January 17, 2025
BY Erin Voegele
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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.
The U.S. Department of Commerce’s International Trade Administration has announced the Renewable Energy and Energy Advisory Committee will hold a meeting Feb. 12 in Washington, D.C. The event will also be streamed online.
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.
U.S. operatable biofuel production capacity was unchanged in November 2024, according to data released by the U.S. EIA on Jan. 31. Feedstock consumption was up from both the previous month and November 2023.
Clean Fuels Alliance America hosted its annual Clean Fuels Conference in late January. During the event, experts shared the state of the biobased diesel industry today and the outlook for the near-and long-term.