Phillips 66 ramps up production at Rodeo biorefinery, targets Q3 for SAF production
SOURCE: Phillips 66
April 30, 2024
BY Erin Voegele
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The International Energy Agency in June published its World Energy Investment 2025 report, predicting that investment in liquid biofuels, biogases and low-emissions hydrogen will increase 30% this year to a record high of nearly $25 billion.
The U.S. EPA on June 18 announced 1.75 billion RINs were generated under the RFS in May, down from 2.07 billion that were generated during the same period of last year. Total RIN generation for the first five months of 2025 reached 9.06 billion.
TotalEnergies has announced the company expects its facilities will be able to produce more than half a million tons of SAF a year by 2028 to cover the increase in the European SAF blending mandate, set at 6% for 2030.
The U.S. EPA on June 13 released a proposed rule to set strong 2026 and 2027 RFS RVOs. The rulemaking also aims to limit the participation of imported fuels and feedstocks, eliminate eRINs, and reduce the 2025 cellulosic RVO.
Total U.S. biofuels production, including ethanol, renewable diesel, biodiesel and other biofuels, including SAF, averaged a record 1.39 million barrels per day last year, according to data released by the U.S. EIA on June 9.
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