SOURCE: U.S. Department of Energy
February 13, 2024
BY U.S. Department of Energy
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Aemetis Inc. released Q1 results on May 9, reporting increased revenues. Company officials confirmed the company’s biodiesel, RNG and ethanol segments performed well during the quarter and provided an update of proposed SAF and CCS projects.
The USDA expanded its estimate for 2023-’24 corn use in ethanol to 5.45 billion bushels in its latest WASDE report, released May 10. The agency currently expects the volume of corn that goes to ethanol production to remain at that level for 2024-’25.
On its path to opening a facility designed to turn agriculture residue into a scalable biofuel business, SAFFiRE Renewables LLC plans to break ground on its pilot plant near Liberal, Kansas, in late 2024.
LanzaTech Global Inc. on May 9 announced that that LanzaJet’s 10 MMgy ethanol-to-sustainable aviation fuel (SAF) plant in Soperton, Georgia, in on track to begin producing fuel during the second quarter.
Gevo Inc. released Q1 results on May 2, reporting that the company’s RNG project operated at approximately 89% of capacity during the quarter and that efforts continue to secure a DOE loan guarantee for the company’s proposed SAF project.