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Japanese investment consortium invests in Strategic Biofuels

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By Sumitomo Corporation of Americas

April 10, 2024

BusinessSustainable Aviation FuelsCarbon Capture

Strategic Biofuels has received a strategic investment commitment from Magnolia Sustainable Energy Partners, a newly formed Japanese-based investment consortium created by Sumitomo Corporation of Americas and JX Nippon Oil & Gas Exploration Corp.

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ABB has signed an agreement with Cap Clean Energy to collaborate on SAF production sites in Canada. As part of the MOU, ABB will explore how its automation, electrification and digital technology can optimize the biofuel facilities.

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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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Carbon Capture Magazine has announced the dates for the third annual National Carbon Capture Conference & Expo. The event will be held November 19-20, 2024, in Saint Paul, Minnesota, at the Saint Paul RiverCentre. The National Hydrogen Conference & Expo has been added to the conference as a co-located event. A call for abstracts is now open for both events through July 21st.

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Ethanol Producer Magazine and BBI International announced that they are now accepting speaker presentation proposals for the 2024 International Fuel Ethanol Workshop & Expo. The event will be held June 10-12, 2024, in Minneapolis, Minnesota.

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Carbon Capture Magazine has announced that Tom Buis, CEO at American Carbon Alliance, will keynote the general session panel of the National Carbon Capture Conference & Expo. The event takes place Nov. 7-8 in Des Moines, Iowa.

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We all know corn ethanol can someday attain carbon neutrality, but not without credit for low-carbon farming, and certainly not without sequestering our fermentation CO2.

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On Sept. 11, the pipeline permit application for Summit Carbon Solutions was denied by the South Dakota PUC. SCS respects the decision, plans to refile, and is reinforcing its commitment to South Dakotans and the state’s ethanol and SAF industries.

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The Minnesota Public Utilities Commission on Aug. 31 approved the scope of the Environmental Impact Statement for a portion of Summit Carbon Solutions’ proposed CO2 pipeline project that spans approximately 28 miles in two of the state’s counties.

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Rex American Resources Inc. on Aug. 30 announced sales were down during its fiscal second quarter, the three months ending July 31. During an earnings call, company officials discussed planned capacity expansion and CCS projects.

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Summit Carbon Solutions has secured 80 percent of voluntary easements for its pipeline route in North Dakota and continues to negotiate with additional landowners every day. At the same time, the company is responding to the decision of the North Dakota PUC.

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The North Dakota Public Service Commission on Aug. 4 denied a siting permit for Summit Carbon Solutions’ Midwest Carbon Express CO2 Pipeline Project. Summit plans to revisit its proposal and reapply for the permit.

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The American Coalition for Ethanol, Growth Energy, and the Renewable Fuels Association have joined the newly formed American Carbon Alliance. Their participation brings attention to the benefits that carbon capture technology will have on rural communities, the nation’s economy, and the ethanol industry.

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HYCO1 Inc. has entered into a carbon dioxide supply agreement with Kansas Ethanol for the planned construction of a biogenic carbon dioxide utilization facility that will initially proudce synthetic bas lubricating oils and low-carbon jet fuel.

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Aemetis Inc.'s carbon capture subsidiary has been awarded the first CO2 sequestration characterization well permit issued by the State of California. The well supports a project that aims to sequester CO2 produced at the proposed Riverbank facilitiy.

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Summit Carbon Solutions has reached a major milestone in voluntary easements, signing 70 percent of the route in South Dakota and project wide, while continuing to partner with more landowners every day.

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Primetals Technologies Ltd. and LanzaTech Global Inc. on June 27 announced the signing of a renewed ten-year cooperation agreement to accelerate the deployment of integrated environmental solutions for the steel industry worldwide.

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LanzaJet and Airbus on June 22 announced they have entered into a memorandum of understanding (MOU) to address the needs of aviation through the production of sustainable aviation fuel (SAF). The agreement was announced during the Paris Air Show.

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The White House Office of Management and Budget on June 13 published its Spring 2023 Unified Agenda and Regulatory Plan, which shows several rulemakings related to carbon capture and storage (CCS) are underway by federal agencies.

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ArcelorMittal and LanzaTech Global Inc. on June 14 announced that ArcelorMittal’s commercial flagship CCU facility in Ghent, Belgium, has produced initial samples of ethanol. The "Steelanol" facility is expected to be fully operational this year.

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Adkins Energy and CapCO2 Solutions are building the first facility to convert ethanol plant waste CO2 to Green Methanol. This will add a significant new revenue source and a significant step forward in decarbonizing the ethanol industry.

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The DOE has released its U.S. National Clean Hydrogen Strategy and Roadmap, which addresses both the potential to produce hydrogen from biomass and biogas and the growing need for hydrogen feedstock in advanced biofuels production, particularly SAF.

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Summit Carbon Solutions has announced a new partnership with Absolute Energy, a 130 MMgy ethanol plant located in Saint Ansgar, Iowa. Absolute Energy joins an expanding network of facilities that are joining Summit's CCS project.

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