July 6, 2018
BY Erin Krueger
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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.
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.
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.
Reps. Adrian Smith, R-Neb., Nikki Budsinski, D-Ill., and 37 of their colleagues on Oct. 8 sent a letter to U.S. EPA Administrator Lee Zeldin and U.S. Energy Secretary Chris Wright urging the administration to follow through with SRE reallocations.
CHAR Technologies Ltd. on Oct. 1 announced the substantial completion of Phase 1 mechanical and electrical construction at its Thorold Renewable Energy Facility, the company's first commercial renewable energy and biocarbon production facility.