International biofuel investments up
Finland and Mexico announced significant biofuel investments this week to drive the industry forward in their countries and abroad. Both countries have sustainability goals that they will rely on biofuels to achieve. Catch up on these top stories from the week:
Finland will invest $88 million for biofuels and renewable energy technologies to help in its transition toward a clean energy market in 2030, with plans to cut its fossil fuels imports by half during the 2020s and to stop the use of coal. The country hopes to use renewable energy for half of its energy demand by the same time. Read the full article on Reuters.
Boeing, Aeromexico and Mexico’s Airports and Auxiliary Services will collaborate with a biojet program to advance research and development of sustainable aviation in biofuel in Mexico. In total, 17 institutions will collaborate to research biomass sourcing, fuel production, sustainability and lifecycle assessment, and aviation biofuel market development. The Mexican government will fund the research for the first four years. Read the full article on Biomass Magazine.
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