“With REG`s expertise in biofuels and GoodFuels` pioneering strengths, both companies play an important role in shipping companies` decarbonization efforts,” the company said. INEOS and UPM Biofuels today announced a long-term agreement to provide a renewable feedstock for innovative new bioattributed polymers to be manufactured at INEOS Cologne, Germany. The deal supports INEOS` plans to produce plastic from renewable raw materials, significantly reduce greenhouse gas emissions and support a more circular approach to the production of INEOS Lefins and polymers. GoodFuels has been involved in numerous biofuel trials conducted in the shipping industry over the past two years. “For REG, the agreement is a clear signal of the company`s mission to enable a cleaner world and reduce greenhouse gas emissions. REG biofuels today have a real impact on the market by providing solutions for many transport sectors, including maritime transport. The company has signed a long-term contract with global producer Renewable Energy Group to supply biofuels, it said Tuesday in a statement on its website. Rob Ingram, CEO of INEOS Olefins & Polymers Europe North, said: “The deal supports INEOS` plans to produce plastics from renewable raw materials that will contribute to a significant reduction in carbon emissions. “This announcement reinforces GoodFuels` mission to become the preferred supplier of green fuels for all segments of shipping and its ambition to increase the production of advanced marine biofuels by using sustainable feedstocks in the right way. Biofuels company GoodFuels has signed a new long-term supply agreement for products to be sold to the shipping industry. Under the terms of the agreement, the two companies are working together to develop demand for marine biofuels. File image / Pixabay The result of upm Biofuels` production is a bio-based cracking raw material that does not compete with food production. By replacing fossil fuels with UPM BioVerno in its cracker, INEOS products will contribute to a significant reduction in carbon emissions.

Meanwhile, Sen believes europe`s high energy prices will continue indefinitely. “We are delighted to be working with UPM Biofuels. They attach fundamental importance to the commitment to innovation and resource efficiency as well as to social and environmental responsibility. This partnership, combined with RSB certification, gives customers the peace of mind that they are choosing a high-quality, durable product. INEOS will use UPM BioVerno, a sustainable raw material from renewable pulp processing residues, to produce bioattributive polyolefins. The Roundtable on Sustainable Biomaterials (RSB) has certified every step of the process, from UPM biofuels, which convert wood-based residues (healthy crude oil) into hydrocarbons, to the final polymer. Andrew McLachlan (Media Zoo) 020 7384 6980 or 07931 377162Chris Hall (Media Zoo) 020 7384 6980 or 07739 571634Natalie Loveless (Media Zoo) 020 7384 6980 or 07881 827005 Press contacts: Richard Longden (INEOS) +41 799 626123MaiJu Helin (UPM Biofuels) +358 50 352 6046 UPM`s bio-based cracking raw material is used by INEOS to produce walk-in products that have a positive impact on the environment while delivering the same performance, high performance and performance. Maintain the quality standards expected by customers.

Maiju Helin, Head of Sustainability and Market Development at UPM Biofuels, said: “Working with INEOS is a big step forward in the bioeconomy. UPM BioVerno products are now helping to reduce climate and environmental impacts in an even wider range of applications. INEOS and UPM Biofuels` commitment to RSB certification creates strong common ground to build on. Meanwhile, the analytical push to boost domestic production continues. These new sustainable materials are used in a variety of products, from plastic food packaging to medicines and pipes. Applications also include BIOVYNTM, the world`s first commercially available BIOATTRIBUTE PVC produced by INOVYN, an INEOS company. .