Biodiesel World News

Senate Inflation Reduction Act packed with bioenergy incentives Senate democrats on July 27 announced an agreement to bring the Inflation Reduction Act of 2022 to vote. The bill includes many bioenergy incentives, particularly the extension and modification of existing tax credits and creation of new ones. READ MORE SHARE
Neste: Q2 sales margin for renewable products sets record Neste released second quarter financial results on July 28, reporting robust demand for renewable products during the three-month period and record quarterly comparable sales margin of $865 per ton, up from $700 per ton during the Q2 2021. READ MORE SHARE
	EPA: 1.85 billion RINs generated in June The U.S. EPA has released updated renewable identification number (RIN) data showing that nearly 1.85 billion RINs were generated under the Renewable Fuel Standard in June, up from 1.77 billion RINs generated during the same month of 2021. READ MORE SHARE
CRV: Wynnewood continues to ramp up renewable diesel production CVR Energy Inc. began operations at its newly converted renewable diesel unit at its Wynnewood refinery in Oklahoma in mid-April. That unit processed approximately 3,100 barrels per day of vegetable oil feedstock during the second quarter. READ MORE SHARE
Marathon provides update of Martinez conversion project The first phase of Marathon Petroleum’s renewable diesel conversion project at its Martinez refinery in California is expected to be mechanically complete by the end of the year, according to comments made by President and CEO Michael Hennigan. READ MORE SHARE
Bayer increases investment in oilseed producers CoverCress Bayer, Bunge and Chevron U.S.A. Inc., a subsidiary of Chevron Corp., have signed a shareholders’ agreement in connection with Bayer’s acquisition of a 65 percent majority ownership of the winter oilseed producer CoverCress Inc. READ MORE SHARE
	Valero reports solid Q2 performance for biofuel segments Valero Energy Corp. released second quarter financial results on July 28, reporting record high renewable diesel production volumes and the sale of the company’s 110 MMgy ethanol plant located in Jefferson, Wisconsin. READ MORE SHARE
Clean Fuels releases Bioheat fuel registered trademark agreement Clean Fuels Alliance America has released for immediate review and execution the newest version of its Bioheat Fuel Trademark License Agreement. This new agreement has been developed cooperatively by Clean Fuels and NORA. READ MORE SHARE
Senators ask EPA to set strong RVOs for biomass-based diesel A group of 24 senators on July 19 sent a letter to U.S. EPA Administrator Michael Regan urging the agency to set strong 2023 and 2024 Renewable Fuel Standard renewable volume obligations (RVOs) for biomass-based diesel. READ MORE SHARE
Louisiana passes law benefiting Strategic Biofuels project Strategic Biofuels has announced that the State of Louisiana recently enhanced its CSS legislation with provisions that provide additional carbon dioxide (CO2) reservoir storage security for projects in Caldwell Parish. READ MORE SHARE
EPA agrees to release proposed 2023 RVO in November The U.S. EPA and Growth Energy on July 22 filed a consent decree agreement with the U.S. District Court for the District of Columbia that requires the agency to proposed 2023 RFS RVOs by Nov. 16, 2022, and finalize the 2023 RVOs by June 14, 2023. READ MORE SHARE
Biofuels offer emissions solution for medium, heavy-duty trucks A new study that evaluates several approaches to reducing GHG and other emissions from medium and heavy-duty vehicles from 2022-2032 finds considerable advantages with advanced diesel technology particularly when using biofuels. READ MORE SHARE