November 17, 2022
BY Erin Krueger
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Bayer and bp on May 7 announced that they have entered a long-term strategic alliance to jointly scale the crop camelina, under the brand name newgold. The feedstock can be used to produce biodiesel, renewable diesel and SAF.
Par Pacific Holdings Inc. on May 5 confirmed that its Hawaii renewable fuels facility began operations in April. The biorefinery has the capacity to produce 61 MMgy of renewable diesel, SAF and other renewable fuels.
The European Commission in April approved a delegated regulation to update the methodology and data for high-ILUC risk biofuels. The change, if formally adopted, would phase out the use of soybean oil as a biofuel feedstock in the EU by 2030.
Marathon Petroleum Corp. released first quarter financial results on May 5, reporting a significant increase in adjusted EBITDA for its renewable diesel segment on stronger margins and the recognition of 45Z clean fuel production credits.
U.S. biofuels producers consumed an estimated 27.136 billion pounds of feedstock in February, down 6% when compared to the previous month, but up 4% when compared to February 2025, according to data released by the U.S. EIA.