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Neste reports increase in SAF sales despite challenging market for renewables

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By Erin Voegele

February 19, 2025

Advanced Biofuels Sustainable Aviation Fuels Operations Business 

Neste Corp. on Feb. 13 released fourth quarter financial results, reporting that its renewables segment was impacted by both market and operational challenges during the three-month period. Sustainable aviation fuel (SAF) sales, however, were up.

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PBF Energy Inc. on Feb. 13 announced that its St. Bernard Renewables facility produced 17,000 barrels per day of renewable diesel during the fourth quarter, up from 13,000 barrels per day during the third quarter.

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Marathon Petroleum Corp. released fourth quarter financial results on Feb. 4, reporting a profitable three-month period for its newly formed renewable diesel segment. Improved earnings are attributed to increased capacity utilization.

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Phillips 66 on Jan. 31 released fourth quarter financial results, reporting improved earnings for its renewable fuels segment on higher margins for its Rodeo complex in California and stronger international results.

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Imperial Oil Ltd. on Jan. 31 confirmed construction on the renewable diesel facility at its Strathcona refinery near Edmonton, Alberta, progressing on schedule. The biorefinery project is on track to being operations in mid-2025.

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Chevron Corp. released fourth quarter financial results on Jan. 31. During an earnings call, company officials confirmed that the renewable diesel expansion project at the Geismar biorefinery in Louisiana is undergoing final commissioning.

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Clean Fuels Alliance America hosted its annual Clean Fuels Conference in late January. During the event, experts shared the state of the biobased diesel industry today and the outlook for the near-and long-term.

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Federated Co-operatives Ltd. on Jan. 17 announced it has shelved plans for a 15,000-barrel-per-day renewable diesel plant proposed for development in Regina, Saskatchewan. Plans for an adjacent canola crush facility are also being paused.

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Neste is partnering with the Italian fuel distributor Firmin to make Neste MY Renewable Diesel available for the first time in Italy to contribute to the reduction of greenhouse gas emission in the transport sector.

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The U.S. EIA maintained its forecasts for 2025 renewable diesel and biodiesel production in its latest Short-Term Energy Outlook, released Jan. 14. The 2025 outlook for “other biofuel” production, including SAF, was also unchanged.

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The U.S. Department of Energy Bioenergy Technologies Office (BETO) announced up to $23 million in funding to support research and development (R&D) of domestic chemicals and fuels from biomass and waste resources.

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The Canadian government on Jan. 7 awarded more than $11 million to seven clean fuel and alternative fuel projects, including those focused on the production of renewable diesel, sustainable aviation fuel (SAF) and other types of bioenergy.

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On Jan, 7, the Oregon Department of Environmental Quality approved NXTClean Fuel’s 401 water permit, confirming that NXTClean’s renewable fuels facility can safely operate within Oregon’s strict environmental protection regulations.

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Neste and KPI OceanConnect, a global provider of marine energy solutions, collaborate on the supply of Neste MY Renewable Diesel to the marine sector in Singapore in partnership with Global Energy for operational delivery in Singapore waters.

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The U.S. Department of Energy's Bioenergy Technologies Office (BETO) and Vehicle Technologies Office announced $6.9 million in funding for nine projects to support local waste-to-energy management solutions for transportation energy needs.

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Tidewater Renewables Ltd. has filed a countervailing (anti-subsidy) and anti-dumping duty complaint with the Canada Border Services Agency. The complaint targets unfairly traded imports of renewable diesel from the U.S.

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The U.S. is on pace to surpass 5 billion gallons of biodiesel and renewable diesel consumption for the first time, capping a 2024 that saw increased efforts from states and growing public support for clean transportation fuel.

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Global Clean Energy Holdings Inc., a renewable fuels innovator and camelina producer, on Dec. 20 announced that its Bakersfield Renewable Fuels Facility is commercially operational, producing approximately 250,000 gallons of renewable diesel daily.

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NATSO, SIGMA, the American Trucking Associations, National Association of Convenience Stores, SABR the National Energy & Fuels Institute are applauding the introduction of the Biodiesel Tax Credit Extension Act of 2024.

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The U.S. Department of Energy has partnered with various other federal agencies and industry stakeholders to produce three transportation modal action plans to build a cleaner, more resilient, and more globally competitive transportation system.

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Biomass Magazine has released the agenda for the 18th Annual International Biomass Conference & Expo. The event will be held March 18-20 in Atlanta, Georgia, and features tracks focused on pellets, biomass power and thermal, biogas and RNG, and SAF.

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The White House OMB on Dec. 13 published the Fall 2024 Unified Agenda and Regulatory Plan, which outlines regulatory actions under development by federal agencies related to the RFS, biofuel infrastructure and CO2 pipeline safety.

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Neste and BMW have announced a collaboration for the supply of renewable diesel. BMW will purchase Neste MY Renewable Diesel and use the fuel for the initial fill of diesel vehicles leaving their manufacturing plants in Germany.

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The U.S. Energy Information Administration increased its forecast for 2025 renewable diesel consumption its latest Short-Term Energy Outlook, released Dec. 10. The 2024 and 2025 forecasts for renewable diesel and SAF production were maintained.

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The ABFA is urging the Biden administration to immediately issue the guidance necessary for the industry to claim the 45Z Clean Fuels Production Credit. The group is also calling on Congress to extend the existing blender credits.

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In 2024, the U.S. East Coast became a consistent destination for small volumes of renewable diesel as a few suppliers and local governments began offering or consuming the fuel, according to the U.S. Energy Information Administration.

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Eco-Energy has announced the expansion of its Transport Emission Reduction Certificate program with the launch of TERC-Biodiesel and TERC-Renewable Diesel. The new certificates are a voluntary carbon program for heavy-duty trucking.

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On Nov. 20, EPRI and the Tennessee Valley Authority announced the successful demonstration of renewable diesel as a combustion turbine fuel for power generation. The demonstration was performed on a 76-MW dual-fuel natural gas/diesel unit.

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Clean Fuels elects governing board members

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By Clean Fuels Alliance America

November 21, 2024

Clean Fuels Alliance America members have elected new governing board members. The new leadership reflects the interests of both large and small companies, biodiesel and renewable diesel producers, as well as soybean growers and renderers.

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NY Waterway, which operates the largest ferry fleet between New Jersey and New York, has completed its trial of renewable diesel fuel and is moving forward with efforts to transition a significant portion of its fuel usage to the renewable fuel.

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