October 15, 2019
BY Greenfield Global Inc
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Calumet Inc. on Feb. 18 announced that its subsidiary Montana Renewables LLC has received the first drawdown of approximately $782 million from its $1.44 billion U.S. DOE loan guarantee. The loan will fund the expansion of SAF production capacity.
Neste Corp. on Feb. 13 released fourth quarter financial results, reporting that its renewables segment was impacted by both market and operational challenges during the three-month period. Sustainable aviation fuel (SAF) sales, however, were up.
PBF Energy Inc. on Feb. 13 announced that its St. Bernard Renewables facility produced 17,000 barrels per day of renewable diesel during the fourth quarter, up from 13,000 barrels per day during the third quarter.
Calumet Inc. on Feb. 12 reported that the Trump administration has successfully completed the “tactical” review of the $1.44 billion DOE loan guarantee to support expanded SAF production its Montana Renewables facility.
The U.S. Senate on Feb. 13 voted 72 to 28 to confirm Brooke Rollins to serve as secretary of agriculture. Representatives of the biofuel and bioenergy industries have spoken out in support of her confirmation.