BIO, in partnership with Kearney, a global management consulting firm, on March 24 released a report showing the U.S. bioeconomy currently contributes $210 billion in direct economic impact to the U.S. economy, excluding healthcare.

China’s exports of used cooking oil (UCO) reached a record high in 2024 but fell sharply in December after the Chinese government eliminated the 13% export tax rebate for UCO, according to a report filed with the USDA.

Japan-based Cosmo Oil Co. Ltd. on March 6 announced that construction is complete on a SAF located within the company’s existing Sakai refinery. The facility, operated by Saffaire Sky Energy LLC, is expected to begin supplying SAF in April.

Aemetis Inc. released fourth quarter and full year 2024 financial results on March 13, reporting increased revenues for its U.S. ethanol and biogas operations as well as its biodiesel operations in India.

The USDA reduced its forecast for 2024-’25 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released March 11. The outlook for soybean oil price was unchanged.

The Minnesota Senate Taxes Committee on March 3 voted to approved legislation that aims to extend and expand the state’s existing tax credit for sustainable aviation fuel (SAF), which was established in 2023.

The U.K. government on March 3 opened a public consultation on a SAF revenue certainty scheme, which aims to reduce financial risks for emerging SAF producers. The scheme complements the U.K.’s SAF mandate, which came into force Jan. 1, 2025.

Calumet Inc. released Q4 financial results on Feb. 28. During an earnings call, company officials discussed operations at its Montana Renewables facility, changing market dynamics for biobased-based diesel, and the company’s MaxSAF initiative.

Air Products on Feb. 24 announced its has terminated its agreement with World Energy for the sustainable aviation fuel (SAF) expansion project in Paramount, California. According to World Energy, current operations at the Paramount facility are not affected.

The U.S. Senate on Feb. 13 voted 72 to 28 to confirm Brooke Rollins to serve as secretary of agriculture. Representatives of the biofuel and bioenergy industries have spoken out in support of her confirmation.