November 28, 2023
BY Erin Krueger
President Joe Biden on Sept. 9 joined leaders of India, Argentina, Brazil, Italy, Mauritius and the United Arab Emirates to launch the Global Biofuels Alliance. The launch took place on the sidelines of the G20 Summit in New Delhi. Leaders from Bangladesh and Singapore also attended the launch as observer countries to the alliance.
The GBA, an initiative by India as the G20 chair, aims to expedite the global update of biofuels by facilitating technology advancements, intensifying utilization of sustainable biofuels, and shaping robust standard setting and certification through the participation of a wide spectrum of stakeholders, according to a statement released by the G20 Summit. The alliance will also act as a central repository of knowledge and an expert hub, aiming to serve as a catalytic platform to foster global collaboration for the advancement and widespread adoption of biofuels.
A statement released by the White House explains the alliance will focus on securing the supply of biofuels while ensuring biofuels remain affordable and are produced sustainably. Founding members of the alliance will continue outreach with other countries committed to these shared values with the goal of adding more countries to the effort.
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The U.S. Energy Information Administration maintained its forecast for 2025 and 2026 biodiesel, renewable diesel and sustainable aviation fuel (SAF) production in its latest Short-Term Energy Outlook, released July 8.
XCF Global Inc. on July 10 shared its strategic plan to invest close to $1 billion in developing a network of SAF production facilities, expanding its U.S. footprint, and advancing its international growth strategy.
U.S. fuel ethanol capacity fell slightly in April, while biodiesel and renewable diesel capacity held steady, according to data released by the U.S. EIA on June 30. Feedstock consumption was down when compared to the previous month.
XCF Global Inc. on July 8 provided a production update on its flagship New Rise Reno facility, underscoring that the plant has successfully produced SAF, renewable diesel, and renewable naphtha during its initial ramp-up.
The U.S. EPA on July 8 hosted virtual public hearing to gather input on the agency’s recently released proposed rule to set 2026 and 2027 RFS RVOs. Members of the biofuel industry were among those to offer testimony during the event.