SOURCE: U.S. Energy Information Administration
November 8, 2024
BY Erin Voegele
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MOL Group has produced a diesel fuel containing hydrotreated vegetable oil (HVO), and sustainable aviation fuel (SAF) at the refinery of Slovnaft in Bratislava. The quality of the products has been verified by radioisotope analysis.
OMV Petrom has announced the start of construction for a sustainable aviation fuel (SAF) and renewable diesel (HVO) production unit at the Petrobrazi refinery in Romania. The new facility will have an annual capacity of 250,000 tons.
CVR Energy Inc. released fourth quarter financial results on Feb. 18, reporting reduced renewable diesel production. The company also said it is pausing development of SAF capacity pending clarity on government subsidies.
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.
The USDA maintained its forecast for 2024-’25 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Feb. 11. The outlook for soybean oil prices was also unchanged.