SOURCE: Phillips 66
April 28, 2025
BY Erin Voegele
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XCF Global Capital Inc., the owner of a 38 MMgy SAF plant located near Reno, Nevada, on June 6 announced the successful completion of its business combination with Focus Impact BH3 Acquisition Co., a special purpose acquisition company.
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.
Boeing will invest $17.48 million CAD to strengthen the energy security of Canada and bolster the country’s economic growth. The investments will promote the production of sustainable aviation fuel (SAF).
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.
The U.S. EIA reduced its 2025 and 2026 production forecasts for a category of biofuels that includes SAF in its latest Short-Term Energy Outlook, released June 10. The forecast for 2025 renewable diesel production was also revised down.