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Phillips 66 ramps up production at Rodeo biorefinery, targets Q3 for SAF production

SOURCE: Phillips 66

April 30, 2024

BY Erin Voegele

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Neste: Renewables margins down in Q2, but SAF production increases

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By Erin Voegele

July 25, 2024

BusinessOperations

Neste Corp. on July 25 released second quarter results, reporting that operational performance at the company’s facilities was solid during the three-month period despite a very challenging market environment for renewables.

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Valero Energy Corp. released Q2 financial results on July 25, reporting strong performance for both its ethanol and renewable diesel segments. The company’s SAF project in Texas remains on track to begin operations later this year.

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A bipartisan group of 16 senators and 36 representatives on July 23 sent a letter to U.S. Treasury Secretary Janet Yellen urging her agency to take immediate action to finalize the rules to implement the 45Z clean fuel production credit.

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American Farm Bureau Federation, National Corn Growers Association, Biotechnology Innovation Organization, American Soybean Association, and American Biogas Council are among more than 500 organizations calling for the passage of a new Farm Bill.

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The U.S. DOE has announced awards for the FY24 Phase I Release 2 of the Small Business Innovative Research and Small Business Technology Transfer program. Thirteen of 229 selected projects focus on bioenergy research and development.

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