February 17, 2023
BY Fulcrum BioEnergy
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Neste Corp. on Oct. 29 announced sales of SAF reached a record 251,000 metric tons during Q3. The company’s renewable products segment reported improved EBTIDA, comparable sales margins and sales volumes for the three-month period.
Phillips 66 doubled its production of SAF during the Q3 and expects additional increases in production to be realized in Q4, according to statements made during the company’s third quarter earnings call on Oct. 29.
Parkland Corp. released Q3 results on Oct. 27, reporting that the volume of biobased feedstock co-processed at its Burnaby Refinery was up 50%. The company also announced its previously announced purchase by Sunoco LP is expected to close Oct. 31.
The U.K. Department for Transport on Oct. 16 confirmed it will implement a revenue certainty mechanism for SAF in the form of an aviation fuel supplier levy. The agency is currently seeking public comments regarding implementation details.
Honeywell on Oct. 28 introduced its new Biocrude Upgrading process technology, which converts agricultural and forestry waste into ready-to-use renewable fuels, including marine fuels, gasoline and SAF.