Biomass Week - February 15, 2023

Neste reports strong 2022 performance for renewables Neste Corp. on Feb. 8 released Q4 and full year 2022 financial results, reporting strong performance for its renewable products segment. Renewable diesel demand remained robust and the company highlighted plans for increased SAF prodcution. READ MORE SHARE
DOE funds bioenergy carbon capture projects The U.S. Department of Energy on Jan. 30 awarded $131 million for 33 carbon management projects. At least four of the funded projects specifically address carbon capture related to bioenergy and biofuels. READ MORE SHARE
	USDA maintains forecast for soybean oil use in biofuel production The USDA maintained its forecast for 2022-’23 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Feb. 8. The U.S. soybean outlook is for lower soybean crush and higher ending stocks. READ MORE SHARE
DOE announces $25.5 million to improve biofuels, bioproducts The U.S. Department of Energy announced $25.5 million in funding to enable the sustainable use of domestic biomass and waste resources, such as agricultural residues and algae, to produce low-carbon biofuels and bioproducts. READ MORE SHARE
Shell, S&W partner to develop, produce biofuel feedstocks Equilon Enterprises LLC (Shell) and S&W Seed Co. have execution an agreement to establish a joint venture (JV) for the purpose of developing novel plant genetics for oil seed cover crops as feedstocks for biofuel production. READ MORE SHARE
Goldman Sachs Asset Management launches Verdalia Bioenergy Goldman Sachs Asset Management, through its infrastructure investing business has established Verdalia Bioenergy, a new business focused on developing, acquiring, building and operating biomethane plants across Europe. READ MORE SHARE
	EIA: Densified biomass fuel sales at 940,000 tons in October The U.S. Energy Information Administration recently released data showing U.S. manufacturers produced approximately 940,000 tons of densified biomass fuel in October, with sales reaching 940,000 tons. READ MORE SHARE
Indian Oil signs MOU with LanzaJet on SAF Indian Oil Corporation Ltd. (IndianOil) on Feb. 8 entered into a memoradnum of understing (MOU) with fuels technology company LanzaJet to explore the development of sustainable aviation fuel (SAF) production in India. READ MORE SHARE
Research reinforces the carbon-neutrality of biomass Enviva Inc. and the U.S. Industrial Pellet Association, welcome a recent study that confirms the wood pellet industry has met the overall condition of forest carbon neutrality in the U.S. Southeast between 2000 and 2019. READ MORE SHARE
CAM Integrated Solutions partners with Amp Americas CAM Integrated Solutions LLC announced on Feb. 2 their partnership with Amp Americas, a leader in the renewable natural gas (RNG) industry providing carbon-negative fuels and feedstocks from waste at dairy farms. READ MORE SHARE
EIA updates bioenergy production, capacity forecasts Renewables are expected to 24 percent of U.S. electricity generation in 2023, increasing to 26 percent in 2024, according to the U.S. Energy Information Administration’s latest Short-Term Energy Outlook, released Feb. 7. READ MORE SHARE