Brazil offers more than $1 billion to support the development of SAF, marine biofuel projects
August 27, 2024
BY Erin Voegele
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Rayonier Advanced Materials Inc. on July 31 announced the signing of a MOU with GranBio LLC to jointly explore the development of a small-scale commercial cellulosic sustainable aviation fuel (SAF) facility co-located at RYAM’s Jesup, Georgia site.
CVR Energy Inc. on July 30 reported its renewables segment achieved increased throughput during Q2 despite unplanned downtime but reported a net loss of $11 million. The company expects to retroactively claim the 45Z credit for volumes produced.
Total U.S. operable biofuels production capacity expanded in May, with gains for renewable diesel and a small decrease for ethanol, according to data released by the U.S. Energy Information Administration. Feedstock consumption was up.
SAF-producer XCF Global Inc. on July 28 announced it has signed an exclusive, non-binding indication of intent (IOI) with a renewable fuels infrastructure and feedstock solutions company based in the western U.S.
The European Commission on July 28 approved a €36 million ($41.07 million) Danish state aid scheme designed to encourage airlines operating in Denmark to use sustainable aviation fuel (SAF) on domestic routes.
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