SOURCE: U.S. Energy Information Administration
July 9, 2024
BY Erin Voegele
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The U.S. EPA on June 18 announced 1.75 billion RINs were generated under the RFS in May, down from 2.07 billion that were generated during the same period of last year. Total RIN generation for the first five months of 2025 reached 9.06 billion.
Blue Biofuels has annoucned the issuance of a new U.S. patent, further strengthening the company’s expanding intellectual property portfolio. This latest patent brings the company’s total number of granted patents to seven.
The Senate Finance Committee on June 17 released legislation that extends the 45Z credit but proposes changes that would cut the value of the credit by 20% for fuels made from imported feedstocks and alter the value of the credit for SAF.
The California Assembly on May 23 voted 71 to zero in favor of a bill that aims to expedite the development of up to three SAF projects by allowing the governor to streamline legal challenges resulting from certain environmental review procedures.
The USDA maintained its forecast for 2025-’26 corn use in ethanol production in its latest World Agricultural Supply and Demand Estimates report, released June12. The outlook for season-average corn prices was also unchanged.