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Proposed Louisiana Green Fuels project pivots to SAF

February 7, 2024

BY Sumitomo Corporation of Americas

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California bill aims to cap LCFS credit prices

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Legislation introduced in the California Senate on June 23 aims to cap the price of Low Carbon Fuel Standard credits as part of a larger effort to overhaul the state’s fuel regulations and mitigate rising gas prices.

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XCF Global Inc., the owner of a 38 MMgy SAF plant located near Reno, Nevada, on June 24 announced plans to license its integrated SAF platform. On June 26, the company signed a non-binding MOU an Australian company to develop SAF projects.

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Lufthansa Group announced it is entering into an agreement with Airbus in the field of more sustainable business travel via the “Sustainable Corporate Value Fare” program, which allows business customers reduce emissions with SAF.

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4AIR on June 24 announced a significant milestone: its Assure SAF Registry, a private blockchain-backed ledger and inventory management tool, has well surpassed 10 million gallons of SAF registered on the platform.

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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.

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