
SOURCE: U.S. Energy Information Administration
May 31, 2023
BY Erin Krueger
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The USDA maintained its forecast for 2026-’27 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Nov. 10. The estimate for 2025-’26 soybean oil use in biofuel production was revised up.
The USDA raised its forecast for 2026 soybean production in its latest Crop Production report, released Nov. 10. The agency now predicts soybean production for beans will reach a record-high 4.57 billion bushels.
Calumet Inc. on Nov. 6 announced Montana Renewables delivered record high earnings for Q3. During an earnings call, company officials discussed the ongoing MaxSAF initiative and a related asset lease agreement announced Nov. 5.
Clean Energy Fuels Corp. sold 66.8 million gallons of renewable natural gas (RNG) during the third quarter of 2026, up 9% when compared to the same period of last year. Strong financial results were supported by the 45Z clean fuel production credit.
Aemetis Inc. released third quarter results on Nov. 5, reporting increased revenue and higher RNG and ethanol sales. During an earnings call, company officials highlighted ongoing improvement projects and the impact of 45Z credits.