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Aemetis reports increased revenues for Q1

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By Erin Voegele

May 13, 2024

BusinessOperations

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.

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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.

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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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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.

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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.

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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.

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Calumet Specialty Products Partners L.P. on April 16 released a Q1 operational update, reporting that its Montana Renewables biorefinery operated well throughout the three-month period, with production volumes sequentially improved each month.

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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.

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New Rise Renewables on April 9 announced work is underway to convert its existing renewable diesel plant located near Reno, Nevada, to sustainable aviation fuel (SAF). SAF production is currently expected to commence this summer.

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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.

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The U.S. EPA on March 21 released updated RIN data, reporting that nearly 2.02 billion RINs were generated under the RFS in February, up from 1.91 billion generated the previous month and 1.76 billion generated in February of last year.

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Ethanol Producer Magazine announced this week the preliminary agenda for the 2024 International Fuel Ethanol Workshop & Expo (FEW) taking place June 10-12, 2024 at the Minneapolis Convention Center in Minneapolis, Minnesota.

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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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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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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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Calumet released Q4 financial results on Feb. 23, announcing that Montana Renewables returned to normal operations in December following the replacement of a cracked steam drum and providing an update of the company’s proposed MaxSAF initiative.

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CVR Energy Inc. released Q4 results on Feb. 20, reporting that the feedstock pretreatment unit at its Wynnewood refinery in Oklahoma is mechanically complete. The company is also continuing to evaluate projects to add SAF capacity at two refineries.

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More than 1.89 billion renewable identification numbers (RINs) were generated under the Renewable Fuel Standard in January, up from 1.76 billion generated during the same month of 2023, according to a data released by the U.S. EPA on Feb. 15.

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Total U.S. biofuel operatable production capacity was up slightly in November, with gains for ethanol, according to data released by the U.S. Energy Information Administration on Jan. 31. Total feedstock consumption was down slightly from October.

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Phillips 66 on Jan. 31 confirmed that the renewables conversion of its Rodeo, California, refinery is nearing completion. The facility will shut down crude oil operations in February and is expected to begin producing renewable fuels during Q1 2024.

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Praj on Jan. 20 inaugurated its sustainable aviation fuel (SAF) demonstration plant at its research and development center in Pune, India. The plant utilizes a propriety SAF production technology developed by the company.

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LanzaJet on Jan. 24 celebrated the grand opening of its ethanol-to-SAF biorefinery. The LanzaJet Freedom Pines Fuels facility, located in Soperton, Georgia, has the capacity to produce 10 MMgy of advanced biofuels,

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The U.S. EPA’s 2023 RFS data shows that U.S. production of biomass-based diesel – including biodiesel, renewable diesel, SAF, and heating oil – reached 4 billion gallons in 2023, according to Clean Fuels Alliance America.

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U.S. operable biofuels production capacity expanded in October, with gains for both renewable diesel and biodiesel, according to data released by the U.S. Energy Information Administration on Dec. 29. Feedstock consumption was also up.

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More than 1.99 billion RINs were generated under the RFS in November, up from 1.95 billion generated during the same period of last year. Total RIN generation for the first 11 months of 2023 reached 21.55 billion.

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Neste has completed the strategic study launched in September 2022, and begins a gradual transformation of its crude oil refinery in Porvoo, Finland into a leading renewable and circular solutions refining hub.

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SAF Magazine in collaboration with CAAFI, has announced the 2024 North American SAF Conference & Expo will take place Sept. 11-13, 2024, in St. Paul, Minnesota. The event is accepting abstract submissions through May 10.

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Swedish fuel company Preem on Nov. 27 announced it will invest SEK 5.5 billion ($532.82 million) to convert its refinery in Lysekil, Sweden, to produce renewable diesel and sustainable aviation fuel (SAF).

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The U.S. EPA on Nov. 16 released updated RIN data, reporting that nearly 2.11 billion RINs were generated under the RFS in October, up from 1.81 billion generated during the same month of last year.

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