January 9, 2023
BY Erin Krueger
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XCF Global Inc. on June 24 provided an update on the advancement of its New Rise Renewables Reno facility as it progresses toward initial production during a period of heightened volatility across global fuel markets.
Brazil-based Petrobras on June 17 announced it has completed the production and sale of its first batch of sustainable aviation fuel (SAF) made from CORSIA-certified soybean oil. The soybean oil was sourced from Bunge.
President Donald Trump on June 24 called on Congress to pass E15 legislation and asked lawmakers to approve an additional $11.1 billion in farm aid, including $10 billion in economic support for row and specialty crop farmers.
OMV Petrom SA has concluded a sales contract with OMV Downstream GmbH, a fully owned subsidiary of OMV AG, for part of the sustainable aviation fuel (SAF) and hydrotreated vegetable oil (HVO) to be produced in Petrobrazi refinery.
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.