November 22, 2023
BY Erin Voegele
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Drax Group plc on Nov. 12 reported its pellet production business is performing well on increased production and improved margins. The company is also working to develop new market opportunities for pellets, including SAF feedstock.
Neste and Air Canada have signed an agreement for the supply of 60,000 metric of neat Neste MY Sustainable Aviation Fuel. Neste will deliver the SAF, blended with conventional jet fuel, to the Vancouver marine terminal starting in December 2024.
Calumet Inc. on Nov. 8 released third quarter financial results and outlined plans for the development of Montana Renewables’ MaxSAF initiative, which will be supported by a U.S. Department of Energy loan guarantee.
Gevo Inc. released Q3 financial results on Nov. 7, discussing the impact of the conditional commitment for its DOE loan guarantee and confirming the company’s acquisition of Red Trail Energy remains on track to close in early 2025.
Cathay has announced its Corporate Sustainable Aviation Fuel (SAF) Programme has achieved significant growth this year. The program partners together in 2024 have committed to using 2,650 metric tons of SAF (equal to 906,000 U.S. gallons).