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Alcohol-to-Jet Could Become Predominate SAF Platform

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By Tom Bryan

March 13, 2023

BusinessMarkets

Ethanol Producer Magazine's editor reflects on the trajectory of ethanol-based SAF while offering a preview of the publication's April issue, which includes stories on alcohol-to-jet, industry M&A activity, and near-site ethanol plant CCS.

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Alto Ingredients Inc. on March 9 released Q4 results, reporting that the company was negatively impacted by commodity price swings. The company is diversifying its operations to produce high protein products, corn oil, CCS credits and RNG.

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Aemetis Inc. released Q4 results on March 9, reporting full year revenues were up 21 percent when compared to 2021. During an earnings call, company officials discussed ongoing projects related to ethanol, RNG and SAF production.

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Legislation currently pending in Minnesota aims to establish a clean transportation standard that would require the state's transportation fuels to achieve 100 percent reduction in carbon intensity (CI) by 2050.

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Viridos Inc., an algae biofuel company focused on algae-based jet and diesel fuel, has raised a $25 million Series A equity investment led by Breakthrough Energy Ventures (BEV) and joined by Chevron U.S.A. Inc. and United Airlines Ventures.

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Legislation currently pending in Minnesota aims to establish a clean transportation standard that would require the state's transportation fuels to achieve 100 percent reduction in carbon intensity (CI) by 2050.

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Business Briefs

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By Ethanol Producer Magazine

March 11, 2023

Market data and business announcements from the April issue of Ethanol Producer Magazine, including record-breaking E15 sales in Minnesota, Gevo signing on to Summit Carbon Solutions, all-time high export values reached in 2022, and more.

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Americans strongly support expanded use of lower-cost, lower-carbon renewable fuels like ethanol, want greater access to higher ethanol blends, and strongly oppose policies that remove options at the gas pump or the auto dealership.

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At the U.S. Grains Council's 20th International Marketing Conference and 63rd Annual Membership Meeting in Savannah, Georgia, the Council's Ethanol Advisory Team (A-team) solidified key market priorities for 2023.

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Gevo Inc. released Q4 results on March 9, confirming that the company's Net Zero 1 project in South Dakota remains on schedule for startup in 2025. Gevo said its RNG project continues to ramp up operations, while its Minnesota biorefinery is idle.

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Targray has opened two new biodiesel fuel terminals in Oregon. Located in Portland and Eugene, respectively, the new terminals are strategically positioned to ease supply concerns for wholesale fuel distributors, retailers and refineries.

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RFA welcomes ArrowUp, Hanigan Law Group as new members

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By Renewable Fuels Association

March 09, 2023

The RFA has welcomed ArrowUp LLC, a global technology company that offers bacteria control services, and Hanigan Law Group PLC, which focuses on business transactions and securities law, as its newest associate members.

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ClearFlame Engine Technologies raises $30M in series B funding

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By ClearFlame Engine Technologies

March 09, 2023

Chicago-based ClearFlame Engine Technologies has raised $30 million in Series B funding to bring to market innovative solutions that power heavy-duty engines with clean, renewable fuels and create a viable business solution to reduce carbon and soot.

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The U.S. exported 117.82 million gallons of ethanol and 770,344 metric tons of distillers grains in January, according to data released by the USDA FAS on March 8. Exports of both products were down when compared to January 2022.

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Strategic Biofuels has been invited by the U.S. Department of Energy's Loan Programs Office (LPO) to submit a Part II application for a proposed $1.6 billion loan guarantee under the Title XVII Innovative Clean Energy Loan Guarantee Program.

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Vertimass has launched a Series C investment opportunity with the goal of establishing a commercialization platform for its breakthrough biofuel technology for the production of jet, diesel, gasoline, and LPG fuels from biomass.

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The U.S. exported 12,908.1 metric tons of biodiesel and biodiesel blends of B30 or greater in January, down from both 65,041 metric tons the previous month and 26,383.6 metric tons in January 2022, according to data released by USDA FAS on March 8.

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With carbon capture and sequestration taking ethanol towards net-zero, a rising CCS developer is focused on working with producers that are uniquely positioned to sequester near their plant.

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The USDA on March 8 kicked off the inaugural National Biobased Products Day and highlighted the accomplishments of people and organizations working to improve sustainability within the federal government.

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On the inaugural National Biobased Products Day, the Agriculture Energy Coalition released a letter to Senate and House Agriculture Committee leaders urging them to preserve funding for Farm Bill energy title programs.

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POET is celebrating its 35th anniversary. The company, founded in 1987, currently boasts an annual production rate of 3 billion gallons of bioethanol, 14 billion pounds of animal feed, and 1 billion pounds of corn oil.

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UNICA, the Brazilian sugarcane industry association, has announced facilities in the south-central region of Brazil produced 207.26 million liters of ethanol during the first half of February. Corn ethanol accounded for 98 percent of that volume.

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U.S. fuel ethanol production expanded by nearly 1 percent the week ending March 3, according to data released by the U.S. Energy Information Administration on March 8. Weekly ending stocks of fuel ethanol were up more than 2 percent.

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The USDA on March 8 kicked off the inaugural National Biobased Products Day and highlighted the accomplishments of people and organizations working to improve sustainability within the federal government.

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On the inaugural National Biobased Products Day, the Agriculture Energy Coalition released a letter to Senate and House Agriculture Committee leaders urging them to preserve funding for Farm Bill energy title programs.

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Air bp, the international aviation fuel products and service supplier, has announced the first sale of International Sustainability and Carbon Certification (ISCC) EU SAF from bp's Castellon refinery in Spain.

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The attorneys general of Iowa and Nebraska on March 6 notified U.S. EPA Administrator Michael Regan of their intent to sue the agency over its illegal delay in issuing regulations to allow year-round sales of E15 within their states.

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The U.S. Energy Information Administration increased its forecasts for both 2023 and 2024 fuel ethanol production in its latest Short-Term Energy Outlook, released March 7. The forecast for ethanol blending was also increased.

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The RFA and Growth Energy have praised many elements included in the U.S. EPA's Third Triennial Report to Congress on the environmental impacts of the RFS, but are calling on the agency to make several important improvements to the report.

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United Airlines on March 2 named Sesame Street's Oscar the Grouch as its first chief trash officer as part of a new consumer education campaign designed to promote the expected benefit of using sustainable aviation fuel (SAF) more broadly.

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