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Montana Renewables receives first tranche of $1.44 billion DOE loan guarantee

February 19, 2025

BY Erin Voegele

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Nippon Paper Industries, Sumitomo and Green Earth Institute partner on SAF

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By Sumitomo Corp.

5 hours ago

Business 

Nippon Paper Industries Co. Ltd., Sumitomo Corp., and Green Earth Institute Co. Ltd. have announced plans to form a JV, Morisora Bio Refinery LLC, which will focus on the production and sale of ethanol and chemicals from woody biomass.

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More than 1.76 billion renewable identification numbers (RINs) were generated under the Renewable Fuel Standard in January, down from 1.91 billion generated during the same period of 2024, according to data released by the U.S. EPA on Feb. 20.

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OMV Petrom has announced the start of construction for a sustainable aviation fuel (SAF) and renewable diesel (HVO) production unit at the Petrobrazi refinery in Romania. The new facility will have an annual capacity of 250,000 tons.

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CVR Energy Inc. released fourth quarter financial results on Feb. 18, reporting reduced renewable diesel production. The company also said it is pausing development of SAF capacity pending clarity on government subsidies.

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Neste Corp. on Feb. 13 released fourth quarter financial results, reporting that its renewables segment was impacted by both market and operational challenges during the three-month period. Sustainable aviation fuel (SAF) sales, however, were up.

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