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Study: US oilseed industry ready to meet higher RFS obligations

SOURCE: National Oilseed Processors Association

July 10, 2024

BY National Oilseed Processors Association

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Petrobras sells first batch of SAF made using Bunge’s CORSIA-certified soybean oil

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By Erin Krueger

4 hours ago

Feedstocks Sustainable Aviation Fuels Business 

Brazil-based Petrobras on June 17 announced is 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.

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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.

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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.

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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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