Biodiesel World News

Regan discusses E15 waivers, biomass-based diesel RVOs at hearing Members of the House Ag Committee grilled EPA Administrator Michael Regan on the agency’s low proposed RFS RVOs for biomass-based diesel, delays in implementing year-round E15 waivers, and GHG tailpipe emission standards during an April 19 hearing. READ MORE SHARE
Debt ceiling plan targets SAF, clean fuels, biofuel tax credits The looming battle over the U.S. debt ceiling could result in the repeal of the sustainable aviation fuel (SAF), clean fuels, clean hydrogen and renewable diesel/biodiesel tax credits, along with the scaling back of the 45Q tax credit for CCS. READ MORE SHARE
	EPA: 1.91 billion RINs generated in March The U.S. EPA has released data showing nearly 1.91 billion RINs were generated under the RFS in March, up from 1.82 billion generated during the same period of last year. Total RIN generation for the first quarter of 2023 reached 3.63 billion. READ MORE SHARE
ADM: New soybean crushing facility to be operational in Q3 Juan Luciano, chairman and CEO of Archer Daniels Midland Co., confirmed that the company’s soybean crushing facility in Spiritwood, North Dakota, is scheduled to come online in time for the 2023 harvest during a Q1 earning call, held April 25. READ MORE SHARE
Calumet: Montana Renewables reaches new operational milestone Calumet Specialty Products Partners L.P. on April 18 announce that its Montana Renewables subsidiary has achieved design throughput capacity at its renewable diesel and sustainable aviation fuel (SAF) biorefinery in Great Falls, Montana. READ MORE SHARE
Optimus Technologies closes $17.8M Series A led by Mitsui & Co. Optimus Technologies announced on April 18 a $17.8 million Series A funding round led by Mitsui & Co. and joined by Chevron Renewable energy Group. The capital raise will fund the further development and deployment of Optimus’ Vector System. READ MORE SHARE
	EPA: 2 new SRE petitions filed, 27 SRE petitions now pending The U.S. EPA on April 20 released new data on small refinery exemptions (SREs) that indicates two additional SRE petitions have been filed under the RFS during the past month. A total of 27 SRE petitions are now pending. READ MORE SHARE
Next Renewables Fuels acquires assets of Red Rock Biofuels Lakeview RNG, a wholly owned subsidiary of Next Renewable Fuels, has acquired assets associated with the Red Rock Biofuels development in Lake County, Oregon, and announced plans to convert the project to RNG and clean hydorgen production. READ MORE SHARE
Tidewater Renewables biorefinery in Canada nears completion Tidewater Renewables Ltd. on April 13 announced its renewable diesel complex under development at its Prince George refinery in British Columbia is 93 percent complete, with startup expected to begin within two months. READ MORE SHARE
Aemetis awarded $34M of biodiesel contracts by India oil refiners Aemetis Inc. announced April 17 that its Universal Biofuels subsidiary in India was selected by the three government-controlled OMCs to supply 8.5 million gallons of biodiesel over the next three months. READ MORE SHARE
Hinson, Craig urge EPA to increase advanced biofuel RVOs A group of 37 representatives led by Reps. Ashley Hinson, R-Iowa, and Angie Craig, D-Minn., sent a letter to U.S. EPA Administrator Andrew Regan urging the agency to increase its proposed 2023, 2024 and 2025 RFS RVOs for biomass-based diesel. READ MORE SHARE
Michigan bill aims to create clean fuel, clean energy standards Michigan lawmakers on April 12 introduced the Clean Energy Future Plan, a bill package that aims to implement a wide range of clean energy provisions, including a clean fuel standard (CFS) and a clean energy standard. READ MORE SHARE