February 28, 2024
BY U.S. Department of Energy
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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.
Texas Gov. Greg Abbot on Jan. 29 announced Summit Next Gen LLC’s proposed ethanol-to-SAF project under development near Houston qualifies under the state’s new Texas Jobs, Energy, Technology and Innovation (JETI) program.
A bill introduced in the North Dakota Senate aims to create a low-carbon fuels fund that would help the state’s ethanol producers lower the CI of the fuel they produce, increasing local demand for corn and helping producers access SAF markets.
Calumet on Jan. 28 announced disbursement of the first tranche of its $1.44 billion U.S. DOEloan guarantee to support the expansion of SAF production at its Montana Renewables facility will be delayed to allow review by the Trump administration.
The Trump administration has asked the U.S. Supreme Court to pause the small refinery exemption (SRE) lawsuit currently pending before the court while the agency “reassesses the basis for and the soundness of the denial actions.”