September 18, 2023
BY Erin Krueger
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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.
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.
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.
The USDA reduced its forecast for 2025-’26 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released March 10. The expected price for soybean oil was revised up.
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.