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Valero reports record high ethanol production for Q3, significant decline in renewable diesel sales volumes

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By Erin Krueger

October 23, 2025

Operations Business Sustainable Aviation Fuels 

Valero Energy Corp. on Oct. 23 released Q3 results, reporting a profitable three-month period for its ethanol segment on record high production. Valero’s renewable diesel segment, which also includes SAF, reported a loss for the quarter.

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CoBank on Oct. 15 released its latest quarterly insights report, predicting the U.S. EPA will likely delay final action on its proposed Renewable Fuel Standard RVOs and small refinery exemption (SRE) reallocation proposals until early 2026.

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XCF Global Inc.’s biorefinery located near Reno, Nevada, could resume SAF production as early as the first quarter of 2026, according a second quarter financial report filed with the U.S. Securities and Exchange Commission on Oct. 16.

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The U.S. EPA on Oct. 16 released data showing more than 1.92 billion RINs were generated under the RFS in September, down approximately 9% when compared to last year. Total RIN generation for the first nine months of 2025 reached 17.13 billion.

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FutureFuel Corp. on Oct. 15 announced that the company is optimistic it will be able to restart its 59 MMgy biodiesel plant in Batesville, Arkansas, during the fourth quarter due to improving economics and regulatory clarity.

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The U.S. EIA maintained its forecasts for 2025 and 2026 renewable diesel and biodiesel production in its latest Short-Term Energy Outlook, released Oct. 7. The production outlook for “other” biofuels, which includes SAF, was also unchanged.

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Eni has confirmed plans to convert portions of its Sannazzaro de’ Burgondi refinery in Pavia, Italy, to produce renewable diesel and sustainable aviation fuel (SAF). The biorefinery is expected to be operational in 2028.

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Advanced Biofuels Canada on Sept. 22 released the 10th annual Navius Research Biofuels in Canada report, the national report on Canada’s renewable and low-carbon fuel markets that shows biofuels have reached record use in Canada.

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Germany-based Verbio SE on Sept. 25 announced the company produced a record 1.2 million metric tons of biodiesel and ethanol during its recently concluded 2024-’25 fiscal year. Biomethane production reached 1,190 gigawatt hours (GWh).

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The Hamilton Oshawa Port Authority (HOPA Ports) on Sept. 22 announced it has purchased an idle 67 MMly (17.7 MMgy) biodiesel plant located in Hamilton, Ontario, from Biox with the goal of resuming production at the facility.

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The U.S. EIA reduced its outlook for 2025 biodiesel and renewable diesel production in its latest Short-Term Energy Outlook, released Sept. 9. The 2026 production outlook for other biofuels, which includes SAF, was revised up.

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Axens has announced the startup of a 100% sustainable aviation fuel (SAF) unit in Asia. The facility features Axens’ Vegan technology and has the capacity to entirely convert renewable feedstock into high value SAF.

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The U.S. EIA on Aug. 29 released data showing total U.S. operable biofuels capacity expanded slightly in June, with small gains for both ethanol and renewable diesel. Feedstock consumption was up when compared to the previous month.

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FutureFuel Corp. on Aug. 11 releases second quarter results, confirming that its 59 MMgy biodiesel plant in Batesville, Arkansas, remains idle due to market conditions. The company expressed hope the facility will restart in late 2025 or early 2026.

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Tidewater Renewables on Aug. 14 announced its renewable diesel facility British Columbia operated at 72% capacity during Q2. The company continues to advance plans to add SAF capacity to facility, with a final investment decision targeted for 2026.

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Calumet Inc. on Aug. 8 confirmed its Montana Renewables biorefinery is currently running at full capacity. An initial phase of the company’s MaxSAF initiative remains on track to boost SAF capacity to up to 150 MMgy by mid-2026.

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Marathon Petroleum Corp. on Aug. 5 released second quarter financial results, reporting improved EBITDA for its renewable diesel segment. The company primarily attributed the improvement to increased utilization and higher margins.

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Chevron Corp. on Aug. 1 confirmed the company started production at the Geismar renewable diesel plant in Louisiana during the second quarter after completing work to expand plant capacity from 7,000 to 22,000 barrels per day.

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In celebration of World Biodiesel Day, MOL Group on Aug. 8 announced SAF was successfully produced for the first time at INA’s Rijeka Refinery during a pilot project to process biocomponent. Renewable diesel was also produced.

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Imperial Oil Ltd. on Aug. 1 confirmed it has completed construction and commissioning of its renewable diesel project at the Strathcona refinery near Edmonton, Alberta. The facility began producing renewable diesel in July.

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PBF Energy Inc. on July 31 announced the St. Bernard Renewables facility averaged approximately 14,200 barrels per day of renewable diesel production during the second quarter of 2025. Production is expected to expand in Q3.

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CVR Energy Inc. on July 30 reported its renewables segment achieved increased throughput during Q2 despite unplanned downtime but reported a net loss of $11 million. The company expects to retroactively claim the 45Z credit for volumes produced.

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Total U.S. operable biofuels production capacity expanded in May, with gains for renewable diesel and a small decrease for ethanol, according to data released by the U.S. Energy Information Administration. Feedstock consumption was up.

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Chevron Lummus Global announced a successful commercial test for coprocessing biogenic feedstocks and fossil feedstocks at INA Group's Rijeka Refinery in Croatia. SAF and renewable diesel were produced during the test.

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Phillips 66 on July 25 released Q2 financial results, reporting the company’s Rodeo Renewable Energy Complex in California continues to run at reduced rates due to market conditions. Pre-tax income for the renewables segment was up when compared to Q1.

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CountryMark on July 22 celebrated the completion of more than $100 million in upgrades at its refinery in Indiana, including those related to soybean oil storage. The facility produces renewable diesel via coprocessing technology.

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Neste Corp. on July 24 released second quarter results, reporting record quarterly renewable product sales volumes despite weaker margins. SAF sales were up nearly 80% when compared to the first quarter of 2025.

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Valero Energy Corp. on July 24 released second quarter results, reporting a profitable three-month period for its ethanol segment. The renewable diesel segment posted a loss, but the company’s new sustainable aviation fuel (SAF) unit operated well.

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European biodiesel producer Greenergy on July 10 confirmed plans to shut down its biodiesel plant in Immingham, Lincolnshire, U.K. The company temporarily suspended operations at the facility earlier this year.

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U.S. fuel ethanol capacity fell slightly in April, while biodiesel and renewable diesel capacity held steady, according to data released by the U.S. EIA on June 30. Feedstock consumption was down when compared to the previous month.

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