June 13, 2022
BY Trucent Separation Technologies LLC
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Neste Corp. released first quarter financial results on April 29, reporting improved renewable fuel demand and increased SAF production. Margins, however, were low and feedstock costs were high.
CVR Energy Inc.’s renewables segment on April 28 reported positive adjusted EBITDA for Q1 2025 despite the expiration of the $1 per gallon blenders tax credit. Renewable diesel production volumes were up for the three-month period.
easyJet and ATOBA Energy, in partnership with World Fuel Services, announce the signing of a memorandum of understanding for the development of long-term supply of SAF for easyJet’s operations in Europe and the U.K.
Phillips 66 released Q1financial results on April 25, reporting reduced pre-tax earnings for its renewable fuels segment despite increased production volumes. The changing tax credit structure is one factor that impacted earnings.
EVA Air announced the signing of sustainable aviation fuel (SAF) procurement agreements with three major suppliers: AEG FUELS from the U.S., COSMO Oil Marketing Co. Ltd. from Japan, and Formosa Petrochemical Corp. from Taiwan.