SAF Flyer - May 3, 2023

European Commission reaches agreement on SAF mandate The European Commission announced on April 26 that a political agreement has been reached on the REFuelEU Aviation proposal, which creates a mandate requiring the use of sustainable aviation fuel (SAF). READ MORE SHARE
Debt ceiling package limits impact of SAF, clean fuel tax credits The U.S. House of Representatives on April 26 narrowly approved a debt ceiling package that significantly reduces the application of the IRA's clean fuel and SAF tax credits, but leaves the existing biodiesel and renewable diesel BTC intact. READ MORE SHARE
	BBI, CAAFI to hold 1st North American SAF Conference & Expo BBI International has entered into a collaborative agreement with the Commercial Aviation Alternative Fuels Initiative to produce the first annual North American SAF Conference & Expo. The conference will be held in Minneapolis on Aug. 29-30. READ MORE SHARE
EIA: US biofuel capacity, feedstock consumption up in February U.S. operable biofuels production capacity increased in February, with gains for ethanol, biodiesel and renewable diesel and associated fuels, according to data released by the U.S. EIA. Total feedstock consumption was up slightly from February 2022. READ MORE SHARE
Neste reports strong Q1 for renewable diesel, SAF Neste Corp. released first quarter financial results on April 28, reporting the company’s renewable products segment benefitted from robust demand for renewable diesel and favorable feedstock pricing during the three-month period. READ MORE SHARE
Calumet: Montana Renewables reaches full operations Calumet Specialty Products Partners L.P. on April 25 announced that its Montana Renewables subsidiary has completed the startup of its sustainable aviation fuel (SAF) and pretreatment units. A ribbon cutting ceremony is planned for May 10. READ MORE SHARE
Jet2 invests in Fulcrum’s UK SAF project Jet2 plc on April 27 announced a major investment into a new austainable aviation fuel (SAF) production plant under development in the U.K. by Fulcrum BioEnergy Ltd. The facility is expected to be operational in 2027. READ MORE SHARE
Bill creates LCFS for aviation, expands SAF tax credits, funding Reps. Julia Brownley, D-Calif., and Brad Schneider, D-Ill., on April 20 introduced the Sustainable Aviation Fuel Act, which aims to support the use of SAF via tax credits and the establishment of an aviation-only LCFS. READ MORE SHARE
Calumet: Montana Renewables reaches new operational milestone Calumet Specialty Products Partners L.P. on April 18 announce that its Montana Renewables subsidiary has achieved design throughput capacity at its renewable diesel and sustainable aviation fuel (SAF) biorefinery in Great Falls, Montana. READ MORE SHARE
European Parliament takes action to promote the use of SAF The European Parliament on April 18 voted 463 to 117 to implement a revision to the European Union’s Emissions Trading System that will phase out free allowances for the aviation sector by 2026 and promote the use of sustainable aviation fuel (SAF). READ MORE SHARE
EPA: 1.91 billion RINs generated in March The U.S. EPA has released data showing nearly 1.91 billion RINs were generated under the RFS in March, up from 1.82 billion generated during the same period of last year. Total RIN generation for the first quarter of 2023 reached 3.63 billion. READ MORE SHARE
	Airbus Canada, Pratt & Whitney Canada collaborate on SAF Airbus Canada, Pratt & Whitney Canada, a business unit of Pratt & Whitney, and SAF+ Consortium on April 21 announced a new initiative to collaborate on next-generation sustainable aviation fuel (SAF), supported by the Government of Quebec. READ MORE SHARE