An Air Canada Boeing 787 Dreamliner. / SOURCE: CNW Group/Air Canada
November 12, 2024
BY Neste Corp.
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USA BioEnergy on Jan. 12 announced it has closed on the acquisition of 1,600-plus acres of land in East Texas for its new $2.8 billion advanced biorefinery, designed to convert wood waste into sustainable, net-zero aviation fuel (SAF).
The U.S. DOE, USDA and FAA on Jan. 13 released Sustainable Aviation Fuel (SAF) Grand Challenge 2021-2024 Progress Report, which underscores the importance of continued investment in the rapidly growing biofuels industry.
The U.S. EIA maintained its forecasts for 2025 renewable diesel and biodiesel production in its latest Short-Term Energy Outlook, released Jan. 14. The 2025 outlook for “other biofuel” production, including SAF, was also unchanged.
Calumet Inc. on Jan. 10 announced the closing of a $1.44 billion U.S. Department of Energy loan guarantee to fund construction of Montana Renewables’ MaxSAF initiative, which aims to boost SAF capacity at the biorefinery to 300 MMgy.
Treasury and the IRS on Jan. 10 released guidance on the 45Z clean fuels production credit, including a notice of intent to propose regulations and a notice providing the annual emission rate table for the credit.