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Novozymes releases Q1 results, announces deal with St1 Biofuels

Novozymes

May 5, 2015

BY Erin Voegele

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US biofuels capacity, feedstock consumption up in July

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By Erin Voegele

October 02, 2023

BusinessFeedstocks

Operable biofuels production capacity in the U.S. expanded slightly in July, according to data released by the U.S. Energy Information Administration on Sept. 29. Feedstock consumption was up when compared to both the previous month and July 2022.

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The U.S. EPA in September published notices approving efficient producer pathways for two Texas-based ethanol plants operated by White Energy Inc. The approvals allow the company to generate RINs under the RFS for non-grandfathered volumes of ethanol.

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Aemetis Inc. closed the sale of $53 million of IRA investment tax credits generated by its subsidiary Aemetis Biogas LLC to a corporate purchaser on Sept. 29, 2023. The Section 48 investment tax credits were generated from biogas projects.

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U.S. fuel ethanol production was up 3 percent the week ending Sept. 22, according to data released by the U.S. Energy Information Administration on Sept. 27. Stocks of fuel ethanol were up nearly 2 percent and exports were down 29 percent.

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Badger State Ethanol is updating and expanding its grain processing facility to produce 90 MMgy of ethanol along with corn oil and CO2. As a result, surplus processing and support equipment will be sold via a timed online auction.

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