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Biden, Vilsack and Regan honor US farmers on National Agriculture Day

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By Erin Voegele

March 19, 2024

PolicyBusiness

President Joe Biden, Agriculture Secretary Tom Vilsack and U.S. EPA Administrator Michael Regan on March 19 recognized National Agriculture Day by honoring the farmers and ranchers who produce our nation’s food, feed, fuel and fiber.

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The Michigan Senate Committee on Energy and Environment on March 14 held a hearing to consider legislation introduced last year that aims to create a tax credit to support the purchase of sustainable aviation fuel (SAF).

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On National Biodiesel Day, March 18, the clean fuels industry celebrates a milestone in renewable fuel history while honoring the legacy of Rudolf Diesel, the visionary behind the diesel engine.

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Ethanol Producer Magazine announced this week the preliminary agenda for the 2024 International Fuel Ethanol Workshop & Expo (FEW) taking place June 10-12, 2024 at the Minneapolis Convention Center in Minneapolis, Minnesota.

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A first of its kind breakfast at Heathrow, named The Fly Up, which is cooked with oil that is then cleaned and recycled into renewable biofuels, took off on March 12. The initiative aims to boost awareness of SAF.

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Tidewater Renewables Ltd. on March 14 announced that its 3,000-barrel-per-day renewable diesel facility in Prince George, British Columbia, is currently operating at near nameplate capacity. Work is also progressing on proposed plans to produce SAF.

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Neste has merge its three renewable business units into one Renewable Products business unit as well as restructure its functions to better support business-driven ways of working. Plans for the restructuring were announced last year.

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Avfuel Corp. and Neste finalized a partnership extension that keeps the companies at the forefront of sustainable aviation fuel (SAF) supply for business aviation, cementing their leadership positions in the sustainable space.

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Aemetis Inc. released fourth quarter financial results on March 7, reporting the company achieved important milestones in its biodiesel, RNG, ethanol, SAF and carbon capture business segments last year.

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Following Ryanair’s purchase of 500 metric tons of sustainable aviation fuel (SAF) from OMV in October 2023, the airline on March 8 announced that it will take an additional 500 metric tons of SAF from OMV in 2024.

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USDA on March 8 celebrated the second annual National Biobased Products Day, a celebration to raise public awareness of biobased products, their benefits and their contributions to the U.S. economy and rural communities.

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The U.S. exported 17,217.2 metric tons of biodiesel and biodiesel blends of B30 or greater in January, according to data released by the USDA FAS on March 7. Imports of biodiesel blends of B30 and greater reached 167,713.7 metric tons for the month.

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Marathon Petroleum's Vinvale and East Hynes fleets in California's Los Angeles Basin have made a significant step toward reducing their carbon footprint and contributing to a cleaner future by transitioning both fleets entirely to renewable diesel.

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Bunge Chevron Ag Renewables LLC, a joint venture of Bunge and Chevron, on March 4 celebrated the groundbreaking of a new oilseed processing facility in Louisiana. The plant is expected to be operational in 2026.

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SAF One, a platform focused on the development of global SAF solutions, announces the appointment of engineering firm Kent to carry out a technology licensing review for its first synthetic paraffinic kerosene (SPK) production plant.

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Montana Renewables was recognized as the Groundbreaker of the Year and Jason Kessler, president at KESCO Inc., was presented with the Excellence in Bioenergy Award at the 17th Annual International Biomass Conference & Expo.

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Chevron Renewable Energy Group has idled its biodiesel plants located in Ralston, Iowa, and Madison, Wisconsin. A company spokesperson confirmed that the two facilities will be closed indefinitely, citing poor market conditions.

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U.S. EPA Administrator Michael Regan on March 1 announced the launch of the agency’s Office of Agriculture and Rural Affairs during an appearance at the 2024 Commodity Classic in Houston, Texas.

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Neste has launched its new emission reduction solution, Neste Impact, for businesses looking to reduce the carbon footprint of their air travel and transport activities. The solution is based on purchasing Neste MY Sustainable Aviation Fuel.

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Total U.S. operable biofuels production capacity fell slightly in December, according to data released by the U.S. Energy Information Administration. Total feedstock consumption was up when compared to both the previous month and December 2022.

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Vertex Energy Inc. released fourth quarter financial results on Feb. 28, reporting that the company’s renewable diesel production unit at its refinery in Mobile, Alabama, produced 3,786 barrels per day during the three-month period.

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Southwest Airlines Co. has launched Southwest Airlines Renewable Ventures, a wholly-owned subsidiary dedicated to creating more opportunities to obtain scalable SAF. The carrier also announced a $30 million investment in LanzaJet Inc.

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EIA: D4, D6 RIN prices decline 45% from start of year

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By U.S. Energy Information Administration

February 29, 2024

The price of compliance credits for biomass-based diesel and ethanol has decreased about 45% since the start of the year, when prices were already the lowest in about three years, according to the U.S. Energy Information Administration.

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Yield10 Bioscience Inc. on Feb. 14 announced it has granted VISION Bioenergy Oilseeds LLC a global license to certain proprietary varieties of camelina sativa for the production of feedstock oil for biofuels.

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The U.S. Department of Energy and the U.S. EPA on Feb. 22 released a funding opportunity announcement (FOA), entitled, “Inflation Reduction Act Funding for Advanced Biofuels,” for up to $9.4 million for the development of advanced biofuels.

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Calumet released Q4 financial results on Feb. 23, announcing that Montana Renewables returned to normal operations in December following the replacement of a cracked steam drum and providing an update of the company’s proposed MaxSAF initiative.

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CVR Energy Inc. released Q4 results on Feb. 20, reporting that the feedstock pretreatment unit at its Wynnewood refinery in Oklahoma is mechanically complete. The company is also continuing to evaluate projects to add SAF capacity at two refineries.

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Aemetis Inc., an RNG and renewable fuels company focused on negative carbon intensity products, has announced an updated five-year plan that projects the company will generate $1.95 billion in revenues and $645 million of adjusted EBITDA in 2028.

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Cepsa and Bio-Oils, a subsidiary of Apical, are beginning construction of the largest second-generation biofuels plant in southern Europe. The facility will have the flexibly produce 500,000 tons of SAF and renewable diesel.

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Clean Fuels Alliance Foundation awards scholarship

By Clean Fuels Alliance America

February 23, 2024

The Clean Fuels Alliance Foundation has awarded the Beth Calabotta Sustainable Education Grant to Pranab Adhikari. Adhikari is currently pursuing a computer science degree at the University of Wisconsin-Madison.

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