The Treasury Department and IRS on April 30 released new guidance on the SAF tax credit and announced the launch of the 40BSAF-GREET 2024 model, which incorporates a pilot-program to encourage the use of climate-smart ag practices for SAF feedstocks.
Archer Daniels Midland Co. on April 30 released first quarter financial results, reporting improved earnings for Vantage Corn Processors subsegment, which includes the company’s dry mill ethanol plants.
Renewable Fuels Month highlights the importance of renewable biofuels, such as ethanol and biodiesel, especially for Nebraskans, according to Fueled by Nebraska, a partnership of Nebraska biofuel and ag organizations.
The USDA recently released its Grain Crushings and Co-Products Production Report for March, reporting that corn use for fuel ethanol production in February was up when compared to both the previous month and February 2023.
The RFA is a founding member of the SAF Coalition, which launched April 29 as a tool to advocate for the establishment of significant and durable federal policies related to the production, consumption and distribution of SAF.
On April 29, 40 companies and organizations that hold a stake in the development and deployment of sustainable aviation fuel united to announce the formation of the Sustainable Aviation Fuel (SAF) Coalition.
As part of the USGC’s strategy to support the initiation of the ethanol-gasoline blending program in Costa Rica, the group participated in a technical workshop in San Jose, Costa Rica, that focused on ethanol and vehicle compatibility.
Aemetis Inc. has announced it is implementing the Microsoft Dynamics enterprise resource planning (ERP) system worldwide for all Aemetis operations in the U.S. and India to support current operations and expansion projects.
UK to implement SAF mandate beginning in 2025
By Erin Voegele
April 25, 2024
The U.K. government on April 25 confirmed plans to create a sustainable aviation fuel (SAF) mandate that will require 22% of all jet fuel in flights taking off from the U.K. to come from sustainable sources by 2040.
Valero Energy Corp. on April 25 announced that its SAF project in Texas is progressing ahead of schedule and expected to be operational this year. The company also reported its ethanol and renewable diesel operations were profitable during Q1.
LanzaJet on April 22 announced an investment from Microsoft’s Climate Innovation Fund. This investment from Microsoft enables LanzaJet to continue building its capability and capacity to deploy its sustainable fuels process technology globally.
U.S. fuel ethanol production fell by 3% the week ending April 19, according to data released by the U.S. Energy Information Administration on April 24. Stocks of fuel ethanol were down 1% and exports fell by 23%.
Nebraska Gov. Jim Pillen on April 24 signed a legislative package that includes a tax credit to support the production of SAF within the state. The tax credit applies to eligible SAF that achieves at least a 50% GHG emissions reduction.
A coalition of 36 biofuel producers, ag groups, airlines and other SAF stakeholders on April 24 sent a letter to Agriculture Committee leaders in the House and Senate urging them to provide support for SAF in the upcoming Farm Bill.
Vertimass on April 23 announced that the U.S. EPA has approved registration for blending up to 20% of Vertimass green gasoline with conventional gasoline. This new renewable gasoline product, VertiGas20, is made from renewable ethanol.
The USDA on April 23 awarded more than $43 million in grants through the Higher Blends Infrastructure Incentive Program to support projects that will increase the availability of domestic biofuels in 15 states.
International Trade Administration renews REEEAC, solicits membership nominations
By Erin Voegele
April 23, 2024
The U.S. Department of Commerce’s International Trade Administration on April 17 announced the renewal of its Renewable Energy and Energy Efficiency Advisory Committee. The agency is also soliciting nominations for committee membership.
Indigo Ag and Red Trail Energy have announced a collaboration to source low carbon intensity (CI) corn to support farmers using sustainable practices and benefit from emerging clean fuels market tax credit programs.
CoBank is predicting a positive outlook for ethanol in 2024 as plants capitalize on lower corn prices and improved margins, according to the company’s latest Quarterly Research Report, released April 11.
In celebration of Earth Day, Iowa biofuel producers, farmers, retailers, and policy leaders gathered for a community tree planting event hosted by Growth Energy. The event is part of a larger woodland restoration project.
EcoEngineers on April 15 announced the expansion of its services in compliance with the Canadian Clean Fuel Regulations. The company has been granted a scope extension by the ANSI National Accreditation Board (ANAB).
The U.S. EPA on April 19 issued an emergency waiver allowing E15 to continue to be sold during the summer 2024 driving season. The action aims to provide relief from ongoing supply issues created by the war in Ukraine and conflict in the Middle East.
Nearly 1.91 billion RINs were generated under the Renewable Fuel Standard in March, down from 1.92 billion generated during the same month of 2023, according to data released by the U.S. EPA on April 18.
The U.S. EPA on April 18 released updated small refinery exemption (SRE) data, reporting that two additional SRE petitions have been filed under the Renewable Fuel Standard in the past month. A total of 38 SRE petitions are now pending.
U.S. Trade Representative Katherine C. Tai on April 17 discussed efforts to increase market access for U.S. ethanol in Brazil during a hearing held by the Senate Committee on Finance focused on the Biden administration’s 2024 trade policy agenda.
Rep. Zach Nunn, R-Iowa, on April 17 introduced bipartisan legislation to implement year-round E15 sales. The Year-Round E15 Act would allow for sales of E15 in 2024 across eight Midwestern states.
U.S. fuel ethanol production was down 7% the week ending April 12, according to data released by the U.S. Energy Information Administration on April 17. Stocks of fuel ethanol were down slightly and exports expanded by more than 12%.
A record volume of sugarcane was processed during Brazil’s recently completed 2023-’24 harvest season, according to UNICA, the Brazilian sugarcane industry association. Ethanol production also set a new record, with a significant boost from corn.
Marquis and United Cooperative on April 16 announced the sale of Marquis’ 100 MMgy Necedah, Wisconsin, ethanol facility to United Cooperative. The facility will operate under the new name of United Energy Necedah LLC.
Carbogenesis, a global private equity fund focused on industrial decarbonization, and Octent Automation, which provides tools designed to enhance outcomes during the fermentation process, have joined the RFA as associate members.
Advertisement
@ Copyright 2024 - BBI International - All rights reserved.