Biodiesel World News

Iowa biofuel standard would create jobs, grow economy Legislation recently introduced in Iowa that aims to establish a state biofuels standard would create more than 3,500 new jobs and generate nearly $550 million in household income by 2026, according to a study released by the IRFA on Feb. 15. READ MORE SHARE
Regan promises ‘no surprises’ in EPA’s administration of the RFS Michael Regan, President Biden’s nominee to serve as administrator of the U.S. EPA, said the RFS will be a priority the current administration and stressed agriculture will have a seat at the table when it comes to Biden’s climate objectives. READ MORE SHARE
	Bill aims to incentivize the production of SAF Rep. Julia Brownley, D-Calif., on Feb. 3 reintroduced the Sustainable Aviation Fuel Act, which aims to incentivize the production of sustainable aviation fuel (SAF), including the establishment of an aviation-only Low Carbon Fuel Standard. READ MORE SHARE
Dickinson renewable diesel plant to reach full capacity in Q1 Marathon Petroleum Corp. has announced its renewable diesel facility in Dickinson, North Dakota, is currently ramping up operations and is on track to reach full production by the end of the first quarter. READ MORE SHARE
Fulcrum announces plans to develop SAF biorefinery in the UK Fulcrum BioEnergy Ltd. on Feb. 16 announced plans to develop a 30 MMgy sustainable aviation fuel (SAF) plant at Essar Oil (UK) Ltd.’s refinery near Liverpool, England. The project could be operational as soon as 2025. READ MORE SHARE
EIA: US biodiesel production at 151 million gallons in November The U.S. Energy Information Administration has released data showing U.S. biodiesel production reached 151 million gallons in November 2020, down 9 million gallons from the previous month, but up 24 million gallons from November 2019. READ MORE SHARE
GREEN Act includes biofuel, bioenergy tax extenders Rep. Mike Thompson, D-Calif., chairman of the House Ways and Means Subcommittee on Select Revenue Measures, on Feb. 5 announced the introduction of the GREEN Act, which includes several tax extenders that would benefit biofuels and bioenergy. READ MORE SHARE
Neste reports strong results for renewable products segment Neste released fourth quarter financial results on Feb. 5, reporting that its renewable products segment proved to be very resilient despite the impacts of the COVID-19 pandemic, with increased sales volumes and strong sales margins. READ MORE SHARE
USDA increases outlook for 2020-’21 soybean oil use in biodiesel The USDA has increased its forecast for 2020-’21 soybean oil use in biodiesel in its latest World Agricultural Supply and Demand Estimates report, released Feb. 9. The outlook for soybean exports was also increased, with ending stocks lowered. READ MORE SHARE
EIA predicts gradual increase in biofuel use through 2050 The U.S. Energy Information Administration released its Annual Energy Outlook 2021 (AEO2021) on Feb. 3, predicting that the consumption of biofuels as a share of the domestic fuel mix will gradually increase through 2050. READ MORE SHARE