Data source: Oil Price Information Service and U.S. Bureau of Labor Statistics, Consumer Price Index. / SOURCE: U.S. EIA
February 29, 2024
BY U.S. Energy Information Administration
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North Dakota Gov. Kelly Armstrong on April 15 signed a bill creating a low-carbon fuels fund that is designed to help the state’s ethanol producers lower the CI of the fuel they produce, which could help producers participate in the SAF market.
Germany-based Mabanaft on April 17 announced it started to supply SAF to airlines at Frankfurt Airport in January. The company said it will deliver more than 1,000 metric tons of SAF to the airport this year under the European SAF mandate.
U.S. operable biofuel capacity in February was unchanged from the previous month, according to data released by the U.S. EIA on April 30. Feedstock consumption for February was down when compared to both January 2025 and February 2024.
The Oregon DEQ has confirmed that the 2024 annual report deadline for the state’s Clean Fuels Program will be delayed until May 30 due to a cyberattack the resulted in an extended outage of the Oregon Fuels Reporting System.
Neste Corp. released first quarter financial results on April 29, reporting improved renewable fuel demand and increased SAF production. Margins, however, were low and feedstock costs were high.