Biomass Week - August 3, 2022

Senate Inflation Reduction Act packed with bioenergy incentives Senate democrats on July 27 announced an agreement to bring the Inflation Reduction Act of 2022 to vote. The bill includes many bioenergy incentives, particularly the extension and modification of existing tax credits and creation of new ones. READ MORE SHARE
EU wood pellet demand to set a new record in 2022 The European Union consumed a record 23.1 million metric tons of wood pellets in 2021, according to a new report filed with the USDA FAS’s Global Agricultural Information Network. Demand is expected to expand to 24.3 million metric tons this year. READ MORE SHARE
	Neste: Q2 sales margin for renewable products sets record Neste released second quarter financial results on July 28, reporting robust demand for renewable products during the three-month period and record quarterly comparable sales margin of $865 per ton, up from $700 per ton during the Q2 2021. READ MORE SHARE
Marathon provides update of Martinez conversion project The first phase of Marathon Petroleum’s renewable diesel conversion project at its Martinez refinery in California is expected to be mechanically complete by the end of the year, according to comments made by President and CEO Michael Hennigan. READ MORE SHARE
CRV: Wynnewood continues to ramp up renewable diesel production CVR Energy Inc. began operations at its newly converted renewable diesel unit at its Wynnewood refinery in Oklahoma in mid-April. That unit processed approximately 3,100 barrels per day of vegetable oil feedstock during the second quarter. READ MORE SHARE
Greenlane wins contracts for 2 South American RNG projects Greenlane Renewables Inc. has signed new contracts with a combined value of $13.5 million (US$10.5 million) for the supply of its biogas upgrading technology for two landfill gas-to-renewable natural gas (RNG) projects in South America. READ MORE SHARE
Bayer increases investment in oilseed producers CoverCress Bayer, Bunge and Chevron U.S.A. Inc., a subsidiary of Chevron Corp., have signed a shareholders’ agreement in connection with Bayer’s acquisition of a 65 percent majority ownership of the winter oilseed producer CoverCress Inc. READ MORE SHARE
Shell, Lufthansa sign non-binding MOU for SAF supply Representatives of Shell International Petroleum Co Ltd. and Deutsche Lufthansa AG have signed a non-binding MOU for exploring the supply of SAF by Shell to the Lufthansa Group for seven years at airports across the globe, starting in 2024. READ MORE SHARE
SNRC installs Anaergia’s resource recovery solutions Anaergia Inc. announced on July 26 that its solutions that turn waste into renewable energy are now integrated in a new state-of-the-art wastewater treatment plant in Highland, California, known as the Sterling Natural Resources Center. READ MORE SHARE
Louisiana passes law benefiting Strategic Biofuels project Strategic Biofuels has announced that the State of Louisiana recently enhanced its CSS legislation with provisions that provide additional carbon dioxide (CO2) reservoir storage security for projects in Caldwell Parish. READ MORE SHARE
Blackwood, TTCL inaugurate torrefaction demonstration plant Blackwood Technology B.V. and TTCL Public Company Ltd announce the inauguration of a torrefaction demonstration plant in the Lampang province of Thailand. The facility uses Blackwood’s proprietary FlashTor torrefaction technology. READ MORE SHARE
Capstone provides microturbine system to RNG station in Kansas Capstone Green Energy Corp.'s exclusive distributor in Texas, Arizona, and the Gulf States, Lone Star Power Solutions, has secured an order for a 600 kW microturbine system to be installed at a renewable natural gas station in Kansas. READ MORE SHARE