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Neste reports strong Q1 for renewable diesel, SAF

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By Erin Voegele

May 01, 2023

BusinessFeedstocksProductionNorth AmericaEuropeAsia/Pacific

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.

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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.

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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.

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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.

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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.

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The U.K.'s Jet Zero Council on April 17 released a two-year plan that describes how it will support the government's goal to reach Jet Zero by 2050, including how the council will help accelerate the production of sustainable aviation fuel (SAF).

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Aemetis Inc. announced April 17 that its Universal Biofuels subsidiary in India was selected by the three government-controlled OMCs to supply 8.5 million gallons of biodiesel over the next three months.

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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.

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Wizz Air has signed a memorandum of understanding (MOU) with Cepsa for the supply of sustainable aviation fuel (SAF) from 2025. The MoU gives Wizz Air the opportunity to purchase SAF from Cepsa to supply the airline's route network across Spain.

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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.

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Vertex Energy Inc. on April 4 announced the successful mechanical completion of its transformational renewable diesel unit at the company's Mobile, Alabama, refining facility. Initial biofuel production is expected to begin within weeks.

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Total U.S. operatable biofuels production capacity expanded to 22.209 billion gallons in January with gains for both renewable diesel and ethanol, according to data released by the U.S. EIA. Total feedstock consumption was down from January 2022.

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The U.S. Department of Energy in March opened a $300 million funding opportunity under the Energy Improvements in Rural or Remote Areas (ERA) Program. Bioenergy proejcts are among those eligible to apply for the funds.

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The USDA is making $1.055 billion in grants available under the Rural Energy for American Program to help agricultural producers and rural small businesses invest in renewable energy systems and make energy efficiency improvements.

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The U.S. Government Accountability Office on March 27 issued a report that includes recommendations on how three federal agencies can track progress related to the Biden administration's Sustainable Aviation Fuel Grand Challenge.

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Ethanol Producer Magazine announced this week the preliminary agenda for the 2023 International Fuel Ethanol Workshop & Expo (FEW) taking place June 12-14, 2023 at the CHI Health Center in Omaha, Nebraska.

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Alaska Airlines has announced an agreement with Shell Aviation to expand the SAF market beyond a standard fuel supply agreement. The agreement addresseses technology, infrastructure, carbon accounting and policy suport.

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The U.S. EPA in March approved a fuel pathway filed by Martinez Renewables LLC that will allow the California-based biorefinery to generate D5 RINs under the RFS for LPG made from biogenic waste FOG via a hydrotreating process.

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The U.S. Department of Energy on March 21 announced $14 million in funding to support and optimize the production of affordable biofuels and biochemicals while significantly reducing carbon emissions.

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Reserachers at the U.S. Department of Energy's National Renewable Energy Laboratory are evaluating the regional variables associated with deploying sustainable aviation fuel (SAF), including a case study of Chicago O'Hare International Airport.

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The U.S. DOE has announced $590 million to renew its four existing Bioenergy Research Centers. This funding will help support the DOE's research into the next generation of sustainable, cost-effective bioproducts and bioenergy.

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The U.S. EPA on March 16 released data showing that nearly 1.72 billion renewable identification number (RINs) were generated under the Renewable Fuel Standard in February, up from 1.54 billion generated during the same month of 2022.

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Rondo Energy and Calgren Renewable Fuels on March 6 announced the start of commercial operation of a 2 MWh Rondo Heat Battery (RHB) at Calgren's facility in Pixley, California. The system delivers continuous industrial heat on demand.

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Calumet has announced the renewable diesel unit at its Montana Renewables biorefinery operated well during Q4. Additional renewable hydrogen production capacity, a feedstock pretreatment unit and SAF capacity will be opertional soon.

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Tidewater Renewables Ltd. released Q4 results on March 9, reporting that its renewable diesel project collocated with its Prince George refinery in British Columbia is 90 complete and expected to begin commissioning late in the first quarter.

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Legislation currently pending in Minnesota aims to establish a clean transportation standard that would require the state's transportation fuels to achieve 100 percent reduction in carbon intensity (CI) by 2050.

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Air bp, the international aviation fuel products and service supplier, has announced the first sale of International Sustainability and Carbon Certification (ISCC) EU SAF from bp's Castellon refinery in Spain.

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Vertex Energy on Feb. 28 confirmed that the renewable diesel conversion project at its refinery in Mobile, Alabama, is on track to be mechanically complete in late March, with initial production volumes expected in April.

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The Washington State Senate on March 1 voted 46 to 2 in favor of a bill that aims to encourage the manufacture and purchase of SAF though tax incentives. The bill also directs WSU to convene a workgroup to further development of alternative jet fuel.

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Total U.S. operable biofuels production capacity expanded in December. Total biofuel feedstock consumption was down when compared to both the previous month and December 2021, according to data released by the U.S. EIA on Feb. 28.

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