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UNICA: Ethanol production, sales down in late June

July 21, 2022

BY Erin Krueger

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Verbio starts industrial production of renewable chemicals

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By Verbio AG

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Verbio on Oct. 6 commissioned the world’s first large-scale ethenolysis plant based on rapeseed methyl ester at its Bitterfeld site. The new plant is capable of producing up to 60,000 metric tons of biobased chemicals annually.

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The IATA marked the tenth anniversary of the International Civil Aviation Organization assembly resolution to establish the CORSIA with a call to governments to reinforce the foundations of this landmark step in aviation's decarbonization.

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Gevo Inc. on Oct. 1 announced sales of substantially all of the Section 45Z tax credits generated by its ethanol and renewable natural gas (RNG) facilities in 2026, totaling $70 million worth of credits.

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The USDA maintained its forecast for soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Oct. 9. The outlook for soybean oil prices was also unchanged.

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The USDA on Oct. 9 released its latest Crop Production report, predicting soybean production for beans will reach a record high 4.56 billion bushels in 2026, up 1% when compared to the September forecast and up 7% when compared to 2025.

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