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Neste: Q2 sales margin for renewable products sets record

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By Erin Krueger

August 01, 2022

Business Distribution Production North America Europe 

Neste released second quarter financial results on July 28, reporting robust demand for renewable products during the three-month period and record quarterly comparable sales margin of $865 per ton, up from $700 per ton during the Q2 2021.

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Due to the expansive geography of Southeast Asia and the cultural norms leaning toward face-to-face business dealings, the USGC's Southeast Asia office partnered to hold the Agricultural Supply Chain Conference earlier this year.

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Novozymes introduces Innova Apex and Innova Turbo to the Innova platform. Innova Apex and Turbo are tailored to work in specific fermentation times, enabling ethanol producers to maximize their fermentation process.

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Sens. Chuck Grassley, R-Iowa, and Joni Ernst, R-Iowa, on July 26 introduced the Next Generation Fuels Act, which aims to leverage higher-octane fuels to improve engine efficiency and performance. Rep. Cindy Axne, D-Iowa, introduced the bill in 2021.

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U.S. fuel ethanol production was down more than 1 percent the week ending July 22, according to data released by the U.S. Energy Information Administration on July 27. Weekly ending stocks of fuel ethanol were also down 1 percent.

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4AIR, NATA announce SAF delivery receipt for business aviation

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By National Air Transportation Association

July 27, 2022

The National Air Transportation Association and 4AIR announced the release of a first-ever SAF receipt for business aviation. The SAF Delivery Receipt allows fixed-base operators (FBOs) to provide documumentation to business aircraft operators.

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Strategic Biofuels has announced that the State of Louisiana recently enhanced its CSS legislation with provisions that provide additional carbon dioxide (CO2) reservoir storage security for projects in Caldwell Parish.

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To increase awareness of DDGS usage in Peruvian swine diets and strengthen ties with the pork sector, the USGC sponsored four speakers at the annual International Pork Congress (CIPORC) organized by the Peruvian Pork Association (ASOPORCI).

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MN Bio-Fuels: Gov. Walz tours Guardian Energy

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By Minnesota Bio-Fuels Association

July 26, 2022

Gov. Tim Walz visited Guardian Energy on July 22 to take a closer look at the plant's state-of-the-art production capabilities, the important role ethanol plays in reducing greenhouse gas emissions and it's impact on rural economies.

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Navigator CO2 has announced the relocation of its corporate headquarters to Omaha, Nebraska, and the key addition of Tyler Durham as chief development officer and senior vice president. The company is developing the Heartland Greenway CCS project.

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The Nebraska ethanol industry produced over 2.25 billion gallons in 2019, resulting in a value of production for ethanol and co-products of greater than $4.04 billion, according to a new University of Nebraska–Lincoln study.

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Archer Daniels Midland Co. on July 26 reported its ethanol-related business segements benefited from good gasoline demand, strong ethanol blending economics and $50 million in COVID-19 relief funds during the second quarter.

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The Global Centre for Maritime Decarbonisation is leading a consortium of 18 industry partners to launch a drop-in biofuels pilot project to establish an assurance framework for ensuring the supply chain integrity of green marine fuels.

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Clean Fuels Alliance America has released for immediate review and execution the newest version of its Bioheat Fuel Trademark License Agreement. This new agreement has been developed cooperatively by Clean Fuels and NORA.

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Gevo Inc. has closed on the purchase of approximately 245 acres near Lake Preston, South Dakota, for its first commercial scale sustainable aviation fuel (SAF) facility, Net-Zero 1. The company expects to break ground on the plant in September.

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The U.S. EPA has released updated renewable identification number (RIN) data showing that nearly 1.85 billion RINs were generated under the Renewable Fuel Standard in June, up from 1.77 billion RINs generated during the same month of 2021.

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The U.S. EPA and Growth Energy on July 22 filed a consent decree agreement with the U.S. District Court for the District of Columbia that requires the agency to proposed 2023 RFS RVOs by Nov. 16, 2022, and finalize the 2023 RVOs by June 14, 2023.

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A new study that evaluates several approaches to reducing GHG and other emissions from medium and heavy-duty vehicles from 2022-2032 finds considerable advantages with advanced diesel technology particularly when using biofuels.

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The U.S. EPA and Growth Energy on July 22 filed a consent decree agreement with the U.S. District Court for the District of Columbia that requires the agency to proposed 2023 RFS RVOs by Nov. 16, 2022, and finalize the 2023 RVOs by June 14, 2023.

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The U.S. EPA has released updated renewable identification number (RIN) data showing that nearly 1.85 billion RINs were generated under the Renewable Fuel Standard in June, up from 1.77 billion RINs generated during the same month of 2021.

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Gevo Inc. has announced a new fuel sales agreement with American Airlines Inc. The agreement sets forth the terms for the sale of 100 million gallons per year of SAF for five years from Gevo's future commercial operations.

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The U.S. Grains Council's effiorts to eduate Indonesian buyers on the animal health benefits that distillers dried grains with solubles (DDGS) provide and the cost savings for producers has helped boost purchases of the feed product.

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Growth Energy Senior Vice President of Regulatory Affairs Chris Bliley submitted comments to the Oregon Department of Environmental Quality in response to its proposal to update and extend its carbon reductions under the state's Clean Fuels Program.

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Technip Energies has been awarded a significant contract by Neste for the expansion of their renewable products production capacity in Rotterdam, the Netherlands, as part of the existing partnership agreement between Technip Energies and Neste.

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Summit Carbon Solutions announced today that Lee Blank has been hired as chief executive officer. He will assume day-to-day leadership of Summit Carbon Solutions, working closely with the company's sponsor, Summit Agricultural Group.

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The U.S. EPA on June 21 published updated data on small refinery exemptions (SREs) filed under the Renewable Fuel Standard, reporting that no new SRE petitions have been filed in the past month. Three SRE petitions are currently pending.

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UNICA, the Brazilian sugarcane industry association, has released new data showing that sugarcane processing and ethanol production were both down in during the second half of June. Ethanol sales were also down slightly.

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Viva Aerobus—Mexico's ultra-low-cost airline—took its first flight powered by sustainable aviation fuel from Los Angeles to Guadalajara on June 15. The uplift was made possible by the partnership between Avfuel and Neste.

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The U.S. EPA on June 21 published updated data on small refinery exemptions (SREs) filed under the Renewable Fuel Standard, reporting that no new SRE petitions have been filed in the past month. Three SRE petitions are currently pending.

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With a time-to-market advantage over EVs, ethanol benefits the 270 million cars on the road today while replacing benzene-based carcinogens in gas. With its low-carbon, high-octane requirement, the Next Generation Fuels Act takes ethanol higher.

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