Neste Corp. released first quarter financial results on April 28, reporting the company's renewable products segment benefitted from robust demand for renewable diesel and favorable feedstock pricing during the three-month period.
Fluor Corp. announced April 20 that it has signed a license agreement with Federated Co-Operatives Limited for the application of Fluor's Econamine FG Plus carbon capture technology at FCL's Co-op Renewable Diesel Complex in Saskatchewan.
Novozymes released first quarter financial results on April 26, reporting that bioenergy sales were up 28 percent during the three-month period. Overall company sales were up 5 percent for the quarter.
The U.S. House of Representatives on April 26 narrowly approved a debt ceiling package that significantly reduces the application of the IRA's clean fuel and SAF tax credits, but leaves the existing biodiesel and renewable diesel BTC intact.
Valero Energy Corp.'s renewable diesel segment set a new sales volume record during Q1 while its ethanol segment reported a profitable three-month period with higher production volumes. The company is also progressing with plans to produce SAF.
Clean Fuels Alliance America has welcomed an amendment from Rep. Jodey Arrington, R-Texas, to the Limit, Save, Grow Act of 2023. The amendment would preserve the biodiesel and renewable diesel blenders credit as it is in current law.
Reps. Julia Brownley, D-Calif., and Brad Schneider, D-Ill., on April 20 introduced the Sustainable Aviation Fuel Act, which aims to support the use of SAF via tax credits and the establishment of an aviation-only LCFS.
Airbus Canada, Pratt & Whitney Canada, a business unit of Pratt & Whitney, and SAF+ Consortium on April 21 announced a new initiative to collaborate on next-generation sustainable aviation fuel (SAF), supported by the Government of Quebec.
Neste and Viva Aerobus have signed a new purchase agreement for one million liters (264,000 gallons) of Neste MY Sustainable Aviation Fuel. The SAF will be blended with conventional jet fuel and used to power flights from LAX.
Juan Luciano, chairman and CEO of Archer Daniels Midland Co., confirmed that the company's soybean crushing facility in Spiritwood, North Dakota, is scheduled to come online in time for the 2023 harvest during a Q1 earning call, held April 25.
Calumet Specialty Products Partners L.P. on April 18 announce that its Montana Renewables subsidiary has achieved design throughput capacity at its renewable diesel and sustainable aviation fuel (SAF) biorefinery in Great Falls, Montana.
The looming battle over the U.S. debt ceiling could result in the repeal of the sustainable aviation fuel (SAF), clean fuels, clean hydrogen and renewable diesel/biodiesel tax credits, along with the scaling back of the 45Q tax credit for CCS.
The U.S. EPA has released data showing nearly 1.91 billion RINs were generated under the RFS in March, up from 1.82 billion generated during the same period of last year. Total RIN generation for the first quarter of 2023 reached 3.63 billion.
Neste and Air Canada are expanding their collaboration with an additional supply of 2.5 million gallons of Neste MY Sustainable Aviation Fuel. The SAF will help fuel the airline's flights from the San Francisco International Airport.
Optimus Technologies announced on April 18 a $17.8 million Series A funding round led by Mitsui & Co. and joined by Chevron Renewable energy Group. The capital raise will fund the further development and deployment of Optimus' Vector System.
Delta will purchase up to 10 million gallons of neat SAF from Shell Aviation over a two-year period for use at its hub at Los Angeles International Airport. This will increase the global airline's SAF commitments to over 200 million gallons.
The U.S. EPA on April 20 released new data on small refinery exemptions (SREs) that indicates two additional SRE petitions have been filed under the RFS during the past month. A total of 27 SRE petitions are now pending.
The first shipment of renewable diesel has arrived at San Diego International Airport. The fuel is now being used in all diesel-powered airside (non-road) vehicles and equipment, such as baggage tugs, belt loaders, and firefighting vehicles.
Members of the House Ag Committee grilled EPA Administrator Michael Regan on the agency's low proposed RFS RVOs for biomass-based diesel, delays in implementing year-round E15 waivers, and GHG tailpipe emission standards during an April 19 hearing.
Lakeview RNG, a wholly owned subsidiary of Next Renewable Fuels, has acquired assets associated with the Red Rock Biofuels development in Lake County, Oregon, and announced plans to convert the project to RNG and clean hydorgen production.
The U.S. EPA on April 17 announced plans to comply with the consultation requirements of the Endangered Species Act as part of its upcoming RFS “set� rule under a proposed settlement agreement related to a legal challenge filed by CBD.
Tidewater Renewables Ltd. on April 13 announced its renewable diesel complex under development at its Prince George refinery in British Columbia is 93 percent complete, with startup expected to begin within two months.
A group of 37 representatives led by Reps. Ashley Hinson, R-Iowa, and Angie Craig, D-Minn., sent a letter to U.S. EPA Administrator Andrew Regan urging the agency to increase its proposed 2023, 2024 and 2025 RFS RVOs for biomass-based diesel.
A bipartisan group of 16 senators, led by Sens. Amy Klobuchar, D-Minn., and Chuck Grassley, R-Iowa, on April 11 sent a letter to U.S. EPA Administrator Andrew Regan urging the agency to strengthen the Renewable Fuel Standard.
Michigan lawmakers on April 12 introduced the Clean Energy Future Plan, a bill package that aims to implement a wide range of clean energy provisions, including a clean fuel standard (CFS) and a clean energy standard.
Continental Refining Co. is now purchasing soybeans from farmers in Central Kentucky. CRC's soybean processing facility is operational and can process 330 tons of soybeans daily, while its biodiesel division can produce 5 MMgy.
The USDA is expanding its Margin Protection insurance plan, adding more than a thousand counties to the insurance option that provides coverage against an unexpected decrease in operating margin for corn and soybean producers.
Kinder Morgan Inc. on April 3 announced the full commercial in-service of its Southern and Northern California renewable diesel hub projects. The southern hub provides a throughput of up to 20,000 bpd, while the northern hub handles 21,000 bpd.
The U.S. exported 18,576.8 metric tons of biodiesel and biodiesel blends of B30 or greater in February, according to data released by the USDA Foreign Agricultural Service on April 5. Biodiesel imports were at 123,302.2 metric tons for the month.
Bank of America, Boom Supersonic, Boston Consulting Group, JPMorgan Chase & Co., Meta and clean energy nonprofit RMI are joining together through the Sustainable Aviation Buyers Alliance to purchase SAF certificates at scale.
Advertisement
@ Copyright 2024 - BBI International - All rights reserved.