September 24, 2020
BY Erin Krueger
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Drax on Sept. 30 introduced a new interactive map feature for its Biomass Tracker tool that visualizes the journey that sustainably sourced woody biomass takes through the company’s global supply chain.
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.
Approximately 1.622 million U.S. households are expected to use wood as a primary heating fuel in 2026, down 4% when compared to last year, according to the U.S. Energy Information’s annual Winter Fuels Outlook, released Oct. 6.
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.
Greenlane Renewables Inc. on Oct. 6 announced that the company has extended its $20 million standby letter of credit facility to Sept. 30, 2027. The facility is secured by a guarantee from Export Development Canada.