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Valero invests in Mascoma; new biorefinery planned

January 14, 2011

BY Mascoma Corp.

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BP to acquire full ownership of BP Bunge Bioenergia, pause development of 2 proposed SAF and renewable diesel projects

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By Erin Voegele

June 21, 2024

Advanced BiofuelsSustainable Aviation FuelsBusiness

BP on June 20 announced an agreement to acquire Bunge’s 50% interest in its BP Bunge Bioenergia S.A. JV. The company also said it is scaling back plans for the development of new SAF and renewable diesel projects at its existing sites.

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The U.S. EPA released updated RIN data on June 20, reporting that nearly 2.01 billion RINs were generated under the RFS during May, down from 2.11 billion generated during the same period of last year.

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Treasury and the IRS on June 18 released final rules implementing the wage and apprenticeship standard provisions of clean energy tax credits created by the IRA, including the 45Z clean fuels production tax credit.

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Topsoe has announced Braya Renewable Fuels’ biorefinery in Newfoundland is now producing renewable diesel at design capacity. The facility, which utilizes Topose’s HydroFlex technology, is also expected to produce SAF in the future.

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Clean Fuels Alliance American has filed a lawsuit challenging the U.S. EPA’s final rule setting GHG emissions standards for heavy duty vehicles. The rule failed to consider the GHG-reducing benefits of biodiesel and renewable diesel.

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