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Novozymes reports 32% increase in bioenergy sales in Q3

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By Erin Krueger

November 03, 2022

Business 

Novozymes released Q3 financial results on Nov. 3, reporting that bioenergy sales were up 32 percent for the three-month period and 26 percent for the first nine months of the year. Overall sales were up 6 percent for the quarter.

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Representatives of the biofuels industry are slamming a report on the Renewable Fuel Standard's small refinery exemption (SRE) program released by the U.S. Government Accountability Office on Nov. 3, calling the report shoddy and obsolete.

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The Drive Clean Initiative and Next Generation Fuels Act are simultaneously finding support in the ethanol industry. Both aim to usher in higher blends of ethanol, but via different mechanisms. One effort rides on low-carbon, the other high octane.

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OPINION: E15 retailer reports customer interest, satisfaction

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By Cassie Mullen, director of market development, Renewable Fuels Association

November 02, 2022

RFA Director of Market Development Cassie Mullen and Sheetz Sentior Petroleum Scheduler Joshua Jadlocki discuss what the fuel retailer has experienced with its adoption of higher level ethanol blends, including E15.

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British Airways, LanzaJet and Nova Pangaea Technologies have signed an agreement that will accelerate their ground-breaking Project Speedbird initiative to develop cost-effective sustainable aviation fuel (SAF) for commercial use in the U.K.

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Biofuel, ag groups praise EPA's decision to reverse SREs

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By Growth Energy, Renewable Fuels Association and American Coalition for Ethanol

November 02, 2022

Growth Energy, RFA, ACE and NFU on Nov. 1 filed a motion to intervene in the D.C. Circuit Court of Appeals in support of the U.S. EPA's decision to deny 69 petitions from refineries seeking small refinery exemptions (SREs) under the RFS.

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The Andersons Inc. on Nov. 1 reported a profitable third quarter for its renewables segment despite declining ethanol margins and planned maintenance shutdowns. Further margin declines, however, are expected during the fourth quarter.

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U.S. fuel ethanol production was up nearly 1 percent the week ending Oct. 28, according to data released by the U.S. Energy Information Administration on Nov. 2. Weekly ending stocks of fuel ethanol were down slightly.

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CIE announced on Oct. 31 it acquired the assets of Elkhorn Valley Ethanol from Louis Dreyfus Co. The facility is a premier ICM designed, Fagen constructed dry mill ethanol plant that began operations in 2006.

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The International Energy Agency on Oct. 27 released its World Energy Outlook 2022. The report, in part, predicts global biofuel consumption could more than double by 2030 and continue to increase through 2050.

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More than 1.3 million metric tons (80 million bushels of corn equivalent), equating to about $700 million dollars, were recently transacted and negotiated at the 2022 Southeast Asia U.S. Agricultural Co-operators Conference in Bangkok, Thailand.

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Total U.S. operable biofuels production capacity was down slightly in August, according to data released by the U.S. EIA on Oct. 31. Feedstock consumption for August was down when compared to the previous month, but up when compared to August 2021.

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LanzaTech has partnered on a next-generation bioreactor demonstration facility at the City of Edmonton's Waste Management Centre that is expected to improve the economic viability of an integrated biorefinery. The demo facility is operated by Suncor.

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Negotiators from the European Parliament, Council and Commission have provisionally agreed to a plan that targets the phase out the internal combustion engine by 2035. They did not, however, entirely dismiss the contribution of renewable fuels.

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The USDA will host a virtual listening session on Nov. 3 that focuses on Section 22003 of the Inflation Reduction Act, which provides $500 million in biofuels infrastructure funding. A 30-day public comment period is also being opened.

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Woodside Energy and LanzaTech NZ Inc. have announced a strategic collaboration with the signing of a strategic framework agreement. Under the agreement, the companies could collaborate to develop pilot facilities related to LanzaTech's technologies.

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Summit Carbon Solutions has submitted an application to the North Dakota Public Service Commission for the transportation component of its CCS project. The company said it will file separate storage facility permit applications at a later date.

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The USDA recently released its Grain Crushings and Co-Products Production report for October, reporting that corn use for fuel ethanol production in August was down when compared to the previous month, but up when compared to August. 2021.

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In late September, U.S. Grains Council ethanol staff traveled to Asunción, Paraguay, to take part in the ninth Bioenergy Week of the Global Bioenergy Partnership (GBEP). During the event, the USGC discussed ethanol and its benefits.

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NextChem has kicked off the engineering phase of its Hydrogen Valley waste-to-chemical project in Italy. LanzaTech was awarded a contract to deliver a process design package for a syngas fermentation unit to produce ethanol at the facility.

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U.S. fuel ethanol production expanded by nearly 2 percent the week ending Oct. 21, according to data released by the U.S. Energy Information Administration on Oct. 26. Weekly ending stocks of fuel ethanol were also up 2 percent.

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Gevo Inc. has announced new fuel sales agreement with Qatar Airways for the purchase of 5 million gallons per year of sustainable aviation fuel (SAF) for five years from Gevo's future commercial operations.

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Valero Energy Corp. released Q3 financial results on Oct. 25, reporting both its renewable diesel and ethanol operations were profitable during the quarter. The company also said additional renewable diesel capacity will be online next month.

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Archer Daniels Midland Co. released third quarter financial results on Oct. 25, reporting significantly higher results for its Carbohydrate Solutions business segment despite reduced ethanol margins.

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On Oct. 19, 2022, the U.S. EPA approved the continuation of ground-breaking research being done in Nebraska on the long-term adaptability and feasibility of E30 fuel. The initial E30 pilot program was launched in 2019.

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Growth Energy recently submitted comments to the Washington Department of Ecology and Oregon Department of Environmental Quality in response to the states' proposals to follow California's Advanced Clean Cars II regulation.

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The U.S. EPA on Oct. 20 released updated small refinery exemption (SRE) data, reporting that one new SRE petition was filed under the Renewable Fuel Standard during the past month. According to the agency, five SRE petitions are now pending.

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The U.S. EPA has released data showing that 1.72 billion renewable identification numbers (RINs) were generated under the RFS in September, up from 1.62 billion generated during the same month of last year.

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The dualities of climate are hard. But rather than exist as opposites, they can work together. At COP27 and beyond, regulators should reach for the possible while leaning into the practical.

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The Inflation Reduction Act provides substantially enhanced benefits to U.S. carbon capture, utilization and sequestration projects. It should be ample incentive for developers to get more dirt moving.

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