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PBF Energy maintains constructive long-term outlook for renewables

August 2, 2024

BY Erin Voegele

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New 40B SAF tax credit guidance addresses use of updated 40BSAF-GREET 2024 model

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By Erin Voegele

3 hours ago

PolicyBusinessSustainable Aviation Fuels

The U.S. Treasury Department and IRS on Oct. 18 issued additional guidance for the 40B SAF tax credit. The new guidance, Notice 2024-74, addresses the use of an updated 40BSAF-GREET 2024 model released by the U.S. Department of Energy in October.

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Argent Energy, a leading European biofuels manufacturer, has officially launched Europe’s largest facility dedicated to producing biobased, technical-grade glycerin at its Port of Amsterdam site in the Netherlands.

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Vietjet on Oct. 11 fueled two flights with sustainable aviation fuel (SAF) supplied by Petrolimex Aviation. The flights departed from Tan Son Nhat International Airport in Ho Chi Minh City and were destined for Australia and South Korea.

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Propel Fuels Inc., a leading retailer of low-carbon fuels at stations throughout California, was awarded victory by a jury in its trade secrets misappropriation case against Phillips 66 Co., following a five-week trial.

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EIA: US capacity to produce biofuels increased 7% in 2023

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By U.S. Energy Information Administration

October 18, 2024

Capacity to produce biofuels increased 7% in the United States during 2023, reaching 24 billion gallons per year (gal/y) at the start of 2024, led by a 44% increase in a category the EIA calls renewable diesel and other biofuels.

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