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Continuum Ag, Siouxland Energy Cooperative collaborate to explore 45Z tax credits

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By Continuum Ag

a day ago

FeedstocksBusiness

Siouxland Energy Cooperative of Sioux Center, Iowa, and Continuum Ag of Washington, Iowa, have announced an agreement to provide farmers a path to receive potential premiums associated with carbon intensity (CI) certified grain.

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NordFuel has selected Chempolis as a technology provider for its next generation bioproduct factory in Haapavesi, Finland. The facility will produce biofuels and bioproducts, including ethanol, biogas and lignin.

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Blue Biofuels Inc. announced it has successfully producing its first batch of cellulosic ethanol, utilizing the cellulosic sugars created from biomass on its CTS pilot line. The company has also embarked on a funding process for SAF capacity with Vertimass.

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Green Plains Inc. has begun commissioning of the York, Nebraska, demonstration facility combining Fluid Quip Technologies’ precision separation and processing technology (MSC) with Shell Fiber Conversion Technology (SFCT).

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Iowa Attorney General Brenna Bird on March 19 announced she would drop the state’s E15 lawsuit against the U.S. EPA following the agency’s promulgation of a final rule to allow year-round E15 sales in eight Midwestern states, including Iowa.

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The U.S. Department of Energy’s Office of Fossil Energy and Carbon Management in March issued a notice of intent (NOI) to launch a Voluntary Carbon Dioxide Removal Purchasing (CO2RP) Challenge.

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CapturePoint LLC announced on March 18 that it has closed on a private Section 45Q direct transfer tax credit transaction for carbon dioxide (CO2) captured at the company’s Arkalon facility near Liberal, Kansas.

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U.S. Grains Council staff recently traveled to Maputo, Mozambique and met with high-ranking government officials from the U.S. and Mozambique to discuss the country’s intention to implement a 10 percent ethanol fuel blend by August.

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The U.S. EPA on March 21 released updated RIN data, reporting that nearly 2.02 billion RINs were generated under the RFS in February, up from 1.91 billion generated the previous month and 1.76 billion generated in February of last year.

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The U.S. EPA released updated SRE data on March 21, reporting that one new SRE petition has been filed under the RFS in the past month. A total of 36 SRE petitions are now pending, up from 35 that were pending as of mid-February.

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Aemetis Inc. has announced approval by USCIS for $200 million of EB-5 program investment for the Riverbank SAF production plant, the dairy RNG project, the carbon sequestration project, and energy efficiency upgrades to the Keyes ethanol plant.

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U.S. fuel ethanol production was up 2% the week ending March 15, according to data released by the U.S. Energy Information Administration on March 20. Ethanol stocks were up nearly 1% and exports were up more than 8%.

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President Joe Biden, Agriculture Secretary Tom Vilsack and U.S. EPA Administrator Michael Regan on March 19 recognized National Agriculture Day by honoring the farmers and ranchers who produce our nation’s food, feed, fuel and fiber.

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The Michigan Senate Committee on Energy and Environment on March 14 held a hearing to consider legislation introduced last year that aims to create a tax credit to support the purchase of sustainable aviation fuel (SAF).

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Growth Energy CEO Emily Skor on March 18 joined global biofuel industry leaders on a panel at S&P Global’s CERAWeek to discuss the changing biofuels supply chain and the role that ethanol will have in further decarbonizing the transportation sector.

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New Energy Blue on March 18 announced the formation of New Energy Chemicals. In phase one, the biochemical subsidiary will produce biobased ethylene for use in Dow’s renewable plastics. In phase two, the subsidiary will expand to SAF production.

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Ethanol Producer Magazine announced this week the preliminary agenda for the 2024 International Fuel Ethanol Workshop & Expo (FEW) taking place June 10-12, 2024 at the Minneapolis Convention Center in Minneapolis, Minnesota.

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Alto Ingredients Inc. announced on March 11 that it has entered into an exclusive nonbinding letter of intent and is nearing the execution of definitive agreements to develop CCS project with Vault 44.0 at Alto’s Pekin campus in Pekin, Illinois.

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At the Commodity Classic in Houston, USGC staff members and leadership highlighted USGC programming being conducted to increase exports and build on the organization’s mission of developing markets, enabling trade and improving lives.

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The record use of lower-cost E85 in California saved the state’s drivers $99 million in 2023, while cutting greenhouse gas emissions by nearly 370,000 metric tons, a new analysis from the Renewable Fuels Association shows.

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The USGC in February convened U.S. and Mozambican government officials, industry professionals and others to discuss the benefits and challenges of using ethanol biofuel to meet the country’s clean energy goals in both cooking and transportation.

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The latest issue of Ethanol Producer Magazine focuses on feed and coproducts, including DDGS pelleting, condensed distillers solubles, and distillers corn oil.

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The U.S. Energy Information Administration increased its forecasts for 2024 and 2025 fuel ethanol production in its latest Short-Term Energy Outlook, released March 12. The forecast for 2024 fuel ethanol blending was also revised up.

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Archer Daniels Midland Co. on March 12 released fourth quarter financial results, reporting improved results for its Carbohydrate Solutions segment, supported strong demand for ethanol exports and higher ethanol production.

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Despite volatile ethanol margins during the second half of 2023, Alto Ingredients Inc. President and CEO Bryan McGregor reported that both the company’s Q4 and full year 2023 financial results significantly outperformed the same periods of 2022.

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Aemetis Inc. released fourth quarter financial results on March 7, reporting the company achieved important milestones in its biodiesel, RNG, ethanol, SAF and carbon capture business segments last year.

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Gevo Inc. has reported that efforts are continuing to secure a U.S. DOE loan guarantee to support the construction of its proposed SAF facility. Gevo also reported that its RNG project in Iowa operated at 91% capacity during Q4.

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By creating optimal conditions to maximize corn oil output, Fluid Quip Technologies’ pretreatment system gives ethanol producers an unfussy method to maximize production.

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USDA on March 8 celebrated the second annual National Biobased Products Day, a celebration to raise public awareness of biobased products, their benefits and their contributions to the U.S. economy and rural communities.

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The U.S. exported 149.97 million gallons of ethanol and 902,376 metric tons of distillers grains in January, according to data released by the USDA FAS on March 7. Exports of both products were up when compared to January 2023.

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