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CoBank: Path forward for SAF highly dependent on 45Z guidance, long-term incentives

SOURCE: CoBank

October 28, 2024

BY Erin Krueger

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Senate Ag Committee releases draft Farm Bill

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By Erin Krueger

10 hours ago

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The Senate Ag Committee on June 23 released a Farm Bill 2.0 discussion draft. The legislation includes a major revamp of the Section 9003 loan guarantee program, including language allowing grants of up to $10 million for certain eligible projects.

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The USDA on June 18 released data showing the cost of soybean production is expected to increase more than 4% this year, reaching $$683.89 per acre. Per-acre costs are currently expected to expand by an additional 3% in 2027.

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Petrobras on June 19 announced its board of directors has approved a $1.2 billion project to produce sustainable aviation fuel (SAF) and renewable diesel at its existing Presidente Bernardes Refinery (RPBC), located in Cubatão, São Paulo, Brazil.

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EcoCeres announced the extension of its sustainable aviation fuel (SAF) supply agreement with British Airways until the end of 2030. The SAF is produced from 100% waste-based feedstocks, such as used cooking oil (UCO).

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Carbon Direct on June 16 released the Criteria for High-Quality Low Carbon Fuels — a globally applicable, consolidated criteria for high-quality low carbon fuels (LCF) procurement on the voluntary market.

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