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Imperial Oil: Strathcona biorefinery remains on track for 2025 startup

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By Erin Voegele

April 30, 2024

Business

Imperial Oil Ltd. on April 26 released first quarter financial results, confirming that construction on its renewable diesel project under development at its Strathcona refinery near Edmonton, Alberta, is progressing as scheduled.

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Neste Corp. released first quarter results on April 25, reporting that the company’s operations were negatively impacted by weaker renewable diesel margins during the three-month period. SAF sales volumes are expected to increase throughout 2024.

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On April 29, 40 companies and organizations that hold a stake in the development and deployment of sustainable aviation fuel united to announce the formation of the Sustainable Aviation Fuel (SAF) Coalition.

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Aemetis Inc. has announced it is implementing the Microsoft Dynamics enterprise resource planning (ERP) system worldwide for all Aemetis operations in the U.S. and India to support current operations and expansion projects.

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Valero Energy Corp. on April 25 announced that its SAF project in Texas is progressing ahead of schedule and expected to be operational this year. The company also reported its ethanol and renewable diesel operations were profitable during Q1.

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The USDA on April 23 awarded more than $43 million in grants through the Higher Blends Infrastructure Incentive Program to support projects that will increase the availability of domestic biofuels in 15 states.

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Vertex Energy Inc. on April 18 announced the renewable diesel production unit at its refinery in Mobile, Alabama, operated at approximately 50% of nameplate capacity during the first quarter of 2024, in line with the company’s previous forecasts.

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Calumet Specialty Products Partners L.P. on April 16 released a Q1 operational update, reporting that its Montana Renewables biorefinery operated well throughout the three-month period, with production volumes sequentially improved each month.

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EcoEngineers on April 15 announced the expansion of its services in compliance with the Canadian Clean Fuel Regulations. The company has been granted a scope extension by the ANSI National Accreditation Board (ANAB).

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Neste and New Jersey Natural Gas have announced NJNG will fuel its medium-duty trucks and associated equipment with Neste MY Renewable Diesel to help reduce greenhouse gas (GHG) emissions.

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WestJet on April 19 announced that it has purchased the first sustainable aviation fuel (SAF) supplied in Canada by Shell Aviation, marking another milestone in WestJet's mission to achieve net-zero emissions by 2050.

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Nearly 1.91 billion RINs were generated under the Renewable Fuel Standard in March, down from 1.92 billion generated during the same month of 2023, according to data released by the U.S. EPA on April 18.

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The U.S. EPA on April 18 released updated small refinery exemption (SRE) data, reporting that two additional SRE petitions have been filed under the Renewable Fuel Standard in the past month. A total of 38 SRE petitions are now pending.

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Jet2.com on April 16 announced that it will use a blend of sustainable aviation fuel (SAF) at London Stansted Airport in 2024, meaning the leading leisure airline will use SAF on departing flights from two U.K. airports in 2024.

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Meridian Energy Group Inc., the developer of a proposed greenfield oil refinery in Belfield, North Dakota, on April 16 announced that the facility will have the ability to co-process up to 4,000 barrels per day vegetable oil.

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Sustainable Aviation Buyers Alliance has announced the largest ever collection of deals to purchase high-integrity SAF certificates (SAFc), with SABA members committed to channel close to $200 million into purchasing SAFc over five years.

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Boeing is buying 9.4 million gallons of blended SAF to support its 2024 U.S. commercial operations, reducing its carbon emissions and working to help grow the supply of the fuel globally. This is the company's largest annual SAF purchase.

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Minnesota begins transition to B20 for summer months

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By Minnesota Soybean Research & Promotion Council

April 15, 2024

Now in its seventh year since the B20 requirements were enacted, the state of Minnesota is beginning its transition toward a 20-percent biodiesel blend (B20) during the summer months.

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Neste and Air New Zealand have signed an agreement for the supply of 2.4 million gallons of neat Neste MY Sustainable Aviation Fuel. The agreement follows an earlier SAF delivery to Air New Zealand in 2022.

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Desert Jet has partnered with TITAN Aviation Fuels to establish the supply of sustainable aviation fuel (SAF) at its flagship FBO, Desert Jet Center at KTRM, including using SAF for its charter aircraft fleet.

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Colonial Oil Industries Inc. will pay a $2.8 million civil penalty and purchase and retire 9 million RINs at an estimated price of $12.2 million under a settlement agreement reached with the EPA and Justice Department related to CAA violations.

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Strategic Biofuels has received a strategic investment commitment from Magnolia Sustainable Energy Partners, a newly formed Japanese-based investment consortium created by Sumitomo Corporation of Americas and JX Nippon Oil & Gas Exploration Corp.

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New Rise Renewables on April 9 announced work is underway to convert its existing renewable diesel plant located near Reno, Nevada, to sustainable aviation fuel (SAF). SAF production is currently expected to commence this summer.

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Ethanol Producer Magazine announced the keynote speakers for the 2024 International Fuel Ethanol Workshop & Expo (FEW) being held June 10-12, 2024 at the Minneapolis Convention Center in Minneapolis, Minnesota.

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The Iowa Renewable Fuels Association is once again offering the statewide On-Farm Biodiesel Credit Program to farmers who buy a biodiesel blend for their Iowa farm tank. The program offers up to 50 cents per gallon.

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The Startup World Cup, the world’s largest startup pitch competition, will select one winner from Pitch Day at the International Fuel Ethanol Workshop & Expo to compete in the Startup World Cup Finale.

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World Fuel Services will supply the U.K. Ministry of Defence with 5.15 million liters of aviation fuel. The supplied fuel is blended with approximately 40% sustainable aviation fuel (SAF), sourced from Neste.

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Ryanair on March 28 announced that it has purchased 1,000 metric tons of sustainable aviation fuel (SAF) from Shell. That volume of SAF is enough to fuel over 200 flights from Stansted to Madrid.

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Neste has started supplying sustainable aviation fuel (SAF) to Emirates at Amsterdam Airport Schiphol, expanding the partnership the two companies announced in October last year.

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TotalEnergies and China Petroleum and Chemical Corp. (SINOPEC) have signed a heads of agreement (HoA) to jointly develop a sustainable aviation fuel (SAF) production unit at a SINOPEC's refinery in China.

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