June 21, 2023
BY Erin Krueger
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American Airlines and Google on June 9 announced a record-breaking agreement for sustainable aviation fuel certificates (SAFc), representing the largest publicly announced SAFc agreement between an airline and a single corporate customer to date.
The USDA maintained its forecast for 2026-’27 soybean oil use in biofuel production in its latest WASDE report, released June 11. The agency revised up its estimate for the volume of soybean oil used to produce biofuel in 2025-’26.
U.S. Agriculture Secretary Brooke Rollins reiterated support for E15 and confirmed that release of USDA feedstock guidance related to the 45Z clean fuel production credit is imminent during a June 10 hearing held by the Senate Agriculture Committee.
Compliance credits for biomass-based diesel and ethanol have doubled in value since the start of this year. The credits, known as RINs, have increased in price, mostly because of higher U.S. biofuel blending targets.
The U.S. EIA increased its forecast for 2026 biodiesel production in its latest Short-Term Energy Outlook. The production forecasts for renewable diesel and “other biofuels,” defined include sustainable aviation fuel (SAF), were maintained.