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Australia’s 2024-2025 budget includes support for SAF, renewable hydrogen

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By Erin Voegele

May 21, 2024

Sustainable Aviation FuelsPolicyBusinessHydrogen

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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Signature Aviation, the world’s largest network of private aviation terminals, announced a new milestone in sustainability by bringing a 100% supply of blended Neste MY Sustainable Aviation Fuel to its Los Angeles International Airport location.

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Calumet Specialty Products Partners L.P. on May 10 reported that operations at its Montana Renewables biorefinery improved sequentially through Q1 and was operating at planned production levels in April, producing both renewable diesel and SAF.

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Aemetis Inc. released Q1 results on May 9, reporting increased revenues. Company officials confirmed the company’s biodiesel, RNG and ethanol segments performed well during the quarter and provided an update of proposed SAF and CCS projects.

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Tidewater Renewables Ltd. on May 9 reported that its renewable diesel facility in Prince George, British Columbia operated well during the first quarter. The company also made significant progress on FEED for its proposed SAF project.

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Vertex Energy Inc. on May 9 announced it will cease renewable diesel production at its refinery in Mobile, Alabama, and return the previously converted hydrocracker unit to fossil fuel production later this year.

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GROWMARK Inc. has partnered with Optimus Technologies Inc., to test biodiesel in five semi-tractors in GROWMARK’s Manito Transit fleet as a potential pathway for transitioning the entire fleet to low-carbon fuels.

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Boston Consulting Group on May 7 announced it has signed an agreement for the purchase of sustainable aviation fuel certificates (SAFc) with World Energy, the sustainable aviation fuel (SAF) producer and low-carbon solutions provider.

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Clean Fuels Alliance America announced an uptick in membership reflecting growing interest in low-carbon liquid fuels in addition to recent changes within its governing board.

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PBF Energy Inc. on May 2 announced that its St. Bernard Renewables facility operated well during the first quarter of this year, producing an average of 18,000 barrels per day of renewable diesel during the quarter.

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Topsoe has signed an agreement with Guangxi Hongkun Biomass to provide its HydroFlex technology to produce SAF at the company’s plant in the Qinzhou Port Area Free Trade Pilot Zone of Guangxi, China.

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The USDA’s Agricultural Research Service, the University of Nebraska–Lincoln, and Nebraska Innovation Campus on May 6 celebrated the groundbreaking of the National Center for Resilient and Regenerative Precision Agriculture.

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Holland America Line announced the start of a long-term biofuel test on its flagship, Rotterdam, leveraging 100% low carbon intensity biofuel while sailing within the Norwegian World Heritage Fjords.

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Topsoe has signed an agreement with Cepsa to provide its HydroFlex technology for the production of sustainable aviation fuel (SAF) and renewable diesel at a new biorefinery under development by Cepsa in Spain.

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CVR Energy Inc. on April 30 confirmed that the feedstock pretreatment unit at the Wynnewood biorefinery in Oklahoma has begun operations. The company also continues to evaluate the development of two proposed SAF projects.

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In the journey to decarbonize the aviation industry, the production of sustainable aviation fuel (SAF) has gained significant attention. One method of SAF production, known as co-processing, has emerged as a viable solution in the here and now.

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SkyNRG and AEG Fuels completed the delivery of sustainable aviation biofuels for the Bombardier Business Aircraft demonstration fleet flying from KLM Jet Center in Amsterdam, Netherlands to the EBACE in Geneva, Switzerland.

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The Treasury Department and IRS on April 30 released new guidance on the SAF tax credit and announced the launch of the 40BSAF-GREET 2024 model, which incorporates a pilot-program to encourage the use of climate-smart ag practices for SAF feedstocks.

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Renewable Fuels Month highlights the importance of renewable biofuels, such as ethanol and biodiesel, especially for Nebraskans, according to Fueled by Nebraska, a partnership of Nebraska biofuel and ag organizations.

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Imperial Oil Ltd. on April 26 released first quarter financial results, confirming that construction on its renewable diesel project under development at its Strathcona refinery near Edmonton, Alberta, is progressing as scheduled.

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Neste Corp. released first quarter results on April 25, reporting that the company’s operations were negatively impacted by weaker renewable diesel margins during the three-month period. SAF sales volumes are expected to increase throughout 2024.

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On April 29, 40 companies and organizations that hold a stake in the development and deployment of sustainable aviation fuel united to announce the formation of the Sustainable Aviation Fuel (SAF) Coalition.

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Aemetis Inc. has announced it is implementing the Microsoft Dynamics enterprise resource planning (ERP) system worldwide for all Aemetis operations in the U.S. and India to support current operations and expansion projects.

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Valero Energy Corp. on April 25 announced that its SAF project in Texas is progressing ahead of schedule and expected to be operational this year. The company also reported its ethanol and renewable diesel operations were profitable during Q1.

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