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DOE announces $25 million to advance the US aquaculture industry for biomass production in the deep ocean

SOURCE: U.S. Department of Energy

January 14, 2025

BY U.S. Department of Energy

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Montana Renewables closes $1.44 billion DOE loan guarantee

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By Erin Voegele

January 14, 2025

BusinessPolicy

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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USDA: 2024 soybean production up 5%

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By Erin Voegele

January 13, 2025

U.S. soybean production was up 5% last year, according to the 2024 Crop Production Annual Summary released Jan. 10 by the USDA's National Agricultural Statistics Service. Soybean yields were also up from 2023.

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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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The USDA reduced its forecast for 2024-’25 soybean use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Jan. 10. The forecast for soybean oil prices is unchanged.

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Bayer on Jan. 9 announced a deal with Canada-based Smart Earth Camelina Corp., whereby Bayer has acquired their camelina germplasm, intellectual property, and materials to expand its global leadership position in biomass-based feedstock markets.

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