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DOE BETO accelerates innovation to advance the US bioeconomy

SOURCE: U.S. Department of Energy

September 13, 2024

BY Valerie Sarisky-Reed, BETO director

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Valero reports strong Q3 operations for ethanol, renewable diesel segments

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By Erin Krueger

October 22, 2026

Advanced Biofuels Operations Business 

Valero Energy Corp. on Oct. 22 released third-quarter financial results, reporting record-high ethanol production volumes and a profitable three-month period for both its ethanol segment and its renewable diesel joint venture.

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XCF Global Inc. on Oct. 20 announced that it has entered into a definitive agreement to acquire a renewable fuel production facility in Paramount, California through a newly formed subsidiary of XCF, New Rise Renewables Paramount LLC.

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The USDA on Oct. 19 announced plans to launch a new Harvest Fuel Relief program to provide $8 billion to U.S. farmers to help offset high fuel costs. The one-time payments will be funded through the USDA’s CCC and administered by the FSA.

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CoBank on Oct. 7 released its latest quarterly insights report, which discusses the impact of 45Z clean fuel production credits and fuel mandates on biofuel demand and highlights how soaring fuel prices are impacting the farm supply chain.

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The U.S EPA has announced it will hold a virtual public hearing on Nov. 4 to gather stakeholder input on the rulemaking it released in mid-October that proposes two options to reallocate 770 million RINs waived through recent SREs under the RFS.

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