June 12, 2024
BY Erin Voegele
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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.
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.
The USDA on Oct. 19 announced plans to launch a new Harvest Fuel Relief program to provide $8 billion to U.S. farmers to help offset high fuel costs. The one-time payments will be funded through the USDA’s CCC and administered by the FSA.
CoBank on Oct. 7 released its latest quarterly insights report, which discusses the impact of 45Z clean fuel production credits and fuel mandates on biofuel demand and highlights how soaring fuel prices are impacting the farm supply chain.
Rep. Mariannette Miller-Meeks, R-Iowa, and six of her colleagues on Oct. 15 sent a letter to U.S. EPA Administrator Lee Zeldin urging the agency to expand Renewable Fuel Standard eligibility for qualified fuel used in marine transportation.