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Gevo releases operational update, outlines 2024 expectations

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By Erin Krueger

January 31, 2024

Business Biogas Sustainable Aviation Fuels 

Gevo Inc. on Jan. 24 released a business update indicating that the company’s proposed SAF project in South Dakota, Net-Zero 1, remains in the due diligence phase of the U.S. Department of Energy’s loan guarantee program.

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Cathay on Jan. 29 welcomed the successful launch of the Hong Kong SAF Coalition as its co-initiator. The coalition is convened and chaired by Business Environment Council, along with 13 founding partners from the SAF value chain.

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The USDA Rural Business Cooperative Service on Jan. 24 published proposed rule that aims to update the agency’s Biobased Markets (Biopreferred) Program. A public comment period on the proposed rule is open through March 25.

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Valero Energy Corp. released Q4 financial results on Jan. 25, reporting an increase in renewable diesel production volumes despite lower margins. The SAF project under development in Texas remains on schedule for completion next year.

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Honeywell announced that Acelen Renewables has selected its Ecofining technology to help support the efficient production of a targeted 20,000 barrels per day SAF and renewable diesel at its facility in Bahia, Brazil.

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Praj on Jan. 20 inaugurated its sustainable aviation fuel (SAF) demonstration plant at its research and development center in Pune, India. The plant utilizes a propriety SAF production technology developed by the company.

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Global renewable energy company Drax Group plc has announced that it plans to establish a new independent business unit that will focus on becoming the global leader in delivering large-scale and high-integrity carbon removals.

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Ryanair, Europe’s no.1 airline, and Enilive, a company directly controlled by Eni, announced on Jan. 22 that they have signed a letter of intent (LOI) for the long-term supply of Enilive SAF at selected Ryanair airports across Italy.

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LanzaJet on Jan. 24 celebrated the grand opening of its ethanol-to-SAF biorefinery. The LanzaJet Freedom Pines Fuels facility, located in Soperton, Georgia, has the capacity to produce 10 MMgy of advanced biofuels,

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Sugar Valley Energy, a new 160-acre bioenergy campus under development by California Ethanol + Power in California’s Imperial Valley, intends to produce up to 61 MMgy sustainable aviation fuel (SAF) for the airline industry.

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Approved Oil Co. has announced the successful performance of its renewable diesel in NYC’s recent frigid temperatures. The performance of the fuel shows it is more than capable of meeting the demands of the most extreme climates.

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Aemetis Inc., an RNG and renewable fuels company focused on negative carbon intensity products, announced on Jan. 23 the recognition of revenues from its first sale of California LCFS credits generated by its subsidiary, Aemetis Biogas LLC.

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SAF Magazine, in collaboration with CAAFI, has announced the addition of an extra day to the 2024 North American SAF Conference & Expo. The event will now take place Sept. 11-13, 2024, in St. Paul, Minnesota, at the St. Paul RiverCentre.

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Topsoe on Jan. 23 announced it has signed a licensing and engineering agreement with Preem to provide its HydroFlex technology for renewable diesel and SAF production to Preem’s refinery conversion project in Lysekil, Sweden.

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Blue Biofuels Inc. and Vertimass LLC have formed VertiBlue Fuels LLC to employ Vertimass’ proprietary CADO technology to produce SAF and renewable propane and butane (rLPG) as coproducts from ethanol.

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Sumitomo Corp. Europe Ltd. (SCEU) and Inherit Carbon Solutions AS jointly announce that Sumitomo Corp. has made a strategic investment in Inherit, a pioneer in biomass-derived carbon dioxide removal (CDR).

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Lallemand Biofuels & Distilled Spirits on Jan. 23 announced a partnership with Braskem to jointly develop renewable chemicals. The two companies will first explore products for the solvents segment.

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SAF now available at Long Beach Airport

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By City of Long Beach, California

January 23, 2024

Long Beach Airport has announced the availability of sustainable aviation fuel (SAF) for use by general aviation jets. This eco-friendly alternative is now offered through Atlantic Aviation, one of two fixed-base operators at the airport.

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EIA expects average US gasoline and diesel prices to decrease in 2024, 2025

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By U.S. Energy Information Administration

January 19, 2024

The U.S. EIA expects average U.S. retail gasoline prices to decrease in 2024 because of increased inventories related to increased refinery capacity. In 2025, slightly reduced gasoline consumption is expected to further decrease prices.

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The U.S. EPA published updated renewable identification number (RIN) data on Jan. 18, reporting that nearly 23.75 billion RINs were generated under the Renewable Fuel Standard in 2023, up from 21.35 billion RINs generated in 2022.

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The U.S. EPA on Jan. 18 released updated small refinery exemption (SRE) data, reporting that eight new SRE petitions have been filed under the Renewable Fuel Standard in the past month. A total of 15 SRE petitions are now pending.

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American Biogas Council announces board election results

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By American Biogas Council

January 19, 2024

The American Biogas Council announced on Jan. 17 the results of its annual board election. Nathalie Hoffman, Brian Langolf, Charles Love, Bernard Sheff and Mark Stoermann were re-elected. Newy elected Shannon Baucom also joins the board.

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The Canada Infrastructure Bank on Jan. 17 announced it will provide Azure Sustainable Fuels Corp. with C$8.4 million to support a front-end engineering and design (FEED) study for sustainable aviation fuel (SAF) production in Canada.

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Ag-Grid Energy LLC has begun operations at its anaerobic digester at Lent Hill Dairy Farm in Cohocton, New York. A partnership between Ag-Grid and Lent Hill, the digester is Ag-Grid Energy’s fifth operating waste-to-energy facility.

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The U.K. government on Jan. 16 approved plans for Drax Power Ltd.’s proposed bioenergy with carbon capture and storage (BECCS) project that will capture carbon dioxide emissions from up to two existing biomass units at Drax Power Station.

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Cathay announced that cargo customers Dimerco Express Group and Yusen Logistics and non-governmental organization (NGO) partner Business Environment Council have joined its Corporate Sustainable Aviation Fuel Program.

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Legislation introduced in the New Mexico House of Representatives on Jan. 3 aims to establish a technology-neutral clean transportation fuel standard that would reduce the carbon intensity of transportation fuels by at least 30 percent by 2040.

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The International Energy Agency released a new report on Jan. 11, Renewables 2023, predicting that global biofuel demand will expand by 38 billion liters (10.4 billion gallons) between 2023 and 2028.

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The U.S. Department of Commerce’s International Trade Administration has announced its Renewable Energy and Energy Efficiency Advisory Committee will hold an in-person meeting on Jan. 25 in Washington, D.C.

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Clean Energy Fuels Corp. announced that it has completed a new RNG production facility at Drumgoon Dairy in Lake Norden, South Dakota. The 6,500-cow dairy farm is expected to supply 1.66 million gallons of negative carbon-intensity RNG annually.

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