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Vision RNG closes $11.6 million sale of IRA investment tax credit

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By Vision RNG LLC

October 16, 2024

Biogas Business 

Vision RNG LLC has announced the successful sale of $11.6 million in investment tax credits (ITCs) under the Inflation Reduction Act. These tax credits were generated in connection with VRNG’s Eagle Ridge project in Bowling Green, Missouri.

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Cathay Cargo and DB Schenker jointly held a signing ceremony on Oct. 8 at the airline’s Cathay City headquarters to mark the global forwarder’s membership of the Cathay Corporate Sustainable Aviation Fuel (SAF) Programme.

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The USDA on Sept. 30 published a final rule implementing several policy and procedure revisions for its OneRD Guarantee Loan Program, which houses several of the agency’s loan programs, including the Rural Energy for America Program.

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LoCI Controls on Oct. 11 announced the results of its project with Landfill Group, now in its sixth year, at the Hamm Sanitary Landfill in Lawrence, Kansas. The project achieved an average increase of 32% in gas capture over four years.

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Terviva Inc. on Oct. 15 announced its investment from Chevron Renewable Energy Group. Together, the two companies expect to scale Terviva’s pongamia-growing operations and drive greater availability of pongamia as a biofuel feedstock.

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Honeywell on Oct. 15 announced that St1 has started using Honeywell’s Ecofining technology to produce sustainable aviation fuel (SAF) at its biorefinery in Gothenburg, Sweden. The facility will produce 200,000 tons of renewable fuels annually.

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Vertex Energy Inc. on Oct. 9 confirmed that its refinery in Mobile, Alabama, is again producing fossil-based fuels. The company, however, confirmed that it has preserved renewable fuels production capabilities at the plant.

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Soybean oil use for biobased diesel production reached a near-record high in June, but demand for soybean oil feedstock continues to face headwinds from rising imports of UCO and tallow, according to CoBank.

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Formula 1 has been working with DHL Global Forwarding's GoGreen Plus service to reduce its greenhouse gas emissions by around 80% per flight compared to conventional aviation fuel by utilizing sustainable aviation fuel (SAF).

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LanzaTech Global Inc. has announced its plans to expand its biorefining platform capabilities to include operations that produce LanzaTech Nutritional Protein (LNP) as the primary product via its proprietary gas fermentation process.

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The IEA on Oct. 9 published its annual Renewables market report, which for the first time includes a chapter focused on renewable fuels that outlines expected growth in liquid biofuels, including SAF, biogas, and other forms of bioenergy through 2030.

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Greenlane Renewables Inc. on Oct. 7 announced that its wholly owned subsidiary Airdep S.r.l. has expanded its sales into the South American market, specifically in Brazil, with a first customer order for its biogas desulfurization equipment.

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The Clean Fuels Alliance Foundation is now accepting applications for the Beth Calabotta Sustainability Education Grant. Established in 2018, the grant aims to support student scientists dedicated to sustainable research.

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Honeywell and SGP BioEnergy on Oct. 8 announced they are working together to develop new, scalable technology to convert industrial hemp and other plant-based material into biochemicals that can be used to produce plastics and other everyday items.

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The U.S. Energy Information Administration reduced its forecast for 2025 renewable diesel production in its latest Short-Term Energy Outlook, released Oct. 8. The 2024 and 2025 forecasts for “other biofuels,” which includes SAF, were maintained.

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Clean Energy Technologies Inc. announced on Oct. 7 that Vermont Renewable Gas LLC, an affiliate limited liability company has been selected by the USDA as one of its Rural Energy for America Program Grant recipients.

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Enviva Inc. on Oct. 3 filed its 2023 annual report with the SEC and the following day submitted an amended Chapter 11 reorganization plan to the U.S. Bankruptcy Court for the Eastern District of Virginia.

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Emvolon has announced an agreement with Montauk Renewables Inc. to produce carbon-negative fuels and chemicals. The companies plan to develop a commercial-scale demonstration project to convert biogas into methanol at a landfill site in Texas.

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Aether Fuels has signed an MOU with JetBlue. The company has developed technology that utilizes a diverse array of waste feedstocks to produce sustainable liquid fuels, such as SAF, at a lower cost and greater scale than existing approaches.

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Ameresco Inc., Republic Services Inc. and Pacific Gas and Electric Company on Oct. 2 celebrated the ribbon cutting for California’s largest and most resilient LFG-to-RNG plant, located at the Keller Canyon Landfill in Pittsburg, California.

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GFL Environmental Inc. and OPAL Fuels Inc. have announced their joint venture, Paragon RNG, has commenced commercial operations of its new renewable natural gas (RNG) facility at the Sampson County Landfill.

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Cepsa is now supplying SAF in the Canary Islands. The company has made SAF permanently available at the North Tenerife and Gran Canaria airports, and will expand this availability to the archipelago’s other main airports.

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Aemetis Inc. on Oct. 3 announced that its Aemetis Biogas subsidiary has completed initial construction of a multi-dairy anaerobic digester to process waste from approximately 14,000 dairy cows in Merced County, California.

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Lummus Technology and Next Wave Energy Partners LP announced the production of the world's first renewable alkylate. This renewable alkylate, derived from ethanol, is a biobased, low carbon intensity fuel blending component.

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Comstock Inc. has announced the execution of an exclusive license agreement and cooperative research and development agreement with NREL involving technologies developed by NREL and MIT for conversion of lignocellulosic biomass into SAF.

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The government of Illinois on Sept. 30 announced Crysalis Biosciences Inc. will receive incentives under the state’s REV Illinois program to support its SAF project under development in Sauget, a suburb of St. Louis, Missouri.

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Downey Ridge Environmental Co. (Greasezilla) and bp on Oct. 1 announced a groundbreaking agreement that will enable the capture and extraction of brown grease waste as a feedstock for biofuel production.

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U.S. ethanol capacity expanded in July, while renewable diesel capacity fell and biodiesel capacity held steady, according to data released by the EIA on Sept. 30. Feedstock consumption was up when compared to both the previous month and July 2023.

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OPAL Fuels Inc. on Sept. 26 announced the opening of its third fueling station in El Centro, California, with GT Carriers Inc., a Southern California regional freight carrier. The station is expected to begin operations in December.

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CM Biomass announces that, after mutual agreement, Morten Buchgreitz has stepped down from his role as CEO of CM Biomass. Ask Michael Munck, chief financial officer of CM Biomass, will assume the role of acting CEO.

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