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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.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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ARC Bio, the Canadian joint venture between an affiliate of Bioénergie AECN and Alder Renewables, on Sept. 30 announced the successful demonstration of a pathway to produce SAF Canadian forest residues through refinery co-processing.

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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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XCF Global Inc., a scaling U.S.-based producer of renewable diesel and SAF, on Sept. 1 announced another milestone in the company's transition from development-stage operations to active, revenue-generating commercial production.

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Nova Pangaea completes successful trials

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By Nova Pangaea Technologies

August 25, 2026

Nova Pangaea Technologies, the U.K. company with a unique process to create sustainable aviation fuel (SAF) from waste biomass, has completed successful endurance trials that further validate its technology.

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XCF Global Inc. on Aug. 18 announced a key operational and revenue-generating milestone: its flagship New Rise Renewables Reno facility is actively delivering approximately 55,000 gallons of renewable diesel per day to the market.

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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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With the initial phase of its MaxSAF 150 initiative now complete, Montana Renewables is preparing to further increase sustainable aviation fuel (SAF) capacity. The company plans to expand SAF production to more approximately 200 MMgy by 2028.

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Gevo Inc. on Aug. 6 announced it has cancelled plans to develop a SAF project in South Dakota. Rather, the company remains focused on its North Dakota operations, including plans to expand ethanol production capacity and develop a 30 MMgy SAF plant.

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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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Valero Energy Corp. released second quarter financial results on July 30, reporting significantly improved earnings for both its ethanol segment and its Diamond Green Diesel joint venture, which produces renewable diesel and SAF.

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XCF Global Inc. on July 28 issued the following letter to shareholders from CEO Chris Cooper. The letter provides additional context on the progress underway at New Rise Renewables Reno, the company’s biorefinery in Nevada.

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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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XCF Global Inc. on July 23 announced that it has entered into a joint commercialization and development agreement with Continual Renewable Ventures Pty Ltd and New Rise Australia Pty Ltd. for a proposed biorefinery project in Australia.

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Gevo Inc. on July 15 updated its recent progress on its business objectives, including those related to ethanol production, carbon capture and sequestration (CCS), biogas production and plans to produce SAF.

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XCF Global Inc., an emerging U.S.-based producer of renewable diesel and sustainable aviation fuel (SAF), on July 9 announced that its New Rise Renewables Reno facility has begun producing renewable fuels.

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Total U.S. operable biofuel capacity expanded slightly in April, with gains for renewable diesel and associated fuels. Ethanol capacity was down slightly, while biodiesel capacity remained unchanged, according to data released by the U.S. EIA.

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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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XCF Global Inc. on June 16 announced that its New Rise Renewables Reno facility has advanced its production-start sequence, following the previously announced successful receipt and loading of process catalyst announced earlier this month.

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Circularity Fuels on June 15 announced it has completed the world’s first end-to-end conversion of raw agricultural biogas into SAF. The fuel was produced during a six-month pilot run on biogas produced at a California dairy farm.

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XCF Global Inc. on June 1 announced the successful delivery and receipt of the process catalyst at its New Rise Renewables Reno refinery, marking a pivotal operational milestone in the refinery's modernization program.

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Total operatable U.S. biofuel capacity dipped slightly in March, with reductions for both ethanol and biodiesel, according to data released by the U.S. EIA on May 29. Capacity for renewable diesel and associated fuels held steady.

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More than 1.93 billion RINs were generated under the RFS in April, up 3% when compared to the same month of last year, according to data released by the U.S. EPA on May 21. Total RIN generation for the first four months of 2026 reached 7.51 billion.

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Bangchak Group has launched Thailand’s first commercial production of sustainable aviation fuel (SAF) from the country’s first 100% HEFA-SPK SAF stand alone production unit at Bangchak Phra Khanong Refinery.

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BDI-BioEnergy International and Ghent Renewables have successfully commissioned an industry-leading feedstock pretreatment plant at North Sea Port in Ghent, Belgium. The plant will strengthen the supply chain for sustainable fuels, including SAF.

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The U.S. EIA increased its forecast for 2026 renewable diesel production in its latest Short-Term Energy Outlook, released May 12. The 2026 forecasts for biodiesel and other biobased diesel fuels, which includes SAF, were maintained.

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Calumet Inc. on May 8 confirmed that the MaxSAF expansion at its Montana Renewables facility was completed on time and on budget. The facility has resumed operations and now has the capacity to produce 150 MMgy of SAF.

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Gevo Inc. on May 7 confirmed the company has received nonbinding indications of interest from multiple parties regarding efforts to finance its proposed AtJ project in North Dakota. Efforts to boost ethanol production capacity are also progressing.

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Aemetis Inc. on May 7 released Q1 results, reporting a 27% increase in revenues with growth across its ethanol, RNG and biodiesel segments. Plans for a proposed renewable diesel and SAF plant continue to be impacted by 45Z guidance delays.

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