- In June 2021, Cargill formed a joint venture with Helm Company called Qore, investing USD 300 million to develop a commercial-scale facility for producing bio-based 1,4-butanediol. This initiative aims to replace fossil-based chemicals with sustainable alternatives, helping major brands significantly reduce their greenhouse gas emissions and promoting eco-friendly chemical manufacturing practices
- In March 2021, Austrian refining company OMV announced plans to launch a pilot plant at its Schwechat refinery by 2023, focusing on producing advanced biofuels from waste-based glycerol, a biodiesel byproduct. The plant is expected to produce around 1.23 million liters of propanol annually, enhancing OMV’s sustainability efforts and contributing to greener fuel alternatives in the market
