The search for additional feedstocks comes as demand strains availability of traditional biofuel ingredients like soy oil
, contributing to food inflation and destruction of forests to plant crops. More fossil-fuel companies are entering the market, and U.S. production capacity for renewable diesel is expected to jump almost sixfold by the end of 2024, according to JPMorgan Chase & Co. Neste said it isn’t worried about heightened competition for raw materials.Article content
Neste, which works with low-carbon-intensity sources like used cooking oil and animal fats, also is studying potential raw materials including crops used to enrich soil to solid landfill waste. The company currently doesn’t use soy oil or other edible oils in North America to make biofuels.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Quebec reports fewer than 200 new COVID-19 cases, no new deathsQuebec is reporting 179 new cases of COVID-19 today, its lowest single-day total in nearly nine months
Read more »
Son of Quebec cookie king scores financing to expand ‘Facebook for factories’ platform globallyPoka has thrived on its own terms, and is poised to take its next step forward with a major financing it is announcing Monday
Read more »
U.K. urges commitment to vaccinate the world by end of 2022British Prime Minister Boris Johnson will use the Group of Seven wealthy democracies' summit next week to urge world leaders to commit to vaccinating the global population by the end of 2022.
Read more »
Boris Johnson calls on G7 to vaccinate world by end of 2022G7 leaders will be gathering in person in Cornwall, England, next week
Read more »
Nick Paul scores in OT, Canada beats Finland in world hockey finalNick Paul scored in overtime on an assist from Ottawa Senators teammate Connor Brown, and Canada completed its amazing turnaround at the world hockey championship with a 3-2 win over Finland in the gold-medal game.
Read more »