Latest news with #Neste
Business Times
15-07-2025
- Business
- Business Times
DHL Express and Neste sign deal for 7,400 tonnes of sustainable aviation fuel
[SINGAPORE] Finnish oil and fuel producer Neste will provide 7,400 tonnes, or around 9.5 million litres, of sustainable aviation fuel to parcel-delivery giant DHL Express in Singapore. By volume, the contract is one of the largest of its kind for the air cargo sector in Asia, and will last from July 2025 to June 2026. DHL Express did not comment on the cost of the deal. Neste will supply the fuel from its refinery in Singapore to five Boeing 777 freighters that operate from DHL Express' South Asia Hub at Changi Airport. The fuel provided will account for around 35 to 40 per cent of the total used by the fleet. The use of sustainable aviation fuel is expected to reduce carbon emissions from the fleet by around 24,000 tonnes over the duration of the contract. Reliance on this type of fuel is expected to increase in the region in the coming years as countries introduce usage targets for sustainable aviation fuel to reduce emissions in their aviation sectors. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up For example, Singapore aims for a 1 per cent target beginning in 2026, raising it to 3 to 5 per cent by 2030. Both India and South Korea aim for departing international flights to use 1 per cent of sustainable aviation fuel from 2027. Additionally, the International Civil Aviation Organization's Carbon Offsetting and Reduction Scheme for International Aviation, which will require airlines to offset their carbon emissions from flights, comes into force in 2027. In January, DHL Express signed its first sustainable aviation fuel deal in Asia with Cosmo Oil Marketing for the supply of 7.2 million litres of the fuel to its air freighters in Japan, beginning in April. In May, Singapore Airlines Group signed a deal with Neste for 1,000 tonnes of sustainable aviation fuel.
Yahoo
14-07-2025
- Business
- Yahoo
Next-Gen Feedstocks for Sustainable Chemicals Market Analysis Report 2025-2034
The global next-gen feedstocks for sustainable chemicals market is evolving rapidly as industries adopt circular economy principles. Fueled by environmental concerns and stricter emission regulations, this market focuses on using alternative materials like biomass, waste, and CO2. Key players such as Neste and Enerkem are pioneering waste-to-chemical technologies. Although challenges like high bio-feedstock costs persist, advancements in chemical recycling and carbon capture present innovation opportunities. North America leads in production growth due to robust sustainable chemical adoption. Major segments include bio-based feedstocks in chemicals and petrochemicals, with rising consumer demand propelling market momentum. Next-Gen Feedstocks for Sustainable Chemicals Market Dublin, July 14, 2025 (GLOBE NEWSWIRE) -- The "Next-Gen Feedstocks for Sustainable Chemicals Market - A Global and Regional Analysis: Focus on Product, Application, and Country Analysis - Analysis and Forecast, 2025-2034" report has been added to global next-gen feedstocks for sustainable chemicals market is forecast to reach $2.13 billion by 2034 from $532.8 million in 2025, growing at a CAGR of 16.7% The global next-gen feedstocks for sustainable chemicals market is experiencing significant transformation as industries increasingly embrace sustainable practices and circular economy principles. This market focuses on the development and utilization of alternative raw materials such as biomass, waste, and captured carbon dioxide to produce chemicals, polymers, and fuels. Key factors driving market growth include growing environmental concerns, tightening regulations on emissions, and heightened consumer demand for eco-friendly products. Companies are under pressure to shift from traditional fossil-based feedstocks to renewable and circular alternatives. Technological advancements in areas like carbon capture, chemical recycling, and synthetic biology are enabling the efficient conversion of waste and other unconventional materials into valuable companies, such as Neste and Enerkem, are leading efforts in waste-to-chemical technologies, underscoring the growing importance of sustainable feedstock solutions. However, challenges such as the high cost of bio-based feedstocks, scalability issues, and infrastructure gaps persist. Despite these hurdles, the market presents considerable opportunities for innovation, especially as industries continue to align with sustainability goals and advance new technologies. The transition to next-gen feedstocks is seen as a crucial step in building a sustainable future for the chemicals Lifecycle StageThe next-gen feedstocks for sustainable chemicals Market is currently in the growth stage of its lifecycle. While the concept of sustainable feedstocks is not new, the market has seen a rapid increase in investments, technological advancements, and commercial interest in recent years. This growth is largely driven by the urgent need to transition away from fossil-based resources toward renewable and circular alternatives due to mounting environmental concerns and stricter innovations in areas such as bio-based chemicals, chemical recycling, and carbon capture are making these feedstocks more viable for large-scale production. Additionally, corporate sustainability commitments and rising consumer demand for eco-friendly products are propelling the adoption of next-gen feedstocks across various industries. Key Market Players and Competition SynopsisThe companies that are profiled have been selected based on thorough secondary research, which includes analyzing company coverage, product portfolio, market penetration, and insights gathered from primary next-gen feedstocks for sustainable chemicals market comprises key players who have established themselves thoroughly and have the proper understanding of the market, accompanied by start-ups who are looking forward to establishing themselves in this highly competitive next-gen feedstocks for sustainable chemicals market. With the growth in advancements in recycling technologies among the nations, more players will enter the global next-gen feedstocks for sustainable chemicals market with each passing year. Demand Drivers and Limitations The following are the demand drivers for the global Next-Gen Feedstocks for Sustainable Chemicals market: Growing Demand for Sustainable and Eco-friendly Products Increasing Regulatory Pressure for Sustainable Practices The global Next-Gen Feedstocks for Sustainable Chemicals market is expected to face some limitations as well due to the following challenges: High Production Costs of Bio-based Feedstocks Limited Recycling Infrastructure Next-Gen Feedstocks for Sustainable Chemicals Market Segmentation End-User: The Chemicals and Petrochemicals is one of the prominent application segments in the global next-gen feedstocks for sustainable chemicals market. Chemicals and Petrochemicals Pharmaceuticals Energy Paper and Pulp Building and Construction Others Feedstock: The global next-gen feedstocks for sustainable chemicals market is estimated to be led by the Bio-based Feedstock segment in terms of type. Bio-based Feedstock Lignocellulosic Non-Lignocellulosic Municipal Waste Agricultural and Forestry Waste Carbon Capture and Utilization Others Region: In the next-gen feedstocks for sustainable chemicals market, North America is anticipated to gain traction in terms of Next-Gen feedstocks production, owing to the continuous growth in the adoption of sustainable chemicals and the presence of key manufacturers in the regions. North America - U.S., Canada, and Mexico Europe - Germany, France, Italy, Spain, U.K., and Rest-of-Europe Asia-Pacific - China, Japan, South Korea, India, and Rest-of-Asia-Pacific and Japan Rest-of-the-World - South America and Middle East and Africa Key Attributes: Report Attribute Details No. of Pages 120 Forecast Period 2025 - 2034 Estimated Market Value (USD) in 2025 $532.8 Million Forecasted Market Value (USD) by 2034 $2130 Million Compound Annual Growth Rate 16.6% Regions Covered Global Market Dynamics Trends: Current and Future Impact Assessment Stakeholder Analysis Use Case End User and Buying Criteria Market Dynamics Overview Market Drivers Market Restraints Market Opportunities Regulatory & Policy Impact Analysis Technological Innovations Green chemistry principles Circular economy approaches Advanced recycling technologies Electrification of chemical processes Digitalization and AI in chemical design Synthetic biology and metabolic engineering Patent Analysis Start-Up Landscape Investment Landscape and R&D Trends Future Outlook and Market Roadmap Supply Chain Analysis Value Chain Analysis Global Pricing Analysis Industry Attractiveness Competitive Landscape NatureWorks LLC Aker Carbon Capture ASA Darling Ingredients Inc. Drax Group PLC Enerkem Genan Holding A/S Neste Oyj Poet, LLC Resourceco Sustainable Feedstocks Group Overview Top Products/Product Portfolio Top Competitors Target Customers Key Personnel Analyst View Market Share 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. Attachment Next-Gen Feedstocks for Sustainable Chemicals Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ 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 +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-07-2025
- Business
- Yahoo
Next-Gen Feedstocks for Sustainable Chemicals Market Analysis Report 2025-2034
The global next-gen feedstocks for sustainable chemicals market is evolving rapidly as industries adopt circular economy principles. Fueled by environmental concerns and stricter emission regulations, this market focuses on using alternative materials like biomass, waste, and CO2. Key players such as Neste and Enerkem are pioneering waste-to-chemical technologies. Although challenges like high bio-feedstock costs persist, advancements in chemical recycling and carbon capture present innovation opportunities. North America leads in production growth due to robust sustainable chemical adoption. Major segments include bio-based feedstocks in chemicals and petrochemicals, with rising consumer demand propelling market momentum. Next-Gen Feedstocks for Sustainable Chemicals Market Dublin, July 14, 2025 (GLOBE NEWSWIRE) -- The "Next-Gen Feedstocks for Sustainable Chemicals Market - A Global and Regional Analysis: Focus on Product, Application, and Country Analysis - Analysis and Forecast, 2025-2034" report has been added to global next-gen feedstocks for sustainable chemicals market is forecast to reach $2.13 billion by 2034 from $532.8 million in 2025, growing at a CAGR of 16.7% The global next-gen feedstocks for sustainable chemicals market is experiencing significant transformation as industries increasingly embrace sustainable practices and circular economy principles. This market focuses on the development and utilization of alternative raw materials such as biomass, waste, and captured carbon dioxide to produce chemicals, polymers, and fuels. Key factors driving market growth include growing environmental concerns, tightening regulations on emissions, and heightened consumer demand for eco-friendly products. Companies are under pressure to shift from traditional fossil-based feedstocks to renewable and circular alternatives. Technological advancements in areas like carbon capture, chemical recycling, and synthetic biology are enabling the efficient conversion of waste and other unconventional materials into valuable companies, such as Neste and Enerkem, are leading efforts in waste-to-chemical technologies, underscoring the growing importance of sustainable feedstock solutions. However, challenges such as the high cost of bio-based feedstocks, scalability issues, and infrastructure gaps persist. Despite these hurdles, the market presents considerable opportunities for innovation, especially as industries continue to align with sustainability goals and advance new technologies. The transition to next-gen feedstocks is seen as a crucial step in building a sustainable future for the chemicals Lifecycle StageThe next-gen feedstocks for sustainable chemicals Market is currently in the growth stage of its lifecycle. While the concept of sustainable feedstocks is not new, the market has seen a rapid increase in investments, technological advancements, and commercial interest in recent years. This growth is largely driven by the urgent need to transition away from fossil-based resources toward renewable and circular alternatives due to mounting environmental concerns and stricter innovations in areas such as bio-based chemicals, chemical recycling, and carbon capture are making these feedstocks more viable for large-scale production. Additionally, corporate sustainability commitments and rising consumer demand for eco-friendly products are propelling the adoption of next-gen feedstocks across various industries. Key Market Players and Competition SynopsisThe companies that are profiled have been selected based on thorough secondary research, which includes analyzing company coverage, product portfolio, market penetration, and insights gathered from primary next-gen feedstocks for sustainable chemicals market comprises key players who have established themselves thoroughly and have the proper understanding of the market, accompanied by start-ups who are looking forward to establishing themselves in this highly competitive next-gen feedstocks for sustainable chemicals market. With the growth in advancements in recycling technologies among the nations, more players will enter the global next-gen feedstocks for sustainable chemicals market with each passing year. Demand Drivers and Limitations The following are the demand drivers for the global Next-Gen Feedstocks for Sustainable Chemicals market: Growing Demand for Sustainable and Eco-friendly Products Increasing Regulatory Pressure for Sustainable Practices The global Next-Gen Feedstocks for Sustainable Chemicals market is expected to face some limitations as well due to the following challenges: High Production Costs of Bio-based Feedstocks Limited Recycling Infrastructure Next-Gen Feedstocks for Sustainable Chemicals Market Segmentation End-User: The Chemicals and Petrochemicals is one of the prominent application segments in the global next-gen feedstocks for sustainable chemicals market. Chemicals and Petrochemicals Pharmaceuticals Energy Paper and Pulp Building and Construction Others Feedstock: The global next-gen feedstocks for sustainable chemicals market is estimated to be led by the Bio-based Feedstock segment in terms of type. Bio-based Feedstock Lignocellulosic Non-Lignocellulosic Municipal Waste Agricultural and Forestry Waste Carbon Capture and Utilization Others Region: In the next-gen feedstocks for sustainable chemicals market, North America is anticipated to gain traction in terms of Next-Gen feedstocks production, owing to the continuous growth in the adoption of sustainable chemicals and the presence of key manufacturers in the regions. North America - U.S., Canada, and Mexico Europe - Germany, France, Italy, Spain, U.K., and Rest-of-Europe Asia-Pacific - China, Japan, South Korea, India, and Rest-of-Asia-Pacific and Japan Rest-of-the-World - South America and Middle East and Africa Key Attributes: Report Attribute Details No. of Pages 120 Forecast Period 2025 - 2034 Estimated Market Value (USD) in 2025 $532.8 Million Forecasted Market Value (USD) by 2034 $2130 Million Compound Annual Growth Rate 16.6% Regions Covered Global Market Dynamics Trends: Current and Future Impact Assessment Stakeholder Analysis Use Case End User and Buying Criteria Market Dynamics Overview Market Drivers Market Restraints Market Opportunities Regulatory & Policy Impact Analysis Technological Innovations Green chemistry principles Circular economy approaches Advanced recycling technologies Electrification of chemical processes Digitalization and AI in chemical design Synthetic biology and metabolic engineering Patent Analysis Start-Up Landscape Investment Landscape and R&D Trends Future Outlook and Market Roadmap Supply Chain Analysis Value Chain Analysis Global Pricing Analysis Industry Attractiveness Competitive Landscape NatureWorks LLC Aker Carbon Capture ASA Darling Ingredients Inc. Drax Group PLC Enerkem Genan Holding A/S Neste Oyj Poet, LLC Resourceco Sustainable Feedstocks Group Overview Top Products/Product Portfolio Top Competitors Target Customers Key Personnel Analyst View Market Share 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. Attachment Next-Gen Feedstocks for Sustainable Chemicals Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ 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 +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Trade Arabia
11-06-2025
- Business
- Trade Arabia
Chevron Lummus, Neste to convert biomass waste to renewable fuels
Chevron Lummus Global (CLG) and Neste, a leading global producer of sustainable aviation fuel and renewable diesel, announced their progress in developing new technology for converting lignocellulosic biomass into high-quality, lower-emission renewable fuels. CLG, a joint venture between Chevron US and Lummus Technology, is a leading technology provider for the production of renewable and conventional transportation fuels, premium base oils, and sustainable petrochemicals from a wide range of feedstocks. Through close collaboration at CLG's state-of-the-art R&D facility in the US, Neste and CLG have successfully demonstrated proof of concept for converting lignocellulosic waste into renewable fuels, with highly promising initial results, it stated. On the new venture, Chevron Lummus Global CEO Rajesh Samarth said: "Our collaboration and initial success demonstrate the complementary strengths of Neste and CLG to create a powerful, scalable platform to produce renewable fuel from lignocellulosic raw material." "By advancing the hydroprocessing of diverse feedstocks, we're not only expanding the possibilities for renewable fuels but also setting a new benchmark for innovation in sustainable energy," he stated. The partnership combines CLG's extensive experience and proven track record in developing and licensing market leading refining technologies with Neste's pioneering expertise and global leadership in renewable fuels. With a successful proof of concept, the partners are now advancing to the next phase - further validating the process for commercial-scale deployment and unlocking the full potential of this abundant, underutilized feedstock. Lars Peter Lindfors, Senior Vice President of Technology and Innovation at Neste, pointed out that lignocellulosic waste and residues can make an important contribution as a new and scalable raw material pool for renewable fuels. "The technology development with CLG has progressed well and we are very encouraged by the initial results. Unlocking the potential of these promising raw materials would allow us to meet the growing demand of renewable fuels in the long-term and contribute to ambitious greenhouse gas emission reduction targets," he noted.
Yahoo
11-06-2025
- Business
- Yahoo
Chevron Lummus Global and Neste advance partnership to convert lignocellulosic waste to renewable fuels
Partnership targets scalable solutions for renewable fuel production from biomass HOUSTON, June 11, 2025 /PRNewswire/ -- Chevron Lummus Global (CLG) and Neste, the world's leading producer of sustainable aviation fuel and renewable diesel, announced their progress in developing new technology for converting lignocellulosic biomass into high-quality, lower-emission renewable fuels. Through close collaboration at CLG's state-of-the-art R&D facility in the U.S., Neste and CLG have successfully demonstrated proof of concept for converting lignocellulosic waste into renewable fuels, with highly promising initial results. "Our collaboration and initial success demonstrate the complementary strengths of Neste and CLG to create a powerful, scalable platform to produce renewable fuel from lignocellulosic raw material," said Rajesh Samarth, Chief Executive Officer of Chevron Lummus Global. "By advancing the hydroprocessing of diverse feedstocks, we're not only expanding the possibilities for renewable fuels but also setting a new benchmark for innovation in sustainable energy." The partnership combines CLG's extensive experience and proven track record in developing and licensing market leading refining technologies with Neste's pioneering expertise and global leadership in renewable fuels. With a successful proof of concept, the partners are now advancing to the next phase—further validating the process for commercial-scale deployment and unlocking the full potential of this abundant, underutilized feedstock. "Lignocellulosic waste and residues can make an important contribution as a new and scalable raw material pool for renewable fuels," Lars Peter Lindfors, Senior Vice President of Technology and Innovation at Neste. "The technology development with CLG has progressed well and we are very encouraged by the initial results. Unlocking the potential of these promising raw materials would allow us to meet the growing demand of renewable fuels in the long-term and contribute to ambitious greenhouse gas emission reduction targets." About Chevron Lummus GlobalChevron Lummus Global (CLG), a joint venture between Chevron U.S.A. Inc. and Lummus Technology, is a leading technology provider for the production of renewable and conventional transportation fuels, premium base oils, and sustainable petrochemicals from a wide range of feedstocks. Powered by cutting-edge catalysts and innovative reactor internals, CLG's portfolio is designed to optimize efficiency and flexibility while minimizing emissions and maximizing economic returns. For more information, visit About NesteNeste (NESTE, Nasdaq Helsinki) creates solutions for mitigating climate change and accelerating a shift to a circular economy. The company is the world's leading producer of sustainable aviation fuel (SAF) and renewable diesel, enabling its customers to reduce their greenhouse gas emissions. Neste refines waste, residues and other renewable raw materials to high-quality renewable fuels at its refineries located on three continents. The company's annual renewable fuels production capacity will be increased to 6.8 million tons in 2027. Neste has high standards for sustainability and the company has consistently been recognized by several leading sustainability indices. In 2024, Neste's revenue stood at EUR 20.6 billion. Read more: View original content to download multimedia: SOURCE Chevron Lummus Global Sign in to access your portfolio
