May 2, 2023
BY Erin Krueger
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XCF Global Inc. on April 9 announced that the conversion of its New Rise Renewables Reno plant remains on schedule. The company currently expects the SAF facility could begin commissioning in early June.
Reps. Michelle Fischbach, R-Minn., and Nikki Budzinski, D-Ill., on March 27 introduced the Biobased Materials Investment and Production Act, which aims to create tax incentives to support the production of biobased chemicals and materials.
The USDA maintained its forecast for 2025-’26 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released April 9. The estimated season-average price for soybean oil was revised up.
The London Laurel County Economic Development Authority, Ecostrat and the BDO Zone Initiative have issued a BDO Zone ‘A’ Rating for Laurel County, Kentucky. The BDO Zone is rated for 342,000 bone dry tons per year of low-risk woody biomass .
On April 7, U.S. Department of Agriculture Rural Development Montana State Director Bill Warden announced the agency is investing in the future of Montana’s biofuel industry through Beaverhead Tourism Council in Dillon, Montana.