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CVR Energy reports profitable Q1 for renewables segment

April 29, 2025

BY Erin Voegele

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Neste reports increased SAF production volumes, low renewables margins for Q1

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By Erin Voegele

10 hours ago

Business Operations 

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.

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easyJet and ATOBA Energy, in partnership with World Fuel Services, announce the signing of a memorandum of understanding for the development of long-term supply of SAF for easyJet’s operations in Europe and the U.K.

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Phillips 66 released Q1financial results on April 25, reporting reduced pre-tax earnings for its renewable fuels segment despite increased production volumes. The changing tax credit structure is one factor that impacted earnings.

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EVA Air announced the signing of sustainable aviation fuel (SAF) procurement agreements with three major suppliers: AEG FUELS from the U.S., COSMO Oil Marketing Co. Ltd. from Japan, and Formosa Petrochemical Corp. from Taiwan.

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The Minnesota Pollution Control Agency on April 22 announced it has awarded a $75,000 grant to University of Minnesota’s Forever Green Initiative, which intends to make camelina a crop of the future that will help the state develop a SAF industry.

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