In November 2022, Neste announced that it would acquire the used cooking oil (UCO) collection and aggregation business and related assets on the US West Coast from Crimson Renewable Energy Holdings, LLC. The acquisition has been approved by regulatory authorities, and the transaction has been closed.
Neste, the world’s leading producer of renewable diesel and sustainable aviation fuel produced from waste and residue raw materials, has agreed to acquire the used cooking oil (UCO) collection and aggregation business and related assets in the United States from Crimson Renewable Energy Holdings, LLC. The transaction includes shares in SeQuential Environmental Services, LLC, and Pure, LLC, as well as a UCO processing plant in Salem, Oregon. The transaction is subject to the fulfillment of customary closing conditions and regulatory approval.
President Biden signed an Executive Order to launch a US National Biotechnology and Biomanufacturing Initiative that “will ensure we can make in the United States all that we invent in the United States. This Initiative will create jobs at home, build stronger supply chains, and lower prices for American families”. Yesterday, the White House hosted a Summit on the National Biotechnology and Biomanufacturing Initiative during which cabinet agencies announced a wide range of new investments and resources that will allow the United States to harness the full potential of biotechnology and biomanufacturing and advance the President’s Executive Order.
Agriculture Secretary Tom Vilsack announced the U.S. Department of Agriculture is accepting applications for a new pilot program created under President Biden’s historic Bipartisan Infrastructure Law to support the development of biobased products that have lower carbon footprints and increase the use of renewable agricultural materials, creating new revenue streams for farmers. This $10 million investment is part of the Biden-Harris Administration’s ongoing work to rebuild our infrastructure and create good-paying jobs and economic opportunity in our rural communities.
The US is ordering refiners to boost the use of biofuels such as corn-based ethanol, as the Biden administration tries to strike a balance between competing political and economic pressures while gasoline prices soar.
Houston-based Kinder Morgan is partnering with Finnish company Neste to create a raw material storage and logistics hub in the United States that will support increased production of renewable diesel, sustainable aviation fuel, and renewable feedstock for polymers and chemicals.
Upon completion of the project, Kinder Morgan’s Harvey, La., facility will serve as the primary hub where Neste will store a variety of raw materials, including, for example, the used cooking oil it collects from more than 40,000 restaurants across the United States, the company said.
US biotech company Genomatica closed $118 million in Series C funding to accelerate the global commercialization and expansion of sustainable materials, with the potential to reduce greenhouse gas emissions by 100 million tons per year. Leading life science investor Novo Holdings led the round, with additional participation by existing and new investors including Viking Global Investors, Casdin Capital and others. Genomatica will use the investment to scale production for its portfolio of products and continue investing in new technologies to amplify the impact of sustainable materials across a range of industries.
Without soil there is not agriculture and without agriculture there is not bioeconomy. The USA celebrates the introduction of the Cultivating Organic Matter through the Promotion of Sustainable Techniques (COMPOST) Act in the U.S. House of Representatives. This far reaching new federal bill aims to proactively advance composting infrastructure and support across the country. Specifically, the proposed legislation would amend the Food Security Act of 1985 to officially define and designate composting as a conservation practice and activity. The US Composting Infrastructure Coalition (USCIC), of which the Institute for Local Self-Reliance is a founding member, played a pivotal role in the development of the bill.
According to the International Press Agency Reuters, President Joe Biden’s administration, under pressure from labor unions and U.S. senators including from his home state of Delaware, is considering ways to provide relief to U.S. oil refiners from biofuel blending mandates, three sources familiar with the matter said.
The issue pits two of the administration’s important political constituencies against each other: blue-collar refinery workers and farmers who depend on biofuel mandates to prop up a massive market for corn.
It could prompt an about-face for the administration, which had been rolling back former President Donald Trump’s dramatic expansion of waivers for U.S. refiners from the Renewable Fuel Standard.
British Airways is to power future flights with sustainable aviation fuel produced from sustainably sourced ethanol, as part of a new partnership with sustainable jet fuel company LanzaJet. The partnership, which reflects the importance the airline is placing on sustainability and its continued investment in sustainable aviation fuel, will see British Airways invest in LanzaJet’s first commercial scale Freedom Pines Fuels facility in Georgia, USA and acquire cleaner burning sustainable aviation fuel from the plant. It expects the fuel to be available to power a number of its flights by the end of 2022. In addition, the partnership will involve LanzaJet implementing early stage planning and design for a potential commercial facility for British Airways in the UK.