SustainableFuels

Vitol-Backed Varo Seals Deal to Acquire Preem in a Strategic Move for Renewable Fuels

3 months ago

In a bold step towards enhancing its presence in the renewable energy sector, Varo Energy, which is backed by the Swiss commodity trader Vitol, has officially announced its agreement to purchase Preem, one of Sweden's largest fuel companies. This strategic acquisition marks a significant shift as it positions Varo to expand its operational capacity in renewable fuels, highlighting the growing importance of sustainable energy solutions in the global market.

Elyse Energy Secures $120 Million Investment for Innovative Maritime and Aviation E-Fuel Projects

7 months ago

In a significant move towards sustainable energy solutions, Elyse Energy, a pioneering startup focused on the production of e-fuels, has successfully raised $120 million in a recent funding round. This considerable investment marks a notable milestone for the company, which aims to revolutionize the maritime and aviation sectors by providing alternative fuels that could dramatically reduce carbon emissions.