November 28, 2023
BY Erin Krueger
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The USDA maintained its 2024-’25 and 2025-’26 forecasts for soybean oil use in biofuel production in its latest WASDE report, released Sept. 12. The estimate for 2023-’24 soybean oil use in biofuel production was revised up.
The USDA increased its forecast for 2025 soybean production in its latest Crop Production report, released Sept. 12. Soybean production for beans is forecast at 4.3 billion bushels, up slightly from the August forecast, but down 2% from last year.
Sen. Chuck Grassley on Sept. 10 called the U.S. Treasury Department’s planned May 2026 release of proposed 45Z clean fuel production credit regulations “unacceptable” and stressed the importance of timely 45Z guidance to two Treasury nominees.
Worley has been awarded a contract by Preem for FEED verification for the planned conversion of the ICR plant at the Lysekil refinery in Sweden from conventional diesel production to the production of renewable diesel and SAF.
MAIRE announces that NEXTCHEM, through its subsidiary MyRechemical, has been awarded an engineering study contract by Altalto Ltd. based on its proprietary NX Circular gasification and NX CPO technologies for a SAF plant in the U.K.