SOURCE: Phillips 66
July 30, 2024
BY Erin Voegele
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The ABFA is urging the Biden administration to immediately issue the guidance necessary for the industry to claim the 45Z Clean Fuels Production Credit. The group is also calling on Congress to extend the existing blender credits.
U.S. ethanol and biodiesel capacity held steady in September, while renewable diesel capacity fell slightly, according to data released by the U.S. EIA on Nov. 29. Feedstock consumption was down when compared to the previous month.
Clean Fuels Alliance America members have elected new governing board members. The new leadership reflects the interests of both large and small companies, biodiesel and renewable diesel producers, as well as soybean growers and renderers.
Aemetis Inc. on Nov. 12 released Q3 financial results, reporting increased revenue for its California ethanol, India biodiesel and dairy RNG business segments. Development also continues on the company’s SAF and CCS projects.
The U.S. Department of Energy on Nov. 14 announced $20.2 million in funding for 10 university and industry projects spanning seven states to advance mixed algae development for low-carbon biofuels and bioproducts.