
SOURCE: Drax Group
January 16, 2024
BY Erin Krueger
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Renewables are expected to account for more than 24% of U.S. electricity generation in 2025, expanding to 26% in 2026, according to the U.S. Energy Information Administration’s latest Short-Term Energy Outlook, released Dec. 9.
The U.S. Energy Information Administration reduced its 2026 production forecast for renewable diesel in its latest Short-Term Energy Outlook, released Dec. 9. The production forecast for other biofuels, including SAF, was maintained.
A group of five oil state senators on Dec. 8 sent a letter to U.S. EPA Administrator Lee Zeldin asking the agency to scrap plans to reallocate RFS renewable volume obligations (RVOs) waived via the small refinery exemption (SRE) program.
A new economic analysis finds that EPA’s proposal to assign 50% of the RIN credits to imported biofuels and biofuels made from imported feedstocks compared to domestic would strengthen domestic soybean markets.
Orbital Biocarbon, an operator-led infrastructure company building sewage-sludge disposal facilities serving wastewater utilities, announced on Dec. 10 the closing of a strategic investment round that includes a personal investment from Toby Z. Rice.