Todays Latest Updates: 22 May 2026

Biobased chemicals: Vietnam. Hyosung TNC begun supplying bio-based chemicals from its new $1 billion facility in Vietnam. The company calls it the world’s first fully integrated commercial-scale bio-BDO production system. The facility converts sugarcane into 1,4-Butanediol (Bio-BDO), a chemical building block used across plastics, textiles, and specialty materials. Bio-BDO is chemically identical to conventional fossil-derived BDO. Manufacturers can swap it directly into existing production lines. Link 22/05/2026.

Biofuels: Sweden. Volvo Trucks launched its most fuel-efficient engines ever– two all-new 13-liter engines ready for renewable diesel and gas fuel types, including future hydrogen applications. Both are based on Volvo’s latest in-house developed engine platform. The combustion engine continues to play an important role in Volvo Truck’s driveline strategy and its new engines offer an attractive combination of more power, lower fuel consumption, lower emissions, lower noise and improved drivability. The new engine can deliver up to 4% lower fuel consumption versus the engine it is replacing, when using the benefits of the new engine in combination with Volvo Trucks’ latest fuel-saving innovations that will now become available to more customers. Link 22/05/2026.

E-fuels: The Netherlands. Hydrogen-based e-fuels developer Power2X has taken final investment decision (FID) on its 20MW green hydrogen plant, expected to produce 2,000 tonnes-per-year (tpa) by mid-2028, after bringing John Cockerill onboard. Located in Delfzijl, Netherlands, the Djewels project will be developed by Rely – a joint venture (JV) between Technip Energies and John Cockerill – which will also supply the site’s electrolysers. Link 22/05/2026.

Pyrolysis: India. According to Growth Market Reports, the global market size for the catalytic pyrolysis of biomass reached USD 8.2 billion in 2024, supported by a robust compound annual growth rate (CAGR) of 12.4% over the forecast period. Key growth drivers include escalating demand for renewable energy solutions, increasing regulatory support for sustainable energy production, and the urgent need to mitigate carbon emissions. By 2033, the catalytic pyrolysis of biomass market is projected to reach USD 23.1 billion. Link 22/05/2026.