Biodiesel World News

REG produces record 519 million gallons of biofuel in 2020 Renewable Energy Group Inc. released fourth quarter financial results on Feb. 25, reporting the company produced a record volume of biofuel in 2020. Company officials also detailed adjustments it is making to correct an error related to fuel blending READ MORE SHARE
CVR Energy: Construction underway on renewable diesel project CVR Energy Inc. has confirmed construction is currently underway on a conversion project that will enable its refinery in Wynnewood, Oklahoma, to produce approximately 100 MMgy of renewable diesel and 6 MMgy of renewable naphtha. READ MORE SHARE
	NBB applauds Senate confirmation of Vilsack Tom Vilsack is once again leading the USDA. The Senate on Feb. 23 voted 92 to seven to confirm him as secretary of agriculture. Vilsack, a former two-term governor of Iowa, served as ag secretary during all eight years of the Obama administration. READ MORE SHARE
Ethanol, biomass-based diesel RIN prices approach all-time highs The prices of RIN credits—the compliance mechanisms used for the RFS program administered by the U.S. EPA—have been steadily rising in recent months and are approaching their highest nominal levels in the history of the program. READ MORE SHARE
Illinois proposes to phase out biodiesel sales tax exemption Illinois Gov. J.B. Pritzker on Feb. 17 proposed to accelerate the expiration of remaining sales tax exemptions for biodiesel as part of his FY 2022 budget proposal. The Illinois Soybean Growers Association is speaking out against the proposal. READ MORE SHARE
Calumet to produce renewable diesel at Montana refinery Calumet Specialty Products Partners L.P. on Feb. 16 announced plans to produce renewable diesel at its petroleum refinery in Great Falls, Montana. The company is expected to discuss the project during its fourth quarter earnings call on March 3. READ MORE SHARE
EPA changes position, supports Tenth Circuit Court’s SRE ruling The U.S. EPA on Feb. 22 announced it now supports the Tenth Circuit Court of Appeal’s January 2020 ruling on small refinery exemptions (SREs). Representatives of the U.S. biofuels industry are applauding the agency’s new position. READ MORE SHARE
EPA: 1.4 billion RINs generated in January The U.S. EPA has released renewable identification number (RIN) generation data for January, reporting that more than 1.4 billion RINs were generated during the month, down from 1.57 billion generated during the same month of 2020. READ MORE SHARE
USDA predicts growth in biodiesel, renewable diesel and SAF The USDA predicts that 8.6 billion pounds of soybean oil will go to biodiesel production annually by 2030, up from 8.15 billion pounds in 2021-'22, according to data released by the agency as part of its long-term agricultural projections. READ MORE SHARE
CLEAN Future Act includes RFS, renewable energy provisions House Committee on Energy and Commerce democrats on March 2 introduced the CELAN Future Act, which sets a goal to achieve net-zero GHG emissions by 2050. The bill includes provisions related to the RFS and bioenergy. READ MORE SHARE