
SOURCE: U.S. Grains Council
May 23, 2022
BY U.S. Grains Council
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.
Neste Corp.’s renewable products segment experienced a significant increase in earnings during the first quarter of 2026 despite lower production volumes. The increase is attributed to stronger term sales premiums and surging fossil fuel prices.
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.
PBF Energy Inc. on April 30 announced the St. Bernard Renewables facility produced approximately 16,700 barrels pe day of renewable diesel during the first quarter of 2026, up from 10,000 barrels per day during the same period of last year.
The House on April 30 passed the 2026 Farm Bill by a vote of 224 to 200. The bill includes several bioenergy provisions but does not include language enabling year-round E15 sales. A vote on a stand-alone E15 bill is expected May 13.