From left to right: Karl Hauptmeier, CEO, Norsk e-Fuel; Maria Laine, President of Boeing in the United Kingdom, Ireland and Nordics; Lars Bjørn Larsen, CCO, Norsk e-Fuel. / SOURCE: Boeing
January 31, 2025
BY Boeing
Advertisement
Advertisement
Blue Biofuels has signed an agreement to acquire 35.5 acres of land in Frostproof, Florida. The company plans to develop a 3 MMgy facility on the site. Planned expansion projects would boost capacity to 100 MMgy of cellulosic ethanol and SAF.
Phillips 66 on Jan. 31 released fourth quarter financial results, reporting improved earnings for its renewable fuels segment on higher margins for its Rodeo complex in California and stronger international results.
U.S. operatable biofuel production capacity was unchanged in November 2024, according to data released by the U.S. EIA on Jan. 31. Feedstock consumption was up from both the previous month and November 2023.
Clean Fuels Alliance America hosted its annual Clean Fuels Conference in late January. During the event, experts shared the state of the biobased diesel industry today and the outlook for the near-and long-term.
Valero Energy Corp. on Jan. 30 released Q4 financial results, reporting that both its ethanol and renewable diesel segments were profitable during the period. The company also announced that its SAF project in Texas is fully operational.