
SOURCE: Phillips 66
April 30, 2024
BY Erin Voegele
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In 2025, SAF output is expected to reach 1.9 million metric tons (Mt) (2.4 billion liters), double the 1 Mt produced in 2024, according to the IATA. However, in 2026, SAF production growth is projected to slow down and reach 2.4 Mt.
The U.S. Energy Information Administration reduced its 2026 production forecast for renewable diesel in its latest Short-Term Energy Outlook, released Dec. 9. The production forecast for other biofuels, including SAF, was maintained.
Reps. Sharice Davids, D-Kan.; Mike Flood, R-Neb.; Troy Carter, D-La.; and Tracey Mann, R-Kan., on Dec. 9 introduced legislation that aims to reinstate the 45Z clean fuel production credit premium for SAF and extend the 45Z credit through 2033.
The Ontario government on Dec. 9 announced it will invest $2.25 million through the Forest Biomass Program to help CHAR Technologies commercialize the production of biocoal, a low-carbon fuel made from forest mill byproducts and underused wood.
XCF Global Inc. on Dec. 5 announced it has completed initial site work at New Rise Reno 2, including grading of the 10-acre parcel and construction of new access roads. The expansion project will boost SAF capacity to approximately 80 MMgy.