Renewable Fuel Standard (United States)

Clean Energy’s First Renewable Natural Gas Facility Begins to Sell Environmental Credits

Retrieved on: 
Tuesday, October 31, 2023
Technology, Oil, Gas, Alternative Vehicles, Fuels, Automotive, Trucking, Alternative Energy, Agritech, Energy, Transport, Environment, Sustainability, Public Transport, Agriculture, Natural Resources, California Air Resources Board, TotalEnergies, Manure, NYSE, LCFS, Hat Rin, Carbon, Multimedia, Methane, EPA, Renewable Fuel Standard (United States), GHG, RNG, Natural gas, Renewable energy, Primary energy

Clean Energy Fuels Corp. (Nasdaq: CLNE ) and TotalEnergies SE (NYSE: TTE) announced that renewable natural gas (RNG) from Del Rio Dairy in Friona, TX, began flowing in June to the transportation market and recently began generating D3 renewable identification numbers (RINs) credits under the U.S. Environmental Protection Agency’s (EPA) Renewable Fuel Standard, as well as credits through Oregon’s low carbon fuel standard (LCFS) program.

Key Points: 
  • Clean Energy Fuels Corp. (Nasdaq: CLNE ) and TotalEnergies SE (NYSE: TTE) announced that renewable natural gas (RNG) from Del Rio Dairy in Friona, TX, began flowing in June to the transportation market and recently began generating D3 renewable identification numbers (RINs) credits under the U.S. Environmental Protection Agency’s (EPA) Renewable Fuel Standard, as well as credits through Oregon’s low carbon fuel standard (LCFS) program.
  • View the full release here: https://www.businesswire.com/news/home/20231031446345/en/
    “The demand for RNG is only increasing,” said Clay Corbus, senior vice president of renewables at Clean Energy.
  • Del Rio Dairy is the first low carbon-intensity RNG project completed by Clean Energy and was financed through a joint venture between Clean Energy and TotalEnergies.
  • Agriculture accounts for nearly 10 percent of U.S. greenhouse gas (GHG) emissions and the transportation sector accounts for another 28%, according to the EPA.

Aemetis Biogas Builds Revenues With First Commercial Sale of D3 RINs Generated by Dairy Renewable Natural Gas Project

Retrieved on: 
Friday, August 25, 2023
Carbon, Pacific Gas and Electric Company, Rin Tin Tin, RIN, RNG, LCFS, PG, Sale, RFS, EPA, Qualification, Natural gas, D3, Transport, PG&E, Renewable Fuel Standard (United States), End, Renewable energy, Dairy

CUPERTINO, CA, Aug. 25, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on negative carbon intensity products, announced today the sale of 88,883 D3 Renewable Identification Number credits (RINs), the company’s first commercial D3 RIN transaction under the federal Renewable Fuel Standard (RFS) generated by the Aemetis Biogas Central Dairy Digester Project in California.  The D3 RINs were generated by the sale of dairy renewable natural gas (RNG) delivered to customers in June 2023 and begins ongoing monthly revenues from the sale of D3 RINs.

Key Points: 
  • Sale of D3 RINs from RNG Delivered in June 2023 Commences Ongoing Monthly Generation of RFS Revenues; LCFS Credits to be Generated at End of Q3 2023
    CUPERTINO, CA, Aug. 25, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on negative carbon intensity products, announced today the sale of 88,883 D3 Renewable Identification Number credits (RINs), the company’s first commercial D3 RIN transaction under the federal Renewable Fuel Standard (RFS) generated by the Aemetis Biogas Central Dairy Digester Project in California.
  • The D3 RINs were generated by the sale of dairy renewable natural gas (RNG) delivered to customers in June 2023 and begins ongoing monthly revenues from the sale of D3 RINs.
  • The federal D3 RINs that were sold completed an independent review to enable the sale to be entirely comprised of Qualified RINs (QRINs) that have been verified to conform with regulations and identify sourcing.
  • The RNG is then injected into the Pacific Gas and Electric (PG&E) gas pipeline for delivery to transportation fuel customers throughout California.

Montauk Renewables Announces Second Quarter 2023 Results

Retrieved on: 
Wednesday, August 9, 2023
Maintenance, Failure, Table, Coast, Electricity, Rin Tin Tin, British thermal unit, RIN, RNG, GAAP, Frank R. Bowerman Landfill, Primary energy, Frank, United States Environmental Protection Agency, Kilowatt-hour, Apex, EBITDA, Erin, Natural gas, D3, Webcast, Renewable Fuel Standard (United States), Adjustment, Atascocita, Texas, REG, Rare-earth element, Video game, Bookkeeping, Rumpke Sanitary Landfill

Gas commodity indices decreased 70.7% during the second quarter of 2023 compared to the second quarter of 2022.

Key Points: 
  • Gas commodity indices decreased 70.7% during the second quarter of 2023 compared to the second quarter of 2022.
  • Our Rumpke facility produced less than 0.1 million fewer MMBtu in the second quarter of 2023 compared to the second quarter of 2022 as a result of process equipment failure in the second quarter of 2023 which temporarily impacted production.
  • Our Pico facility produced less than 0.1 million fewer MMBtu in the second quarter of 2023 compared to the second quarter of 2022 as a result of feedstock processing challenges in the second quarter of 2023.
  • Our Security facility produced approximately 1 thousand MWh more in the second quarter of 2023 compared to the second quarter of 2022 due to engine maintenance completed in the second quarter of 2022.

OPAL Fuels Reports Second Quarter 2023 Results

Retrieved on: 
Wednesday, August 9, 2023
Energy, Utilities, Oil, Gas, ADP, Policy, 1 rin coin, Electricity, British thermal unit, GGE, Propulsion Cryogenics & Advanced Development, RNG, GAAP, LCFS, Opal (fuel), Ratio, Sale, Certification, EPA, William, Prince of Wales, EBITDA, Erin, Inflation Reduction Act of 2022, Natural gas, Prince, Biophysical environment, Transport, Polk, Renewable Fuel Standard (United States), OPAL, Gasoline, Renewable energy, Security (finance), Rare-earth element, Sapphire, Adjustment

OPAL Fuels Inc. (“OPAL Fuels” or the “Company”) (Nasdaq: OPAL), a leading vertically integrated producer and distributor of renewable natural gas (RNG) and renewable electricity, today announced financial and operating results for the three and six months ended June 30, 2023.

Key Points: 
  • OPAL Fuels Inc. (“OPAL Fuels” or the “Company”) (Nasdaq: OPAL), a leading vertically integrated producer and distributor of renewable natural gas (RNG) and renewable electricity, today announced financial and operating results for the three and six months ended June 30, 2023.
  • “Our second quarter results benefited from higher RIN prices and improved Adjusted EBITDA margins in our Fuel Station Services segment.
  • The Polk County landfill RNG project, owned 100% by OPAL Fuels, started construction in June 2023 and we anticipate commercial operations beginning in the fourth quarter of 2024.
  • We remain on track to place at least 2.0 million MMBtu of RNG projects (representing OPAL Fuels’ proportional ownership) into construction in 2023.

Meridian Energy Group Inc. Announces Unanimous Approval for Proposed County Road Improvements Serving the Davis Refinery Project

Retrieved on: 
Tuesday, August 8, 2023
GHG, Renewable Fuel Standard (United States), County commission, Safety, Oil, Meridian

Medora, ND and Houston, TX, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Meridian Energy Group, Inc. is announcing that the County Commission of Billings County, North Dakota gave unanimous approval to Meridian for the Company’s proposed road improvements related to its Davis Refinery project in North Dakota.

Key Points: 
  • Medora, ND and Houston, TX, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Meridian Energy Group, Inc. is announcing that the County Commission of Billings County, North Dakota gave unanimous approval to Meridian for the Company’s proposed road improvements related to its Davis Refinery project in North Dakota.
  • These improvements include widening and increasing the bearing capacity of two miles of County roads leading to the site of the Davis Refinery just west of Belfield, North Dakota.
  • The Meridian engineering team has been working with Billings County Highway Department to refine the roadway design and to meet all County requirements.
  • William Prentice, Chairman and CEO of Meridian, said, “The County Road Improvements are an important milestone in preparing for the actual field construction of the Davis facility.

CVR Energy Reports Second Quarter 2023 Results, Announces a Cash Dividend of 50 cents and a Special Dividend of $1.00

Retrieved on: 
Monday, July 31, 2023
CVR, Lamp, Partner, Gunvor, Ethanol, Group 3, Rin Tin Tin, RIN, Sale, RFS, EBITDA, Ammonia, UAN, CVR Partners, Wynnewood, CVI, Webcast, Renewable Fuel Standard (United States), Rest, NYSE, Conference, 2-1-1, Video game, Holding company, Fertilizer, Oil

Second quarter 2023 EBITDA was $300 million, compared to second quarter 2022 EBITDA of $401 million.

Key Points: 
  • Second quarter 2023 EBITDA was $300 million, compared to second quarter 2022 EBITDA of $401 million.
  • Adjusted EBITDA for the second quarter of 2023 was $347 million, down from $511 million in the second quarter of 2022.
  • “CVR Energy posted solid results for the second quarter of 2023 driven by strong crack spreads,” said Dave Lamp, CVR Energy’s Chief Executive Officer.
  • CVR Energy announced a second quarter 2023 cash dividend of 50 cents per share.

CoBank Quarterly: U.S. Economic Slowdown Likely Ahead as Monetary Policy Actions Begin to Take Effect

Retrieved on: 
Thursday, July 13, 2023
Knowledge, Telecommunications, CME, Infrastructure, Insurance, Federal Reserve Bank, United States Senate Agriculture Subcommittee on Food and Nutrition, Specialty Crops, Organics, and Research, Employment, Food, Meta, Federal Reserve Bank of New York, Ethanol, Farmer, Policy, Season, Electricity, Foodservice, Clothing, ChatGPT, Woman, Meal, AG, Microsoft, Cheese, Intelligence, Transport, Wind, Milk, RFS, Agricultural marketing, Cotton, United States House Committee on Agriculture, H-2A, USDA, Restaurant, Water, Cattle, Natural gas, Consumer, City, Central U.S. hardwood forests, Dry, Renewable Fuel Standard (United States), Environment, Female, Gasoline, Agriculture, Biofuel

Secure jobs are the most important element in consumer spending and well-employed Americans have powered the economic recovery for three years.

Key Points: 
  • Secure jobs are the most important element in consumer spending and well-employed Americans have powered the economic recovery for three years.
  • The successes in these two groups have been critical so far in the economic recovery.
  • But looking forward, it raises the question of how many more workers are available to be coaxed in off the sidelines.
  • With the corn and soybean growing season in full swing, drought across the Central U.S. is driving heightened seasonal market volatility.

EPA Undermines Climate Progress in New Renewable Biodiesel Fuel Volume Policy for 2023-2025

Retrieved on: 
Wednesday, June 21, 2023
Farmer, DTF, RFS, EPA, Energy Information Administration, Renewable Fuel Standard (United States), GHG, Investment, Carbon, Renewable energy

The EPA’s announcement establishes disappointing future volumes for the Renewable Fuel Standard, well below all expectations.

Key Points: 
  • The EPA’s announcement establishes disappointing future volumes for the Renewable Fuel Standard, well below all expectations.
  • It will delay the important opportunity for reducing greenhouse gas emissions from the use of low carbon biodiesel and renewable diesel fuels.
  • Biodiesel and renewable diesel fuel deliver significant carbon reductions in every application right now.
  • The EPA’s small nudge in biofuel volumes at this time of otherwise progressive climate policies is as confusing as it is inconsistent.

NATSO, SIGMA, NACS Urge EPA to Adopt Technology-Neutral Approach to Greenhouse Gas Standards for Heavy-Duty Trucks

Retrieved on: 
Saturday, June 17, 2023
RMI, NATSO, NACS, Policy, Aviation, Electricity, GHG, Carbon, United States Environmental Protection Agency, Organization, Congress, EPA, National Association of Convenience Stores, SIGMA, Investment, Convenience, Biofuel, National Association, Transport, Renewable Fuel Standard (United States), Renewable energy, Rail transport, Diesel fuel

Rather than adopting a single approach to emissions reductions, the organizations urged EPA to harness the immediate decarbonization benefits of existing lower carbon options, including renewable diesel and biodiesel.

Key Points: 
  • Rather than adopting a single approach to emissions reductions, the organizations urged EPA to harness the immediate decarbonization benefits of existing lower carbon options, including renewable diesel and biodiesel.
  • Renewable diesel and biodiesel represent the best opportunity for reducing carbon emissions from the commercial trucking sector for the foreseeable future.
  • Compared with petroleum-based diesel, biofuels reduce greenhouse gas emissions by up to 75 percent.
  • NATSO, SIGMA and NACS look forward to working with EPA to improve its GHG standards in a manner that is feasible and practicable.

Vertex Energy Announces EPA Approval For Generation of D4 RINs

Retrieved on: 
Wednesday, June 14, 2023
Environment, Technology, Other Energy, Other Technology, Oil, Gas, Alternative Energy, Sustainability, Green Technology, Energy, United States Environmental Protection Agency, Certification, EPA, Renewable Fuel Standard (United States), Renewable energy, Vertex

Vertex Energy, Inc. (NASDAQ: VTNR) ("Vertex" or “the Company"), a leading specialty refiner and marketer of high-quality refined products, today announced that it has received approval from the Environmental Protection Agency ("EPA") for the generation of D4 Renewable Identification Numbers (“RINs”) credits under the federal Renewable Fuel Standard ("RFS"), for each gallon of renewable fuel produced at its refining facility located outside of Mobile, Alabama (the “Mobile Refinery”).

Key Points: 
  • Vertex Energy, Inc. (NASDAQ: VTNR) ("Vertex" or “the Company"), a leading specialty refiner and marketer of high-quality refined products, today announced that it has received approval from the Environmental Protection Agency ("EPA") for the generation of D4 Renewable Identification Numbers (“RINs”) credits under the federal Renewable Fuel Standard ("RFS"), for each gallon of renewable fuel produced at its refining facility located outside of Mobile, Alabama (the “Mobile Refinery”).
  • Currently, the Company's Mobile Facility is producing approximately 5,500 barrels per day (“bpd”) with plans to increase toward the Phase I installed capacity target of 8,000 bpd, by the end of 2Q23, in-line with previously disclosed targets.
  • "We are pleased to announce the recent completion of our D4 RIN certification process by the EPA, as it recognizes our demonstrated ability to meet the stringent criteria for renewable fuel attributes," said Benjamin P. Cowart, Chairman, and Chief Executive Officer of Vertex, who continued, "With our RINS certification in place, we continue to further strengthen our goal of becoming a trusted provider of high-quality renewable fuels, helping us to drive the transition to a more sustainable energy landscape."
  • The Company anticipates initial commercial product sales of renewable diesel within the second quarter of 2023.