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DOE: 3 ways algae can impact the US clean energy economy

Algae, including macroalgae and microalgae, are versatile organisms that produce biomass that could help the nation meet its clean energy goals. Photos courtesy of Jordan Hollarsmith, NOAA; Dennis Schroeder, NREL; and MicroBio Engineering.

May 31, 2024

BY U.S. Department of Energy

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EIA maintains 2025 forecasts for renewable diesel, biodiesel and SAF production

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The U.S. EIA maintained its forecasts for 2025 renewable diesel and biodiesel production in its latest Short-Term Energy Outlook, released Jan. 14. The 2025 outlook for “other biofuel” production, including SAF, was also unchanged.

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The U.S. DOE Advanced Research Projects Agency-Energy (ARPA-E) has announced $25 million to develop a U.S.-led marine energy hydrocarbon and industrial commodity supply through the deep-water cultivation of seaweed biomass at million-ton scale.

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Calumet Inc. on Jan. 10 announced the closing of a $1.44 billion U.S. Department of Energy loan guarantee to fund construction of Montana Renewables’ MaxSAF initiative, which aims to boost SAF capacity at the biorefinery to 300 MMgy.

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Treasury and the IRS on Jan. 10 released guidance on the 45Z clean fuels production credit, including a notice of intent to propose regulations and a notice providing the annual emission rate table for the credit.

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