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House Ways and Means committee members seek stakeholder input on 45Z tax credit

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By Erin Voegele

November 19, 2024

PolicySustainable Aviation FuelsFeedstocks

Rep. Randy Feenstra, R-Iowa, and five of his colleagues on the U.S. House Ways and Means Committee on Nov. 18 announced they are seeking additional information from relevant stakeholders on biofuel tax policy. Reponses must be submitted by Dec. 13.

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Corteva Inc. has announced plans to form a joint venture with bp focused on feedstock production for SAF. The company plans to grow proprietary Corteva mustard seed, sunflower and canola feedstocks well-suited for SAF production.

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The U.S. Department of Energy on Nov. 14 announced $20.2 million in funding for 10 university and industry projects spanning seven states to advance mixed algae development for low-carbon biofuels and bioproducts.

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The USDA released its latest Crop Production report on Nov. 8, reporting reduced forecasts for 2024 soybean production and yields. Both production and yields, however, are up significantly when compared to last year.

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The USDA maintained its forecast for 2024-’25 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Nov. 8. The U.S. season-average price for soybean oil was revised up 1 cent per pound.

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U.S. operable biofuels capacity was at 24.9 billion gallons per year in August, down slightly from the previous month, according to data released by the U.S EIA. Feedstock consumption was up when compared to the previous year.

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Missouri Attorney General Andrew Bailey on Nov. 1 sent a letter to the California Air Resources Board demanding the agency rescind proposed changes to its LCFS. CARB is expected to vote to adopt proposed LCFS amendments on Nov. 8.

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ZeaKal on Oct. 30 announced that PhotoSeed has been validated as the first sustainability-embedded trait technology for agriculture. PhotoSeed enhances photosynthetic capacity, increasing soybean oil by 15%.

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SAF offers a significant opportunity for growth in the biofuel sector and a new revenue stream for farmers, but realizing that potential will depend on the establishment of favorable policies and adequate incentives, according to CoBank.

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New Energy Risk, a wholly owned division of Paragon Insurance Group, and Ecostrat on Oct. 22 announced a partnership to develop Feedstock Supply Insurance, an insurance offering that aims to mitigate risk in biomass feedstock supply chains.

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American Farm Bureau President Zippy Duvall on Oct. 15 urged the administration to prioritize American-grown crops in the production of sustainable fuels during a meeting at the White House organized by the AFBF.

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The USDA on Oct. 15 held a third virtual listening session as part of its public consultation on climate-smart ag for biofuel feedstocks. During the event, biofuel groups advocated for flexibility in CSA requirements for the 45Z credit.

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Terviva Inc. on Oct. 15 announced its investment from Chevron Renewable Energy Group. Together, the two companies expect to scale Terviva’s pongamia-growing operations and drive greater availability of pongamia as a biofuel feedstock.

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Soybean oil use for biobased diesel production reached a near-record high in June, but demand for soybean oil feedstock continues to face headwinds from rising imports of UCO and tallow, according to CoBank.

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The USDA maintained its forecast for 2024-’25 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Oct. 11. The outlook for soybean oil prices is also unchanged.

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U.S. soybean production is expected to reach a record high 4.58 billion bushels, up significantly from last year, according to the USDA National Agricultural Statistics Service’s latest Crop Production report, released Oct. 11.

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The Clean Energy Ministerial (CEM) Biofuture Platform Initiative has unveiled a new Global Biomass Resource Assessment, providing groundbreaking data on current and future sustainable biomass supplies around the world.

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CARB has published additional proposed changes to its pending LCFS modifications, including those that aims to use of sunflower oil feedstock for biomass-based diesel production, and update regulations related to corn stover and biomethane.

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Downey Ridge Environmental Co. (Greasezilla) and bp on Oct. 1 announced a groundbreaking agreement that will enable the capture and extraction of brown grease waste as a feedstock for biofuel production.

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U.S. ethanol capacity expanded in July, while renewable diesel capacity fell and biodiesel capacity held steady, according to data released by the EIA on Sept. 30. Feedstock consumption was up when compared to both the previous month and July 2023.

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The USDA National Agricultural Statistics Service released its latest Grain Stocks report on Sept. 30, reporting that old crop soybeans stored in all positions totaled 342 million bushels as of Sept 1, up 29% when compared to the same time last year.

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Filta converts over 1 billion pounds of cooking oil into biodiesel

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By Filta Environmental Kitchen Solutions

September 27, 2024

Filta Environmental Kitchen Solutions has recycled 1 billion pounds of used cooking oil into biodiesel. The company enhances commercial kitchens by micro-filtering cooking oil, deep cleaning fryers, and offering bin-free waste oil collection

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Brazilian biodiesel production is expected to increase 18% this year, according to a report filed with the USDA Foreign Agricultural Service’s Global Agricultural Information Network on Aug. 31. Consumption is also forecast to be up 18%.

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The RFA has asked the U.S. EPA for an update on the agency’s investigation of certain biofuel feedstock imports and is urging the adoption of more stringent feedstock verification requirements for imported used cooking oil and tallow.

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The USDA maintained its forecast for 2024-’25 soybean oil use in biofuel production in its latest WASDE report, released Sept. 12. The estimates for 2022-’23 and 2023-’24 soybean oil use in biofuel production were revised up.

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The USDA reduced its forecast for soybean production in its latest monthly Crop Production report, released Sept. 12. Record highs, however, are expected for both soybean yields and soybean production for beans.

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Agriculture Secretary Tom Vilsack on Sept. 10 explained USDA’s work to support guidance for the 45Z Clean Fuel Production Credit and candidly discussed the possible repercussions of efforts to limit the credit to domestically produced feedstocks.

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DOE offers data on biomass resources

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By U.S. Department of Energy

September 06, 2024

The Bioenergy Knowledge Discovery Framework is the nation’s premier source of information on biomass potential, providing high-quality data that can guide investments in support of a robust bioeconomy for sustainable, low-carbon energy sources.

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The U.S. Department of Energy Bioenergy Technologies Office (BETO) is overseeing a call for industry partnerships to connect industry stakeholders with the capabilities of the Feedstock-Conversion Interface Consortium.

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Operable U.S. biofuels production capacity increased in June, with gains for both ethanol and renewable diesel, according to data released by the U.S. Energy Information Administration on Aug. 30. Feedstock consumption was up for the month.

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