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Apollo Funds acquire Freedom CNG, a provider of RNG fueling infrastructure

By Apallo

September 20, 2024

Biogas 

Apollo on Sept. 12 announced that Apollo-managed funds have acquired a majority interest in Freedom CNG, an owner and operator of compressed natural gas (CNG) and renewable natural gas (RNG) fueling infrastructure in Texas.

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The U.S. EPA on Sept. 19 released updated SRE data, reporting that two new SRE petitions were filed under the RFS during the past month. A total of 50 SRE petitions are now pending, up from 48 that were pending as of mid-August.

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Less than two weeks after Fulcrum BioEnergy Inc. and affiliated companies filed for Chapter 11 bankruptcy protection, the assets of Fulcrum Sierra Biofuels LLC and Fulcrum Bioenergy Inc. are being offered for sale at auction.

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Fiji Airways is collaborating with The Fiji Sugar Corp. Ltd. (FSC) and Lee Enterprises Consulting to evaluate the feasibility of sustainable aviation fuel (SAF) production in Fiji. The collaboration is funded by The Asian Development Bank.

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Comstock Inc. on Sept. 18 announced the execution of a binding agreement between Comstock Fuels Corp. and SACL Pte. Ltd. related to three biofuel sites under development in Australia to produce 300 MMgy of SAF and renewable fuels.

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Gevo Inc. has announced the sale of approximately $20 million in investment tax credits to an undisclosed corporate buyer. This transaction monetizes IRA investment tax credits generated from the commercialization of an RNG production facility.

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OPAL Fuels Inc., a vertically integrated leader in the capture and conversion of biogas into low carbon intensity RNG and renewable power, on Sept. 18 announced the sale of approximately $11.1 million of IRA investment tax credits.

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Neste, ITOCHU and GS Caltex have collaborated to make the first batch of CORSIA-eligible ISCC-certified sustainable aviation fuel (SAF) available for purchase at Narita International Airport in Japan.

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A report filed with the USDA FAS Global Agricultural Information Network discusses how China’s domestic biobased-diesel industry has been impacted by the European Union’s provisional antidumping duties on biodiesel and renewable diesel.

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Archaea Energy, a subsidiary of bp, and GFL Environmental have announced that their joint venture-owned RNG plant in Wisconsin, is now online. The facility can process up to 4,800 standard cubic feet of landfill gas per minute (scfm) into RNG.

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United and the San Francisco 49ers on Sept. 18 announced that the team has become the first in the NFL to purchase SAF. The team has purchased enough SAF to cover its game-related flying on United from San Francisco to Los Angeles on Sept. 22.

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Clean Energy Fuels Corp., the largest provider of renewable natural gas (RNG) for the transportation industry has announced that it is launching a program to allow heavy-duty fleets to operate a truck equipped with the new Cummins X15N engine.

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Strategic Biofuels has published a free resource, “A Practical Guide to Forestry Feedstock Under the Renewable Fuel Standard.” The guide is the result of the work completed as part of a cooperative agreement signed with the U.S. Forest Service.

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The Georgia Public Utilities Commission on Sept. 17 voted 4 to 1 to approve a plan by Georgia Power to add 77.9 megawatts (MW) of new biomass power capacity to its portfolio via three power purchase agreements (PPAs).

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The RFA has asked the U.S. EPA for an update on the agency’s investigation of certain biofuel feedstock imports and is urging the adoption of more stringent feedstock verification requirements for imported used cooking oil and tallow.

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Woodland Biofuels Inc., announced a planned $1.35 billion investment at the Port of South Louisiana to establish the world's largest carbon negative renewable natural gas plant / ultra-green hydrogen facility.

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A new economic analysis conducted by MNP, one of Canada’s leading professional services and research firms, has found that Drax Group contributed $1 billion towards the Canadian economy and supported more than 3,000 jobs in 2023.

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Haffner Energy has announced the creation of SAF Zero, a spin-off focused on the sustainable aviation fuel (SAF) market. SAF Zero aims to fully leverage SAFNOCA, Haffner Energy's advanced technology.

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Legislation introduced in the California State Assembly on Sept. 11 aims to prevent the California Air Resources Board from amending the state’s Low Carbon Fuel Standard regulations prior to Jan. 1, 2026.

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An oil refinery located in Scotland planned for decommissioning next year could find new life as a sustainable aviation fuel (SAF) production facility thanks to a joint investment plan announced by the U.K. and Scottish governments on Sept. 12.

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Fulcrum BioEnergy Inc. and affiliated companies Fulcrum Seirra Holdings and Fulcrum Sierra Finance Co. on Sept. 9 filed voluntary petitions for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware.

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Summit Next Gen LLC has closed on its site acquisition for the future development of its previously announced SAF production platform. The 60-acre site is located on the Houston Ship Channel in Texas.

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The U.S. Patent and Trademark Office has granted Gevo Inc. a patent for its ethanol to olefins (ETO) process. The patent protects the process of using certain proprietary catalyst combinations for converting ethanol into olefins.

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North America’s largest purely biomass-powered generating station just got a new lease on life. OPG’s Atikokan Generating Station has entered into a new 5-year contract with Ontario’s Independent Electricity System Operator.

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Simply Blue Group has announced the Goldboro site in Nova Scotia, Canada formerly proposed as Goldboro Liquified Natural Gas Project, as the location for their major sustainable aviation fuels (SAF) hub.

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Valerie Sarisky-Reed, director of the U.S. Department of Energy’s Bioenergy Technologies Office, discusses ways her agency is doing its part to strengthen America’s bioeconomy and supply chain to support clean energy innovation.

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Gevo Inc. on Sept. 12 announced it has entered into a definitive agreement to acquire the ethanol production plant and CCS assets of Red Trail Energy LLC for $210 million. Gevo plans to add net-zero SAF production capacity to the site.

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The USDA maintained its forecast for 2024-’25 soybean oil use in biofuel production in its latest WASDE report, released Sept. 12. The estimates for 2022-’23 and 2023-’24 soybean oil use in biofuel production were revised up.

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The USDA reduced its forecast for soybean production in its latest monthly Crop Production report, released Sept. 12. Record highs, however, are expected for both soybean yields and soybean production for beans.

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