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CVR Energy reports profitable Q1 for renewables segment

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By Erin Voegele

April 29, 2025

Operations Business Sustainable Aviation Fuels 

CVR Energy Inc.’s renewables segment on April 28 reported positive adjusted EBITDA for Q1 2025 despite the expiration of the $1 per gallon blenders tax credit. Renewable diesel production volumes were up for the three-month period.

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easyJet and ATOBA Energy, in partnership with World Fuel Services, announce the signing of a memorandum of understanding for the development of long-term supply of SAF for easyJet’s operations in Europe and the U.K.

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Phillips 66 released Q1 financial results on April 25, reporting reduced pre-tax earnings for its renewable fuels segment despite increased production volumes. The changing tax credit structure is one factor that impacted earnings.

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EVA Air announced the signing of sustainable aviation fuel (SAF) procurement agreements with three major suppliers: AEG FUELS from the U.S., COSMO Oil Marketing Co. Ltd. from Japan, and Formosa Petrochemical Corp. from Taiwan.

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As the demand for fleet decarbonization continues to intensify, Optimus Technologies on April 22 announced the production launch of its latest Vector System, a fuel system technology that enables heavy-duty engines to operate on B100.

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The Minnesota Pollution Control Agency on April 22 announced it has awarded a $75,000 grant to University of Minnesota’s Forever Green Initiative, which intends to make camelina a crop of the future that will help the state develop a SAF industry.

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Aemetis Inc. has announced that its subsidiary in India, Universal Biofuels, on April 24 began shipments to fulfill multiple orders for more than 33,000 kiloliters of biodiesel from the government-owned oil marketing companies.

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Valero Energy Corp. released Q1 financial results on April 24, reporting that a tough margin environment negatively impacted the company’s renewable diesel operations during the three-month period. Valero’s ethanol segment was profitable.

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Mammoet on April 23 announced that it will be implementing HVO fuel across the Netherlands, U.K. and Canada. The investment in HVO was driven by higher demand from lower carbon solutions from the company’s customers.

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On April 23, the Advanced Biofuels Association (ABFA) met with officials in the U.S. EPA to convey the vital importance of domestic biofuel production to the Trump-Vance administration’s energy dominance policy agenda.

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Aemetis Inc. on April 23 announced that its subsidiary in India, Universal Biofuels, has been working with the U.S. government to support the success of American interests in India. U.S. Consul General Jennifer Larson recently toured the facility.

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Heritage Aviation, along with Avfuel Corp.—a leading independent supplier of aviation fuel and services—is proud to announce the introduction of sustainable aviation fuel (SAF) to Patrick Leahy Burlington International Airport (KBTV).

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TotalEnergies on April 22 announced plans to reconfigure the petrochemical operations at its refinery in Antwerp, Belgium. One planned change will add sustainable aviation fuel (SAF) production capacity via coprocessing.

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CARB on April 4 released a third set of proposed changes to the state’s LCFS. More than 80 public comments were filed ahead of an April 21 deadline, including those filed by representatives of the ethanol, biobased diesel and biogas industries.

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The Oregon Department of Environmental Quality on April 18 proposed to delay the 2024 annual report deadline for the state’s Clean Fuels Program due to a cyberattack and extended outage of the Oregon Fuels Reporting System.

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Aemetis Inc. on April 21 announced the company’s subsidiary in India, Universal Biofuels, received multiple orders for an aggregate of $31 million for the delivery during May, June and July of more than 33,000 kiloliters of biodiesel.

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Desmet has been awarded a new contract by LG-ENI Biorefining, a joint venture between LG Chem and ENI Italy, to will deliver a HVO pretreatment plant in Daesan, South Korea. The biorefinery will produce SAF, renewable diesel and naphtha.

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In a rapidly evolving energy landscape, the 41st International Fuel Ethanol Workshop & Expo will return June 9–11 to the CHI Health Center in Omaha, Nebraska. The event is recognized as the largest and longest-running ethanol conference in the world.

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The U.S. EPA on April 17 reported that 1.82 billion RINs were generated under the RFS in March, down from 1.93 billion generated during the same month of 2024. Approximately 5.34 billion RINs were generated during the first quarter of 2025.

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The U.S. EPA on April 17 published updated SRE data showing that five new SRE petitions have been filed under the RFS during the past month. According to the agency, 161 SRE petitions are currently pending,

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The Iowa Biodiesel Board and Iowa Soybean Association on April 11 issued a statement expressing deep appreciation to Gov. Kim Reynolds for her biofuels advocacy. Reynolds on April 11 announced that she will not seek another term.

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Metro Ports on April 8 announced significant environmental milestone in its voluntary efforts to reduce greenhouse gas emissions. By switching to renewable diesel, the organization reduced its carbon emissions by 85%.

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CoBank latest quarterly research report highlights current challenges facing the biobased diesel industry. The report cites policy uncertainty and trade disruptions due to tariff disputes as factors impacting biofuel producers.

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The U.S. EIA on April 15 released its Annual Energy Outlook 2025, which includes energy trend projections through 2050. The U.S. DOE, however, is cautioning that the forecasts do not reflect the Trump administration’s energy policy changes.

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New partnership aims to decarbonize marine transportation

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By Michigan Advanced Biofuels Coalition

April 11, 2025

The Michigan Advanced Biofuels Coalition and Green Marine are partnering to accelerating adoption of sustainable biofuels to improve air quality and reduce GHG emissions in Michigan and across the Great Lakes and St. Lawrence Seaway.

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The U.S. Energy Information Administration reduced its 2025 forecasts for renewable diesel and biodiesel in its latest Short-Term Energy Outlook, released April 10. The outlook for “other biofuel” production, which includes SAF, was raised.

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FutureFuel Corp. on March 26 announced the restart of its 59 MMgy biodiesel plant in Batesville, Arkansas. The company’s annual report, released April 4, indicates biodiesel production was down 24% last year when compared to 2023.

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Neste has started producing SAF at its renewable products refinery in Rotterdam. The refinery has been modified to enable Neste to produce up to 500,000 tons of SAF per year. Neste’s global SAF production capacity is now 1.5 million tons.

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Tidewater Renewables Ltd. has reported that its biorefinery in Prince George, British Columbia, operated at 88% capacity last year. A final investment decision on the company’s proposed SAF project is expected by year end.

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BDI-BioEnergy International has signed a contract with Ghent Renewables BV to begin the construction of a pioneering biofuel feedstock refinery plant. Construction is underway and the facility is expected to be operational by the end of 2025.

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