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Illinois announces incentives for SAF project under development at previously shuttered ethanol plant

October 2, 2024

BY Erin Voegele

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New 40B SAF tax credit guidance addresses use of updated 40BSAF-GREET 2024 model

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By Erin Voegele

3 hours ago

PolicyBusiness

The U.S. Treasury Department and IRS on Oct. 18 issued additional guidance for the 40B SAF tax credit. The new guidance, Notice 2024-74, addresses the use of an updated 40BSAF-GREET 2024 model released by the U.S. Department of Energy in October.

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Vietjet on Oct. 11 fueled two flights with sustainable aviation fuel (SAF) supplied by Petrolimex Aviation. The flights departed from Tan Son Nhat International Airport in Ho Chi Minh City and were destined for Australia and South Korea.

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EIA: US capacity to produce biofuels increased 7% in 2023

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By U.S. Energy Information Administration

October 18, 2024

Capacity to produce biofuels increased 7% in the United States during 2023, reaching 24 billion gallons per year (gal/y) at the start of 2024, led by a 44% increase in a category the EIA calls renewable diesel and other biofuels.

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More than 1.99 billion RINs were generated under the RFS in September, up from 1.96 billion generated during the same month of last year. Total RIN generation for the first nine months of the year reached 18.58 billion

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Southwest Airlines Co. on Oct. 17 announced a SAF supply agreement with Valero Marketing and Supply Co., a subsidiary of Valero Energy Corp., to bring SAF to Chicago Midway International Airport in the state’s largest announced SAF supply agreement.

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