SOURCE: U.S. Department of Energy
December 26, 2024
BY U.S. Department of Energy
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Terviva Inc. on Jan. 14 announced a strategic investment from Idemitsu Kosan Co. Ltd. Idemitsu, in partnership with Terviva and Australia-based Stanmore is beginning a trial plantation of Terviva’s pongamia in Queensland, Australia.
London-based Heathrow Airport on Jan. 10 announced it targeting 5% sustainable aviation fuel (SAF) use in 2025. To support that goal, the airport is offering £86 million ($105.27 million) to airlines under its pioneering SAF incentive scheme.
The U.S. DOE, USDA and FAA on Jan. 13 released Sustainable Aviation Fuel (SAF) Grand Challenge 2021-2024 Progress Report, which underscores the importance of continued investment in the rapidly growing biofuels industry.
The U.S. EIA maintained its forecasts for 2025 renewable diesel and biodiesel production in its latest Short-Term Energy Outlook, released Jan. 14. The 2025 outlook for “other biofuel” production, including SAF, was also unchanged.
Calumet Inc. on Jan. 10 announced the closing of a $1.44 billion U.S. Department of Energy loan guarantee to fund construction of Montana Renewables’ MaxSAF initiative, which aims to boost SAF capacity at the biorefinery to 300 MMgy.