Biodiesel World News

Chevron to acquire REG for $3.15 billion Chevron Corp. on Feb. 28 announced a definitive agreement to acquire REG. Chevron cited REG’s expertise in feedstock sourcing and market access as two factors that make the transaction an attractive way to boost Chevron’s renewable fuels business. READ MORE SHARE
Chevron, Bunge announce definitive agreements for joint venture Chevron U.S.A. Inc. and Bunge North America Inc. on Feb. 22 announced the signing of definitive transaction agreements to create their previously announced joint venture. The new venture will create renewable feedstocks for biofuel production. READ MORE SHARE
	EPA proposes June 3 deadline to finalize 2021, 2022 RVOs The U.S. EPA is scheduled to publish a notice of proposed consent decree on Feb. 23 related to a legal challenge filed by Growth Energy that would establish deadlines for the agency to finalize the 2021 and 2022 RFS RVOs by June 3, 2022. READ MORE SHARE
EIA: Biofuel capacity down in December, feedstock use up Total U.S. operatable biofuels production capacity fell slightly in December to 20.834 billion gallons per year, according to data released by the U.S. Energy Information Administration on Feb. 28. Feedstock use was up for the month. READ MORE SHARE
EPA announces new science advisory board process The U.S. EPA is implementing a new process by which the Science Advisory Board will assess the science that informs decisions regarding proposed rules. The process will restore opportunities for peer review and strengthen the independence of the SAB. READ MORE SHARE
EPA: 1.78 billion RINs generated in January The U.S. EPA has released updated renewable identification number (RIN) data, reporting that nearly 1.78 billion RINs were generated under the Renewable Fuel Standard in January, up from 1.4 billion generated during the same period of 2021. READ MORE SHARE
	CVR: Renewable diesel unit at Wynnewood nears completion CVR Energy has announced the renewable diesel conversion project at its Wynnewood, Oklahoma, refinery is nearly complete. The company’s board of directors has also approved a plan to break out its renewable fuels business as a separate entity. READ MORE SHARE
REG contracts BDI to upgrade 2 German biodiesel plants BDI-BioEnergy International GmbH on Feb. 17 announced it has contracted with Renewable Energy Group to upgrade two biodiesel plants in Germany by installing a state-of-the-art feedstock pretreatment technology to process wastes fats and oils. READ MORE SHARE
Neste reports strong Q4 for renewable products Neste released Q4 financial results on Feb. 10, reporting that the company’s renewable products business segment achieved improve sales volumes and sales margins despite several scheduled shutdowns, a weaker U.S. dollar and higher fixed costs. READ MORE SHARE
Iowa biodiesel supporters advocate for governor’s bill Soybean farmers, biodiesel producers and other supporters met with Iowa state senators on Feb. 15, urging them to vote for a bill to increase consumer access to higher biofuel blends like 20 percent biodiesel (B20). READ MORE SHARE
Clean Fuels submits testimony for senate hearing on RFS On Feb. 16, Clean Fuels Alliance America submitted written comments to the Senate Committee on Environment and Public Works ahead of its hearing to examine the U.S. EPA’s Renewable Fuel Standard program. READ MORE SHARE
EPA seeks experts to peer review of third RFS triennial report The agency is required to report to congress on the environmental and resource conservation impacts of the Renewable Fuel Standard. READ MORE SHARE