KiOR Inc.
July 24, 2012
BY Luke Geiver
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Valero Energy Corp. on April 30 released first quarter financial results, reporting a profitable three-month period for both its ethanol segment and Diamond Green Diesel joint venture, which produces renewable diesel and SAF.
Rep. Mike Carey, R-Iowa, has introduced the Strengthening Economic and Energy Development Act, a bill that aims to reinstate the $1 per gallon 40A biodiesel tax credit through 2029. Taxpayers could claim either the 40A credit or the 45Z credit.
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.
The American Biofuels Maritime Initiative, which includes members representing the ethanol and biogas industries, on April 23 sent a letter to U.S. Secretary of State Marco Rubio calling for strong U.S. leadership in IMO negotiations.
Rep. Mariannette Miller-Meeks, R-Iowa, pressed U.S. Energy Secretary Chris Wright on his support for biofuels and the administration’s request to reduce DOE funding for renewable fuels by 98% during an April 16 congressional hearing.