February 19, 2019
BY Erin Krueger
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Renewables are expected to account for nearly 26% of U.S. electricity generation this year, expanding to nearly 28% in 2027, according to the U.S. Energy Information Administration’s latest Short-Term Energy Outlook, released Nov. 10.
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.
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.
Par Pacific Holdings released third quarter financial results on Nov. 4, reporting that its production at its Hawaii renewable fuels facility ramped significantly during the period. The biorefinery commenced operations in April.
Marathon Petroleum Corp. on Nov. 3 reported significantly higher third quarter earnings for its renewable diesel segment. Renewable diesel production volumes were up approximately 1% when compared to the third quarter of last year.