Biomass Week - March 15, 2023

Drax announces 200th shipment of wood pellets from Baton Rouge This month, Drax loaded its 200th shipment of sustainable biomass at the Port of Greater Baton Rouge. The shipment marks a major milestone for Drax’s operations as it amounts to more than 10 million mteric tons shipped from the U.S. to U.K. READ MORE SHARE
Bill aims to create clean transportation standard in Minnesota Legislation currently pending in Minnesota aims to establish a clean transportation standard that would require the state’s transportation fuels to achieve 100 percent reduction in carbon intensity (CI) by 2050. READ MORE SHARE
	USDA: US wood pellet exports at 637,518 tons in January The U.S. exported 637,518.4 metric tons of wood pellets in January, down from both 917,175.4 metric tons the previous month and 655,656.5 metric tons in January 2022, according to data released by the USDA Foreign Agricultural Service on March 8. READ MORE SHARE
Tidewater: BC renewable diesel project nearly complete Tidewater Renewables Ltd. released Q4 results on March 9, reporting that its renewable diesel project collocated with its Prince George refinery in British Columbia is 90 complete and expected to begin commissioning late in the first quarter. READ MORE SHARE
Aemetis reports 21% increase in revenues for 2022 Aemetis Inc. released Q4 results on March 9, reporting full year revenues were up 21 percent when compared to 2021. During an earnings call, company officials discussed ongoing projects related to ethanol, RNG and SAF production. READ MORE SHARE
Viridos raises $25 million for algae-based biofuels Viridos Inc., an algae biofuel company focused on algae-based jet and diesel fuel, has raised a $25 million Series A equity investment led by Breakthrough Energy Ventures (BEV) and joined by Chevron U.S.A. Inc. and United Airlines Ventures. READ MORE SHARE
	Gevo provides update on Net Zero, RNG projects in Q4 report Gevo Inc. released Q4 results on March 9, confirming that the company’s Net Zero 1 project in South Dakota remains on schedule for startup in 2025. Gevo said its RNG project continues to ramp up operations, while its Minnesota biorefinery is idle. READ MORE SHARE
Greenlane wins contract for RNG pipeline project in Ohio Greenlane Renewables Inc. has been awarded a $7.2 million (US$5.4 million) contract through Synthica St Bernard LLC for a food waste to pipeline renewable natural gas (RNG) project in Ohio. READ MORE SHARE
Strategic Biofuels invited to apply for DOE loan guarantee Strategic Biofuels has been invited by the U.S. Department of Energy’s Loan Programs Office (LPO) to submit a Part II application for a proposed $1.6 billion loan guarantee under the Title XVII Innovative Clean Energy Loan Guarantee Program. READ MORE SHARE
USDA maintains 2022-’23 forecast for soybean oil use in biofuel The USDA maintained its forecast for 2022-’23 soybean oil use in biofuel production in its latest WASDE report, released March 8. The agency also slightly reduced its outlook for season-average soybean oil prices. READ MORE SHARE
Marathon acquires 49.9% interest in emerging RNG producer Marathon Petroleum Corp. on March 8 announced it has acquired a 49.9 percent interest in LF Bioenergy, an emerging producer of renewable natural gas (RNG) in the U.S., from Cresta Fund Management for $50 million. READ MORE SHARE
USDA celebrates inaugural National Biobased Products Day The USDA on March 8 kicked off the inaugural National Biobased Products Day and highlighted the accomplishments of people and organizations working to improve sustainability within the federal government. READ MORE SHARE