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Tidewater: Renewable diesel complex operating at near capacity, work continues on proposed SAF project

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By Erin Voegele

March 14, 2024

Advanced Biofuels Business Operations 

Tidewater Renewables Ltd. on March 14 announced that its 3,000-barrel-per-day renewable diesel facility in Prince George, British Columbia, is currently operating at near nameplate capacity. Work is also progressing on proposed plans to produce SAF.

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REEEAC to hold meeting March 21

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By Erin Voegele

March 14, 2024

The U.S. Department of Commerce’s International Trade Administration has announced the Renewable Energy and Energy Efficiency Advisory Committee will hold a virtual meeting on March 21.

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Neste has merge its three renewable business units into one Renewable Products business unit as well as restructure its functions to better support business-driven ways of working. Plans for the restructuring were announced last year.

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SAF Magazine attended Clean Fuels Alliance America’s annual conference in Fort Worth, Texas, in early February.

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Natural Resources Canada on March 8 awarded $15 million to six clean fuel projects, including those focused on renewable natural gas (RNG), sustainable aviation fuel (SAF), and the use of wood biomass to produce renewable energy.

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Avfuel Corp. and Neste finalized a partnership extension that keeps the companies at the forefront of sustainable aviation fuel (SAF) supply for business aviation, cementing their leadership positions in the sustainable space.

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President Joe Biden on March 11 released his $7.3 trillion budget request for fiscal year (FY) 2025. The proposed budgets for the U.S. Department of Energy, USDA and U.S. Department of Transportation all include provisions in support of sustainable aviation fuel (SAF).

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Aemetis Inc. released fourth quarter financial results on March 7, reporting the company achieved important milestones in its biodiesel, RNG, ethanol, SAF and carbon capture business segments last year.

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Gevo Inc. has reported that efforts are continuing to secure a U.S. DOE loan guarantee to support the construction of its proposed SAF facility. Gevo also reported that its RNG project in Iowa operated at 91% capacity during Q4.

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Following Ryanair’s purchase of 500 metric tons of sustainable aviation fuel (SAF) from OMV in October 2023, the airline on March 8 announced that it will take an additional 500 metric tons of SAF from OMV in 2024.

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The USDA maintained its forecast for 2023-’24 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released March 8. The forecasted soybean oil price was reduced.

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KWE, Volvo Group Enter an agreement for the use of SAF

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By Kintetsu World Express Inc.

March 07, 2024

Kintetsu World Express Inc. and Volvo Group have embarked on a partnership for the use of SAF. Under the agreement, Volvo Group will purchase the environmental attributes of SAF used by Kintetsu World Express.

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Bunge Chevron Ag Renewables LLC, a joint venture of Bunge and Chevron, on March 4 celebrated the groundbreaking of a new oilseed processing facility in Louisiana. The plant is expected to be operational in 2026.

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SAF One, a platform focused on the development of global SAF solutions, announces the appointment of engineering firm Kent to carry out a technology licensing review for its first synthetic paraffinic kerosene (SPK) production plant.

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The U.K. government has opened a public comment period as part of its effort to avoid market manipulation caused by overlapping domestic and international incentives for sustainable aviation fuel (SAF) and other low carbon fuels.

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Willis Sustainable Fuels (UK) Limited, the wholly owned subsidiary of Willis Lease Finance Corp., announced that Redcar and Cleveland Borough Council has approved the plans for its Carbonshift PtL SAF refinery project in England.

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Aemetis Inc. on March 5 announced receipt of the Authority to Construct air permits for its planned sustainable aviation fuel (SAF) and renewable diesel (RD) production plant in Riverbank, California.

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Montana Renewables was recognized as the Groundbreaker of the Year and Jason Kessler, president at KESCO Inc., was presented with the Excellence in Bioenergy Award at the 17th Annual International Biomass Conference & Expo.

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Neste has launched its new emission reduction solution, Neste Impact, for businesses looking to reduce the carbon footprint of their air travel and transport activities. The solution is based on purchasing Neste MY Sustainable Aviation Fuel.

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FS has received the ISCC international certification attesting that its production process meets international requirements for the production and supply of ethanol and corn oil for the production of SAF.

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A recent life cycle assessment highlights a notable 22% decrease in the carbon footprint associated with U.S. production of crude soy oil, which is a key feedstock for U.S. biodiesel, renewable diesel and SAF producers.

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Agriculture Secretary Tom Vilsack on March 1 announced a short-term delay in the release of the GREET model for sustainable aviation fuel (SAF), citing the need to get calculations for climate-smart agriculture right.

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Ag Secretary Tom Vilsack expressed confidence that the U.S. EPA will issue an emergency waiver to allow E15 to remain available this summer and discussed the USDA’s ongoing efforts with regard to SAF during a Feb. 28 congressional hearing.

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Total U.S. operable biofuels production capacity fell slightly in December, according to data released by the U.S. Energy Information Administration. Total feedstock consumption was up when compared to both the previous month and December 2022.

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Sugar Valley Energy, a new 160-acre bioenergy campus planned in California’s Imperial Valley has added New York-based TerraNova Capital Equities, Inc. to its finance team to lead marketing and placement of equity capital for the $1 billion project.

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Growth Energy CEO Emily Skor encourages the Biden administration to follow the science, and maintain the Argonne GREET model’s integrity in calculating the 40B sustainable aviation fuel (SAF) tax credit.

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Southwest Airlines Co. has launched Southwest Airlines Renewable Ventures, a wholly-owned subsidiary dedicated to creating more opportunities to obtain scalable SAF. The carrier also announced a $30 million investment in LanzaJet Inc.

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American Coalition for Ethanol CEO Brian Jennings on Feb. 27 sent a letter to members of the Sustainable Aviation Fuels Interagency Working Group regarding the GREET Model for SAF Lifecycle GHG Emissions under Section 40B of the IRA.

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EIA: D4, D6 RIN prices decline 45% from start of year

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By U.S. Energy Information Administration

February 29, 2024

The price of compliance credits for biomass-based diesel and ethanol has decreased about 45% since the start of the year, when prices were already the lowest in about three years, according to the U.S. Energy Information Administration.

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Yield10 Bioscience Inc. on Feb. 14 announced it has granted VISION Bioenergy Oilseeds LLC a global license to certain proprietary varieties of camelina sativa for the production of feedstock oil for biofuels.

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