March 9, 2023
BY Erin Voegele
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Novonesis, formerly Novozymes, released third quarter financial results on Nov. 7, reporting company-wide sales growth of 11%. The company’s Agriculture, Energy & Tech segment reported 12% growth supported by strong ethanol production volumes.
Blue Biofuels has officially contracted with Global Management Partners to produce Front-End Loading (FEL-2) level engineering plans for a production facility capable of producing 3 million gallons of biofuel per year from cellulosic biomass.
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.