BP on June 20 announced an agreement to acquire Bunge’s 50% interest in its BP Bunge Bioenergia S.A. JV. The company also said it is scaling back plans for the development of new SAF and renewable diesel projects at its existing sites.
The U.S. EPA released updated RIN data on June 20, reporting that nearly 2.01 billion RINs were generated under the RFS during May, down from 2.11 billion generated during the same period of last year.
Treasury and the IRS on June 18 released final rules implementing the wage and apprenticeship standard provisions of clean energy tax credits created by the IRA, including the 45Z clean fuels production tax credit.
Topsoe has announced Braya Renewable Fuels’ biorefinery in Newfoundland is now producing renewable diesel at design capacity. The facility, which utilizes Topose’s HydroFlex technology, is also expected to produce SAF in the future.
The U.S. Department of the Treasury and IRS have issued guidance on how to register for the Section 45Z Clean Fuel Production Tax Credit, encouraging fuel producers who may be eligible for the credit to apply for registration as soon as possible.
A bipartisan group of 18 senators on June 11 sent a letter to U.S. EPA Administrator Michael Regan urging the agency to boost RFS renewable volume requirements (RVOs) for biomass-based diesel and advanced biofuels in its upcoming 2026 rulemaking.
Romania-based oil company OMV Petrom on June 11 announced it will move forward with plans to convert its Petrobrazi refinery in Brazi, Romina, to produce renewable diesel and sustainable aviation fuel (SAF).
With the power to simultaneously fuel our airplanes, recycle carbon dioxide, provide nutrition for animals and humans, and create jobs for millions of Americans, algae matters to the U.S. clean energy economy.
Rep. Randy Feenstra, R-Iowa, and Sens. Chuck Grassley, R-Iowa, and Joni Ernst, R-Iowa, on May 22 sent a letter to President Joe Biden and U.S. EPA Administrator Michael Regan urging the EPA amend its Renewable Fuel Standard blending requirements.
The Chemical Catalysis for Bioenergy Consortium, a consortium of the U.S. DOE’s Bioenergy Technologies Office, has launched an effort that aims to gather community input on the development of new biomass processing facilities.
A group of 25 trade organizations on May 15 sent a letter to Treasury Secretary Janet Yellen urging the agency to release guidance for the 45Z clean fuels production tax credit along with any necessary updated GREET models.
The U.S. Department of Commerce’s International Trade Administration has announced its Renewable Energy and Energy Efficiency Advisory Committee will hold a meeting May 22 in Washington, D.C.
Calumet Specialty Products Partners L.P. on May 10 reported that operations at its Montana Renewables biorefinery improved sequentially through Q1 and was operating at planned production levels in April, producing both renewable diesel and SAF.
Tidewater Renewables Ltd. on May 9 reported that its renewable diesel facility in Prince George, British Columbia operated well during the first quarter. The company also made significant progress on FEED for its proposed SAF project.
On May 7, Cemvita, a biosolutions leader for the energy industry, announces a significant breakthrough enabling the company to produce substantial quantities of its sustainable oil from waste carbon sources.
Clean Fuels Alliance America announced an uptick in membership reflecting growing interest in low-carbon liquid fuels in addition to recent changes within its governing board.
Topsoe has signed an agreement with Cepsa to provide its HydroFlex technology for the production of sustainable aviation fuel (SAF) and renewable diesel at a new biorefinery under development by Cepsa in Spain.
CVR Energy Inc. on April 30 confirmed that the feedstock pretreatment unit at the Wynnewood biorefinery in Oklahoma has begun operations. The company also continues to evaluate the development of two proposed SAF projects.
U.S. Senate Agriculture, Nutrition and Forestry Committee Chairwoman Debbie Stabenow, D-Mich., and House Agriculture Chairman Glenn “GT” Thompson, R-Pa., on May 1 released outlines for competing versions of the 2024 Farm Bill.
Phillips 66 on April 26 announced its Rodeo biorefinery in San Francisco is expected to be producing 50,000 barrels per day of renewable fuels by the end of Q2. The facility is scheduled to have the capability to produce SAF components by Q3.
Neste Corp. released first quarter results on April 25, reporting that the company’s operations were negatively impacted by weaker renewable diesel margins during the three-month period. SAF sales volumes are expected to increase throughout 2024.
Valero Energy Corp. on April 25 announced that its SAF project in Texas is progressing ahead of schedule and expected to be operational this year. The company also reported its ethanol and renewable diesel operations were profitable during Q1.
A biorefinery in Sweden developed as a joint venture between Nordic energy group St1 and Swedish forest products company SCA on April 10 commenced commercial operations to produce SAF, renewable diesel, and biobased naphtha and LPG.
The U.S. Department of Energy will award up $18.8 million to address research and development (R&D) challenges in converting algae, such as seaweeds and other wet waste feedstocks, to biofuels and bioproducts.
The University of Missouri’s FAPRI in March released a report featuring 10-year baseline projections for U.S. agricultural markets that predicts renewable diesel and SAF production will grow over the next decade while biodiesel production declines.
California Ethanol + Power on April 3 announced that Booker Tate Ltd. will help guide sugarcane cultivation plans for Sugar Valley Energy, a proposed bioenergy project in California that is expected to produce ethanol, biogas, power and SAF.
Phillips 66 on April 1 announced that its Rodeo refinery in San Francisco has commenced commercial production of renewable diesel. The facility is expected to begin producing SAF components during the second quarter of this year.
U.S. biofuels operable production capacity was unchanged in January, according to data released by the U.S. Energy Information Administration on March 29. Total feedstock consumption was down when compared to the previous month.
CoBank is predicting U.S. soybean crush capacity will expand 23% over the next three years. In a report released March 21, the company discusses the risk that this rapidly expanding capacity could exceed renewable diesel growth.
Jet Zero Australia Pty Ltd and Trovio Operating Pty Ltd announced that they have entered a strategic partnership to design and develop the ‘Book and Claim’ Registry for Australian sustainable aviation fuel (SAF) and renewable diesel (RD).
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