XCF Global has unveiled a strategic plan to invest nearly $1 billion (€860 million) over the next three years to build a network of sustainable aviation fuel (SAF) production facilities. This move aims to expand its U.S. operations and accelerate international growth. Since its inception, the company has invested over $350 million (€300 million) in […]
On July 28, the European Commission approved a €36 million ($41.07 million) Danish state aid scheme aimed at promoting the use of sustainable aviation fuel (SAF) on domestic routes. This is the first time the Commission has authorized a state aid scheme specifically to encourage SAF usage in aviation. The scheme is designed to support […]
According to Reuters, Indian Oil Corp (IOC), the country’s largest refiner, plans to upgrade a diesel desulfurization unit at its Panipat refinery — which has a capacity of 300,000 barrels per day — to produce sustainable aviation fuel (SAF). The revamp is expected to take place either at the end of this year or early […]
CIMB Securities, a leading investment bank in Indonesia, recently published a study suggesting that if the Indonesian government implements the B50 biodiesel mandate, domestic palm oil consumption could rise by approximately 3 million tonnes. This increase would represent about 6.2% of the projected 2024 crude palm oil (CPO) production, which stands at 48.2 million tonnes. […]
HAMR Energy announced on July 28 that it plans to develop Australia’s first large-scale methanol-to-sustainable aviation fuel (SAF) production facility following the successful completion of a feasibility study, with an estimated project investment of AUD$700 million to AUD$800 million (approximately US$455 million to US$520 million). The project is a key component of HAMR Energy’s strategy […]
On July 24, Italian energy giant Eni announced the signing of a €500 million (approximately $588 million) financing agreement with the European Investment Bank (EIB) to support the conversion of its traditional refinery in Livorno, Tuscany into a modern biorefinery. The 15-year loan agreement was formalized at Eni’s headquarters in San Donato Milanese by EIB […]
According to Reuters in Singapore, the International Air Transport Association (IATA) has intensified its criticism of the European Union’s (EU) mandatory sustainable aviation fuel (SAF) policy. At a recent media roundtable, IATA Director General Willie Walsh stated that the EU’s approach is not only costly but also ineffective in delivering real environmental benefits, especially given […]
EcoCeres Inc., based in Hong Kong, has recently issued a position paper highlighting the importance of fairness, effectiveness, and anti-fraud measures in the EU’s sustainable biofuel certification framework. As Europe accelerates its transition to renewable energy, ensuring the integrity and transparency of sustainability claims has become more crucial than ever. The paper calls for practical, […]
On July 18, the European Commission announced the conclusion of its investigation into Chinese biodiesel imports, stating that no fraudulent behavior was identified. However, the investigation did uncover systemic weaknesses in the certification process, prompting the EU to strengthen its regulatory framework. The investigation stemmed from concerns raised by German authorities in 2023, who suspected […]
SD Guthrie has launched a B30 biodiesel pilot project in collaboration with Malaysia’s Ministry of Plantation and Commodities (KPK), Petronas Dagangan Berhad (PETDAG), and the Malaysian Palm Oil Board (MPOB). The initiative aims to assess the reliability and scalability of high palm oil content biodiesel in real-world applications. As part of the project, SD Guthrie […]