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SkyNRG releases SAF market outlook 2024

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By SkyNRG

June 13, 2024

BusinessPolicyMarkets

The SkyNRG Sustainable Aviation Fuel Market Outlook covers the current state and trends of the SAF market in the EU and U.K., the U.S. and rest of the world by assessing announcements of SAF projects and mapping out the capacity until 2050.

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A bipartisan group of 18 senators on June 11 sent a letter to U.S. EPA Administrator Michael Regan urging the agency to boost RFS renewable volume requirements (RVOs) for biomass-based diesel and advanced biofuels in its upcoming 2026 rulemaking.

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The U.S. Department of Commerce’s International Trade Administration on May 28 announced the renewal of its Renewable Energy and Energy Efficiency Advisory Committee. The agency is also seeking nominations for committee membership.

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Avfuel Corp., one of business aviation’s leading suppliers of sustainable aviation fuel (SAF), marks a new milestone in its SAF supply journey, expanding its supply globally to three French airports.

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Neste has further expanded its capability to supply sustainable aviation fuel to customers in Europe in cooperation with VTTI, a global leader in energy storage and developer of energy infrastructure.

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US ethanol and SAF industry leaders seek to intervene in legal challenge to EU SAF regulation

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By Renewable Fuels Association, Growth Energy and the U.S. Grains Council

May 03, 2024

Leaders of the U.S. ethanol industry are seeking to intervene in a legal challenge of the ReFuelEU Aviation Regulation, which effectively bans the use of renewable, crop-based biofuels like corn ethanol as a feedstock for SAF.

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Legislation introduced in the Illinois Senate aims to create a technology-neutral clean fuel standard (CFS) that would reduce the carbon intensity of transportation fuels by 20% by 2038.

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The Michigan Senate Committee on Energy and Environment on March 14 held a hearing to consider legislation introduced last year that aims to create a tax credit to support the purchase of sustainable aviation fuel (SAF).

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The government of Singapore has unveiled an action plan that aims to decarbonize the country’s aviation sector. The program will, in part, require flights departing Singapore to be fueled with sustainable aviation fuel (SAF) starting in 2026.

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Legislation currently pending in Washington state aims to require airport operators to make a minimum 10% blend of sustainable aviation fuel (SAF) available to private jets owned by individuals or businesses once certain conditions are met.

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Legislation introduced in the New Jersey Senate on Jan. 29 aims to establish a low-carbon transportation fuel standard (LCTFS) that would reduce the average carbon intensity (CI) of gasoline and diesel by 10% below a 2019 baseline by 2030.

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The International Energy Agency released a new report on Jan. 11, Renewables 2023, predicting that global biofuel demand will expand by 38 billion liters (10.4 billion gallons) between 2023 and 2028.

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The U.S. Grains Council has added Mark Ingebretson as its sustainable aviation fuel (SAF) global policy consultant. He will help develop strategic plans and programming focused on SAF policies for the Council’s international offices.

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The U.S. Department of Commerce’s International Trade Administration has announced its Renewable Energy and Energy Efficiency Advisory Committee will hold an in-person meeting on Jan. 25 in Washington, D.C.

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The U.S. Department of Commerce’s International Trade Administration has announced its Renewable Energy and Energy Efficiency Advisory Committee will hold a virtual meeting on Nov. 30. The meeting is open to the public, but registration is required.

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Valero Energy Corp. released Q3 financial results on Oct. 26, reporting significantly higher earnings and production volumes for its ethanol segment. Renewable diesel sales volumes were also up and the company’s SAF project remains on schedule.

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