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Lifting Up Production

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December 16, 2022

BY Katie Schroeder

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SK Energy to start commercial production of SAF in South Korea

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By SK Energy

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On Sept. 11, SK Energy, the largest refiner in South Korea and a subsidiary of SK Innovation, announced the completion of the nation’s first dedicated sustainable aviation fuel (SAF) production line.

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Neste has revised down its 2024 guidance for renewable products, citing substantially reduced diesel prices. The company said waste and residue feedstock prices have not decreased and renewable product market price premiums have remained weak.

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Tidewater Renewables Ltd. on Aug. 15 reported that its biorefinery in Prince George, British Colombia, operated at near capacity during Q2. Work is progressing on a potential SAF project and the company is working to improve financial liquidity.

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More than 2.24 billion RINs were generated under the RFS in July, up from 1.99 billion generated during the same period of last year. Total RIN generation for the first seven months of 2024 reached 14.42 billion.

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Calumet Inc. on Aug. 9 released Q2 financial results for Calumet Specialty Products Partners L.P., reporting the company’s Montana Renewables business achieved record SAF production of approximately 7 million gallons.

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