Green Energy

Commodity Trader Wellbred Announces New Renewable Energy Program

Singapore-based commodity trading group and business conglomerate – Wellbred – has announced the establishment of a new renewable energy desk. The official statement of Wellbred said that the purpose of the new renewable energy desk is to focus on renewable fuels, feedstocks, and processing logistics. The desk acknowledges the increasing share, and future for renewable fuels. The firm also has offices in Dubai, Geneva and Lagos.

Wellbred said that the new program will initially focus on the Scandinavian market. Norway and Sweden will remain the key focus. The company said that it intends to expand to supply feedstocks in Asia. Wellbred is in the early stages of marine bio bunkering and is participating in the race to waste on feedstocks, particularly in Asia.

The new renewable energy team of Wellbred will be based in Geneva.

The Ghazi Abualsaud (CEO) led Wellbred claims that it supports a carbon-neutral future and hence, sustainability and renewable energy are important aspects of the business of Wellbred. The trading house says that its looking for ways to play a role in the energy transition while reducing emissions in its operations.

“Wellbred is committed to contributing to and engaging with the Sustainable Development Goals (SDGs) and continues to seek opportunities to minimize its environmental impact in all areas of its business,” said the company statement.

Scandinavian countries look for absolute energy transition to renewable energy amidst drastic climate change and ongoing Russia-Ukraine conflict. Denmark presently relies more on wind power, Norway on hydropower and Sweden has its highest renewable energy share coming from bio-fuels. Scandinavian countries look to diversify the renewable stock as well.

I am Renew

Recent Posts

Modi Govt approved loan subsidies for 47 ethanol projects in Bihar

The central government has informed Parliament that 47 projects in Bihar have received in-principle approval…

3 days ago

Central govt urges Dairy Federations to join circular economy, biogas revolution

The Secretary for Department of Animal Husbandry & Dairying (DAHD), Alka Upadhyaya, has called on…

4 days ago

India’s ethanol blending reaches 16.9%, says Hardeep Singh Puri

Just as the quest of the nation for green energy is gaining unprecedented pace in…

4 days ago

Hithium to Supply 640MWh Energy Storage for Woolooga BESS Project

Hithium, a global energy storage product provider, announced the supply of 640 megawatt-hours (MWh) of…

4 days ago

BCL Industries to build 150 KLPD ethanol project; gets nod for 75 KLPD bio-diesel plant

BCL Industries has announced that it has received environmental clearance to set up a 150…

4 days ago

Blue Planet acquires Smart Environmental Group to strengthen its operations in New Zealand

Singapore headquartered sustainable waste management provider Blue Planet Environmental Solutions Pte. Ltd. has acquired Smart…

5 days ago