SOURCE: BP
June 21, 2024
BY Erin Voegele
Advertisement
Advertisement
TotalEnergies and Quatra, the European market leader in the collection and recycling of used cooking oil, have signed a 15-year agreement beginning in 2026, for the supply of 60,000 tons a year of European used cooking oil.
Neste has reached an agreement with Amazon to provide 7,500 metric tons (2.5 million gallons) of neat Neste MY Sustainable Aviation Fuel for its Amazon Air cargo operations at two California airports through to the end of 2025.
The Senate Finance Committee on June 17 released legislation that extends the 45Z credit but proposes changes that would cut the value of the credit by 20% for fuels made from imported feedstocks and alter the value of the credit for SAF.
TotalEnergies has announced the company expects its facilities will be able to produce more than half a million tons of SAF a year by 2028 to cover the increase in the European SAF blending mandate, set at 6% for 2030.
The California Assembly on May 23 voted 71 to zero in favor of a bill that aims to expedite the development of up to three SAF projects by allowing the governor to streamline legal challenges resulting from certain environmental review procedures.