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Biofuel groups urge Treasury to issue guidance on 45Z tax credit

U.S. Treasury Secretary Janet Yellen

May 15, 2024

BY Erin Voegele

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OMV Petrom secures placement of part of future biofuels production starting 2028

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By OMV Petrom

2 hours ago

Sustainable Aviation Fuels Business Advanced Biofuels 

OMV Petrom SA has concluded a sales contract with OMV Downstream GmbH, a fully owned subsidiary of OMV AG, for part of the sustainable aviation fuel (SAF) and hydrotreated vegetable oil (HVO) to be produced in Petrobrazi refinery.

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The Senate Ag Committee on June 23 released a Farm Bill 2.0 discussion draft. The legislation includes a major revamp of the Section 9003 loan guarantee program, including language allowing grants of up to $10 million for certain eligible projects.

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Petrobras on June 19 announced its board of directors has approved a $1.2 billion project to produce sustainable aviation fuel (SAF) and renewable diesel at its existing Presidente Bernardes Refinery (RPBC), located in Cubatão, São Paulo, Brazil.

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Worley has completed the front-end engineering and design (FEED) for Alfanar’s Lighthouse Green Fuels sustainable aviation fuel (SAF) project in Teesside, U.K. A final investment decision on the project is expected next year.

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EcoCeres announced the extension of its sustainable aviation fuel (SAF) supply agreement with British Airways until the end of 2030. The SAF is produced from 100% waste-based feedstocks, such as used cooking oil (UCO).

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