Biomass Week - May 3, 2023

Calumet: Montana Renewables reaches full operations Calumet Specialty Products Partners L.P. on April 25 announced that its Montana Renewables subsidiary has completed the startup of its sustainable aviation fuel (SAF) and pretreatment units. A ribbon cutting ceremony is planned for May 10. READ MORE SHARE
EIA: US biofuel capacity, feedstock consumption up in February U.S. operable biofuels production capacity increased in February, with gains for ethanol, biodiesel and renewable diesel and associated fuels, according to data released by the U.S. EIA. Total feedstock consumption was up slightly from February 2022. READ MORE SHARE
	BBI, CAAFI to hold 1st North American SAF Conference & Expo BBI International has entered into a collaborative agreement with the Commercial Aviation Alternative Fuels Initiative to produce the first annual North American SAF Conference & Expo. The conference will be held in Minneapolis on Aug. 29-30. READ MORE SHARE
CVR ramps up renewable diesel production in Q1 CVR Energy Inc. is continuing to ramp up renewable diesel production at its Wynnewood refinery in Oklahoma. Total vegetable oil throughput during Q1 was approximately 22.4 million gallons, up from 12.8 million gallons during Q4 2022. READ MORE SHARE
Marathon: Phase II of Martinez conversion progressing on schedule Marathon Petroleum Corp. released first quarter financial results on May 2, confirming the second phase of its renewables conversion project at the Martinez refinery in California is progressing on schedule and expected to be complete by year end. READ MORE SHARE
Debt ceiling package limits impact of SAF, clean fuel tax credits The U.S. House of Representatives on April 26 narrowly approved a debt ceiling package that significantly reduces the application of the IRA's clean fuel and SAF tax credits, but leaves the existing biodiesel and renewable diesel BTC intact. READ MORE SHARE
	Neste reports strong Q1 for renewable diesel, SAF Neste Corp. released first quarter financial results on April 28, reporting the company’s renewable products segment benefitted from robust demand for renewable diesel and favorable feedstock pricing during the three-month period. READ MORE SHARE
Vertex Energy cuts ribbon on first renewable diesel unit Vertex Energy Inc. cut the ribbon on its first renewable diesel facility at the company's Mobile refinery and the first renewable diesel facility in Alabama on April 28. The ceremony also served as a commissioning event. READ MORE SHARE
FortisBC teams with Dicklands Farms to produce RNG FortisBC Energy Inc. is adding more renewable natural gas (RNG) to its system by teaming with Dicklands Farms in Chilliwack, British Columbia, which is producing RNG from agricultural and food waste. READ MORE SHARE
Valero reports strong Q1 for biofuel segments Valero Energy Corp.’s renewable diesel segment set a new sales volume record during Q1 while its ethanol segment reported a profitable three-month period with higher production volumes. The company is also progressing with plans to produce SAF. READ MORE SHARE
European Commission reaches agreement on SAF mandate The European Commission announced on April 26 that a political agreement has been reached on the REFuelEU Aviation proposal, which creates a mandate requiring the use of sustainable aviation fuel (SAF). READ MORE SHARE
Bill creates LCFS for aviation, expands SAF tax credits, funding Reps. Julia Brownley, D-Calif., and Brad Schneider, D-Ill., on April 20 introduced the Sustainable Aviation Fuel Act, which aims to support the use of SAF via tax credits and the establishment of an aviation-only LCFS. READ MORE SHARE