U.S. refiner Delek idled three of its biodiesel plants during the second quarter.
The decision to idle the Crossett, Arkansas, Cleburne, Texas and New Albany, Mississippi biodiesel facilities was “driven by the decline in the overall biodiesel market and aligns with our continued operational and cost optimization efforts,” the company said.
Chevron shut down two plants earlier this year, while Vertex Energy pivoted away from renewable diesel production and back to fossil-based fuel.
The company has expanded the scope and expected cost of the project, which now stands at $7bn. It is considering a project finance model to build the facility.
The International Air Transport Association said that global SAF production is set to triple in 2024, but revised its estimates lower for SAF production by 2030 as projects lag.
A report from German management consulting firm Roland Berger outlines a pathway for decarbonizing the 1,000 assets that emit the most carbon globally.
A renewable natural gas developer with sites proposed in southern California and Arizona is seeking additional equity investors.
A European green ammonia solutions provider is considering a number of strategies to grow in the US, including capital raising, strategic partnerships and a spinoff.
A firm with plans for a biorefinery in Washington state will raise its first large equity round early next year.
