Todays Latest Updates: 03 July 2026

Biodiesel: Indonesia. Persero signed a MoU  with Pertamina Power Indonesia to further develop domestic bioenergy production by reactivating a 600,000 metric ton per year biodiesel plant and developing two cassava-based ethanol plants with a combined production of 600,000 liters per day. Link 03/07/2026.

CO2 Removal: South Korea. LG Chem is accelerating its efforts toward carbon neutrality by entering into a full-scale partnership with POSCO Holdings. Launch of large-scale CCU demonstration project integrating the steel and chemical industries for carbon neutrality. CO₂ captured at POSCO’s Pohang steelworks to be converted into low-carbon raw materials and fuels using LG Chem’s DRM technology.Facility construction to begin in 2028 following the design phase in 2026; demonstration operations to continue through 2030. LG Chem’s DRM (Dry Reforming of Methane) technology, a form of CCU (Carbon Capture and Utilization), uses carbon dioxide and methane (CH₄) as feedstock to produce carbon monoxide (CO), a reducing agent, and hydrogen. These outputs can be used in steelmaking processes to reduce the reliance on coal. Link.

Hydrogen: USA. California Governor signed legislation allowing electricity generated using green hydrogen to count towards the state’s Renewables Portfolio Standard (RPS), creating a new incentive for hydrogen-fired power generation. SB 1350 expands California’s definition of renewable electricity under the state’s RPS, which requires utilities to source a growing share of their electricity from eligible renewable resources. Link 03/07/2026.

Marine fuels: China. Exmar’s ammonia-fuelled vessel Antwerpen completed its first cargo loading and departed Nanjing’s Qingjiang terminal on June 27 on its first commercial voyage. The ship loaded 30,214 tonnes of liquid ammonia bound for India, a cargo valued at roughly 132 million yuan. The vessel runs on liquid ammonia as propulsion fuel, Nanjing Maritime Safety Administration coordinated safety oversight given the cargo’s toxicity and corrosive properties, monitoring fuel supply systems, leak detection, and emergency inertion equipment while patrol boats guarded loading operations around the clock. Link 03/07/2026.