SunGas Renewables Inc. (SunGas) recently announced that it will cease further development of the Beaver Lake Biofuels project, a proposed wood fiber-to-low carbon methanol facility in Central Louisiana near Alexandria.

Beaver Lake’s design contemplated the integration of three SunGas S1000 syngas production systems together with downstream technologies to produce approximately 553,000 metric tonnes (mt) per year of low carbon methanol and geological storage of approximately 1.1 million mt per year of biogenic CO2. 

This combination of scale and low product carbon intensity supported a globally competitive bio-methanol offering, illustrating the potential viability of this technology pathway as decarbonization requirements become more stringent.

“This decision reflects a combination of factors that affected Beaver Lake’s ability to advance on the timetable required, including slower-than-expected market adoption of low-carbon marine fuels (specifically low carbon methanol), uncertainty regarding the carbon capture and storage pathway for the project and clarity on the available regulatory support and financing conditions needed to support a project of this scale,” the company said. 

Robert Rigdon, Chief Executive Officer of SunGas, said: “We continue to believe low carbon methanol can help decarbonize the maritime, aviation and chemicals industries. However, given the current regulatory uncertainty, slower customer uptake and broader financing and infrastructure constraints, we do not believe the conditions are in place to move the project forward successfully. 

“We are grateful to the many public and private partners who supported the project, and today’s announcement does not change our confidence in the long-term potential of SunGas’ technology to produce low-cost, low carbon molecules, including methanol, SAF, other transportation fuels and methane.”

Manifold Times previously reported SunGas Renewables announcing that the Central Louisiana facility would produce green methanol for Maersk.

At the time, the facility was expected to generate nearly 400,000 metric tonnes (mt) of green methanol per year for marine fuel.

Related: SunGas Renewable to build its first facility to produce green methanol bunker fuel for Maersk
Related: Maersk and SunGas Renewables sign letter of intent for strategic green methanol production

Photo credit: SunGas Renewables
Published: 18 June, 2026

Venture Energy, a sustainable fuels supplier headquartered in Hong Kong, recently announced the signing of a Distribution Agreement with Nordic Green Biotrading ApS (Nordic Green), appointing the Danish company as its exclusive distributor of renewable methanol across the EEA, the United Kingdom, and Switzerland.

The move marked a key step in expanding Venture Energy’s next-generation marine fuels platform into the European market.

Venture Energy is a subsidiary of Hong Kong shipowner Wah Kwong Maritime Transport, focusing on the procurement and trading of clean fuels.

Under the agreement, Nordic Green will have the exclusive right to market, promote, and distribute Venture Energy’s supply of RED Advanced bio-methanol (bio-methanol) and RFNBO-methanol (e-methanol) throughout the Territory.

“We are delighted to formalise our longstanding collaboration with Nordic Green as our strategic distribution partner in Europe, extending the breadth and quality of our downstream coverage for our supplier network and developing the profile of high-quality renewable methanol producers in the European market.” said Gregor McMillan, Executive Director of Venture Energy.

Deepak Devendrappa, General Manager of Venture Energy, said: “Nordic Green’s track record in local distribution, deep market knowledge, and strong customer relationships across the region’s core bio-blending and chemical sectors make them the ideal partner to bring our ISCC-certified renewable methanol to our customers in the territory. 

“This agreement is another step in the road for Venture Energy as we act on Wah Kwong’s commitment to supporting the energy transition with reliable, sustainable fuel solutions.”

The distribution agreement covers sales within the dutiable area of the EEA, the United Kingdom, and Switzerland. Venture Energy will continue to market directly into the marine bunkering segment.

Bo Gleerup, representing Nordic Green, added: “This exclusive partnership represents a significant milestone for Nordic Green. Being able to sell Venture Energy’s high-quality, certified, renewable methanol volumes from a range of bio-methanol and e-methanol producers, complement our existing supply network for European road-fuel and chemical producers. This fresh focus allows us to offer some of the most competitive products coming into the market today. We look forward to working closely

with our colleagues at Venture Energy to develop this collaboration and deliver value to our shared customers across the territory.”

Related: Wah Kwong launches clean fuels procurement and trading subsidiary Venture Energy
Related: Wah Kwong clean fuels trading subsidiary and Shenji Energy ink green methanol supply deal

Photo credit: Venture Energy
Published: 17 June, 2026

Once a week, bunker intelligence platform ENGINE will publish a snapshot of alternative and conventional bunker fuel prices in the world’s two biggest bunkering hubs. The following is the latest snapshot:

• HSFO becomes cheaper than B100 in Rotterdam
• Singapore’s B100 flips to premium over LSMGO
• Rotterdam LBM discounts to LNG widen

Brent’s price has slumped by $14.73/bbl ($108/mt) on the week after US President Donald Trump announced a preliminary peace deal with Iran yesterday. The sharp decline has dragged conventional fuel prices lower in both Rotterdam and Singapore.

Rotterdam’s B100 has shifted to a $14/mt premium over HSFO, from a $1/mt discount seen a week ago.

B100 discounts to VLSFO and LSMGO have narrowed by $54/mt and $89/mt to $50/mt and $343/mt, respectively.

In Singapore, B100 has shifted from a $79/mt discount to LSMGO to a $16/mt premium.

Rotterdam’s liquefied biomethane (LBM) discounts to its LSMGO have narrowed by $21-28/mt in the past week, to $639-844/mt, depending on the LNG engine type.

Liquid fuels

Rotterdam’s HSFO (-$71/mt) and VLSFO (-$110/mt) prices have to some extent tracked a $14.73/bbl ($108/mt) drop in front-month ICE Brent futures. Its LSMGO benchmark has fallen by $145/mt, exceeding a $125/mt decline in front-month ICE low sulphur gasoil futures.

The port’s B100 price has dropped by $56/mt over the past week. Dutch ZRE A ticket prices have edged down by €2/mtCO2e to €108/mtCO2e.

Singapore’s conventional fuel prices have fallen by $112-167/mt, and its B100 price by $72/mt.

Liquid gases

Rotterdam’s LNG bunker prices have dropped by $77-83/mt in the past week, largely tracking a 12% decline in the front-month Dutch TTF Natural Gas contract.

Its LBM prices have fallen by $117-124/mt. LBM discounts to LNG have widened by $40-41/mt to $455-462/mt in the past week.

Singapore’s LNG prices have risen by $13-16/mt. The rises came amid spot market demand from India for fertiliser plants, power generation and households, noted ANZ Bank’s Daniel Hynes. Japan and South Korea tend to import more gas for power generation during their summer months, and China has been active in the market, Hynes said.

By Konica Bhatt

Photo credit and source: ENGINE
Published: 16 June, 2026