Vertex Energy Inc. released fourth quarter financial results on Feb. 28, reporting that the company’s renewable diesel production unit at its refinery in Mobile, Alabama, produced 3,786 barrels per day during the three-month period.
Southwest Airlines Co. has launched Southwest Airlines Renewable Ventures, a wholly-owned subsidiary dedicated to creating more opportunities to obtain scalable SAF. The carrier also announced a $30 million investment in LanzaJet Inc.
The price of compliance credits for biomass-based diesel and ethanol has decreased about 45% since the start of the year, when prices were already the lowest in about three years, according to the U.S. Energy Information Administration.
Yield10 Bioscience Inc. on Feb. 14 announced it has granted VISION Bioenergy Oilseeds LLC a global license to certain proprietary varieties of camelina sativa for the production of feedstock oil for biofuels.
The U.S. Department of Energy and the U.S. EPA on Feb. 22 released a funding opportunity announcement (FOA), entitled, “Inflation Reduction Act Funding for Advanced Biofuels,” for up to $9.4 million for the development of advanced biofuels.
Calumet: Montana Renewables operating at near capacity, work continues on proposed MaxSAF initiative
Calumet released Q4 financial results on Feb. 23, announcing that Montana Renewables returned to normal operations in December following the replacement of a cracked steam drum and providing an update of the company’s proposed MaxSAF initiative.
CVR Energy Inc. released Q4 results on Feb. 20, reporting that the feedstock pretreatment unit at its Wynnewood refinery in Oklahoma is mechanically complete. The company is also continuing to evaluate projects to add SAF capacity at two refineries.
Aemetis Inc., an RNG and renewable fuels company focused on negative carbon intensity products, has announced an updated five-year plan that projects the company will generate $1.95 billion in revenues and $645 million of adjusted EBITDA in 2028.
Cepsa and Bio-Oils, a subsidiary of Apical, are beginning construction of the largest second-generation biofuels plant in southern Europe. The facility will have the flexibly produce 500,000 tons of SAF and renewable diesel.
The Clean Fuels Alliance Foundation has awarded the Beth Calabotta Sustainable Education Grant to Pranab Adhikari. Adhikari is currently pursuing a computer science degree at the University of Wisconsin-Madison.
Braya Renewable Fuels on Feb. 22 announced that its project to convert an oil refinery in Come By Chance, Newfoundland and Labrador, to renewable fuels is now complete and that commercial operations have commenced.
The U.S. Department of Energy has announced its intent to issue funding to support research and development (R&D) projects for converting algae and other wet waste feedstocks to low-carbon fuels, chemicals and agricultural products.
Technip Energies announces a strategic investment in the United Airlines Ventures Sustainable Flight Fund, which is designed to leverage cross-industry support, providing start-ups working on SAF research, production and technology.
A Pennsylvania refinery operated by a subsidiary of Delta Air Lines Inc. is evaluating the possibility of producing sustainable aviation fuel (SAF) and other renewable fuels, according to information contained in the company’s annual report.
Airbus and TotalEnergies have signed a strategic partnership to address the challenges of decarbonizing aviation through SAF. The partnership includes components related to the supply of SAF in Europe and a research and innovation program.
Neste Corp. released 2023 financial results on Feb. 8, reporting that renewable diesel production was up more than 15% when compared to 2022, with sustainable aviation fuel (SAF) production up nearly 59%.
PBF Energy Inc. released fourth quarter financial results on Feb. 15, reporting that the company’s St. Bernard Renewables (SBR) facility produced approximately 12,000 barrels per day of renewable diesel during the three-month period.
More than 1.89 billion renewable identification numbers (RINs) were generated under the Renewable Fuel Standard in January, up from 1.76 billion generated during the same month of 2023, according to a data released by the U.S. EPA on Feb. 15.
The U.S. EPA has published updated SRE data, reporting that 35 SRE petitions are now pending, up from 15 that were pending as of mid-January. No new SRE petitions were filed, but 20 previously denied petitions are being reconsidered by the agency.
Clean Fuels Alliance America welcomed nearly 850 attendees from over 20 countries to connect with key players from the biodiesel, renewable diesel and sustainable aviation fuel industries at the Clean Fuels Conference in Fort Worth, Texas.
On Feb. 5, at the Louisiana Mid-Continent Oil and Gas Association’s annual conference, Louisiana Gov. Jeff Landry announced a $100 million bond allocation for the expansion project at Chevron’s Geismar renewable diesel plant.
The Iowa Renewable Fuels Infrastructure Program (RFIP) Board approved 74 project applications totaling more than $3.4 million in cost-share funding for Iowa fuel retailers during its most recent quarterly board meeting.
Strategic Biofuels and Sumitomo Corporation of Americas, a subsidiary of Sumitomo Corp., have entered into a joint development agreement for the proposed Louisiana Green Fuels project in Louisiana, which has now shifted its focus to SAF production.
In order for Minnesota to achieve its greenhouse gas (GHG) emission reduction goals, biofuels must be included in a fuel- and technology-neutral clean transportation standard (CTS), according to the Minnesota Bio-Fuels Association.
Loamist, a climatetech startup, has announced its pre-seed financing and emergence from stealth mode, marking the public release of its Biomass Explorer product, a tool that addresses the critical challenge of accessing biomass.
Clean Fuels Alliance America recognized ASTM International, Darling Ingredients Executive Vice President – Chief Strategy Officer John Bullock, and PepsiCo Inc. with Clean Fuels Awards at the Clean Fuels Conference.
The U.S. Energy Information Administration currently expects renewable diesel production to increase by approximately 30% annually in both 2024 and 2025, according to the agency’s latest Short-Term Energy Outlook, released Feb. 6.
Neste and Amelia, a French regional airline, have closed an agreement for the supply of blended Neste MY Sustainable Aviation Fuel. Amelia has been using the SAF for all its flights departing from Amsterdam Airport Schiphol since Jan. 1.
In 2023, Iowa biodiesel production kept steady at 350 million gallons, nearly the same as the 349 million gallons produced in 2022. Soybean oil increased to 77 percent of the feedstock for Iowa biodiesel production during the year.
Future Energy Global, led by former GE Capital Aviation Services Head of Portfolio Strategy Natasha Mann, has launched an innovative financial ecosystem to accelerate the production and uptake of sustainable aviation fuel (SAF).
Advertisement
@ Copyright 2024 - BBI International - All rights reserved.