SOURCE: Business Wire
April 11, 2024
BY Farmers Edge
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A group of 25 trade organizations on May 15 sent a letter to Treasury Secretary Janet Yellen urging the agency to release guidance for the 45Z clean fuels production tax credit along with any necessary updated GREET models.
Aemetis Inc. released Q1 results on May 9, reporting increased revenues. Company officials confirmed the company’s biodiesel, RNG and ethanol segments performed well during the quarter and provided an update of proposed SAF and CCS projects.
The USDA expanded its estimate for 2023-’24 corn use in ethanol to 5.45 billion bushels in its latest WASDE report, released May 10. The agency currently expects the volume of corn that goes to ethanol production to remain at that level for 2024-’25.
On its path to opening a facility designed to turn agriculture residue into a scalable biofuel business, SAFFiRE Renewables LLC plans to break ground on its pilot plant near Liberal, Kansas, in late 2024.
LanzaTech Global Inc. on May 9 announced that that LanzaJet’s 10 MMgy ethanol-to-sustainable aviation fuel (SAF) plant in Soperton, Georgia, in on track to begin producing fuel during the second quarter.