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Mitsubishi invests in Swedish Biofuels

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By Swedish Biofuels AB

February 28, 2023

FeedstocksBusinessMarketsCoproducts

Swedish Biofuels AB announced on Feb. 27 an investment by Mitsubishi Corp. to jointly accelerate commercial deployment of clean renewable fuels using Swedish Biofuels advanced alcohol to jet (ATJ) technology.

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The ethanol industry's contribution to the U.S. economy increased in 2022 as production volumes continued to recover from COVID pandemic levels and producers received higher prices for ethanol and co-products like distiller grains and corn oil.

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The RFA released its 2023 Ethanol Industry Outlook and Pocket Guide during the 28th annual National Ethanol Conference in Orlando. The annual publications serve as the go-to source of ethanol industry information, facts, and statistics.

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The USDA recently released its Grain Crushings and Co-Products Production report for February, reporting that corn use for fuel ethanol production in December was down from both the previous month and December 2021.

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On Feb. 2, 2023, the National Customs Service of Ecuador (SENAE) officially ruled in favor of the domestic feed industry's request for a value added tax (VAT) exemption for distillers dried grains with solubles (DDGS).

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Rep. Randy Feenstra, R-Iowa, in February reintroduced three bills that aim to support the U.S. biofuels industry by comparing the costs of EV and FFV fleets, supporting R&D for SAF, and supporting the development of biofuel fuel cells.

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The use of science-based, consistent and transparent lifecycle analysis methods will be crucially important in implementing the SAF tax credit under the Inflation Reduction Act, the RFA said in comments to the U.S. Department of Treasury.

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A bill introduced in the Iowa legislature on Feb. 20 aims to implement new requirements for the development of carbon dioxide pipelines within the state. The Iowa Renewable Fuels Association has spoken out against the legislation.

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Growth Energy is urging the IRS to rely on the most accurate and up-to-date lifecycle analysis (LCA) approaches in order to make the most of the 40B and 45Z tax credits in the Inflation Reduction Act.

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The Andersons Inc. released fourth quarter financial results on Feb. 14, reporting strong quarterly results and record full year earnings. The company's renewables segment achieved good results despite lower ethanol margins.

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Summit Carbon Solutions' proposed carbon capture, transportation, and storage project continues to advance through the regulatory process as the North Dakota Public Service Commission on Feb. 1 issued an order establishing hearing dates.

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According to new statistical reports released by the RFA, the value of the U.S. ethanol industry's exports soared to a record level of $7.2 billion in 2022. Ethanol export volumes strengthened to 1.35 billion gallons in 2022.

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The U.S. Department of Energy on Jan. 30 awarded $131 million for 33 carbon management projects. At least four of the funded projects specifically address carbon capture related to bioenergy and biofuels.

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Green Plains Inc. released fourth quarter financial results on Feb. 8, reporting that the company's operations were impacted by high corn prices, rail embargoes, and cold weather during the three-month period.

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Illinois Gov. JB Pritzker on Feb. 3 signed the Invest in Illinois Act. The legislative package, in part, creates a $1.50 per gallon sustainable aviation fuel (SAF) purchase tax credit to support the supply and use of SAF within the state.

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U.S. ethanol exports were down in December, falling to 74.17 million gallons. Exports for the full year reached 1.35 billion gallons, up when compared to 2021, according to data released by the USDA on Feb. 7.

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Nippon Paper Industries Co. Ltd., Sumitomo Corp. and Green Earth Institute Co. Ltd. are partnering on the production of cellulosic bioethanol from woody biomass in Japan and its development into bio-chemicals and sustainable aviation fuel (SAF).

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Axens and Praj have signed a memorandum of understanding (MOU) to work jointly on projects in India for production of sustainable aviation fuel (SAF) from low carbon alcohols through alcohol-to-jet (ATJ) pathway.

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The momentum behind Summit Carbon Solutions' carbon capture, transportation, and storage project continues to grow as Iowa landowners have signed easement agreements accounting for two-thirds of the company's proposed project route in the state.

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Greenfield Global Inc., in close collaboration with the University of Alberta's Faculty of Engineering, is leading the development of a new clean technology that will convert agricultural waste into renewable diesel fuel.

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Virent's plant-based synthesized aromatic kerosene on Jan. 30 helped power an Emirates Airline demonstration flight, the first in the Middle East and North Africa to use 100 percent SAF in one engine and traditional jet fuel in the other.

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Aemetis Inc. announced it has accepted into service 36 miles of additional biogas pipeline; two biogas digesters, the biogas-to-RNG upgrading facility, and the utility gas pipeline interconnection unit. Additional digesters will be commissioned soon.

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United Airlines, Tallgrass, and Green Plains Inc. have announced a new joint venture – Blue Blade Energy – to develop and then commercialize a novel sustainable aviation fuel (SAF) technology that uses ethanol as its feedstock.

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Cardinal Ethanol LLC and Vault 44.01 Ltd. have formed a joint venture to design, implement, and operate a carbon dioxide (CO2) capture and sequestration (CCS) project at Cardinal's ethanol production facility near Union City, Indiana.

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The USDA recently released its Grain Crushings and Co-Products Production report for January, reporting that corn use for fuel ethanol production in November was down from both the previous month and November 2021.

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In January, USGC staff spent time in the southeastern region of Mexico, sharing the results of DDGS trials with ranchers in the area who have not been aware of the product and its nutritional components in their animals' feed.

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The U.S. Department of Energy on Jan. 26 awarded $118 million to 17 projects to accelerate the production of sustainable biofuels for America's transportation and manufacturing needs. The projects were selected under a FOA issued in mid-2022.

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Green Impact Partners announced that the Future Energy Park has received final land use approval from the City of Calgary municipal council. The project will convert non-food grade waste wheat into RNG and ethanol.

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Both houses of the Illinois General Assembly on Jan. 10 approved a legislative package that, in part, creates a $1.50 per gallon tax credit for SAF. The legislation must now be signed by Illinois Gov. JB Pritzker.

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Carbon dioxide fuels global warming but scientists from multiple national labs are finding new ways to repurpose it to produce a myriad of valuable products, such as fuels, chemicals, plastics and materials from carbon resources.

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