The U.S. House of Representatives on April 26 narrowly approved a debt ceiling package that significantly reduces the application of the IRA's clean fuel and SAF tax credits, but leaves the existing biodiesel and renewable diesel BTC intact.
Valero Energy Corp.'s renewable diesel segment set a new sales volume record during Q1 while its ethanol segment reported a profitable three-month period with higher production volumes. The company is also progressing with plans to produce SAF.
Novozymes released first quarter financial results on April 26, reporting that bioenergy sales were up 28 percent during the three-month period. Overall company sales were up 5 percent for the quarter.
Valero Energy Corp.'s renewable diesel segment set a new sales volume record during Q1 while its ethanol segment reported a profitable three-month period with higher production volumes. The company is also progressing with plans to produce SAF.
The U.S. House of Representatives on April 26 narrowly approved a debt ceiling package that significantly reduces the application of the IRA's clean fuel and SAF tax credits, but leaves the existing biodiesel and renewable diesel BTC intact.
Drax Group CEO Will Gardiner discussed the status of the company's BECCS projects in the company's Q1 trading update, released April 26. He said the company has entered formal discussions with the U.K. government and is evaluting U.S. projects.
Divert Inc., an impact technology company on a mission to Protect the Value of Food, on April 26 announced the groundbreaking on its integrated diversion and energy facility in Turlock, California. The facility will be fully operational in 2024.
Reps. Julia Brownley, D-Calif., and Brad Schneider, D-Ill., on April 20 introduced the Sustainable Aviation Fuel Act, which aims to support the use of SAF via tax credits and the establishment of an aviation-only LCFS.
BMW Manufacturing started using recycled methane gas from a local landfill to provide electricity and hot water for the plant 20 years ago via a partnership with Ameresco. The company on April 20 announced an eight-year extension of that partnership.
ICM announced Element LLC was placed into receivership due to market-based disruptions that have impacted profitability, including high corn basis and reduce LCFS values. ICM technologies installed at the plant, however, exceeded expectations.
Reps. Julia Brownley, D-Calif., and Brad Schneider, D-Ill., on April 20 introduced the Sustainable Aviation Fuel Act, which aims to support the use of SAF via tax credits and the establishment of an aviation-only LCFS.
Clean Fuels Alliance America has welcomed an amendment from Rep. Jodey Arrington, R-Texas, to the Limit, Save, Grow Act of 2023. The amendment would preserve the biodiesel and renewable diesel blenders credit as it is in current law.
POET has signed an exclusive partnership agreement with Midwest Commodities in Detroit, Michigan. As part of the agreement, Midwest Commodities will provide DDGS truck-to-container transload services solely to POET.
The USDA recently released its Grain Crushings and Co-Products Production Report for April, reporting that corn use for fuel ethanol in February was down when compared to both the previous month and February 2022.
The European Commission announced on April 26 that a political agreement has been reached on the REFuelEU Aviation proposal, which creates a mandate requiring the use of sustainable aviation fuel (SAF).
The European Commission announced on April 26 that a political agreement has been reached on the REFuelEU Aviation proposal, which creates a mandate requiring the use of sustainable aviation fuel (SAF).
U.S. fuel ethanol production fell by nearly 6 percent the week ending April 21, according to data released by the U.S. Energy Information Administration on April 26. Stocks of fuel ethanol were down nearly 4 percent.
The U.K. Pellet Council has announced the U.K. government's recently suspension of ENplus A1 requirements will expire on Nov. 22. As a result, all U.K. traders and customers will be rquired to use any non-ENplus A1 stock by that deadline.
The Members of Iowa's Congressional Delegatio released a statement on the debt ceiling package negotiations, discussing efforts to amend the bill to protect biofuel tax credits that benefit ethanol producers and the ag community.
Drax Group on April 25 announced the official end of coal-fired generation at Drax Power Station in North Yorkshire, marking a historic milestone in both the company and the U.K.'s transformation to a zero-carbon energy future.
Summit Carbon Solutions has signed a multi-year agreement to sell carbon dioxide removal credits (CDRs) to the NextGen CDR Facility (NextGen). In total, NextGen announced the purchase of 193,000 tons of CDRs from three projects.
Fibenol is starting up its first lignocellulosic biorefinery in Imavere. The recalcitrant lignocellulosic structures are effectively opened with a combination of Sunburst pre-treatment technology and tailored enzymatic cocktails from Novozymes.
Airbus Canada, Pratt & Whitney Canada, a business unit of Pratt & Whitney, and SAF+ Consortium on April 21 announced a new initiative to collaborate on next-generation sustainable aviation fuel (SAF), supported by the Government of Quebec.
USGC Chairman Josh Miller joined USGC staff to share the benefits of U.S. ethanol at the Seoul Mobility Show in Seoul, South Korea. The USGC's Korea office also held various events for the nearly 4,000 attendees at its booth this year.
Juan Luciano, chairman and CEO of Archer Daniels Midland Co., confirmed that the company's soybean crushing facility in Spiritwood, North Dakota, is scheduled to come online in time for the 2023 harvest during a Q1 earning call, held April 25.
Tourmaline Oil Corp. and Clean Energy Fuels Corp. on April 18 a $70 million joint development agreement to build and operate a network of compressed natural gas (CNG) stations along key highway corridors across Western Canada.
The U.S. Energy Information Administration recently released data showing U.S. manufacturers produced approximately 910,000 tons of densified biomass fuel in January, with sales reaching 650,000 tons.
The Andersons Inc. has announced that Element LLC, a joint venture with ICM Inc., has been placed into receivership. The plant is currently in an extended maintenance shutdown. future operating decisions will be made by the court-appointed receiver.
Archer Daniels Midlands Co. released Q1 financial results on April 25, reporting its ethanol operations were impacted by low margins during the period. Despite continued volatility, the outlook for ethanol may be improved later in the year.
Neste and Viva Aerobus have signed a new purchase agreement for one million liters (264,000 gallons) of Neste MY Sustainable Aviation Fuel. The SAF will be blended with conventional jet fuel and used to power flights from LAX.
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