CEO Alexis von Hoensbroech attends 24th World Petroleum Congress. From left: Paul Hickin, Editor-in-Chief, Petroleum Economist, Josu Jon Imaz, CEO, Repsol, Julie Sweet, Chair & CEO, Accenture and Alexis von Hoensbroech, CEO, WestJet Group.
September 20, 2023
BY WestJet
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U.S. Treasury Secretary Scott Bessent on June 12 committed to implementing upcoming changes to the 45Z clean fuel production credit “in the most robust way” and ensuring foreign actors do not have a backdoor into the program.
Total U.S. biofuels production, including ethanol, renewable diesel, biodiesel and other biofuels, including SAF, averaged a record 1.39 million barrels per day last year, according to data released by the U.S. EIA on June 9.
Neste and Chevron Lummus Global have joined forces to develop a new technology enabling conversion of lignocellulosic biomass into high-quality, lower-emission renewable fuels, such as sustainable aviation fuel (SAF) and renewable diesel.
The U.S. EIA reduced its 2025 and 2026 production forecasts for a category of biofuels that includes SAF in its latest Short-Term Energy Outlook, released June 10. The forecast for 2025 renewable diesel production was also revised down.
SkyNRG on June 5 released its fifth Sustainable Aviation Fuel Market Outlook. The report, developed in collaboration with ICF, highlights the need to scale up technologies and feedstocks that are an alternative to HEFA fuels.