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Biodiesel Magazine - The Latest News and Data About Biodiesel Production


By Aemetis Inc. | June 23, 2021
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Aemetis Inc., a renewable natural gas and renewable fuels company focused on negative carbon intensity products, announced today
 that it has opened negotiations for the supply of 1.6 million metric tonnes (MT) per year of CO
2 for carbon capture and sequestration (CCS) to be located at or near the two Aemetis renewable fuels plant sites in Central California near Modesto.   It is anticipated that the capacity of each injection well site will be approximately 1 million metric tons per year, for a combined total of 2 million MT of CO
2 sequestration per year.
“The existing California LCFS and IRS 45Q carbon capture and sequestration programs could potentially generate approximately $500 million per year of revenues from injecting a combined 2 million metric tons of CO ....

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Biodiesel Magazine - The Latest News and Data About Biodiesel Production


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Representatives of Marathon Petroleum Corp. discussed progress with the company’s renewable diesel projects, including efforts to reduce the carbon intensity (CI) of biofuel produced at the Dickinson, North Dakota, plant using wind energy, during the company’s first quarter earnings call, held May 4.
During the call, Raymond Brooks, executive vice president of refining, confirmed that the Dickinson renewable diesel plant operated at approximately 90 percent of design capacity during the first quarter of this year. The plant also qualified and got a provisional lower CI score for its renewable feedstocks, which include soybean oil and corn oil. Brooks said work has continued to both increase production and further lower the plant’s CI score. As part of that work, he said the company recently worked with its licensor for the process and catalyst on a new catalyst formulation. ....

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RINs on renewable electricity - is now the time for EPA action? | Eversheds Sutherland (US) LLP


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For more than a decade, the Federal Renewable Fuel Standard (RFS) has provided powerful incentives that have driven the introduction of new transportation fuels into the US marketplace due to valuable credits known as Renewable Identification Numbers (RINs) generated on these fuels under the RFS. Ethanol and biodiesel were the first main beneficiaries. In recent years more novel fuel types like renewable diesel, renewable natural gas and sustainable aviation fuel have begun to become more mainstream. The most talked-about new transportation fuel, renewable electricity, has been unable to generate RINs not because doing so is prohibited by the RFS, but because EPA has simply failed to act on applications by renewable electricity providers to generate RINs. EPA has both the authority and information necessary to act on this issue, but a legal challenge against the Agency is ripe and may be necessary to prompt quicker a ....

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Marathon Petroleum Corp. Reports Fourth-Quarter 2020 Results


Reported fourth-quarter income of $192 million,
or $0.29 per diluted share, which includes net pre-tax benefits of $851 million; reported adjusted loss of $608 million, or ($0.94) per diluted share
$21 billion Speedway sale targeted to close by end of first quarter; reiterating commitment to use proceeds to strengthen the balance sheet and return capital to shareholders
Advancing renewable fuels portfolio; Dickinson is 2nd largest renewable diesel facility in the US and progressing Martinez strategic repositioning
Continuing focus on lowering cost structure
Announced 2021 MPC standalone capital spending outlook of $1.4 billion, a reduction of $350 million from 2020
Marathon Petroleum Corp. (NYSE: MPC) today reported net income of $192 million, or $0.29 per diluted share, for the fourth quarter of 2020, compared with net income of $443 million, or $0.68 per diluted share, for the fourth quarter of 2019. ....

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