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USDA predicts 3% decrease in soybean production for 2023

November 28, 2023

BY Erin Voegele

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Valero reports profitable Q4 for renewables, sells first volumes of SAF

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By Erin Voegele

4 hours ago

Business Operations 

Valero Energy Corp. on Jan. 30 released Q4 financial results, reporting that both its ethanol and renewable diesel segments were profitable during the period. The company also announced that its SAF project in Texas is fully operational.

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Texas Gov. Greg Abbot on Jan. 29 announced Summit Next Gen LLC’s proposed ethanol-to-SAF project under development near Houston qualifies under the state’s new Texas Jobs, Energy, Technology and Innovation (JETI) program.

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Calumet on Jan. 28 announced disbursement of the first tranche of its $1.44 billion U.S. DOEloan guarantee to support the expansion of SAF production at its Montana Renewables facility will be delayed to allow review by the Trump administration.

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DHL Express has signed a deal with Cosmo Oil Marketing Co. Ltd. for the purchase of sustainable aviation fuel (SAF) to drive emission-reduced air freight in Japan. The deal represents an annual purchase of 7.2 million liters of SAF.

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Haffner Energy, LanzaTech, and LanzaJet on Jan. 28 announced they are working together to explore joint biomass-to-sustainable aviation fuel (SAF) projects covering the entire production value chain.

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