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Valero reports strong Q4 for ethanol segment

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By Erin Krueger

January 30, 2024

Operations Business 

Valero Energy Corp. released fourth quarter financial results on Jan. 25, reporting significantly higher operating income and production volumes for its ethanol segment. The segment’s full year results were also improved.

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In a major step forward for the future of agriculture and biofuels, POET and Summit Carbon Solutions announced a groundbreaking partnership connecting the world’s largest biofuel producer with the world’s largest carbon capture and storage project.

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The Renewable Fuels Foundation announces eight 2024 recipients of the Robert Sather Memorial Scholarship, which annually offers opportunities for students and young professionals to attend the National Ethanol Conference.

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Praj on Jan. 20 inaugurated its sustainable aviation fuel (SAF) demonstration plant at its research and development center in Pune, India. The plant utilizes a propriety SAF production technology developed by the company.

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E Energy Adams recognized for Fuel the Cure support

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By Nebraska Ethanol Board

January 27, 2024

On Jan. 19, E Energy Adams, an ethanol producer in Adams, Nebraska, received recognition as the Fuel the Cure Cancer Crusader for going above-and-beyond to support the annual campaign, according to the Nebraska Ethanol Board.

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Carbon America has submitted a Class VI CO2 Injection Well permit application to the U.S. EPA’s Region 8 office to permanently store carbon dioxide produced by two ethanol plants in northeastern Colorado.

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Growth Energy announced on Jan. 24 that it wrote 49% of all HBIIP grants for fuel retailers seeking infrastructure funding from the USDA’s HBIIP to install equipment that would allow them to sell E15.

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LanzaJet on Jan. 24 celebrated the grand opening of its ethanol-to-SAF biorefinery. The LanzaJet Freedom Pines Fuels facility, located in Soperton, Georgia, has the capacity to produce 10 MMgy of advanced biofuels,

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Sugar Valley Energy, a new 160-acre bioenergy campus under development by California Ethanol + Power in California’s Imperial Valley, intends to produce up to 61 MMgy sustainable aviation fuel (SAF) for the airline industry.

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Aemetis Inc., an RNG and renewable fuels company focused on negative carbon intensity products, announced on Jan. 23 the recognition of revenues from its first sale of California LCFS credits generated by its subsidiary, Aemetis Biogas LLC.

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SAF Magazine, in collaboration with CAAFI, has announced the addition of an extra day to the 2024 North American SAF Conference & Expo. The event will now take place Sept. 11-13, 2024, in St. Paul, Minnesota, at the St. Paul RiverCentre.

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Blue Biofuels Inc. and Vertimass LLC have formed VertiBlue Fuels LLC to employ Vertimass’ proprietary CADO technology to produce SAF and renewable propane and butane (rLPG) as coproducts from ethanol.

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Lallemand Biofuels & Distilled Spirits on Jan. 23 announced a partnership with Braskem to jointly develop renewable chemicals. The two companies will first explore products for the solvents segment.

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Nebraska fuel retailers raised $18,733 in October 2023 as part of Fuel the Cure, a program that donates 3 cents per gallon of ethanol fuel blends, such as E15, E30 and E85, sold at participating fuel stations during the month.

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Whitefox Technologies announces new staff

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By Whitefox Technologies

January 23, 2024

Whitefox Technologies has added close to 10 new employees to its U.S. division. This growth reflects the ongoing commitment to bolstering the team’s capacity and fortifying the recently formalized Whitefox Pledge customer support package.

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ClearFlame Engine Technologies announced on Jan. 17 that it has completed the first sale of its FuelAdaptive truck to Vander Haag's Inc., which will use ClearFlame's truck to deliver parts to its 11 locations in multiple states.

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EIA expects average US gasoline and diesel prices to decrease in 2024, 2025

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By U.S. Energy Information Administration

January 19, 2024

The U.S. EIA expects average U.S. retail gasoline prices to decrease in 2024 because of increased inventories related to increased refinery capacity. In 2025, slightly reduced gasoline consumption is expected to further decrease prices.

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U.S. fuel ethanol production fell by approximately 1 percent the week ending Jan. 12, according to data released by the U.S. Energy Information Administration on Jan. 18. Stocks of fuel ethanol were up 5 percent and exports were down 39 percent.

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The U.S. EPA published updated renewable identification number (RIN) data on Jan. 18, reporting that nearly 23.75 billion RINs were generated under the Renewable Fuel Standard in 2023, up from 21.35 billion RINs generated in 2022.

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The U.S. EPA on Jan. 18 released updated small refinery exemption (SRE) data, reporting that eight new SRE petitions have been filed under the Renewable Fuel Standard in the past month. A total of 15 SRE petitions are now pending.

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European ethanol producer CropEnergies AG on Jan. 10 released financial results for its fiscal third quarter, reporting that the company’s revenues have been negatively impacted by reduced ethanol prices.

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The RFA showcased the world's first plug-in hybrid electric flex fuel vehicle at the Washington, D.C. Auto Show. The vehicle is a converted 2022 Ford Escape that combines the benefits of an FVV with a battery electric vehicle (BEV).

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Growth Energy on Jan. 17 published its 2024 federal policy priorities. The agenda offers a roadmap toward a sustainable future characterized by lower fuel costs, lower GHG emissions, greater energy independence, and stronger rural communities.

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The USDA FAS on Jan. 8 awarded more than $203 million to nearly 70 agricultural organizations to help expand export markets for U.S. food and agricultural products. A portion of that funding will go to the U.S. Grains Council.

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In comments submitted on Jan. 16 to the California Air Resources Board, the Renewable Fuels Association called on the state to promote the sale of more flex fuel vehicles (FFVs) capable of running on up to 85 percent low-carbon ethanol.

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In a letter submitted to the Biden administration on Jan. 16, the RFA laid out recommendations for ensuring that the best available science and data are used in determining eligibility for the SAF tax credit established in the IRA.

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Legislation introduced in the New Mexico House of Representatives on Jan. 3 aims to establish a technology-neutral clean transportation fuel standard that would reduce the carbon intensity of transportation fuels by at least 30 percent by 2040.

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The International Energy Agency released a new report on Jan. 11, Renewables 2023, predicting that global biofuel demand will expand by 38 billion liters (10.4 billion gallons) between 2023 and 2028.

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The U.S. Grains Council has added Mark Ingebretson as its sustainable aviation fuel (SAF) global policy consultant. He will help develop strategic plans and programming focused on SAF policies for the Council’s international offices.

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The U.S. Department of Commerce’s International Trade Administration has announced its Renewable Energy and Energy Efficiency Advisory Committee will hold an in-person meeting on Jan. 25 in Washington, D.C.

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