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BP to acquire full ownership of BP Bunge Bioenergia, pause development of 2 proposed SAF and renewable diesel projects

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By Erin Voegele

June 21, 2024

Advanced Biofuels Sustainable Aviation Fuels Business 

BP on June 20 announced an agreement to acquire Bunge’s 50% interest in its BP Bunge Bioenergia S.A. JV. The company also said it is scaling back plans for the development of new SAF and renewable diesel projects at its existing sites.

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The U.S. EPA released updated RIN data on June 20, reporting that nearly 2.01 billion RINs were generated under the RFS during May, down from 2.11 billion generated during the same period of last year.

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The U.S. EPA released updated small refinery exemption (SRE) data on June 20, reporting that one new SRE petition has been filed under the RFS in the past month. A total of 39 SRE petitions are now pending.

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Clean Energy Fuels Corp. has announced a series of new deals with several municipalities across the country. These agreements represent a collective growing demand within city agencies for more sustainable, low-carbon solutions for their operations.

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Treasury and the IRS on June 18 released final rules implementing the wage and apprenticeship standard provisions of clean energy tax credits created by the IRA, including the 45Z clean fuels production tax credit.

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SAF Magazine and the Commercial Aviation Alternative Fuels Initiative announced the preliminary agenda for the North American SAF Conference and Expo, being held Sept. 11-13 at the Saint Paul RiverCentre in St. Paul, Minnesota.

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Valmet has announced it has been selected to supply a 50-megawatt (MW) pellet-fired heating plant to a district heating facility in Mölndal, Sweden. The new heating plant is expected to begin operations in late 2026.

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Aymium has closed $210 million of financing to construct a biocarbon production facility in Williams, California. The facility will support the first large-scale continuous use of advanced biocarbon to replace coal in power generation in the world.

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Pitch Day at the 2024 North American SAF Conference & Expo, taking place Sept. 11-13 at the Saint Paul RiverCentre in Saint Paul, Minnesota, has been selected as a regional host for the Startup World Cup.

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Chevron Lummus Global’s ISOTERRA technology has been selected for a SAF project in China. CLG will provide the technology license, engineering services, and supply proprietary equipment and catalysts for this first-of-its-kind facility.

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Report: US industrial bioeconomy supports nearly 644,000 jobs

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By Association of Equipment Manufacturers

June 14, 2024

Biomanufacturing advocates have released new report that shows the U.S. industrial bioeconomy supported nearly 644,000 domestic jobs, contributed $210 billion to the U.S. GDP, and drove $49 billion in wages last year.

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Sevana Bioenergy on June 10 announced the acquisition of the Rialto Bioenergy Facility, a renewable natural gas (RNG) plant located in Rialto, California. The facility, previously owned by a subsidiary of Anaergia Inc., was purchased via a bankruptcy auction.

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The U.S. EPA on May 22 announced it has approved a RFS pathway for BP’s Cherry Point refinery in Blaine, Washington, that will allow the facility to generate D5 advanced biofuel RINs for renewable diesel produced via the coprocessing of carinata oil.

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Archaea Energy, a subsidiary of bp, and Republic Services on June 13 celebrated the first RNG plant in the companies’ Lightning Renewables joint venture. The facility, located in Fort Wayne, Indiana, is expected come online this summer.

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Comstock Inc. on June 10 announced advances on amended agreements with RenFuel K2B AB \ involving the development of RenFuel’s pre-existing, planned biorefinery project at a pulp and paper mill in Sweden.

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The SkyNRG Sustainable Aviation Fuel Market Outlook covers the current state and trends of the SAF market in the EU and U.K., the U.S. and rest of the world by assessing announcements of SAF projects and mapping out the capacity until 2050.

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Romania-based oil company OMV Petrom on June 11 announced it will move forward with plans to convert its Petrobrazi refinery in Brazi, Romina, to produce renewable diesel and sustainable aviation fuel (SAF).

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Drax Group was recognized with a BritishAmerican Business Transatlantic Growth Award in the Midsize Growth and Investments category. Drax received the award for its plans to deploy and develop BECCS projects the U.S.

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LoCI Controls, the leader in real-time data and control technology to increase methane capture and reduce emissions from landfills, has announced its carbon credits now meet ICVCM standards through approved ACR methodologies.

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Carbon Clean and AGRA Industries have signed an MOU to provide Carbon Clean’s semi-modular CaptureX technology to companies in agriculture-related sectors, including the production of biofuel, ethanol and sustainable aviation fuel (SAF).

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Reps. Sharice Davids, D-Kan., and Dusty Johnson, R-S.D., on June 10 launched the Congressional Sustainable Aviation Caucus, which aims to keep lawmakers informed on initiatives to improve aviation sustainability, including those related to SAF.

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The government of Quebec has awarded a three-year $1.15 million grant to the Consortium for Research and Innovation in Industrial Bioprocesses in Quebec (CRIBIQ), which will use that funding to provide financial assistance to bioenergy projects.

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Clean Energy Fuels Corp. on June 4 announced it has significantly increased its renewable natural gas (RNG) fueling footprint in Southern California with the opening of two additional stations in San Bernadino and Perris.

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Nexus PMG, a global leader in low-carbon infrastructure, advisory, development and investment, has invested in Saola Energy, a provider of advanced technology and engineering solutions for manufacturers in the renewable fuels industry.

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The International Air Transport Association announced that its projections for a tripling of sustainable aviation fuels (SAF) production in 2024 to 1.9 billion liters (1.5 million metric tons) are on track.

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GreenGasUSA and Darling Ingredients Inc. are partnering to produce renewable natural gas (RNG) and capture CO2 from the wastewater streams at Darling’s facilities in the U.S. The collaboration will reduce GHG emissions at Darling’s facilities.

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Hydrosome Labs has announced a new technology to improve precision fermentation, a process that involves the customization of yeast and/or bacteria to produce specific molecules for use in a wide variety of applications, including biofuels.

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Haffner Energy has announced its proposed sustainable aviation fuel (SAF) project under development at Paris-Vatry airport will be developed with leading alcohol-to-jet (ATF) technology provider LanzaJet.

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Global mining group Rio Tinto on June 4 announced plans to develop a R&D facility in Western Australia that will use biomass and microwave energy to assess the effectiveness of its low-carbon ironmaking process, referred to as BioIron.

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The U.S. EPA is seeking nominations for a diverse range of qualified candidates to be considered for appointment to its Mobile Sources Technical Review Subcommittee, including those with experience in the biofuels and agriculture industries.

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