Neste Corp. on Oct. 24 released third quarter financial results, reporting that its renewables segment has been impacted by overcapacity and lower-than-expected voluntary demand for sustainable aviation fuel (SAF).
Valero Energy Corp. released Q3 financial results on Oct. 24, reporting increased production for both its ethanol and renewable diesel segments. Valero’s SAF project is expected to be fully operational before the end of the year.
Capacity to produce biofuels increased 7% in the United States during 2023, reaching 24 billion gallons per year (gal/y) at the start of 2024, led by a 44% increase in a category the EIA calls renewable diesel and other biofuels.
EPA: 1.99 billion RINs generated in September
October 18, 2024
More than 1.99 billion RINs were generated under the RFS in September, up from 1.96 billion generated during the same month of last year. Total RIN generation for the first nine months of the year reached 18.58 billion
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.
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.
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.
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.
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.
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.
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.
Japan Petroleum Exploration Co. Ltd. (JAPEX) in August announced that the 50-megawatt (MW) Ozu Biomass Power Plant has commenced commercial operations. The facility is fueled with wood pellets.
On Aug. 20, Archaea Energy, a subsidiary of bp, and Waste Connections Inc. celebrated the opening of their first renewable natural gas (RNG) plant in Pennsylvania. The facility can produce enough RNG to heat more than 14,000 homes annually.
Tidewater Renewables Ltd. on Aug. 15 reported that its biorefinery in Prince George, British Colombia, operated at near capacity during Q2. Work is progressing on a potential SAF project and the company is working to improve financial liquidity.
Plant efficiency is coming to the fore in maintaining and improving many legacy and recently developed pellet mills in the United States.
More than 2.24 billion RINs were generated under the RFS in July, up from 1.99 billion generated during the same period of last year. Total RIN generation for the first seven months of 2024 reached 14.42 billion.
Japan-based Renova Inc. on July 31 announced that the Tokushima Tsuda Biomass Power Plant has resumed operations. The 74.8-megawatt (MW) facility, located in Tokushima City, Japan, is fueled by wood pellets and palm kernel shells.
Calumet Inc. on Aug. 9 released Q2 financial results for Calumet Specialty Products Partners L.P., reporting the company’s Montana Renewables business achieved record SAF production of approximately 7 million gallons.
Vertex Energy Inc. on Aug. 8 announced it has ceased renewable diesel production at its refinery in Mobile, Alabama. The company is working to convert its hydrocracker back to conventional service and expects to be processing crude oil by Q4.
Clean Energy Fuels Corp. has completed its latest RNG production facility at Ash Grove Dairy in Lake Benton, Minnesota. The facility is now producing pipeline quality RNG and injecting it into the interstate natural gas pipeline grid.
Aemetis Inc., a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products that replace fossil fuels, on Aug. 1 announced Q2 2024 revenues were up 48% when compared to the same period of 2023.
PBF Energy Inc. on Aug. 1 announced that its St. Bernard Renewables facility produced approximately 16,500 barrels per day of renewable diesel during the Q2 2024. Like many renewable diesel producers, the company is also considering a pivot to SAF.
Verbio has commenced the commercial production of corn-based ethanol at its 60 MMgy biorefinery facility in Nevada, Iowa. The facility also has the capacity to produce 2.3 million MMbtu of RNG.
Phillips 66 on July 30 confirmed its Rodeo Renewable Energy Complex in California will begin producing sustainable aviation fuel (SAF) during the third quarter. The company also expects renewable diesel margins to improve later this year.
CVR Energy Inc. on July 29 reported that the renewable diesel unit at its Wynnewood refinery in Oklahoma processed nearly 12 million gallons of feedstock during Q2. The company continues to consider a pivot to SAF production.
Neste Corp. on July 25 released second quarter results, reporting that operational performance at the company’s facilities was solid during the three-month period despite a very challenging market environment for renewables.
Valero Energy Corp. released Q2 financial results on July 25, reporting strong performance for both its ethanol and renewable diesel segments. The company’s SAF project in Texas remains on track to begin operations later this year.
Amp Americas on July 22 announced the completion of a project that converts dairy waste into RNG at Darlington Ridge Farms in Darlington, Wisconsin. The facility is the latest of Amp Americas’ 12 operating digesters.
Gevo Inc. announced on July 15 that its renewable natural gas (RNG) business achieved an annualized production rate of approximately 402,000 MMBtu in May, exceeding the previous record, which was set in March.
Japan-based Renova Inc. on July 8 announced that startup of its 75-megawatt (MW) Omaezakikou Biomass Power Plant will face additional delays. The facility is now expected to begin operations in October.
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