–7 billion in 2024, according to the Europe Rental Association (ERA). The power rental segment is highly fragmented, with the top four companies holding only one-third of the market. The UK rental market offers a diverse range of equipment, from large earth-moving machines to small power tools. Diesel-powered equipment continues to dominate the UK power rental market. However, growing environmental concerns are driving demand for alternative fuels such as HVO, hydrogen, and biofuels. The 375 KVA–1000 KVA range sees the highest demand due to its widespread use across industries like construction and mining. Power rentals are especially in demand in the construction, utilities, and IT & data center sectors, fueled by rising investments in infrastructure and a surge in data center development. England and Scotland show particularly strong demand, with extreme weather conditions—including heavy rainfall and storms—further increasing the need for temporary power solutions. Generators are the most commonly rented power equipment. Diesel generators are widely used for backup power in events, retail, and utilities, while natural gas-powered generators are gaining a growing share of the market. MARKET DRIVERS & OPPORTUNITIES UK Government Policies for Energy Transition Support the Power Rental Market Growth The UK government has increased its focus on achieving the goal of carbon neutrality in 2025. The government has introduced several policies for energy transition across the country. The government planned to invest in a cleaner and resilient energy system under the Powering up Britain program in 2024. It aims to achieve the goal of carbon neutrality by 2050 through various initiatives such as expanding renewable energy sources such as wind, hydro & solar, and boosting the domestic energy production of the country. In 2024, the Industrial Decarbonization and Hydrogen Revenue Support (IDHRS) scheme witnessed total funding of USD 27.9 million. The scheme allocated the funds for industrial carbon capture, utilization, & storage projects and hydrogen production. The funding is also directed towards the development of new hydrogen-to-power business models. Demand for Rental Equipment Backed by Infrastructure Investments by the Government In 2024, the UK government has committed to unlocking USD 95.92 billion for private investment by 2030 and supporting the development of green industries by 2050. The government has laid out USD 490.2 billion for the infrastructure in its National Infrastructure and Construction Pipeline. This investment will include USD 74.6 billion for the transport infrastructure and USD 45.8 billion for social structures such as schools, housing, and healthcare. Government infrastructure investment is focused on accelerating the construction of critical infrastructure projects across the country. Key focus areas of investment include decarbonization of the electricity grid and investment in net-zero power generation capacity. Investment is directed toward clean energy generation through wind, solar, and nuclear, and upgrading the energy distribution infrastructure. In addition to this, the government is also planning to invest in housing projects under the New Town Development projects and the development of essential infrastructure such as healthcare facilities and public transport. Investment is also directed toward the development of rail and roadways to improve connectivity across the country. Such a growing number of investments in the project is projected to support the U.K. power rental market growth. Use of Alternative Fuel in Rental Equipment In 2025, European rental companies are focusing on reducing carbon emissions and transitioning to more sustainable energy solutions. Presently, diesel-powered rental equipment is mainly used for rental purposes across the UK. However, the rental companies are exploring alternative fuel options like biofuels, hydrogen, and electricity for powering their rental equipment. In June 2021, Aggreko undertook its first pilot project of a 50kVA hydrogen combustion power generation unit at its depot in Moerdijk, Netherlands. The companies in the U.K. power rental market are attempting to transition towards fleets powered by low-carbon fuel alternatives such as hydrotreated vegetable oil (HVO) or natural gas, which are less polluting than diesel. HVO is made from waste vegetable and animal fats that can be used as a replacement for diesel, which leads to high carbon emissions. Fluctuation in Diesel Prices Impacts U.K. Power Rental Market Diesel-powered generators have a significant market share of over 70% in the U.K. power rental market. It is mainly used in construction, mining, retail, oil & gas and IT industries. However, fluctuations in the prices of diesel can negatively impact the U.K. power rental market. In 2025, the diesel prices witnessed an increase, with the average price rising from 142.9p in January to 145.7p in February 2025. The prices of diesel have increased fourth consecutive month. The prices increased by over 4% in February 2025 compared to February 2024. Several factors have led to the rise in diesel prices in the UK market. Rise in crude oil prices in the global market, supply chain constraints, and variation in currency exchange of the pound & dollar. U.K. POWER RENTAL MARKET GEOGRAPHICAL ANALYSIS According to an IEA report, the UK's total electricity consumption in 2024 was 324.084 GWh. The power demand was highest in the England region, followed by Scotland and Wales. In 2024, the UK experienced extreme weather conditions, including heavy rainfalls and thunderstorms, such as those from storms Henk, Kathleen, and Bert, which caused flooding and strong winds that disrupted the power supply. As a result, these regions are expected to see higher demand for power rentals and support the U.K. power rental market growth. IMPACT OF TARIFFS COMPETITIVE LANDSCAPE Prominent Vendors Other Prominent Vendors SEGMENTATION & FORECAST Segmentation By Fuel Segmentation By Power Rating Segmentation By Equipment Segmentation By End-User Segmentation By Application Key Attributes: For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on CONTACT: Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: UNITED KINGDOM EUROPE INDUSTRY KEYWORD: TRUCKING AUTOMOTIVE TRANSPORT OIL/GAS MANUFACTURING ALTERNATIVE ENERGY ENERGY MACHINERY FLEET MANAGEMENT SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 06/19/2025 08:48 AM/DISC: 06/19/2025 08:47 AM
