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Gevo sells $20 million in IRA tax credits generated by RNG project

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By Gevo Inc.

September 19, 2024

Biogas Business 

Gevo Inc. has announced the sale of approximately $20 million in investment tax credits to an undisclosed corporate buyer. This transaction monetizes IRA investment tax credits generated from the commercialization of an RNG production facility.

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OPAL Fuels Inc., a vertically integrated leader in the capture and conversion of biogas into low carbon intensity RNG and renewable power, on Sept. 18 announced the sale of approximately $11.1 million of IRA investment tax credits.

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Neste, ITOCHU and GS Caltex have collaborated to make the first batch of CORSIA-eligible ISCC-certified sustainable aviation fuel (SAF) available for purchase at Narita International Airport in Japan.

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A report filed with the USDA FAS Global Agricultural Information Network discusses how China’s domestic biobased-diesel industry has been impacted by the European Union’s provisional antidumping duties on biodiesel and renewable diesel.

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Archaea Energy, a subsidiary of bp, and GFL Environmental have announced that their joint venture-owned RNG plant in Wisconsin, is now online. The facility can process up to 4,800 standard cubic feet of landfill gas per minute (scfm) into RNG.

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United and the San Francisco 49ers on Sept. 18 announced that the team has become the first in the NFL to purchase SAF. The team has purchased enough SAF to cover its game-related flying on United from San Francisco to Los Angeles on Sept. 22.

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Clean Energy Fuels Corp., the largest provider of renewable natural gas (RNG) for the transportation industry has announced that it is launching a program to allow heavy-duty fleets to operate a truck equipped with the new Cummins X15N engine.

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Woodland Biofuels Inc., announced a planned $1.35 billion investment at the Port of South Louisiana to establish the world's largest carbon negative renewable natural gas plant / ultra-green hydrogen facility.

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A new economic analysis conducted by MNP, one of Canada’s leading professional services and research firms, has found that Drax Group contributed $1 billion towards the Canadian economy and supported more than 3,000 jobs in 2023.

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Haffner Energy has announced the creation of SAF Zero, a spin-off focused on the sustainable aviation fuel (SAF) market. SAF Zero aims to fully leverage SAFNOCA, Haffner Energy's advanced technology.

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Legislation introduced in the California State Assembly on Sept. 11 aims to prevent the California Air Resources Board from amending the state’s Low Carbon Fuel Standard regulations prior to Jan. 1, 2026.

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An oil refinery located in Scotland planned for decommissioning next year could find new life as a sustainable aviation fuel (SAF) production facility thanks to a joint investment plan announced by the U.K. and Scottish governments on Sept. 12.

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Fulcrum BioEnergy Inc. and affiliated companies Fulcrum Seirra Holdings and Fulcrum Sierra Finance Co. on Sept. 9 filed voluntary petitions for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware.

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Summit Next Gen LLC has closed on its site acquisition for the future development of its previously announced SAF production platform. The 60-acre site is located on the Houston Ship Channel in Texas.

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The U.S. Patent and Trademark Office has granted Gevo Inc. a patent for its ethanol to olefins (ETO) process. The patent protects the process of using certain proprietary catalyst combinations for converting ethanol into olefins.

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North America’s largest purely biomass-powered generating station just got a new lease on life. OPG’s Atikokan Generating Station has entered into a new 5-year contract with Ontario’s Independent Electricity System Operator.

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Simply Blue Group has announced the Goldboro site in Nova Scotia, Canada formerly proposed as Goldboro Liquified Natural Gas Project, as the location for their major sustainable aviation fuels (SAF) hub.

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Gevo Inc. on Sept. 12 announced it has entered into a definitive agreement to acquire the ethanol production plant and CCS assets of Red Trail Energy LLC for $210 million. Gevo plans to add net-zero SAF production capacity to the site.

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Amp Americas, a leading dairy methane capture and RNG company, on Sept. 10 announced that its projects have reduced more than 2,000,000 metric tons (MT) of carbon dioxide equivalent (CO2e) emissions since 2012.

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On Sept. 11, SK Energy, the largest refiner in South Korea and a subsidiary of SK Innovation, announced the completion of the nation’s first dedicated sustainable aviation fuel (SAF) production line.

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FortisBC Inc. on Sept. 10 announced it is looking to add up to 1,100 GWh of energy supply to its portfolio as soon as 2030 from low-carbon and renewable energy sources, including biomass, biogas, hydroelectricity, solar, wind and geothermal.

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Neste has revised down its 2024 guidance for renewable products, citing substantially reduced diesel prices. The company said waste and residue feedstock prices have not decreased and renewable product market price premiums have remained weak.

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Drax and the Mississippi DEQ have reached a settlement in connection with notices of violation at its plant in Gloster, Mississippi. Drax has agreed to pay a civil penalty and build a new dust suppression screen at the plant.

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The U.S. Energy Information Administration on Sept. 10 began publishing new monthly forecasts for renewable diesel and other biobased fuels to better capture how biofuels are being consumed and overall demand for distillate fuels.

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North American RNG surpasses 400 operational facilities

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By Coalition for Renewable Natural Gas

September 10, 2024

The Coalition for Renewable Natural Gas (RNG Coalition) announces a major milestone in the growth of the renewable natural gas industry, with 433 facilities now operational across North America.

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GREATER MSP Partnership has announced major developments and celebrated a year of accomplishments toward operating the first large-scale, end-to-end sustainable aviation fuel (SAF) value chain in the United States.

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Japan-based Renova Inc. on Sept. 6 announced startup of its 75-megawatt (MW) Omaezakikou Biomass Power Plant will face additional delays. The facility is now expected to begin operations in March 2025.

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Avista seeks bids for RNG

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By Erin Voegele

September 09, 2024

Avista, a utilities company that provides electric and natural gas services to areas in Washington, Idaho and Oregon, on Sept. 3 issued a request for proposals (RFP) seeking to secure a long-term supply of renewable natural gas (RNG).

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More than three dozen members of the U.S. House of Representatives are urging the U.S. Treasury Department to ensure only fuels manufactured from domestically sourced feedstocks qualify for the upcoming 45Z Clean Fuel Production Credit.

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PuriFire Energy has successfully closed a £2.7 million (US$3.5 million) seed round investment. The company is developing technology to convert anaerobic digestion liquid digestate and other wet feedstocks into green methanol.

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