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REG reports Q3 financial results

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By Renewable Energy Group Inc.

November 05, 2020

BusinessFeedstocksPolicyDistributionProductionNorth America

Renewable Energy Group Inc. on Nov. 5 announced its financial results for the third quarter ended Sept. 30, 2020. Revenues for the three-month period were $576 million on 176 million gallons of fuel sold.

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Neste and All Nippon Airways, Japan's largest and a five-star airline, are entering a sustainable aviation fuel (SAF) supply agreement. This groundbreaking partnership will see ANA become the first airline to use SAF on flights departing from Japan.

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The New York State Energy Coalition and National Oilheat Research Alliance have launched a new Bioheat marketing campaign, “I'm a Net-Zero Hero,� running throughout the five boroughs and Nassau and Suffolk Counties.

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The National Biodiesel Foundation was awarded two U.S. EPA grants through the 2021 Diesel Emissions Reduction Act program. The first is in for a project in Washington, D.C. The second will support a project in Iowa.

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Biodiesel Magazine the leading publication for the biodiesel industry, recently released its 2021 media kits. Biodiesel Magazine is now accepting 2021 advertising schedules across its print and digital platforms.

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Microsoft Corp. employees who fly between their global headquarters in Redmond, Washington, and California on Alaska Airlines will fly more sustainably thanks to the use of sustainable aviation fuel (SAF) to cover their business travel.

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Neste released third quarter financial results on Oct. 22, reporting solid performance despite the COVID-149 pandemic. Demand for the company's renewable diesel remained good and sales volumes were relatively stable.

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The USDA on Oct. 8 announced an initial round of awards under its $100 million Higher Blends Infrastructure Incentive Program. The agency awarded $22 million to 40 recipients in 14 states. Additional awards are expected to be announced soon.

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A vision of feedstocks

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By Donnell Rehagen, CEO of the National Biodiesel Board

October 02, 2020

The biodiesel and renewable diesel industries have a vision to exceed 6 billion gallons by 2030 and with advancements in feedstocks, 15 billion gallons by 2050. The NBB believes the industry can reach that goal.

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The NBB has welcomed Matt Herman as the organization's new director of environmental science. He has experience using life cycle assessment to measure the environmental attributes of biodiesel, renewable diesel, and their supply chains.

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In a move which anticipates increasing desire from airlines to reduce emissions, Neste and Shell Aviation have entered into a sustainable aviation fuel (SAF) supply agreement that the companies say will increase the supply and availability of SAF.

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In a move which anticipates increasing desire from airlines to reduce emissions, Neste and Shell Aviation have entered into a sustainable aviation fuel (SAF) supply agreement that the companies say will increase the supply and availability of SAF.

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The European Union's countervailing duties against U.S. biodiesel were set to expire on Sept. 16. The European Commission decided on Sept. 14 to review the expiry of the measures, which means the existing duties will remain in place for now.

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Air bp, the international aviation fuel products and services supplier, has today delivered 210 metric tons of sustainable aviation fuel (SAF) to Swedish airport operator, Swedavia, at Stockholm Arlanda Airport (ARN/ESSA).

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Doug Tiffany and Doug Durante, the respective winners of the International Fuel Ethanol Workshop & Expo's Award of Excellence and High-Octane Award, will deliver acceptance speeches at the virtual FEW on Sept. 16.

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The U.S. exported 48,053.8 metric tons of biodiesel and biodiesel blends of greater than B30 in July, down from 69,666.8 metric tons in June and 55,221.7 metric tons in July 2019, according to data released by the USDA FAS on Sept. 3.

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U.S. biodiesel production reached 151 million gallons in June, down slightly from the previous month but up when compared to the same month of last year, according to data released by the U.S. Energy Information Administration on Aug. 31.

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A report recently filed with the USDA Foreign Agricultural Service's Global Agricultural Information Network provides insight into how the COVID-19 pandemic has impacted ethanol and biodiesel producers in Canada.

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Iowa Gov. Kim Reynolds announced on Aug. 25 that the state is allocating approximately $100 million of federal CARES Act relief funds to seven ag programs to offset the impact of COVID-19. Approximately $22.5 million of that will support biofuels.

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ExxonMobil has signed an agreement with Global Clean Energy Holdings to purchase 2.5 million barrels (105 million gallons) of renewable diesel per year for five years from a converted California refinery starting in 2022.

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Renewable Energy Group announced July 29 that the company has entered into an agreement with Hunt & Sons Inc. to supply REG Ultra Clean at 12 locations in Northern California. REG Ultra Clean is a proprietary blend of biodiesel and renewable diesel.

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Neste announced July 23 that its renewable products business set a new quarterly sales volume record during the second quarter of this year. Nameplate production capacity for renewable diesel also increased during the quarter.

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Neste opened four new fueling stations for 100 percent renewable diesel in northern and central California. The stations, located near major commercial freight routes, are open 24/7 and designed to accommodate commercial fleet vehicles of all sizes.

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Alan Mammoser, independent writer on renewable energy, interviews Karl Feilder, CEO of Dubai-based Neutral Fuels, on the role his biodiesel company and local business model play in the global transition to climate-friendly transportation fuels.

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Amazon Air, the cargo airline of e-commerce giant Amazon, has secured up to 6 million gallons of sustainable aviation fuel (SAF) supplied by Shell Aviation and produced by World Energy out of its Paramount, California, biorefinery.

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Neste delivered its first batch of sustainable aviation fuel to San Francisco International Airport via pipeline. Biodiesel Magazine speaks with Jeremy Baines, president of Neste U.S., about the U.S. market and the company's plans for growth.

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Colonial Terminals Operating Company has entered into an agreement to purchase three refined product terminals from Lincoln Terminal Company Inc. The acquisition provides an opportunity for Colonial to move into the terminal business.

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A commitment from the Missouri Soybean Merchandising Council and Missouri Soybean Association provides up to $200,000 for entities to build or retrofit existing biodiesel infrastructure, from blending and distribution to fleet and retail locations.

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Iowa Gov. Kim Reynolds signed legislation June 30 that extends the tax differential for higher blends of biodiesel and ethanol. She also announced an additional $7 million in federal funding for the Iowa Renewable Fuels Infrastructure Program.

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