November 15, 2024
BY U.S. Department of Energy
Advertisement
Advertisement
Desmet has been awarded a new contract by LG-ENI Biorefining, a joint venture between LG Chem and ENI Italy, to will deliver a HVO pretreatment plant in Daesan, South Korea. The biorefinery will produce SAF, renewable diesel and naphtha.
CoBank latest quarterly research report highlights current challenges facing the biobased diesel industry. The report cites policy uncertainty and trade disruptions due to tariff disputes as factors impacting biofuel producers.
The USDA on April 14 announced the cancellation of its Partnerships for Climate-Smart Commodities program. Select projects that meet certain requirements may continue under a new Advancing Markets for Producers initiative.
The USDA reduced its outlook for 2024-’25 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released April 10. The outlook for soybean oil pricing was revised up.
The U.S. Energy Information Administration reduced its 2025 forecasts for renewable diesel and biodiesel in its latest Short-Term Energy Outlook, released April 10. The outlook for “other biofuel” production, which includes SAF, was raised.