
SOURCE: U.S. Energy Information Administration
August 27, 2024
BY Erin Voegele
Advertisement
Advertisement
Drax Group plc released a first quarter trading update on April 30, reporting that the company’s pellet production business is performing well, with a continued focus on cost reduction in its U.S. operations.
On April 29, the USDA announced an expanded partnership with the Export-Import Bank of the United States (EXIM) to increase domestic agricultural production and exports, while reducing the agricultural trade deficit. Alongside
Roeslein Renewables announced its support for a new national push to secure a central role for American made biofuels in the future of global maritime shipping, following the company’s decision to sign onto a joint letter organized by the ABMI.
U.S. manufacturers produced approximately 900,000 tons of densified biomass fuel in November, according to the U.S. EIA’s Monthly Densified Biomass Fuels Report. Sales of densified biomass fuel reached 970,000 tons during the month.
The government of Queensland, Australia, has announced it will invest $25 million to support a project that will enable renewable diesel production at Ampol’s Lytton oil refinery. The project could expand in the future to include SAF production.