CoBank says 2023 outlook for biofuels is “very strong”
December 15, 2022
BY Erin Krueger
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Avfuel Corp., the leading independent supplier of aviation fuel and services, is expanding its sustainable aviation fuel (SAF) footprint with the addition of a new, strategic supply point in Denver, Colorado—the first of its kind in the region.
CVR Energy Inc. on July 30 reported its renewables segment achieved increased throughput during Q2 despite unplanned downtime but reported a net loss of $11 million. The company expects to retroactively claim the 45Z credit for volumes produced.
Total U.S. operable biofuels production capacity expanded in May, with gains for renewable diesel and a small decrease for ethanol, according to data released by the U.S. Energy Information Administration. Feedstock consumption was up.
SAF-producer XCF Global Inc. on July 28 announced it has signed an exclusive, non-binding indication of intent (IOI) with a renewable fuels infrastructure and feedstock solutions company based in the western U.S.
The European Commission on July 28 approved a €36 million ($41.07 million) Danish state aid scheme designed to encourage airlines operating in Denmark to use sustainable aviation fuel (SAF) on domestic routes.
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