SOURCE: Korean Air
September 4, 2024
BY Korean Air
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Simply Blue Group has announced the Goldboro site in Nova Scotia, Canada formerly proposed as Goldboro Liquified Natural Gas Project, as the location for their major sustainable aviation fuels (SAF) hub.
Gevo Inc. on Sept. 12 announced it has entered into a definitive agreement to acquire the ethanol production plant and CCS assets of Red Trail Energy LLC for $210 million. Gevo plans to add net-zero SAF production capacity to the site.
On Sept. 11, SK Energy, the largest refiner in South Korea and a subsidiary of SK Innovation, announced the completion of the nation’s first dedicated sustainable aviation fuel (SAF) production line.
Neste has revised down its 2024 guidance for renewable products, citing substantially reduced diesel prices. The company said waste and residue feedstock prices have not decreased and renewable product market price premiums have remained weak.
The U.S. Energy Information Administration on Sept. 10 began publishing new monthly forecasts for renewable diesel and other biobased fuels to better capture how biofuels are being consumed and overall demand for distillate fuels.