Sen. Sherrod Brown, D-Ohio
August 2, 2024
BY Erin Voegele
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Gevo Inc. on Sept. 12 announced it has entered into a definitive agreement to acquire the ethanol production plant and CCS assets of Red Trail Energy LLC for $210 million. Gevo plans to add net-zero SAF production capacity to the site.
On Sept. 11, SK Energy, the largest refiner in South Korea and a subsidiary of SK Innovation, announced the completion of the nation’s first dedicated sustainable aviation fuel (SAF) production line.
Agricultural Secretary Tom Vilsack announced the release of a SAF Grand Challenge fact sheet on Sept. 11 at the North American SAF Conference & Expo. The DOE also opened a $12 million funding opportunity to support integrated biorefineries.
Neste has revised down its 2024 guidance for renewable products, citing substantially reduced diesel prices. The company said waste and residue feedstock prices have not decreased and renewable product market price premiums have remained weak.
Agriculture Secretary Tom Vilsack on Sept. 10 explained USDA’s work to support guidance for the 45Z Clean Fuel Production Credit and candidly discussed the possible repercussions of efforts to limit the credit to domestically produced feedstocks.