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.
Calumet Inc. on Nov. 8 released third quarter financial results and outlined plans for the development of Montana Renewables’ MaxSAF initiative, which will be supported by a U.S. Department of Energy loan guarantee.
Gevo Inc. released Q3 financial results on Nov. 7, discussing the impact of the conditional commitment for its DOE loan guarantee and confirming the company’s acquisition of Red Trail Energy remains on track to close in early 2025.
U.S. operable biofuels capacity was at 24.9 billion gallons per year in August, down slightly from the previous month, according to data released by the U.S EIA. Feedstock consumption was up when compared to the previous year.
CVR Energy Inc. on Oct. 29 announced that the renewable diesel unit at its Wynnewood refinery in Oklahoma processed 19.6 million gallons of vegetable oil feedstock during the third quarter, down from 23.8 million gallons during the same period of 2023.
Phillips 66 on Oct. 29 reported that its renewable fuels segment was impacted by lower margins during Q3, but company officials expect margins to improve moving forward. The company also reported it began producing SAF in September.
Neste Corp. on Oct. 24 released third quarter financial results, reporting that its renewables segment has been impacted by overcapacity and lower-than-expected voluntary demand for sustainable aviation fuel (SAF).
Valero Energy Corp. released Q3 financial results on Oct. 24, reporting increased production for both its ethanol and renewable diesel segments. Valero’s SAF project is expected to be fully operational before the end of the year.
Capacity to produce biofuels increased 7% in the United States during 2023, reaching 24 billion gallons per year (gal/y) at the start of 2024, led by a 44% increase in a category the EIA calls renewable diesel and other biofuels.
More than 1.99 billion RINs were generated under the RFS in September, up from 1.96 billion generated during the same month of last year. Total RIN generation for the first nine months of the year reached 18.58 billion
The government of Illinois on Sept. 30 announced Crysalis Biosciences Inc. will receive incentives under the state’s REV Illinois program to support its SAF project under development in Sauget, a suburb of St. Louis, Missouri.
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.
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.
Tidewater Renewables Ltd. on Aug. 15 reported that its biorefinery in Prince George, British Colombia, operated at near capacity during Q2. Work is progressing on a potential SAF project and the company is working to improve financial liquidity.
More than 2.24 billion RINs were generated under the RFS in July, up from 1.99 billion generated during the same period of last year. Total RIN generation for the first seven months of 2024 reached 14.42 billion.
Calumet Inc. on Aug. 9 released Q2 financial results for Calumet Specialty Products Partners L.P., reporting the company’s Montana Renewables business achieved record SAF production of approximately 7 million gallons.
Aemetis Inc., a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products that replace fossil fuels, on Aug. 1 announced Q2 2024 revenues were up 48% when compared to the same period of 2023.
PBF Energy Inc. on Aug. 1 announced that its St. Bernard Renewables facility produced approximately 16,500 barrels per day of renewable diesel during the Q2 2024. Like many renewable diesel producers, the company is also considering a pivot to SAF.
Phillips 66 on July 30 confirmed its Rodeo Renewable Energy Complex in California will begin producing sustainable aviation fuel (SAF) during the third quarter. The company also expects renewable diesel margins to improve later this year.
CVR Energy Inc. on July 29 reported that the renewable diesel unit at its Wynnewood refinery in Oklahoma processed nearly 12 million gallons of feedstock during Q2. The company continues to consider a pivot to SAF production.
Neste Corp. on July 25 released second quarter results, reporting that operational performance at the company’s facilities was solid during the three-month period despite a very challenging market environment for renewables.
Valero Energy Corp. released Q2 financial results on July 25, reporting strong performance for both its ethanol and renewable diesel segments. The company’s SAF project in Texas remains on track to begin operations later this year.
Phillips 66 on June 26 announced that its Rodeo Renewable Energy Complex in California is operating at full capacity, producing 50,000 barrels per day (800 MMgy) of renewable diesel and sustainable aviation fuel (SAF).
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.
U.S. biofuels operable production capacity expanded slightly in March, according to data released by the U.S. Energy Information Administration on May 31. Feedstock consumption was up when compared to both the previous month and March 2023.
More than 2.06 billion RINs were generated under the Renewable Fuel Standard in April, up from 1.84 billion generated during the same month of last year, according to data released by the U.S. EPA on May 16.
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.
Aemetis Inc. released Q1 results on May 9, reporting increased revenues. Company officials confirmed the company’s biodiesel, RNG and ethanol segments performed well during the quarter and provided an update of proposed SAF and CCS projects.
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.
LanzaTech Global Inc. on May 9 announced that that LanzaJet’s 10 MMgy ethanol-to-sustainable aviation fuel (SAF) plant in Soperton, Georgia, in on track to begin producing fuel during the second quarter.
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