February 21, 2025
BY MOL Group
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OMV Petrom has announced the start of construction for a sustainable aviation fuel (SAF) and renewable diesel (HVO) production unit at the Petrobrazi refinery in Romania. The new facility will have an annual capacity of 250,000 tons.
CVR Energy Inc. released fourth quarter financial results on Feb. 18, reporting reduced renewable diesel production. The company also said it is pausing development of SAF capacity pending clarity on government subsidies.
The U.S. EIA maintained its forecasts for 2025 and 2026 renewable diesel production in its latest Short-Term Energy Outlook, released Feb. 11. The production outlook for other biofuels, including SAF, was also maintained.
Neste Corp. on Feb. 13 released fourth quarter financial results, reporting that its renewables segment was impacted by both market and operational challenges during the three-month period. Sustainable aviation fuel (SAF) sales, however, were up.
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.