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CVR reports profitable Q3 for renewable diesel, continues to evaluate SAF project

October 31, 2024

BY Erin Voegele

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USDA announces $39 million in HBIIP grants

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By Erin Voegele

3 hours ago

PolicyBusiness

The USDA on Oct. 29 announced it is awarding $39 million in grants to more than three dozen projects under its Higher Blends Infrastructure Incentive Program to support increased availability of ethanol and biodiesel.

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The USDA on Oct. 29 announced it is allocating $200 million to the newly created Biobased Product Market and Access Grant Program, which will support innovative biobased technologies and bridge the gap between pilot-scale demonstrations and commercial viability.

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The call for presentation abstracts for the 18th Annual International Biomass Conference & Expo, produced by Biomass Magazine, is now open. The event will take place March 18-20, 2025, at the Cobb Galleria Centre in Atlanta, Georgia.

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Phillips 66 on Oct. 29 reported that its renewable fuels segment was impacted by lower margins during Q3, but company officials expect margins to improve moving forward. The company also reported it began producing SAF in September.

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Italian energy company Eni and U.S.-based KKR on Oct. 24 announced an agreement under which KKR will purchase a 25% stake in Eni’s Enilive business, which encompasses the company’s biorefining, biomethane, and smart mobility solutions businesses.

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