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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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XCF Global Inc. on Oct.13 announced September gross product sales of more than $12 million, driven by increasing production and expanding commercial contracts and shipments of 1.4 million gallons from the New Rise Renewables Reno facility.

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The U.S. Department of Energy on Oct. 14 released guidance that will help clean fuel producers claim the 45Z clean fuel production credit for fuels, feedstocks and pathways not included in the agency’s current 45Z rate table.

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The U.S. Energy Information Administration reduced its forecast for 2026 renewable diesel production in its latest Short-Term Energy Outlook, released Oct. 8. The production forecast for “other biofuel,” including sustainable aviation fuel (SAF), was maintained.

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XCF Global Inc. on Oct. 6 announced that XCF stockholders have approved the proposals necessary to complete the previously announced business combination involving XCF, DevvStream Corp. and Southern Energy Renewables Inc.

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U.S. capacity for renewable diesel and associated fuels expanded by more than 5% between Jan. 1, 2025, and Jan. 1, 2026, according to data released by the U.S. Energy Information Administration on Sept. 24.

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Total U.S. operatable biofuels production capacity expanded by 38 MMgy in July, with gains for both ethanol and renewable diesel, according to data released by the U.S. Energy Information Administration on Sept. 30.

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The Cardano Foundation, the independent, Swiss-based not-for-profit organization dedicated to advancing Cardano as public digital infrastructure, on Sept. 30 announced two new initiatives with Petrobras.

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The USDA on Sept. 30 published a final rule that fundamentally changes the structure and administration of REAP. The program will now require projects to be fully built and operational before an application can even be filed.

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Haffner Energy launches SB-HEFA, an innovative process for producing renewable diesel and SAF based on its proprietary thermolysis technology, which directly converts solid biomass into liquid without going through syngas.

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XCF Global Inc. on Sept. 25 announced August revenue from the sale of renewable diesel of more than $10 million from the shipment of 1.3 million gallons from XCF's New Rise Renewables Reno facility in Nevada.

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OMV Petrom, the largest integrated energy producer in Southeastern Europe, is advancing the construction of the new sustainable fuels production unit at Petrobrazi. The project is expected to begin commissioning in 2028.

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The U.S. EPA on Sept. 17 reported that 2.02 billion RINs were generated under the RFS in August, up 6% when compared to the same month of last year. Total RIN generation for the first eight months of the year reached 16.34 billion.

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U.S. Agriculture Secretary Brook Rollins on Sept. 15 announced the launch of USDA’s new American Biofuels Trade Outlook, a four-part strategy that aims to boost export opportunities for U.S. biofuel producers.

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The U.S. Energy Information Administration maintained its 2026 and 2027 production forecasts for biodiesel, renewable diesel and sustainable aviation fuel (SAF) in its latest Short-Term Energy Outlook, released Sept. 9.

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Jet Zero Australia raises $30 million

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By Jet Zero Australia Pty Ltd

September 09, 2026

Jet Zero Australia has achieved three major milestones for Project Ulysses, its proposed commercial-scale sustainable aviation fuel (SAF) and renewable diesel (RD) refinery in Townsville, Queensland, Australia.

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XCF Global Inc. on Aug. 27 addressed current dynamics across North American fuel markets as U.S. refiners face tighter crude slates following recent production pullbacks and maintenance across Canadian oil sands facilities.

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The U.S EPA released updated RIN data on Aug. 20, reporting that 2.12 billion RINs were generated under the RFS in July, up more than 4% when compared to July 2025. Total RIN generation for the first seven months of the year reached 14.19 billion.

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Tidewater Renewables Ltd. on Aug.13 announced its renewable diesel and renewable hydrogen (HDRD) complex in Prince George, British Columbia, achieved record average daily throughput of 3,315 barrels per day during the second quarter of 2026.

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The U.S. Energy Information Administration maintained its 2026 and 2027 production forecasts for biodiesel, renewable diesel and sustainable aviation fuel (SAF) in its latest Short-Term Energy Outlook, released Aug. 11.

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XCF Global Inc., an emerging U.S.-based producer of renewable diesel and SAF, on Aug. 7 provided an operational update on renewable diesel production, initial fuel sales and ongoing optimization work at its New Rise Renewables Reno facility.

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Par Pacific Holdings Inc. released second quarter financial results on Aug. 5, reporting its Hawaii renewable fuels facility ramped up production during the three-month period after commencing operations in April.

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Neste reported record results for the second quarter of 2026. EBITDA for the renewable products segment reached an all-time high, supported by a record high sales margin and sales volumes exceeding 1 million metric tons.

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The U.S. EPA on July 16 released data showing nearly 2.16 billion RINs were generated under the RFS in June, up 7% when compared to the same month of last year. Total RIN generation for the first half of 2026 reached 11.94 billion.

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The U.S. EIA maintained its 2026 production forecasts for renewable diesel and a category of fuel that includes SAF in its latest Short-Term Energy Outlook, released July 7. The outlook for 2026 biodiesel production was revised down.

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XCF Global Inc. on June 24 provided an update on the advancement of its New Rise Renewables Reno facility as it progresses toward initial production during a period of heightened volatility across global fuel markets.

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OMV Petrom SA has concluded a sales contract with OMV Downstream GmbH, a fully owned subsidiary of OMV AG, for part of the sustainable aviation fuel (SAF) and hydrotreated vegetable oil (HVO) to be produced in Petrobrazi refinery.

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The U.S. EPA on June 18 released data showing nearly 2.02 billion RINs were generated under the RFS in May, up nearly 4% when compared to the same month of last year. Total RIN generation for the first five months of 2026 reached 9.66 billion.

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The U.S. EIA maintained its 2026 and 2027 production forecasts for renewable diesel in its latest Short-Term Energy Outlook, released June 9. The production outlooks for “other biofuels,” defined to include SAF, were also maintained.

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