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EIA: Biofuel capacity down slightly in December, feedstock consumption up significantly

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By Erin Voegele

21 hours ago

FeedstocksBusinessOperations

Total U.S. operable biofuels production capacity fell slightly in December, according to data released by the U.S. Energy Information Administration. Total feedstock consumption was up when compared to both the previous month and December 2022.

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Data released on Feb. 29 by the EIA show that U.S. ethanol production and consumption rose nearly 2% in 2023 to reach their highest levels since 2019, while the blend rate hit a record 10.39%

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Sugar Valley Energy, a new 160-acre bioenergy campus planned in California’s Imperial Valley has added New York-based TerraNova Capital Equities, Inc. to its finance team to lead marketing and placement of equity capital for the $1 billion project.

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U.S. fuel ethanol production was down less than 1% the week ending Feb. 23, according to data released by the U.S. EIA on Feb.28. Ethanol stocks were up 2%, reaching the highest level since March 2023, and exports were down 55%.

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Southwest Airlines Co. has launched Southwest Airlines Renewable Ventures, a wholly-owned subsidiary dedicated to creating more opportunities to obtain scalable SAF. The carrier also announced a $30 million investment in LanzaJet Inc.

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EIA: D4, D6 RIN prices decline 45% from start of year

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By U.S. Energy Information Administration

February 29, 2024

The price of compliance credits for biomass-based diesel and ethanol has decreased about 45% since the start of the year, when prices were already the lowest in about three years, according to the U.S. Energy Information Administration.

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The U.S. Department of Energy and the U.S. EPA on Feb. 22 released a funding opportunity announcement (FOA), entitled, “Inflation Reduction Act Funding for Advanced Biofuels,” for up to $9.4 million for the development of advanced biofuels.

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The U.S. Grains Council’s Latin America office recently collaborated with several other groups to organize the “Sustainable Mobility: Opportunities of Ethanol in Guatemala” conference in Guatemala City.

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Aemetis Inc., an RNG and renewable fuels company focused on negative carbon intensity products, has announced an updated five-year plan that projects the company will generate $1.95 billion in revenues and $645 million of adjusted EBITDA in 2028.

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A study by the University of Minnesota Extension shows the ethanol industry contributed $2.5 billion to Minnesota’s GDP in 2023. The industry produced 1.35 billion gallons of ethanol, which in turn resulted in $6.6 billion of economic activity.

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Novonesis, formerly Novozymes, has introduced new yeast technology— Innova Delta, which allows plants using non-GM yeasts to achieve operational performance on par with their global peers using the most advanced GM yeasts.

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U.S. fuel ethanol production was up slightly the week ending Feb. 16, according to data released by the U.S. Energy Information Administration on Feb. 22. Ethanol stocks were down more than 1% and exports were up nearly 59%

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Raízen, an integrated energy company, and Wärtsilä, the global leader in power system technologies for marine and energy markets, signed a decarbonization agreement in order to advance decarbonization of the marine sector.

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The Andersons Inc. released fourth quarter results on Feb. 20, reporting that the company’s four ethanol plants achieved record production for the three-month period. The Renewables segment also reported record pretax income.

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At the National Ethanol Conference in San Diego, the Renewable Fuels Association presented its 2024 Award of Excellence to Dr. Michael Wang, an Argonne National Laboratory distinguished fellow and senior scientist.

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European renewable ethanol producers have launched a new legal challenge, now directed to the EU’s RefuelEU Aviation Regulation, charging that it improperly excludes crop-based biofuels from the effort to reduce GHG emissions from air transport.

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South Dakota Gov. Kristi Noem on Feb. 15 signed legislation that allows fuel retailers within the state to claim a fuel tax refund of up to 5 cents per gallon of E15 sold. The tax refund can be claimed for calendar years 2025 through 2029.

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At the National Ethanol Conference in San Diego, Renewable Fuels Association President and CEO Geoff Cooper told nearly 1,000 attendees that 2024 will be “one of the most pivotal and consequential years the ethanol industry has ever experienced.”

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At the National Ethanol Conference in San Diego, the RFA presented its 2024 Industry Award to U.S. Agriculture Secretary Tom Vilsack, in recognition of his many years championing renewable fuels both in Washington and at home in Iowa.

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Growth Energy on Feb. 20 submitted comments to CARB regarding the board’s proposed changes to California’s LCFS, noting that the proposed changes ignore plant-based fuel options that could immediately help the state reach its climate goals.

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In comments submitted to CARB on proposed amendments to that state’s LCFS, the RFA expressed concerns about a previously undiscussed sustainability certification program and the state’s continued delay in allowing sales of E15.

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ACE comments on CARB 2024 proposed amendments to LCFS

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By American Coalition for Ethanol

February 21, 2024

ACE has submitted comments to CARB regarding its 2024 proposed amendments to the LCFS. The comments focused on proposed “sustainability criteria” for crop-based biofuels, the need to approve E15 in California and the importance of E85 and FFVs.

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ACE elects 2024 executive committee

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By American Coalition for Ethanol

February 20, 2024

During its first quarter meeting, the American Coalition for Ethanol board of directors elected its executive committee for 2024.

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RFA welcomes 5 new associate members

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By Renewable Fuels Association

February 20, 2024

The Renewable Fuels Association on Feb. 14 welcomed Lucas E3, Aon Risk Services, Ocean Park, Cereal Process Technologies, and StormFisher Hydrogen as its newest associate members.

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RFA’s 2024 safety webinars focus on emergency response

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By Renewable Fuels Association

February 20, 2024

The RFA is hosting four “train the trainer” webinars in 2024 for emergency response professionals who are interested in learning how to train their colleagues and others on proper responses to emergencies involving ethanol.

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More than 1.89 billion renewable identification numbers (RINs) were generated under the Renewable Fuel Standard in January, up from 1.76 billion generated during the same month of 2023, according to a data released by the U.S. EPA on Feb. 15.

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The U.S. EPA has published updated SRE data, reporting that 35 SRE petitions are now pending, up from 15 that were pending as of mid-January. No new SRE petitions were filed, but 20 previously denied petitions are being reconsidered by the agency.

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Cardinal Colwich LLC, a wholly owned subsidiary of Cardinal Ethanol LLC, has completed the acquisition of Element LLC, a 70 MMgy corn ethanol plant located in Colwich, Kansas, that was previously owned by a JV of ICM Inc. and The Andersons Inc.

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The Renewable Fuels Association released its 2024 Ethanol Industry Outlook and Pocket Guide today as a kickoff to the 29th annual National Ethanol Conference, taking place this week in San Diego.

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As inflationary pressures eased and demand boomed for low-carbon ethanol and its co-products, the ethanol industry’s contribution to the U.S. economy remained strong in 2023, according to an annual economic impact analysis conducted by ABF Economics.

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