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Stakeholders testify in support of Michigan bill to create SAF tax credit

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By Erin Voegele

March 19, 2024

Business Markets Policy 

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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Dave Rubenstein, president and CEO of California Ethanol + Power, discusses development of the company’s proposed Sugar Valley Energy project, a sustainable aviation fuel (SAF) facility under development in California’s Imperial Valley.

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Ethanol Producer Magazine announced this week the preliminary agenda for the 2024 International Fuel Ethanol Workshop & Expo (FEW) taking place June 10-12, 2024 at the Minneapolis Convention Center in Minneapolis, Minnesota.

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Tidewater Renewables Ltd. on March 14 announced that its 3,000-barrel-per-day renewable diesel facility in Prince George, British Columbia, is currently operating at near nameplate capacity. Work is also progressing on proposed plans to produce SAF.

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Neste has merge its three renewable business units into one Renewable Products business unit as well as restructure its functions to better support business-driven ways of working. Plans for the restructuring were announced last year.

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SAF Magazine attended Clean Fuels Alliance America’s annual conference in Fort Worth, Texas, in early February.

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Natural Resources Canada on March 8 awarded $15 million to six clean fuel projects, including those focused on renewable natural gas (RNG), sustainable aviation fuel (SAF), and the use of wood biomass to produce renewable energy.

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Avfuel Corp. and Neste finalized a partnership extension that keeps the companies at the forefront of sustainable aviation fuel (SAF) supply for business aviation, cementing their leadership positions in the sustainable space.

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Aemetis Inc. released fourth quarter financial results on March 7, reporting the company achieved important milestones in its biodiesel, RNG, ethanol, SAF and carbon capture business segments last year.

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Gevo Inc. has reported that efforts are continuing to secure a U.S. DOE loan guarantee to support the construction of its proposed SAF facility. Gevo also reported that its RNG project in Iowa operated at 91% capacity during Q4.

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Following Ryanair’s purchase of 500 metric tons of sustainable aviation fuel (SAF) from OMV in October 2023, the airline on March 8 announced that it will take an additional 500 metric tons of SAF from OMV in 2024.

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SAF One, a platform focused on the development of global SAF solutions, announces the appointment of engineering firm Kent to carry out a technology licensing review for its first synthetic paraffinic kerosene (SPK) production plant.

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The U.K. government has opened a public comment period as part of its effort to avoid market manipulation caused by overlapping domestic and international incentives for sustainable aviation fuel (SAF) and other low carbon fuels.

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Willis Sustainable Fuels (UK) Limited, the wholly owned subsidiary of Willis Lease Finance Corp., announced that Redcar and Cleveland Borough Council has approved the plans for its Carbonshift PtL SAF refinery project in England.

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Aemetis Inc. on March 5 announced receipt of the Authority to Construct air permits for its planned sustainable aviation fuel (SAF) and renewable diesel (RD) production plant in Riverbank, California.

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Montana Renewables was recognized as the Groundbreaker of the Year and Jason Kessler, president at KESCO Inc., was presented with the Excellence in Bioenergy Award at the 17th Annual International Biomass Conference & Expo.

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Neste has launched its new emission reduction solution, Neste Impact, for businesses looking to reduce the carbon footprint of their air travel and transport activities. The solution is based on purchasing Neste MY Sustainable Aviation Fuel.

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FS has received the ISCC international certification attesting that its production process meets international requirements for the production and supply of ethanol and corn oil for the production of SAF.

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A recent life cycle assessment highlights a notable 22% decrease in the carbon footprint associated with U.S. production of crude soy oil, which is a key feedstock for U.S. biodiesel, renewable diesel and SAF producers.

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Agriculture Secretary Tom Vilsack on March 1 announced a short-term delay in the release of the GREET model for sustainable aviation fuel (SAF), citing the need to get calculations for climate-smart agriculture right.

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Ag Secretary Tom Vilsack expressed confidence that the U.S. EPA will issue an emergency waiver to allow E15 to remain available this summer and discussed the USDA’s ongoing efforts with regard to SAF during a Feb. 28 congressional hearing.

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Sugar Valley Energy, a new 160-acre bioenergy campus planned in California’s Imperial Valley has added New York-based TerraNova Capital Equities, Inc. to its finance team to lead marketing and placement of equity capital for the $1 billion project.

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Southwest Airlines Co. has launched Southwest Airlines Renewable Ventures, a wholly-owned subsidiary dedicated to creating more opportunities to obtain scalable SAF. The carrier also announced a $30 million investment in LanzaJet Inc.

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American Coalition for Ethanol CEO Brian Jennings on Feb. 27 sent a letter to members of the Sustainable Aviation Fuels Interagency Working Group regarding the GREET Model for SAF Lifecycle GHG Emissions under Section 40B of the IRA.

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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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The U.S. Department of Energy and the U.S. EPA on Feb. 22 released a funding opportunity announcement (FOA), entitled, “Inflation Reduction Act Funding for Advanced Biofuels,” for up to $9.4 million for the development of advanced biofuels.

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Ampaire Inc. has achieved a significant milestone in sustainable aviation by completing its first ground test utilizing pure 100 percent ASTM D7566 SAF produced by Dimensional Energy from electricity and CO2.

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Cepsa and Bio-Oils, a subsidiary of Apical, are beginning construction of the largest second-generation biofuels plant in southern Europe. The facility will have the flexibly produce 500,000 tons of SAF and renewable diesel.

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The U.S. Department of Energy has announced its intent to issue funding to support research and development (R&D) projects for converting algae and other wet waste feedstocks to low-carbon fuels, chemicals and agricultural products.

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Technip Energies announces a strategic investment in the United Airlines Ventures Sustainable Flight Fund, which is designed to leverage cross-industry support, providing start-ups working on SAF research, production and technology.

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