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Fuel retailers, coalition applaud Senate bill to extend the biodiesel blenders’ tax credit

December 20, 2024

BY NATSO

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World Biodiesel Day: MOL Group successfully completes another SAF and HVO production test

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By MOL Group

15 hours ago

Advanced Biofuels Business Operations 

In celebration of World Biodiesel Day, MOL Group on Aug. 8 announced SAF was successfully produced for the first time at INA’s Rijeka Refinery during a pilot project to process biocomponent. Renewable diesel was also produced.

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LG Chem and Enilive have taken a major step toward biofuels growth by breaking ground on Korea’s first hydrotreated vegetable oil (HVO) and sustainable aviation fuel (SAF) production plant in LG Chem’s Daesan Chemical Complex.

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Chevron Lummus Global announced a successful commercial test for coprocessing biogenic feedstocks and fossil feedstocks at INA Group's Rijeka Refinery in Croatia. SAF and renewable diesel were produced during the test.

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Phillips 66 on July 25 released Q2 financial results, reporting the company’s Rodeo Renewable Energy Complex in California continues to run at reduced rates due to market conditions. Pre-tax income for the renewables segment was up when compared to Q1.

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While final IRS guidance is still pending, the foundation of the 45Z program is well defined. Clean fuel producers should no longer be waiting; they can now move forward with critical planning and preparation, according to EcoEngineers.

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