http://www.hydrocarbonprocessing.com Hydrocarbon Processing Montana Renewables receives $1.44-B conditional commitment for renewable fuels and biomass energy facility http://hydrocarbonprocessing.com/news/2024/10-1/montana-renewables-receives-144-b-conditional-commitment-for-renewable-fuels-and-biomass-energy-facility/ Calumet Inc. has announced that the U.S. Department of Energy (DOE) Loan Programs Office (LPO) has awarded a conditional commitment for a loan guarantee of up to $1.44 B to fund the construction and expansion of a renewable fuels facility owned by Montana Renewables LLC (MRL). Phillips 66 hit with $604.9-MM U.S. verdict in fuel trade-secrets case http://hydrocarbonprocessing.com/news/2024/10-1/phillips-66-hit-with-6049-mm-us-verdict-in-fuel-trade-secrets-case/ Energy company Phillips 66 owes biofuel maker Propel Fuels $604.9 MM in damages for stealing Propel's trade secrets to build up its renewable-fuel capabilities. U.S. capacity to produce biofuels increased 7% in 2023 http://hydrocarbonprocessing.com/news/2024/10-1/us-capacity-to-produce-biofuels-increased-7-in-2023/ Capacity to produce biofuels increased 7% in the U.S. during 2023, reaching 24 Bgal/yr at the start of 2024, led by a 44% increase in a category the U.S. Energy Information Administration (EIA) calls “renewable diesel and other biofuels.” Neste MY Renewable Diesel to power Verne data centers’ back-up generators in Finland http://hydrocarbonprocessing.com/news/2024/10-1/neste-my-renewable-diesel-to-power-verne-data-centers-back-up-generators-in-finland/ Neste’s renewable diesel helps Verne, a provider of sustainable data center solutions for high intensity computing, to transition its operations from fossil to renewable fuels. Verne's data centers in Helsinki, Pori and Tampere in Finland will use Neste MY Renewable Diesel to power their backup generators. Colonial Oil Industries Marine Division achieves ISCC Plus and EU certifications http://hydrocarbonprocessing.com/news/2024/10-1/colonial-oil-industries-marine-division-achieves-iscc-plus-and-eu-certifications/ Colonial Oil Industries’ Marine division has received International Sustainability & Carbon Certification (ISCC) certification from SCS Global Services. This certification recognizes Colonial’s commitment to sustainability and its ability to produce and trade sustainable biofuels. Singapore marine fuel sales down for second month in Sept., though biofuels climb http://hydrocarbonprocessing.com/news/2024/10-1/singapore-marine-fuel-sales-down-for-second-month-in-sept-though-biofuels-climb/ Sales of marine bunker fuel at Singapore eased for a second consecutive month in September, though marine biofuel sales surged to a fresh record high. Surge in U.S. ethanol exports offsets thriving production http://hydrocarbonprocessing.com/news/2024/10-1/surge-in-us-ethanol-exports-offsets-thriving-production/ Despite a jump in production, U.S. ethanol stocks dropped significantly last week, partly owing to a sharp rebound in gasoline demand, which neared three-year highs. Nextchem signs agreement with KazMunayGaz for SAF project in Kazakhstan http://hydrocarbonprocessing.com/news/2024/10-1/nextchem-signs-agreement-with-kazmunaygaz-for-saf-project-in-kazakhstan/ NEXTCHEM and KazMunayGas-Aero have signed an agreement to collaborate on advancing energy transition initiatives, leveraging on NEXTCHEM’s proprietary technology portfolio and process engineering capabilities. Eni may sell more stakes in renewable, biofuel units retaining majority http://hydrocarbonprocessing.com/news/2024/10-1/eni-may-sell-more-stakes-in-renewable-biofuel-units-retaining-majority/ Italy's Eni will decide about additional stake sales in its renewable and biofuel units, its CEO said, keeping in mind that it wants to list them on the stock market and retain the majority of their capital. Neste strengthens chemical recycling logistics infrastructure in Europe with Tepsa Netherlands http://hydrocarbonprocessing.com/news/2024/10-1/neste-strengthens-chemical-recycling-logistics-infrastructure-in-europe-with-tepsa-netherlands/ Neste enhances its chemical recycling capabilities by collaborating with Tepsa Netherlands on the storage and handling of liquefied waste plastic in Rotterdam, the Netherlands.