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CoBank predicts solid 2024 for US biofuels industry

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By Erin Voegele

December 21, 2023

BusinessOperationsFeedstocks

CoBank’s Knowledge Exchange on Dec. 14 released a report focused on forces that will shape the U.S. rural economy next year. The report predicts that both ethanol producers and soybean crushers will benefit from rising demand for biofuels in 2024.

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Neste has completed the strategic study launched in September 2022, and begins a gradual transformation of its crude oil refinery in Porvoo, Finland into a leading renewable and circular solutions refining hub.

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Starting as a family owned business 70 years ago, Neste-owned Mahoney Environmental collects and processes UCO from 80,000 businesses, sending it on to ultimately be used for renewable fuel production.

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Continually pivoting to stay competitive and grow since its founding in 2008, Green Energy Biofuel has no intentions of stopping.

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SAF Magazine in collaboration with CAAFI, has announced the 2024 North American SAF Conference & Expo will take place Sept. 11-13, 2024, in St. Paul, Minnesota. The event is accepting abstract submissions through May 10.

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Swedish fuel company Preem on Nov. 27 announced it will invest SEK 5.5 billion ($532.82 million) to convert its refinery in Lysekil, Sweden, to produce renewable diesel and sustainable aviation fuel (SAF).

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The U.S. EPA on Nov. 16 released updated RIN data, reporting that nearly 2.11 billion RINs were generated under the RFS in October, up from 1.81 billion generated during the same month of last year.

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Aemetis expects to secure the authority to construct air permit for its proposed SAF/RD project in early 2024, according statements made during a Q3 earnings call. Company officials also discussed ongoing biogas, ethanol, biodiesel and CCS projects.

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SATORP, platform jointly owned by Aramco (62.5 percent) and TotalEnergies (37.5 percent), has for the first time in the MENA region successfully converted used cooking oil through coprocessing into ISCC+ certified SAF.

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CVR Energy Inc. processed a record volume of renewable feedstock at its Wynnewood refinery during Q4. The facility’s feedstock pretreatment unit is nearing mechanical completion and CVR is continuing to evaluate the possibility of producing SAF.

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U.S. biofuels operable production capacity was up slightly in August, with a small gain for ethanol, according to data released by the U.S. EIA on Oct. 31. Feedstock consumption was down slightly from the previous month.

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Nearly 1.95 billion RINs were generated under the RFS in September, up from 1.73 billion generated during the same month of 2022, according to data released by the U.S. EPA. Total RIN generation for the first nine months of 2023 was at 17.41 billion.

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Tidewater Renewables on Nov. 9 confirmed that its 3,000-barrel-per-day renewable diesel complex in Prince George, British Columbia, produced its first renewable diesel on Oct. 22 and as of Nov. 7 had progressed to commercial operations.

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Vertex Energy Inc. released Q3 financial results on Nov. 7, reporting its renewable diesel production unit at its refinery in Mobile, Alabama, operated at approximately 67.5 percent of phase one nameplate capacity during the three-month period.

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Chevron Lummus Global LLC on Nov. 7 announced the completion and successful startup of an ISOTERRA unit as part of Chevron's renewable fuel conversion project at their El Segundo Refinery in Southern California.

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PBF Energy Inc. has announced that its St. Bernard Renewables biorefinery, collocated with its Chalmette oil refinery in Louisiana, reported positive earnings for the third quarter of 2023, which was its first full quarter of operations.

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Marathon Petroleum Corp. on Oct. 31 reported that the renewable diesel joint venture at its Martinez refinery in California is expected to be operating at its full 730 MMgy capacity by the end of the year.

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Imperial Oil Ltd. on Oct. 27 confirmed the renewable diesel project under construction at its Strathcona refinery remains on track for startup in 2025. The company has also successfully completed coprocessing trials at all its refineries.

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U.S. fuel ethanol production fell by nearly 6 percent the week ending Sept. 15, according to data released by the U.S. Energy Information Administration on Sept. 20. Fuel ethanol stocks were up 2 percent and exports were up 60 percent.

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UNICA, the Brazilian sugarcane industry association, has announced sugarcane processing and ethanol production were both up during the second half of August. Ethanol sales for the full month were up more than 9 percent from last year.

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U.S. fuel ethanol production was up nearly 3 percent the week ending Sept. 8, according to date released by the U.S. Energy Information Administration on Sept. 13. Ethanol stocks were down 2 percent and exports were down 17 percent.

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A conversation with Lauren Aubry, lab manager with Marquis Energy, on new advancements in the lab, helpful technology and challenges lab managers and technicians face daily.

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Ethanol production in Brazil is expected to increase by 7 percent this year due to an increase in sugarcane production and a continued steady increase in corn ethanol production, according to a report filed with the USDA.

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U.S. fuel ethanol production was up nearly 1 percent the week ending Sept. 1, according to data released by the U.S. Energy Information Administration on Sept. 7. Ethanol stocks were up slightly, with exports up nearly 19 percent.

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Rex American Resources Inc. on Aug. 30 announced sales were down during its fiscal second quarter, the three months ending July 31. During an earnings call, company officials discussed planned capacity expansion and CCS projects.

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POET has reopened its bioprocessing facility in Cloverdale, Indiana. POET Bioprocessing – Cloverdale celebrated the occasion on Aug. 31 with an event at the facility that included area farmers, community members, and state officials.

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U.S. fuel ethanol production fell by nearly 4 percent the week ending Aug. 25, according to data released by the U.S. EIA on Aug. 30. Stocks of fuel ethanol were down more than 5 percent and exports were down nearly 27 percent.

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Canadian fuel ethanol consumption increased approximately 20 percent last year while Canadian imports of fuel ethanol produced in the U.S. were up an estimated 40 percent, according to a report filed with the USDA.

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U.S. fuel ethanol production was down 2 percent the week ending Aug. 18, according to data released by the U.S. Energy Information Administration on Aug. 23. Ethanol stocks were down nearly 3 percent while exports were up 19 percent.

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Fluid Quip Technologies has announced that its patented Distillers Corn Oil (DCO) Technology is achieving record distillers corn oil yields for Ace Ethanol in Stanley, Wisconsin, with increases of over 20 percent above historical rates.

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