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Terviva receives investment from Chevron Renewable Energy Group to scale renewable pongamia for biofuel production

October 15, 2024

BY Terviva Inc.

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Biofuel groups urge flexibility in 45Z CSA requirements

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By Erin Voegele

an hour ago

FeedstocksPolicy

The USDA on Oct. 15 held a third virtual listening session as part of its public consultation on climate-smart ag for biofuel feedstocks. During the event, biofuel groups advocated for flexibility in CSA requirements for the 45Z credit.

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Honeywell on Oct. 15 announced that St1 has started using Honeywell’s Ecofining technology to produce sustainable aviation fuel (SAF) at its biorefinery in Gothenburg, Sweden. The facility will produce 200,000 tons of renewable fuels annually.

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Soybean oil use for biobased diesel production reached a near-record high in June, but demand for soybean oil feedstock continues to face headwinds from rising imports of UCO and tallow, according to CoBank.

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Formula 1 has been working with DHL Global Forwarding's GoGreen Plus service to reduce its greenhouse gas emissions by around 80% per flight compared to conventional aviation fuel by utilizing sustainable aviation fuel (SAF).

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The USDA maintained its forecast for 2024-’25 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Oct. 11. The outlook for soybean oil prices is also unchanged.

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