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SkyNRG releases SAF market outlook 2024

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By SkyNRG

June 13, 2024

Sustainable Aviation FuelsBusinessPolicyMarkets

The SkyNRG Sustainable Aviation Fuel Market Outlook covers the current state and trends of the SAF market in the EU and U.K., the U.S. and rest of the world by assessing announcements of SAF projects and mapping out the capacity until 2050.

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Romania-based oil company OMV Petrom on June 11 announced it will move forward with plans to convert its Petrobrazi refinery in Brazi, Romina, to produce renewable diesel and sustainable aviation fuel (SAF).

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Carbon Clean and AGRA Industries have signed an MOU to provide Carbon Clean’s semi-modular CaptureX technology to companies in agriculture-related sectors, including the production of biofuel, ethanol and sustainable aviation fuel (SAF).

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Reps. Sharice Davids, D-Kan., and Dusty Johnson, R-S.D., on June 10 launched the Congressional Sustainable Aviation Caucus, which aims to keep lawmakers informed on initiatives to improve aviation sustainability, including those related to SAF.

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Nexus PMG, a global leader in low-carbon infrastructure, advisory, development and investment, has invested in Saola Energy, a provider of advanced technology and engineering solutions for manufacturers in the renewable fuels industry.

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The International Air Transport Association announced that its projections for a tripling of sustainable aviation fuels (SAF) production in 2024 to 1.9 billion liters (1.5 million metric tons) are on track.

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The U.S. exported 60,273.9 metric tons of biodiesel and biodiesel blends of B30 and greater in April, according to data released by the USDA Foreign Agricultural Service on June 6. Biodiesel imports were at 207,932.6 metric tons for the month.

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The U.S. EPA is seeking nominations for a diverse range of qualified candidates to be considered for appointment to its Mobile Sources Technical Review Subcommittee, including those with experience in the biofuels and agriculture industries.

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Finnish Valtra has reached a significant milestone by having used 5 million liters of Neste MY Renewable Diesel as a factory-fill fuel as well as in testing and in its factory forklift trucks at its Suolahti factory in Finland.

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The U.S. Department of Energy Bioenergy Technologies Office has released a Summary Report from a September 2023 Request for Information (RFI) on building supply chains to meet Sustainable Aviation Fuel (SAF) Grand Challenge goals.

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ISO recently announced the publication of ISO 8217:2024, an updated version of the specification for fuel use in marine applications. The new spec sets forth detailed requirements for marine fuels, including biodiesel blends up to B100.

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The International Air Transport Association announced that it will establish the SAF Registry to accelerate the uptake of sustainable aviation fuels (SAF) by authoritatively accounting and reporting emissions reductions from SAF.

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U.S. biofuels operable production capacity expanded slightly in March, according to data released by the U.S. Energy Information Administration on May 31. Feedstock consumption was up when compared to both the previous month and March 2023.

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The USDA is seeking information from the public on protocols that may be considered for inclusion in a new Greenhouse Gas Technical Assistance Provider and Third-Party Verifier Program, the main program of the Growing Climate Solutions Act.

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Vietnam Airlines has operated its first flight using Neste MY Sustainable Aviation Fuel. A Vietnam Airlines Airbus A321 was refueled with blended SAF at Changi Airport in Singapore for its return flight to Hanoi, Vietnam on May 27.

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Ethanol Producer Magazine announced this week the six companies selected to pitch to a group of investors at Pitch Day at the 2024 International Fuel Ethanol Workshop & Expo, taking place June 10-12 in Minneapolis, Minnesota.

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Avfuel Corp., one of business aviation’s leading suppliers of sustainable aviation fuel (SAF), marks a new milestone in its SAF supply journey, expanding its supply globally to three French airports.

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Neste has further expanded its capability to supply sustainable aviation fuel to customers in Europe in cooperation with VTTI, a global leader in energy storage and developer of energy infrastructure.

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Embraer, a global leader in aerospace innovation, on May 23 announced a landmark agreement with Avfuel to increase its uptake of Neste MY Sustainable Aviation Fuel (SAF) at Melbourne Orlando International Airport (KMLB) to one load per week.

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Vestas has announced its technicians and jack-up vessel crew will use helicopters partly powered by SAF to transport themselves to and from the Baltic Eagle wind farm during the construction phase of 50 offshore wind turbines.

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The U.S. DOE’s Bioenergy Technologies Office awarded $2.18 million in funding to four additional projects as part of the Feedstock-Conversion Interface Consortium (FCIC) 2023 Cooperative Research and Development Agreement (CRADA) call.

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Sustainability solutions provider Azzera has added an industry-first sustainable aviation fuel (SAF) management module to its CELESTE B2B Software-as-a-Service (SaaS) platform.

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The House Committee on Agriculture on May 17 released a discussion draft of its version of the 2024 Farm Bill, formally titled the “Farm, Food, and National Security Act of 2024.” The committee is scheduled begin markup of the bill on May 23.

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The Australian government on May 14 released its $22.7 billion 2024-2025 budget. The plan, in part, includes provisions that aim to support the commercialization of net-zero technologies, such as SAF and renewable hydrogen.

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The Chemical Catalysis for Bioenergy Consortium, a consortium of the U.S. DOE’s Bioenergy Technologies Office, has launched an effort that aims to gather community input on the development of new biomass processing facilities.

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A full range of new Volvo truck models can now be powered by 100% biodiesel, offering another renewable fuel choice for customers looking to reduce CO2 emissions from transport here and now.

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More than 2.06 billion RINs were generated under the Renewable Fuel Standard in April, up from 1.84 billion generated during the same month of last year, according to data released by the U.S. EPA on May 16.

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The U.S. EPA released updated small refinery exemption (SRE) data on May 16, reporting that no new SRE petitions have been filed under the Renewable Fuel Standard in the past month. A total of 38 SRE petitions remain pending.

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Europe-based airline Ryanair has extended its partnership with Trinity College Dublin by making an additional €2.5 million donation (€4 million total) to fund the Ryanair Sustainable Aviation Research Centre.

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Emirates has taken delivery of SAF from Shell Aviation at London Heathrow Airport. Over 3,000 metric tons of neat SAF, blended with conventional jet fuel, will be supplied into the fueling infrastructure network of the airport.

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