BY Erin VoegeleFound In:Operations, Coproducts, Business, PolicyThe U.S. Department of Energy on Jan. 26 awarded $118 million to 17 projects to accelerate the production of sustainable biofuels for America’s transportation and manufacturing needs. The projects were selected under a FOA issued in mid-2022. READ MORE
BY Erin VoegeleFound In:Operations, BusinessArcher Daniel Midlands Co. released fourth quarter financial results on Jan. 26, reporting that the company’s ethanol-related business segments were negatively impacted by low ethanol margins and high inventory levels.
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BY Erin VoegeleFound In:Operations, BusinessValero Energy Corp. sold a record volume of renewable diesel during the fourth quarter of 2022 thanks to the November startup of the Diamond Green Diesel biorefinery in Port Arthur, Texas. Ethanol production for the three-month period was down.
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BY Erin VoegeleFound In:Operations, BusinessU.S. fuel ethanol production was up slightly the week ending Jan. 20, according to data released by the U.S. Energy Information Administration on Jan. 25. Weekly ending stocks of fuel ethanol expanded by more than 7 percent.
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BY Green Impact Partners Inc. Found In:Operations, Feedstocks, Coproducts, BusinessGreen Impact Partners announced that the Future Energy Park has received final land use approval from the City of Calgary municipal council. The project will convert non-food grade waste wheat into RNG and ethanol. READ MORE
BY Erin VoegeleFound In:Operations, Markets, Feedstocks, BusinessBiofuel consumption in Australia remained low in 2022. Despite new fuel standards introduced for gasoline on Jan. 1, 2022, the ethanol blend rate did not increase, according to a report filed with the USDA. Biodiesel consumption is also very low. READ MORE
BY Erin VoegeleFound In:Operations, Coproducts, BusinessGevo Inc. currently expects to make a final investment decision on its Net Zero 1 (NZ1) project during the second half of this year, according a company and project update released Jan. 19. The project remains on schedule for startup in 2025.
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BY Erin VoegeleFound In:Operations, BusinessU.S. fuel ethanol production was up 7 percent the week ending Jan. 13, surpassing 1 million barrels per day for the first time in a month, according to data released by the U.S. EIA on Jan. 19. Stocks of fuel ethanol were down 2 percent. READ MORE
BY Erin VoegeleFound In:Operations, Feedstocks, Cellulosic, Business, PolicyThe U.S. EPA has announced 1.89 billion RINs were generated under the RFS in December, down from 2.02 billion generated in December 2021. Total RIN generation for 2022 reached nearly 21.27 billion, up from 19.93 billion generated in 2021. READ MORE
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