May 23, 2013
BY Koch Industries
Koch Industries Inc., parent company of Flint Hill Resources, which just announced a joint venture with Benefuel to develop biodiesel refineries across the U.S., is making a $1 million donation to support relief efforts in Oklahoma following the tornadoes that devastated the cities of Moore and Shawnee, and affected other areas of the state this week.
Half of that amount will be given to the OK Strong Disaster Relief Fund established by Governor Mary Fallin in coordination with the United Way of Central Oklahoma. The other half will go to the American Red Cross and The Salvation Army to help affected families with their most urgent needs, including housing, transportation, clothing and more. In addition, Georgia-Pacific, a Koch company, has donated six truckloads of products from its Muskogee, Okla., Fort Smith, Ark., and Naheola, Ala., facilities including Angel Soft and Quilted Northern bath tissue, Sparkle paper towels, Dixie cups and plates, and Mardi Gras napkins.
“Koch has deep roots in Oklahoma, and we want the communities of Moore, Shawnee and others throughout the state to know we stand with them and pray for them as they begin the difficult process of rebuilding their lives,” said Dave Robertson, president and COO of Koch Industries.
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Several Koch companies have a presence in Oklahoma, including Georgia-Pacific in Muskogee; Koch Nitrogen Company in Enid; and John Zink Hamworthy Combustion in Tulsa, with a total of nearly 2,000 employees.
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CoBank’s latest quarterly research report, released July 10, highlights current uncertainty around the implementation of three biofuel policies, RFS RVOs, small refinery exemptions (SREs) and the 45Z clean fuels production tax credit.
The U.S. Energy Information Administration maintained its forecast for 2025 and 2026 biodiesel, renewable diesel and sustainable aviation fuel (SAF) production in its latest Short-Term Energy Outlook, released July 8.
XCF Global Inc. on July 10 shared its strategic plan to invest close to $1 billion in developing a network of SAF production facilities, expanding its U.S. footprint, and advancing its international growth strategy.
U.S. fuel ethanol capacity fell slightly in April, while biodiesel and renewable diesel capacity held steady, according to data released by the U.S. EIA on June 30. Feedstock consumption was down when compared to the previous month.
XCF Global Inc. on July 8 provided a production update on its flagship New Rise Reno facility, underscoring that the plant has successfully produced SAF, renewable diesel, and renewable naphtha during its initial ramp-up.