
SOURCE: USDA FAS
June 17, 2024
BY Erin Voegele
Advertisement
Advertisement
The U.S. Energy Information Administration reduced its forecast for 2026 renewable diesel production in its latest Short-Term Energy Outlook, released Oct. 8. The production forecast for “other biofuel,” including sustainable aviation fuel (SAF), was maintained.
XCF Global Inc. on Oct. 6 announced that XCF stockholders have approved the proposals necessary to complete the previously announced business combination involving XCF, DevvStream Corp. and Southern Energy Renewables Inc.
New Zealand’s Energy Efficiency and Conservation Authority on Oct. 1 announced it is investing in five new wood energy aggregation facilities and four projects that aim to produce torrefied biomass and wood pellets.
For qualified biomass facilities, properly processed railroad ties can provide a reliable supplemental fuel stream with useful heating value, established regulatory pathways and the potential to diversify supply.
According to the USDA, President Trump’s executive order that lifts taxes on dyed-diesel is expected to represent approximately $640 million in combined federal and state savings across about 224.6 million harvested acres.