September 12, 2023
BY Erin Krueger
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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.
Researchers at Penn State have found that mixing manure with plant biomass can increase methane production — which is necessary for biogas — and improve the economic feasibility of farm-scale anaerobic digestion.
XCF Global Inc. on Oct.13 announced September gross product sales of more than $12 million, driven by increasing production and expanding commercial contracts and shipments of 1.4 million gallons from the New Rise Renewables Reno facility.