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Fortum, UPM, Valmet partner to produce advanced biofuels

Fortum

March 11, 2014

BY Valmet Corp.

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Valero reports strong Q3 operations for ethanol, renewable diesel segments

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Valero Energy Corp. on Oct. 22 released third-quarter financial results, reporting record-high ethanol production volumes and a profitable three-month period for both its ethanol segment and its renewable diesel joint venture.

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XCF Global Inc. on Oct. 20 announced that it has entered into a definitive agreement to acquire a renewable fuel production facility in Paramount, California through a newly formed subsidiary of XCF, New Rise Renewables Paramount LLC.

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XCF Global Inc. on Oct.13 announced September gross product sales of more than $12 million, driven by increasing production and expanding commercial contracts and shipments of 1.4 million gallons from the New Rise Renewables Reno facility.

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The U.S. Department of Energy on Oct. 14 released guidance that will help clean fuel producers claim the 45Z clean fuel production credit for fuels, feedstocks and pathways not included in the agency’s current 45Z rate table.

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Moeve and Emerita Resources have signed the first agreement in Spain to deploy 100% renewable diesel (HVO) on an industrial scale within the mining sector. The fuel can reduce CO2 emissions by up to 90% when compared to traditional diesel.

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