Biofuels Market Booms as Demand Exceeds Pre-Pandemic Levels

Biofuels are expected to play a major role in the global green transition, helping to power and decarbonise planes, ships and industry. These low-carbon fuels can be used to fill the renewable energy gap as they are suitable for application in industries that cannot survive on electricity and batteries alone. Further, with greater innovation, more biofuels will likely be derived from waste plant materials, making them more sustainable.

Joseph Goffman, Assistant Administrator for EPA’s Office of Air and Radiation, stated, “This investment through the Inflation Reduction Act will spur innovation in the production of advanced biofuels, advancing this Administration’s goal to build a stronger clean energy economy.” Meanwhile, Jeff Marootian, U.S.

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TC Energy Books Record Earnings amid High Natural Gas DemandTC Energy Corporationreportedon Friday record comparable core earnings and earnings per share for 2023, topping analyst estimates, as demand for natural gas and LNG surged
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Bitcoin Price Surpasses $50,000 as Mainstream Investment Funds Drive DemandThe price of bitcoin traded above $50,000 on Monday for the first time since 2021, underscoring the sharp change in appetite for the token since mainstream bitcoin investment funds launched earlier this year.
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