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Brown, Ricketts introduce the Renewable Fuel for Ocean-Going Vessels Act

Sen. Sherrod Brown, D-Ohio

February 28, 2024

BY Erin Voegele

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EIA maintains 2026, 2027 production forecasts for biobased diesel fuels in August STEO

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The U.S. Energy Information Administration maintained its 2026 and 2027 production forecasts for biodiesel, renewable diesel and sustainable aviation fuel (SAF) in its latest Short-Term Energy Outlook, released Aug. 11.

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XCF Global Inc., an emerging U.S.-based producer of renewable diesel and SAF, on Aug. 7 provided an operational update on renewable diesel production, initial fuel sales and ongoing optimization work at its New Rise Renewables Reno facility.

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The Senate Agriculture Committee on Aug. 6 failed to advance the Agricultural Act of 2026, commonly referred to as the Farm Bill. Committee members are expected to continue work on the legislation when the Senate reconvenes in mid-September.

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Phillips 66 on Aug. 5 reported the company’s renewable fuel segment achieved significantly higher pre-tax income during the second quarter due to higher regulatory credits from higher pricing and renewable fuels production.

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Par Pacific Holdings Inc. released second quarter financial results on Aug. 5, reporting its Hawaii renewable fuels facility ramped up production during the three-month period after commencing operations in April.

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