New Rise Renewables pivots to SAF production

SOURCE: New Rise Renewables

April 9, 2024

BY Erin Voegele

New Rise Renewables on April 9 announced work is underway to convert its existing renewable diesel plant located near Reno, Nevada, to sustainable aviation fuel (SAF). SAF production is currently expected to commence this summer. 

The 3,200 barrel per day (49.06 MMgy) renewable diesel plant originally began operations in mid-2022. The facility is situated on a 10-acre parcel at the Reno-Tahoe Industrial Complex in Storey County, Nevada. The project site includes a 16-car heated rail spurt, more than 5 million gallons of tankage, co-generation, off-gas energy recovery, water recovery, and cutting-edge technologies for hydrotreating, hydrogen reformer, feedstock pretreatment, and wastewater treatment, according to the company. 

Advertisement

Advertisement

“Our commitment to sustainability is unwavering, and we're thrilled to be at the forefront of the movement towards cleaner aviation fuels by driving production of sustainable aviation fuel (SAF)," said Randy Soule, CEO of New Rise Renewables. 

Soule's business partners, Bill Jones and Albert Mack added, "As the aviation sector undergoes a transformative shift towards sustainable practices, New Rise Renewables is proud to be a catalyst for change, driving innovation and promoting a greener future for air travel."

Advertisement

Advertisement

Development of the facility was supported by loan guarantee awarded through the USDA’s 9003, Biorefinery, Renewable Chemical and Biodiesel Production Manufacturing Assistance Program, according to Greater Commercial Lending, which helped assemble the loan package that made the project possible. According to a 2017 USDA announcement, the facility at that time was being developed under the name Ryze Renewables Reno LLC.  

The facility has been the subject of at least two acquisition agreements in recent years that were eventually canceled. According to documents filed with the U.S. Securities and Exchange Commission, Camber Energy in January 2023 announced it had entered into a membership interest purchase agreement with RESC Renewables Holdings LLC to acquire all of the membership interests of New Rise Renewables LLC, which owned all of the membership interests in New Rise Renewables Reno LLC. On March 13, 2024, however, the companies terminated the agreement. The renewable diesel facility was previously subject to an acquisition agreement with Viking Energy Group Inc., which in December 2021 announced it had entered into a membership interest purchase agreement to acquire the companies developing the Reno plant. That transaction was not completed. According to information released by the companies, Viking Energy Group is subsidiary of Camber Energy.

 

Related Stories

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.

Read More

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.

Read More

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.

Read More

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.

Read More

The USDA’s Risk Management Agency is implementing multiple changes to the Camelina pilot insurance program for the 2026 and succeeding crop years. The changes will expand coverage options and provide greater flexibility for producers.

Read More

Upcoming Events

Sign up for our e-newsletter!

Advertisement

Advertisement