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Valero reports reduced earnings for ethanol, renewable diesel segments

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By Erin Krueger

July 24, 2025

Advanced Biofuels Operations Business Sustainable Aviation Fuels 

Valero Energy Corp. on July 24 released second quarter results, reporting a profitable three-month period for its ethanol segment. The renewable diesel segment posted a loss, but the company’s new sustainable aviation fuel (SAF) unit operated well.

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The IRS on July 21 published a notice announcing the 2025 calendar-year inflation adjustment factor for the Section 45Z clen fuel production credit. The resulting adjustment boosts maximum the value of the credit by approximately 6%.

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The U.S. Senate on July 23 voted 48 to 47 to confirm the appointment of Aaron Szabo to serve as assistant administrator of the U.S. EPA’s Office of Air and Radiation. Biofuel groups are congratulating him on his appointment.

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Divert Inc. is partnering with United States Cold Storage on an innovative recycling program that processes food and beverage products that can’t be sold or donated into renewable energy and soil amendment.

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Valmet has received an order from Saica Group (Sociedad Anonima Industrias Celulosa Aragonsesa) to supply a biomass boiler and flue gas cleaning system for Saica Group’s plant in El Burgo de Ebro, Zaragoza, Spain.

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U.S. Secretary of Agriculture Brooke L. Rollins on July 24 announced the reorganization of the USDA, refocusing its core operations to better align with its founding mission of supporting American farming, ranching, and forestry.

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The U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy is soliciting public comments on a preliminary plan for determining provisional emissions rates (PER) for the purposes of the 45Z clean fuel production credit.

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Clean Energy completes $29.5 million ITC sale

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By Clean Energy Fuels Corp.

July 24, 2025

Clean Energy Fuels Corp. has announced that CE bp Renew Co LLC, its joint venture with BP Products North America Inc., has finalized the sale of $29.5 million in investment tax credits (ITC).

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Par Pacific Holdings Inc., Mitsubishi Corp. and ENEOS Corp. on July 21 announced the signing of definitive agreements to establish Hawaii Renewables LLC, a joint venture to produce renewable fuels at Par Pacific’s refinery in Kapolei Hawaii.

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A new study published by the ABFA finds that the U.S. EPA’s proposal to cut the RIN by 50% for fuels made from foreign feedstocks, as part of its 2026 and 2027 RVOs, could stall the growth of the biomass-based diesel (BBD) industry.

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Reps. Mike Flood, R-Neb., and Troy A. Carter, Sr., D-La., on July 21 reintroduced the SAF Information Act. The bill directs the U.S. EIA to more explicitly include SAF data in its weekly and monthly reports.

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The U.K. Department for Transport on July 22 awarded £63 million ($82.22 million) to 17 sustainable aviation fuel (SAF) companies through the governments’ Advanced Fuels Fund. The funding is expected to support approximately 1,400 jobs.

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The U.S Department of Energy Bioenergy Technologies Office, in partnership with the Algae Foundation and NREL, on July 21 announced the grand champion and top four winning teams of the 2023 - 2025 U.S. DOE AlgaePrize Competition.

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The USDA Forest Service on July 17 announced $80 million in investments to "spur wood products manufacturing, expand active forest management, and accelerate energy innovation.” At least $12 million of that went to biomass thermal projects.

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The government of Nova Scotia on July 17 launched a new initiative to promote the use of woody biomass by directing provincial agencies to prioritize the use of wood for both construction and heating applications in public buildings.

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Qarlbo Biodiversity has signed a memorandum of understanding (MOU) with Woodland Biofuels to supply up to 500,000 tons of sustainably harvested pine forest thinnings from properties it manages using its Nature+® Forest Management Strategy.

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Kintetsu World Express Inc. has signed an additional agreement with Hong Kong, China-based Cathay Pacific Airways for the use of sustainable aviation fuel (SAF). The agreement expands a three-year partnership between the two companies.

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Gevo Inc. on July 21 announced that it is selling carbon abatement into the market for the first time. The buyer purchased high-integrity durable carbon removal credits that are Puro.earth-certified and are ready to retire immediately.

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On July 18, U.S. EPA announced a reduction in force (RIF) as the agency continues its comprehensive restructuring efforts. With organizational improvements, EPA is delivering $748.8 million in savings.

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Illinois Gov.JB Pritzker and the Illinois Department of Commerce and Economic Opportunity have selected NewCarbon to receive funding to advance the development of RNG projects at three wastewater treatment plants in DuPage County.

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Broco Energy on July 17 announced a new partnership with the Massachusetts Port Authority (Massport) to deliver and transition Massport's fuel tanks to renewable diesel across its various facilities.

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Shell Aviation, Accenture, and Amex GBT on July 10 announced Avelia is in the process of evolving to an industry solution with independent data hosting and a multi-supplier model helping users access the GHG benefits of SAF.

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The U.S EPA on July 17 released data showing more than 1.9 billion RINs were generated under the RFS during June, down 11% when compared to the same month of last year. Total RIN generation for the first half of 2025 reached 11.17 billion.

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U.S. Secretary of Agriculture Brooke Rollins on July 17 announced the U.S. Forest Service is awarding $80 million in Wood Innovation Grants to spur wood products manufacturing, expand active forest management, and accelerate energy innovation.

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The U.S. EPA on July 17 published updated small refinery exemption (SRE) data, reporting that six new SRE petitions have been filed under the RFS during the past month. A total of 195 SRE petitions are now pending.

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Avia Solutions Group, the world's largest ACMI (aircraft, crew, maintenance, and insurance) provider, has partnered with DHL Express to reduce greenhouse gas emissions from its international shipments using SAF.

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SYSADVANCE North American has been selected to supply landfill gas upgrading solutions for projects in Lincoln, Nebraska, and Waco, Texas. The METHAGEN LF 3000F and METHAGEN LF 1800F systems were selected by Viridi Energy.

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Velocys on July 16 announced it will supply its Fischer-Tropsch (FT) technology to an electrified biogas-to-SAF project under development in Uruguay by Syzygy Plasmonics. The proposed facility is expected to be operational in 2027.

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Hydron Energy Inc. has received the first order for its first of the kind commercial INTRUPTor-Mid biogas upgrading plant. Hydron will manufacture, deliver, and commission the renewable natural gas (RNG) plant in eastern Ontario, Canada.

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