February 6, 2017
BY Erin Voegele
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The USDA maintained its forecast for 2023-’24 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Dec. 8. The expected price of soybean oil was revised down.
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).
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.
Conestoga Energy and SAFFiRE Renewables LLC announced on Nov. 16 their agreement for Conestoga to host SAFFiRE’s cellulosic ethanol pilot plant at Conestoga’s Arkalon Energy ethanol facility in Liberal, Kansas.
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.