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DOE announces $18.8 million to advance mixed algae development for low-carbon biofuels and bioproducts

April 11, 2024

BY U.S. Department of Energy

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Stabenow, Thompson release outlines for 2024 Farm Bill

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By Erin Voegele

3 hours ago

PolicySustainable Aviation FuelsAdvanced Biofuels

U.S. Senate Agriculture, Nutrition and Forestry Committee Chairwoman Debbie Stabenow, D-Mich., and House Agriculture Chairman Glenn “GT” Thomspon, R-Pa., on May 1 released outlines for competing versions of the 2024 Farm Bill.

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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.

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Marathon Petroleum Co. on April 30 confirmed the Martinez Renewable Fuels biorefinery in California is currently operating at 50% capacity, but said the facility is expected to ramp up to 100% capacity by the end of the year.

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Phillips 66 on April 26 announced its Rodeo biorefinery in San Francisco is expected to be producing 50,000 barrels per day of renewable fuels by the end of Q2. The facility is scheduled to have the capability to produce SAF components by Q3.

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Imperial Oil Ltd. on April 26 released first quarter financial results, confirming that construction on its renewable diesel project under development at its Strathcona refinery near Edmonton, Alberta, is progressing as scheduled.

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