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Proposed California budget includes new SAF tax credit

January 13, 2026

BY Erin Krueger

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XCF Global provides update on ongoing capital raise and merger discussions

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By XCF Global Inc.

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Sustainable Aviation Fuels Business 

XCF Global Inc. on March 10 announced its stockholders approved the issuance of 19.99% or more of the company's issued and outstanding common stock as of Jan. 26. The company has also initiated upgrades to its Reno biorefinery.

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The U.S. EIA reduced its forecast for 2026 renewable diesel production in its latest Short-Term Energy Outlook, released March 10. The forecasts for the production of biodiesel and “other biofuel,” defined to include SAF, were maintained.

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Axens has signed a memorandum of understanding (MOU) with Airbus to strengthen their cooperation in the development and deployment of sustainable aviation fuel (SAF), a key pillar for decarbonizing the aviation sector.

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U.S. EPA Administrator Lee Zeldin on March 9 announced the selection of new members to the Clean Air Scientific Advisory Committee. The newly appointed CASAC will consist of a chair and six new members.

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Repsol on March 10 announced plans to invest up to EUR 10 billion ($11.61 billion) in its operations through 2028, with a portion of that investment dedicated to low-carbon projects, including renewable fuels.

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