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Verde Bio Holdings agrees to acquire 2 biodiesel plants

December 22, 2021

BY Verde Bio Holdings Inc.

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Federal agencies publish SAF Grand Challenge progress report

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By U.S. Department of Energy

17 hours ago

Sustainable Aviation FuelsPolicyBusiness

The U.S. DOE, USDA and FAA on Jan. 13 released Sustainable Aviation Fuel (SAF) Grand Challenge 2021-2024 Progress Report, which underscores the importance of continued investment in the rapidly growing biofuels industry.

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The U.S. EIA maintained its forecasts for 2025 renewable diesel and biodiesel production in its latest Short-Term Energy Outlook, released Jan. 14. The 2025 outlook for “other biofuel” production, including SAF, was also unchanged.

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In 2024, Iowa biodiesel production ticked up to 353 million gallons, up from 350 in 2023. Iowa biodiesel plants managed to power through being undercut by a drastically low RFS blending level, but could not escape uncertainty surrounding tax policy.

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The USDA on Jan. 10 awarded $60 million in Higher Blends Infrastructure Incentive Program grants. The funding supports 70 projects in 24 states that aim to increase consumer access to higher blends of ethanol and biodiesel.

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Calumet Inc. on Jan. 10 announced the closing of a $1.44 billion U.S. Department of Energy loan guarantee to fund construction of Montana Renewables’ MaxSAF initiative, which aims to boost SAF capacity at the biorefinery to 300 MMgy.

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