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IEA predicts 20% growth in renewable fuels by 2030, but says more substantial growth is needed to meet net-zero goals

SOURCE: International Energy Agency

October 10, 2024

BY Erin Voegele

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Biofuel groups urge flexibility in 45Z CSA requirements

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By Erin Voegele

7 hours ago

FeedstocksPolicy

The USDA on Oct. 15 held a third virtual listening session as part of its public consultation on climate-smart ag for biofuel feedstocks. During the event, biofuel groups advocated for flexibility in CSA requirements for the 45Z credit.

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Terviva Inc. on Oct. 15 announced its investment from Chevron Renewable Energy Group. Together, the two companies expect to scale Terviva’s pongamia-growing operations and drive greater availability of pongamia as a biofuel feedstock.

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Honeywell on Oct. 15 announced that St1 has started using Honeywell’s Ecofining technology to produce sustainable aviation fuel (SAF) at its biorefinery in Gothenburg, Sweden. The facility will produce 200,000 tons of renewable fuels annually.

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Soybean oil use for biobased diesel production reached a near-record high in June, but demand for soybean oil feedstock continues to face headwinds from rising imports of UCO and tallow, according to CoBank.

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Formula 1 has been working with DHL Global Forwarding's GoGreen Plus service to reduce its greenhouse gas emissions by around 80% per flight compared to conventional aviation fuel by utilizing sustainable aviation fuel (SAF).

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