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European Commission report details $45 billion for clean energy, $800 million for hydrogen by 2030
The European Commission plans to boost the EU’s clean energy transition with an investment of €720 million ($802 million) into its hydrogen sector, while the battery sector continues to grapple with a €19 billion trade deficit, Fastmarkets has heard
September 27, 2024
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By Julienne Raboca
Insights
UK’s NorthPoint SAF facility uncertain as project developer files for bankruptcy
The future of the NorthPoint sustainable aviation fuel (SAF) facility in the UK could be in the balance after sources told Fastmarkets last week that project developer Fulcrum BioEnergy has filed for bankruptcy
September 26, 2024
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By Alexandra Chapman, Wendy Dulaney
Insights
European Commission energy report highlights progress in renewable energy but downplays biofuels
The European Commission published its annual State of the Energy Union Report 2024 on Wednesday, September 11, outlining the EU’s progress toward the clean energy transition and climate goals
September 16, 2024
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By Misha Simonovska
Insights
US aims to increase SAF output by 12,000% and lead the renewable fuel transition in aviation
Read how Fastmarkets is stepping in with industry-leading market intelligence
September 3, 2024
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By Yolande Peters
Insights
UK to provide £13.5 mln to support supply chain while Tata Steel transitions to green steelmaking at Port Talbot
The UK is to provide funding of £13.5 million ($17.3 million), to support supply chain businesses and workers affected by Tata Steel’s decarbonization plans for its Port Talbot steelworks in south Wales, the British government said on Thursday August 15
August 15, 2024
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By Darina Kahramanova
Insights
China EV sales overtake traditional autos for first time ever; Southeast Asia continues to push EV developments
Sales of new energy vehicles (NEVs) in China overtook more conventional auto sales for the first time ever in July, accounting for more than half of all units sold during the month, according to the latest data from the China Association of Automobile Manufacturers (CAAM)
August 14, 2024
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By Nina Hu
Insights
SAF procurement: Challenges in budgeting and the importance of understanding feedstock cost
Fastmarkets senior analyst and forecaster, Tore Alden, answers six key questions on the challenges faced by the sustainable aviation fuel industry
August 14, 2024
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Insights
Slowing global demand for EVs hits South Korean battery producer revenues
Slowing global demand for electric vehicles (EVs) seriously dented the second-quarter revenues of South Korea's key battery producers, sources told Fastmarkets on Friday August 9
August 12, 2024
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By Zihao Li
Insights
Tin demand poised for long-term boom despite easing prices
Supply headwinds in the tin market so far in 2024 and the recent sell-off in the futures market show that demand is recovering more slowly than anticipated because of the poor macro-economic climate, but in the long-term, market participants still expect demand to grow due to the energy transition
August 12, 2024
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By Yiwen Ju
Insights
Pressure for trade defense takes away spotlight from steel decarbonization at Brazilian Steel Conference
The Brazilian steel industry called for trade defense measures and integrated action in Latin America to try to contain the advancement of Chinese-origin material before moving on to more complex projects such as decarbonization, key industry market participants said at the 2024 Brazilian Steel Conference
August 9, 2024
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By Gabriela Brumatti, Ana Enis
Insights
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