May 11, 2022
BY Erin Voegele
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According to a new analysis by NORA, the Northeast heating oil industry has achieved a nearly 26% reduction in GHG emissions through a combination of energy efficiency improvements and increased use of renewable fuels such as Bioheat Fuel
The Treasury Department and IRS on April 30 released new guidance on the SAF tax credit and announced the launch of the 40BSAF-GREET 2024 model, which incorporates a pilot-program to encourage the use of climate-smart ag practices for SAF feedstocks.
Imperial Oil Ltd. on April 26 released first quarter financial results, confirming that construction on its renewable diesel project under development at its Strathcona refinery near Edmonton, Alberta, is progressing as scheduled.
Neste Corp. released first quarter results on April 25, reporting that the company’s operations were negatively impacted by weaker renewable diesel margins during the three-month period. SAF sales volumes are expected to increase throughout 2024.
On April 29, nine trade associations representing feedstock providers, advanced biofuel producers, and low-carbon fuel customers wrote to the U.S. EPA, urging the agency to propose and finalize robust 2026 RFS volumes by the statutory deadline.