November 7, 2012
BY Erin Voegele
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CARB on Nov. 8 approved updates to its LCFS that aim to reduce the CI of the state’s transportation fuel by 30% by 2030. The updates also alter how a variety of biofuels, including biobased diesel and RNG, participate in the program.
Gevo Inc. released Q3 financial results on Nov. 7, discussing the impact of the conditional commitment for its DOE loan guarantee and confirming the company’s acquisition of Red Trail Energy remains on track to close in early 2025.
Among the current primary focus areas for the U.S. Grains Council are sustainable aviation fuel, building and expanding global markets and encouraging parallels between U.S. carbon programs and others around the world.
Alto Ingredients Inc. on Nov. 6 released Q3 financial results, announcing an agreement with Vault 44.01 related to a CCS project in Illinois and indicating the company is considering idling its Idaho ethanol plant in response to falling margins.
U.S. fuel ethanol exporters are on track to export a record amount of the fuel in 2024. The increase in exports this year has largely been driven by demand in countries with biofuel blending mandates and cheaper-than-usual U.S. fuel ethanol prices.