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Petrobras sells first batch of SAF made using Bunge’s CORSIA-certified soybean oil

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By Erin Krueger

June 24, 2026

Feedstocks Sustainable Aviation Fuels Business 

Brazil-based Petrobras on June 17 announced it has completed the production and sale of its first batch of sustainable aviation fuel (SAF) made from CORSIA-certified soybean oil. The soybean oil was sourced from Bunge.

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President Donald Trump on June 24 called on Congress to pass E15 legislation and asked lawmakers to approve an additional $11.1 billion in farm aid, including $10 billion in economic support for row and specialty crop farmers.

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OMV Petrom SA has concluded a sales contract with OMV Downstream GmbH, a fully owned subsidiary of OMV AG, for part of the sustainable aviation fuel (SAF) and hydrotreated vegetable oil (HVO) to be produced in Petrobrazi refinery.

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The Senate Ag Committee on June 23 released a Farm Bill 2.0 discussion draft. The legislation includes a major revamp of the Section 9003 loan guarantee program, including language allowing grants of up to $10 million for certain eligible projects.

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The USDA on June 18 released data showing the cost of soybean production is expected to increase more than 4% this year, reaching $$683.89 per acre. Per-acre costs are currently expected to expand by an additional 3% in 2027.

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Petrobras on June 19 announced its board of directors has approved a $1.2 billion project to produce sustainable aviation fuel (SAF) and renewable diesel at its existing Presidente Bernardes Refinery (RPBC), located in Cubatão, São Paulo, Brazil.

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BHP and the Global Centre for Maritime Decarbonisation have blended biofuels from two distinct feedstocks—UCO and waste animal fats —and introduced the lower-emissions marine fuel into a BHP-chartered bulk carrier as part of a pilot project.

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NYK has commenced a one-year long-term trial involving the continuous use of 100% biofuel (B100) on an NYK-operated car carrier. The initiative is designed to evaluate the fuel’s effects on the vessel’s equipment and verify operational safety.

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EcoCeres announced the extension of its sustainable aviation fuel (SAF) supply agreement with British Airways until the end of 2030. The SAF is produced from 100% waste-based feedstocks, such as used cooking oil (UCO).

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Carbon Direct on June 16 released the Criteria for High-Quality Low Carbon Fuels — a globally applicable, consolidated criteria for high-quality low carbon fuels (LCF) procurement on the voluntary market.

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The U.S. EPA on June 18 released data showing nearly 2.02 billion RINs were generated under the RFS in May, up nearly 4% when compared to the same month of last year. Total RIN generation for the first five months of 2026 reached 9.66 billion.

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The U.S. EPA on June 18 released updated Renewable Fuel Standard data, reporting that no new small refinery exemption (SRE) petitions were filed under the program during the past month. A total of 40 SRE petitions remain pending.

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Data released by the U.S. EPA on June 18 indicates D4, D5 and D6 RINs were trading at significantly higher prices in May 2026 than they were one year ago. The average price of D3 RINs was down slightly.

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Honeywell on June 17 announced that its modular Ecofining process technology, specialized pumps, compressors, and integrated control and safety systems will help drive SAF and renewable diesel production for Acelen Renewables’ biorefinery.

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The government of Alberta, Canada, on June 12 launched an effort to update its renewable fuels standard (RFS) program, which has been in effect since 2011. The province aims to implement updates by Jan. 1, 2028.

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The USDA on June 15 delivered a final rule to the White House Office of Management and Budget that would, in part, “simplify and streamline requirements and processes” for the Rural Energy for America Program.

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Braya Renewable Fuels on June 15 celebrated an exciting milestone for the Come By Chance refinery when it completed its first sale of renewable diesel for the Canadian market. The transaction was for 100,000 barrels of renewable diesel.

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XCF Global Inc. on June 16 announced that its New Rise Renewables Reno facility has advanced its production-start sequence, following the previously announced successful receipt and loading of process catalyst announced earlier this month.

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Sen. Chuck Grassley, R-Iowa, on June 12 pressed Hal Duncan, President Donald Trump’s nominee to serve as deputy director of the White House OMB on the current status of USDA’s 45Z feedstock rule, which has been under OMB review since early April.

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The U.K. Department for Transport on June 16 announced plans to launch a new £219 million low carbon fuels fund to support domestic SAF production. The agency also launched a call for evidence regarding expected SAF supplies.

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A comprehensive new study from S&P Global Energy finds expanded biofuel demand could transform American agriculture, reignite rural economies and provide global food and energy security. The study was commissioned by USFRA.

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Honeywell has announced the new brand identities for its automation and aerospace businesses ─ Honeywell Technologies and Honeywell Aerospace. These will become two independent, publicly traded companies on June 29, 2026.

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The 2026 International Fuel Ethanol Workshop & Expo (FEW) concluded after three days of education, networking and collaboration that highlighted the ethanol industry's continued commitment to expansion, innovation and operational excellence.

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Colorado Gov. Jared Polis on June 3 signed HB 26-1289, a legislative tax package that creates a new tax credit to encourage the purchase of SAF. The bill also repeals an existing tax credit that supports construction of SAF facilities.

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On June 15, the EPA-established effective date for the 2026-2027 Renewable Fuel Standard volumes, Clean Fuels Alliance America delivered a letter to President Donald Trump once again thanking the administration and EPA for the historic volumes.

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Louis Dreyfus Co. announced on June 8 a strategic investment in the construction of a new plant to process sunflower seeds and soybeans at the site of its existing facility in Bahía Blanca, Buenos Aires Province, Argentina.

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The U.S. DOE on June 12 released an update of its 45ZCF-GREET model, which is used to calculate fuel emissions rates for the 45Z clean fuel production credit. Release of the model provides much-needed certainty for the U.S. renewable fuel industry.

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Japan Airlines Co. Ltd, Showa Sangyo Co. Ltd., Boso oil and fat Co. Ltd, Phytochem Products Inc. and Tohoku University have jointly announced the commencement of a biodiesel demonstration project at Yamagata Airport.

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American Airlines and Google on June 9 announced a record-breaking agreement for sustainable aviation fuel certificates (SAFc), representing the largest publicly announced SAFc agreement between an airline and a single corporate customer to date.

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The USDA maintained its forecast for 2026-’27 soybean oil use in biofuel production in its latest WASDE report, released June 11. The agency revised up its estimate for the volume of soybean oil used to produce biofuel in 2025-’26.

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