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Sora Fuel secures $6M to produce atmospherically sourced SAF

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By Sora Fuel

August 06, 2024

Business

Sora Fuel, a startup producing SAF using water, air and renewable energy, has announced it has raised an oversubscribed $6 million seed round. The funding will be used to expand the company’s team, develop partnerships and advance its technology.

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Biofuel generated from logging residues could make switching to sustainable aviation fuel (SAF) more cost-efficient and carbon friendly than previously thought, according to new research from the University of Georgia.

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Gunvor Group has announced it will partner with VARO Energy to build a large-scale biorefinery at the Gunvor Energy Rotterdam site that will be capable of producing sustainable aviation fuel (SAF) and renewable diesel.

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Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, has signed an agreement with TotalEnergies to assess the viability of developing a commercial green hydrogen to methanol to SAF project.

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PETRONAS, Enilive and Euglena have reached the final investment decision to develop a biorefinery in Malaysia that will produce SAF and renewable diesel. The project is expected to be operational by the second half of 2028.

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The National Renewable Energy Laboratory, in partnership with the U.S. Department of Energy Bioenergy Technologies Office, released the first two parts of the Sustainable Aviation Fuel (SAF) State-of-Industry Report.

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PBF Energy Inc. on Aug. 1 announced that its St. Bernard Renewables facility produced approximately 16,500 barrels per day of renewable diesel during the Q2 2024. Like many renewable diesel producers, the company is also considering a pivot to SAF.

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Boeing and Clear Sky are joining forces to accelerate sustainability solutions for aviation. As an initial project, the companies will help in testing and advancing Firefly Green Fuels’ cutting-edge technology to increase SAF production in the U.K.

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Neste and HELLENiQ ENERGY, one of Southeast Europe's leading energy groups, have collaborated to deliver blended Neste MY Sustainable Aviation Fuel to HELLENiQ ENERGY’s facilities in Thessaloniki, Greece.

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United on July 31 became airline to purchase SAF for use at O'Hare International Airport (ORD) and Gov. JB Pritzker joined the airline's leadership at ORD to highlight the role that Illinois' SAF tax credits played in bringing SAF to the facility.

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JetBlue and World Fuel Services, a World Kinect company, on July 31 announced a new commercial agreement to bring the first regular supply of blended SAF, provided by Valero Marketing and Supply Co. to JFK Airport as early as Q4 2024.

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Airbus, the Air France-KLM Group, Associated Energy Group, LLC, BNP Paribas, Burnham Sterling, Mitsubishi HC Capital Inc. and Qantas Airways Limited co-invested in a SAF financing fund to accelerate the production of SAF.

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Phillips 66 on July 30 confirmed its Rodeo Renewable Energy Complex in California will begin producing sustainable aviation fuel (SAF) during the third quarter. The company also expects renewable diesel margins to improve later this year.

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CVR Energy Inc. on July 29 reported that the renewable diesel unit at its Wynnewood refinery in Oklahoma processed nearly 12 million gallons of feedstock during Q2. The company continues to consider a pivot to SAF production.

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Thailand’s newly proposed National Energy Plan is expected to set a target for sustainable aviation fuel (SAF) starting in 2026, according to a report filed with the USDA. The plan also includes targets for ethanol and biodiesel.

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International Airlines Group has reached an agreement with the multi-energy company Repsol for the purchase and supply during the next six months of more than 28,000 metric tons of sustainable aviation fuel (SAF).

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HIF Global has announced the signing of a memorandum of understanding with Airbus to advance the global development of e-Fuels for aviation ("e-sustainable aviation fuel" or "e-SAF") via the methanol to jet fuel (MTJ) pathway.

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Study identifies best bioenergy crops for SAF by US region, policy goals

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By University of Illinois at Urbana-Champaign

July 26, 2024

Researchers analyzed the financial and environmental costs and benefits of four biofuels crops used to produce SAF in the U.S. They found that each feedstock performed best in a specific region of the rainfed United States.

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Neste Corp. on July 25 released second quarter results, reporting that operational performance at the company’s facilities was solid during the three-month period despite a very challenging market environment for renewables.

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Valero Energy Corp. released Q2 financial results on July 25, reporting strong performance for both its ethanol and renewable diesel segments. The company’s SAF project in Texas remains on track to begin operations later this year.

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The Sustainable Aviation Fuel (SAF) Coalition responds to USDA request for information on biofuel feedstocks, encouraging the agency to ensure federal policies are science-based and technology and feedstock neutral.

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Firefly Green Fuels and Synagro Technologies Inc. have partnered to bring Firefly’s novel fuel-production techniques to the U.S. market. Synagro has agreed to be the exclusive supplier of the biosolids feedstock used in Firefly’s innovative process.

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A bipartisan group of 16 senators and 36 representatives on July 23 sent a letter to U.S. Treasury Secretary Janet Yellen urging her agency to take immediate action to finalize the rules to implement the 45Z clean fuel production credit.

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Neste has commissioned terminal capacity at ONEOK’s terminal in Houston for blending and storing its SAF. Neste now has approximately 33.6 million gallons of SAF storage capacity at the facility with direct connection to pipeline infrastructure.

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LanzaJet on July 24 announced a strategic investment from Airbus. The investment enables LanzaJet to continue to build its capability and capacity to scale its proprietary ethanol to sustainable aviation fuel (SAF) process technology.

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The U.K. Department for Transport on July 22 sent a written statement to the U.K. Parliament confirming that, subject to Parliamentary approval, the agency will introduce a sustainable aviation fuel (SAF) mandate starting on Jan. 1, 2025.

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Boeing has released guidance to defense customers that company-built military aircraft can operate on sustainable aviation fuel (SAF) at currently approved limits of up to 50% blend with conventional fuel.

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The U.S. DOE has announced awards for the FY24 Phase I Release 2 of the Small Business Innovative Research and Small Business Technology Transfer program. Thirteen of 229 selected projects focus on bioenergy research and development.

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The U.S. Department of Transportation’s Federal Aviation Administration has launched $1 billion fiscal year (FY) 2025 funding opportunity that could help U.S. airports develop infrastructure to increase access to sustainable aviation fuel (SAF).

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King Charles announced that the U.K. Parliament will soon introduce a bill to support the production of SAF via a revenue support mechanism during his July 17 speech that formally opened a new session of the British Parliament.

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