Phillips 66 on Oct. 29 reported that its renewable fuels segment was impacted by lower margins during Q3, but company officials expect margins to improve moving forward. The company also reported it began producing SAF in September.
Italian energy company Eni and U.S.-based KKR on Oct. 24 announced an agreement under which KKR will purchase a 25% stake in Eni’s Enilive business, which encompasses the company’s biorefining, biomethane, and smart mobility solutions businesses.
SAF offers a significant opportunity for growth in the biofuel sector and a new revenue stream for farmers, but realizing that potential will depend on the establishment of favorable policies and adequate incentives, according to CoBank.
New York City officials on Oct. 21 announced that the Staten Island Ferry and NYC Ferry will begin testing the use of renewable diesel fuel, a petroleum-free alternative to traditional diesel fuel that reduces carbon emissions by 60% or more.
DHL Express and DHL Global Forwarding are furthering their sustainability goals through a contract renewal with IAG Cargo, the cargo handling division of International Airlines Group, to use an additional 60 million liters of SAF on behalf of DHL.
Neste Corp. on Oct. 24 released third quarter financial results, reporting that its renewables segment has been impacted by overcapacity and lower-than-expected voluntary demand for sustainable aviation fuel (SAF).
Valero Energy Corp. released Q3 financial results on Oct. 24, reporting increased production for both its ethanol and renewable diesel segments. Valero’s SAF project is expected to be fully operational before the end of the year.
Montana Renewables LLC has delivered its first shipment of 7,000 gallons of SAF to Dearborn, Michigan's Buckeye Pipeline facility. From there, the fuel will be transported to the Detroit Metropolitan Airport via pipeline for use by Delta Air Lines.
The Philippines on Oct. 1 increased its coco-methyl ester (CME) biodiesel mandate from B2 to B3, according to a report filed with the USDA FAS. The mandate is scheduled to increase to 4% in October 2025 and 5% in October 2026.
Signature Aviation has announced the expansion of its blended SAF offering to six new locations across the U.S. following a blended SAF supply agreement with Valero Marketing and Supply Co. a subsidiary of Valero Energy Corp.
Avfuel Corp. has announced its expansion of blended sustainable aviation fuel (SAF) across the southeastern United States supplied from Valero Marketing and Supply Co., a subsidiary of Valero Energy Corp.
Rep. Brad Schneider, D-Ill., on Oct. 22 introduced the Expanding Clean Fuel Production Act. The bill aims to extend the 45z clean fuel production credit for 10 additional years, through 2037. The credit is currently in place through 2027.
E2 on Oct. 15 released a new analysis on the Inflation Reduction Act’s impact along with a survey of more than 900 businesses that indicates repealing or rolling back the IRA’s provisions would result in losses, layoffs and closures.
European Biodiesel Board achieves major success in fight against unfair Indonesian biodiesel imports
The European Biodiesel Board on Oct. 17 obtained a favorable judgement from the Court of Justice, which rejected the appeal filed against the judgment of the General Court delivered on Dec. 14, 2022.
Universal Fuel Technologies (Unifuel) has closed $3 million in funding for its Flexiforming technology that cuts SAF production costs by up to 50%, and the related carbon emissions by up to 75%. The seed round was led by TO VC.
New Energy Risk, a wholly owned division of Paragon Insurance Group, and Ecostrat on Oct. 22 announced a partnership to develop Feedstock Supply Insurance, an insurance offering that aims to mitigate risk in biomass feedstock supply chains.
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.
The U.S. Supreme Court on Oct. 21 granted a petition to review the U.S. Court of Appeals for the Fifth Circuit’s November 2023 decision related to the administration of small refinery exemptions (SREs) under the Renewable Fuel Standard.
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.
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.
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.
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.
More than 1.99 billion RINs were generated under the RFS in September, up from 1.96 billion generated during the same month of last year. Total RIN generation for the first nine months of the year reached 18.58 billion
The U.S. EPA on Oct. 17 released updated SRE data, reporting that 129 SRE petitions are now pending under the RFS, up from 50 as of mid-September. No new petitions were filed, but nearly 80 previously denied petitions are being reevaluated.
Southwest Airlines Co. on Oct. 17 announced a SAF supply agreement with Valero Marketing and Supply Co., a subsidiary of Valero Energy Corp., to bring SAF to Chicago Midway International Airport in the state’s largest announced SAF supply agreement.
Verne, a provider of sustainable data center solutions for high intensity computing, is transitioning to renewable fuels by using Neste MY Renewable Diesel to power backup generators at data centers in Helsinki, Pori and Tampere in Finland.
NATSO, representing America's travel centers and truck stops, SIGMA: America's Leading Fuel Marketers, and the National Association of Convenience Stores, are applauding Rep. Mike Carey, R-Ohio, for urging his colleagues to support H.R. 9060.
The USDA’s Rural Business-Cooperative Service on Oct. 16 issued a notice of funding opportunity (NOFO) for the Rural Energy for America Program. The notice applies to fiscal year (FY) 2025, 2026 and 2027 awards.
Calumet Inc. announced on Oct. 16 that the U.S. Department of Energy Loan Programs Office has awarded a conditional commitment for a loan guarantee of up to $1.44 billion to fund SAF capacity expansion at Montana Renewables LLC.
American Farm Bureau President Zippy Duvall on Oct. 15 urged the administration to prioritize American-grown crops in the production of sustainable fuels during a meeting at the White House organized by the AFBF.
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