In Colorado, Gevo, Inc. sold approximately $20 million in Investment Tax Credits to an undisclosed corporate buyer. This transaction monetizes Inflation Reduction Act Investment Tax Credits generated from the commercialization of a renewable natural gas production facility by Gevo NW Iowa RNG, LLC and provides net cash proceeds of approximately $17 million to Gevo after […]
In Sweden, food business operator Orkla Suomi, the transport company Scandic Trans and Viking Line have launched scheduled freight service with transport that runs on biofuel. Transport emissions along the green freight corridor that stretches from Fågelmara, Sweden to Turku, Finland are 90 per cent lower than previously. Felix ketchup, produced by the Orkla Group […]
In Florida, Filta Environmental Kitchen Solutions (Filta) announced a significant milestone: the recycling of 1 billion pounds of used cooking oil into biodiesel fuel. Filta’s unique service model enhances commercial kitchen operations by micro-filtering cooking oil, deep cleaning fryers, and offering bin-free waste oil collection, all while ensuring the waste oil is recycled into biodiesel […]
In Brazil, mathematical analysis reveals that within Brazil’s agriculture and livestock industry, the biofuels sector is most heavily reliant on other sectors with high greenhouse gas emissions. Brazil is a world leader in biofuel production, but the environmental sustainability of the sector has faced criticism due to its impacts on deforestation, water use, and biodiversity, […]
In Washington, Brownfield Ag News reports the Renewable Fuels Association is worried that if former President Trump returns to the White House, he will drop the Inflation Reduction Act and along with it important tax breaks for the biofuels sector such as the 45Z sustainable aviation fuel credit. The RFA is encouraged, however, to see […]
In Washington, the Environmental Protection Agency has extended an emergency fuel waiver that EPA issued on August 1, 2024, in response to requests made by some states waivers under the Clean Air Act (CAA) to address a fuel supply emergency caused by a power outage and resulting emergency shutdown of the ExxonMobil Joliet refinery when […]
In Spain, Nedgia, the Naturgy Group’s gas distributor, has already signed 45 contracts for connection to biomethane plants for the injection of renewable gas into its gas distribution network. The injection capacity linked to these requests amounts to 2,400 GWh/year, equivalent to the gas consumption of nearly half a million homes in Spain. By autonomous […]
In Canada, Tidewater Renewables Ltd. has obtained an interim extension of the maturity of its C$175 million first lien senior credit facility, and its C$25 million of additional debt capacity under the second lien term debt facility, from August 30, 2024 to September 18, 2024. This interim extension is expected to provide the Corporation with […]
In Washington, Clean Fuels Alliance America sent a letter to Treasury Secretary Janet Yellen last week, urging the agency to issue guidance, including safe harbors, to the §45Z Clean Fuels Production Credit by September 1. The new producer credit becomes available on January 1, 2025, as the existing blender credit expires. Clean Fuels’ letter emphasizes […]
In Spain, Iberia Maintenance has begun using 5% sustainable aviation fuel (SAF) in its engine test bench at the La Muñoza facilities, near the Adolfo Suarez Madrid-Barajas airport, in what marks another step towards the decarbonization of the sector. The use of this type of fuel will allow for a reduction of 115 tons of […]
