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Iowa biodiesel producers to US Treasury: Without safe harbor now, biodiesel supply chain could grind to a halt

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By Iowa Renewable Fuels Association

September 20, 2024

PolicyBusiness

Iowa biodiesel producers on Sept. 20submitted a letter urging the U.S. Department of Treasury to take immediate action in issuing safe harbor guidance for the 45Z Clean Fuel Production Credit. according to the IRFA.

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Global Partners, a leading independent energy supplier and retail operator, is making renewable diesel available at the East Haven terminal, where Global leases storage to support its bioheat and renewable diesel business.

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The U.S. EPA has announced that 2.06 billion RINs were generated under the RFS in August, down from 2.07 billion generated during the same month of last year. Total RIN generation for the first eight months of 2024 reached 16.49 billion.

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The U.S. EPA on Sept. 19 released updated SRE data, reporting that two new SRE petitions were filed under the RFS during the past month. A total of 50 SRE petitions are now pending, up from 48 that were pending as of mid-August.

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Neste, ITOCHU and GS Caltex have collaborated to make the first batch of CORSIA-eligible ISCC-certified sustainable aviation fuel (SAF) available for purchase at Narita International Airport in Japan.

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A report filed with the USDA FAS Global Agricultural Information Network discusses how China’s domestic biobased-diesel industry has been impacted by the European Union’s provisional antidumping duties on biodiesel and renewable diesel.

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United and the San Francisco 49ers on Sept. 18 announced that the team has become the first in the NFL to purchase SAF. The team has purchased enough SAF to cover its game-related flying on United from San Francisco to Los Angeles on Sept. 22.

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Legislation introduced in the California State Assembly on Sept. 11 aims to prevent the California Air Resources Board from amending the state’s Low Carbon Fuel Standard regulations prior to Jan. 1, 2026.

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An oil refinery located in Scotland planned for decommissioning next year could find new life as a sustainable aviation fuel (SAF) production facility thanks to a joint investment plan announced by the U.K. and Scottish governments on Sept. 12.

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On Sept. 11, SK Energy, the largest refiner in South Korea and a subsidiary of SK Innovation, announced the completion of the nation’s first dedicated sustainable aviation fuel (SAF) production line.

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Neste has revised down its 2024 guidance for renewable products, citing substantially reduced diesel prices. The company said waste and residue feedstock prices have not decreased and renewable product market price premiums have remained weak.

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The U.S. Energy Information Administration on Sept. 10 began publishing new monthly forecasts for biodiesel and renewable diesel to better capture how biofuels are being consumed and overall demand for distillate fuels.

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GREATER MSP Partnership has announced major developments and celebrated a year of accomplishments toward operating the first large-scale, end-to-end sustainable aviation fuel (SAF) value chain in the United States.

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More than three dozen members of the U.S. House of Representatives are urging the U.S. Treasury Department to ensure only fuels manufactured from domestically sourced feedstocks qualify for the upcoming 45Z Clean Fuel Production Credit.

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The U.S. exported 88,432.8 metric tons of biodiesel and biodiesel blends of B30 and greater in July, according to data released by the USDA FAS on Sept. 4. U.S. biodiesel imports were at 86,483 metric tons for the month.

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On Aug. 30, Korean Air began using domestically produced SAF for the first time on flight KE719 from Seoul Incheon to Tokyo Haneda. Korean Air is the first Korean flag carrier to operate commercial flights partially powered by SAF produced in Korea.

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The U.S. Department of Energy Bioenergy Technologies Office (BETO) is overseeing a call for industry partnerships to connect industry stakeholders with the capabilities of the Feedstock-Conversion Interface Consortium.

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Operable U.S. biofuels production capacity increased in June, with gains for both ethanol and renewable diesel, according to data released by the U.S. Energy Information Administration on Aug. 30. Feedstock consumption was up for the month.

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Avflight Mesa, in partnership with leading aviation fuel supplier, Avfuel Corp., is excited to announce it now offers an emission-reducing fuel option: sustainable aviation fuel (SAF). The first truckload of SAF arrived on Aug. 28.

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SAF Magazine has announced the six companies selected to pitch to a group of investors at Pitch Day at the 2024 North American SAF Conference & Expo, taking place Sept. 11-13 at the Saint Paul RiverCentre in Saint Paul, Minnesota.

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The U.S. DOE on Aug. 28 released its annual U.S. Energy and Employment Report, reporting that employment in the renewable diesel sector grew by an impressive 7.3% last year, the fastest growth rate in the U.S. fuels sector.

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Cepsa Bioenergia San Roque SL (CBSR), a joint venture between Cepsa and Bio-Oils (subsidiary of Apical), has awarded Worley a services contract for the expansion of CBSR’s renewable fuel complex in Huelva, Spain, including a new biofuel plant.

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Acer, Cathay Cargo, and Dimerco Express Group are joining forces to reduce carbon emissions in aviation. Acer and its logistics provider Dimerco have signed an agreement to SAF use on Cathay Cargo's flights, beginning from 2024.

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The government of Brazil on Aug. 22 announced it will offer R$6 billion ($1.09 billion) to support the development of biorefineries to produce sustainable aviation fuel (SAF) and sustainable marine fuels.

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Canadian National Railway and Canadian Pacific Kansas City, the country’s two largest rail carriers, on Aug. 26 resumed operations after the Canadian Industrial Relations Board took action over the weekend to end a work stoppage that began Aug. 22.

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EcoCeres Inc., a leading pure-play renewable fuel producer, delivered its first vessel with 10 million liters of a sustainable blending component for jet fuel (neat HEFA-SPK) to the Evos Ghent terminal.

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Sens. Sherrod Brown, D-Ohio, and Pete Ricketts, R-Neb., in August introduced the Renewable Chemicals Act, a bill that aims to create a tax credit to support the production of biobased chemicals.

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The Canadian government on Aug. 19 announced it will award up to C$6.59 million to Bioindustrial Innovation Canada to support the development of technologies to produce bioenergy, biofuels and biomaterials.

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Topsoe has signed an agreement with HOLBORN Europa Raffinerie GmbH (HOLBORN), to provide its HydroFlex technology for the production of SAF and renewable diesel at its plant in Hamburg, Germany.

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DB Cargo U.K. has announced that all trains it operates for Drax Group in and out of the U.K.’s largest renewable energy plant near Selby, will be powered by environmentally friendly hydro-treated vegetable oil (HVO).

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