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Montana Renewables receives first tranche of $1.44 billion DOE loan guarantee

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By Erin Voegele

February 19, 2025

Sustainable Aviation Fuels Business 

Calumet Inc. on Feb. 18 announced that its subsidiary Montana Renewables LLC has received the first drawdown of approximately $782 million from its $1.44 billion U.S. DOE loan guarantee. The loan will fund the expansion of SAF production capacity.

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Neste Corp. on Feb. 13 released fourth quarter financial results, reporting that its renewables segment was impacted by both market and operational challenges during the three-month period. Sustainable aviation fuel (SAF) sales, however, were up.

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At the FrontFuel SynFuels demonstration project in Foulum, Denmark, Topsoe and Sasol have successfully converted biogas and CO2 to a synthetic crude.

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Key players in Europe’s aviation industry, including airlines, airports and manufacturers have outlined to EU policymakers seven critical measures to stimulate sustainable aviation fuel (SAF) production in Europe.

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To further strengthen their collaboration on reducing emissions in logistics, DHL Group and Neste have agreed to jointly evaluate how Neste’s renewable solutions, such as renewable diesel and SAF, can support DHL in its decarbonization targets.

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Avfuel Corp. on Jan. 31 announced it is expanding the availability of sustainable aviation fuel (SAF) by offering the fuel at three additional supply terminals located in Linden, New Jersey; Pasadena, Texas; and Florida’s Port Everglades.

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The U.K. Department for Transport has announced it will invest £63 million over the next year under its Advanced Fuels Fund to support SAF producers. The agency also issued a response to its consultation on a revenue certainty mechanism for SAF.

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Moeve and Norwegian signed a contract to accelerate the decarbonization of air transport between Spain and the Nordic region by promoting SAF. Moeve produces SAF at its La Rábida Energy Park (Huelva) from used cooking oils.

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The Singapore Airlines (SIA) Group has signed a memorandum of understanding (MoU) to potentially source neat sustainable aviation fuel (SAF) from Aether Fuels, which plans to commence production in five years.

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IATA releases SAF accounting and reporting methodology

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By International Air Transport Association

February 05, 2025

The International Air Transport Association on Jan. 31 released its methodology for accounting and reporting the emissions reduction associated with the use of sustainable aviation fuel (SAF) by airlines.

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Phillips 66 on Jan. 31 released fourth quarter financial results, reporting improved earnings for its renewable fuels segment on higher margins for its Rodeo complex in California and stronger international results.

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Valero Energy Corp. on Jan. 30 released Q4 financial results, reporting that both its ethanol and renewable diesel segments were profitable during the period. The company also announced that its SAF project in Texas is fully operational.

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Calumet on Jan. 28 announced disbursement of the first tranche of its $1.44 billion U.S. DOEloan guarantee to support the expansion of SAF production at its Montana Renewables facility will be delayed to allow review by the Trump administration.

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Rep. Beth Van Duyne, R-Texas, on Jan. 16 introduced a bill that aims to repeal the Section 45Z clean fuel production credit. The tax credit, established by the IRA, supports the production of various low-carbon transportation fuels.

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DHL Express has signed a deal with Cosmo Oil Marketing Co. Ltd. for the purchase of sustainable aviation fuel (SAF) to drive emission-reduced air freight in Japan. The deal represents an annual purchase of 7.2 million liters of SAF.

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SAF Magazine, in collaboration with the CAAFI, has announced the 2025 North American SAF Conference & Expo will be held Sept. 22-24 in Minneapolis, Minnesota, at the Minneapolis Convention Center. Speaker abstracts can be submitted through May 9.

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OMV and Airbus have signed a memorandum of understanding to advance the decarbonization of the aviation industry through SAF. The companies will explore joint solutions to broaden the voluntary access to SAF for various customer groups.

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Enilive has announced commissioning is underway at it’s the Gela biorefinery in on the Italian island of Sicily. The facility has the capacity to produce 400,000 metric tons per year of sustainable aviation fuel (SAF).

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Topsoe has signed an agreement with Chuangui New Energy company to provide technology and services to produce SAF and renewable diesel. Construction on the project has begun and the facility is expected to be operational in December 2026.

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Sen. Jerry Moran, R-Kan., and a bipartisan groups of colleagues on Jan. 16 reintroduced the Farm to Fly Act, a bill that aims to accelerate the production and development of sustainable aviation fuel (SAF).

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Wizz Air, Airbus, as well as Moeve and Charleroi Airport, on Jan. 16 announced the successful completion of sustainable aviation fuel (SAF) operational trial. During the trial, Wizz Air operated more than 50 flights using a blend of SAF.

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Terviva Inc. on Jan. 14 announced a strategic investment from Idemitsu Kosan Co. Ltd. Idemitsu, in partnership with Terviva and Australia-based Stanmore is beginning a trial plantation of Terviva’s pongamia in Queensland, Australia.

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London-based Heathrow Airport on Jan. 10 announced it targeting 5% sustainable aviation fuel (SAF) use in 2025. To support that goal, the airport is offering £86 million ($105.27 million) to airlines under its pioneering SAF incentive scheme.

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The U.S. DOE, USDA and FAA on Jan. 13 released Sustainable Aviation Fuel (SAF) Grand Challenge 2021-2024 Progress Report, which underscores the importance of continued investment in the rapidly growing biofuels industry.

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The U.S. EIA maintained its forecasts for 2025 renewable diesel and biodiesel production in its latest Short-Term Energy Outlook, released Jan. 14. The 2025 outlook for “other biofuel” production, including SAF, was also unchanged.

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Calumet Inc. on Jan. 10 announced the closing of a $1.44 billion U.S. Department of Energy loan guarantee to fund construction of Montana Renewables’ MaxSAF initiative, which aims to boost SAF capacity at the biorefinery to 300 MMgy.

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On Jan, 7, the Oregon Department of Environmental Quality approved NXTClean Fuel’s 401 water permit, confirming that NXTClean’s renewable fuels facility can safely operate within Oregon’s strict environmental protection regulations.

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SK Energy has successfully exported sustainable aviation fuel (SAF) to Europe, marking a first for a Korean refiner. This milestone comes just four months after the company commenced commercial production, completing a global value chain for SAF.

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The U.K.’s sustainable aviation fuel (SAF) mandate officially came into force on Jan. 1. By law, SAF must now account for at least 2% of all jet fuel in flights taking off from the U.K. The mandate is set to expand to 10% in 2030 and 22% in 2040.

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Moeve and easyJet have signed a memorandum of understanding to accelerate the decarbonization of air transport by promoting SAF. The agreement gives easyJet access to SAF for six years on the airline’s route network in Spain.

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