June 12, 2024
BY Erin Voegele
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Washington Gov. Bob Ferguson on Nov. 6 announced the state’s sustainable aviation fuel (SAF) industry has reached the 20 MMgy capacity threshold needed to unlock the SAF tax credit established by state lawmakers in 2023.
The U.S. EIA reduced its forecast for 2027 renewable diesel production in its latest Short-Term Energy Outlook, released Nov. 10. The 2027 production forecasts for biodiesel and other biofuels, including SAF, were unchanged.
Alabama Gov. Kay Ivey and Louisiana Gov. Jeff Landry on Nov. 9 submitted a petition to U.S. EPA Administrator Lee Zeldin seeking a partial waiver of the compliance year 2027 Renewable Fuel Standard renewable volume obligations (RVOs).
Calumet Inc. on Nov. 6 announced Montana Renewables delivered record high earnings for Q3. During an earnings call, company officials discussed the ongoing MaxSAF initiative and a related asset lease agreement announced Nov. 5.
Aemetis Inc. released third quarter results on Nov. 5, reporting increased revenue and higher RNG and ethanol sales. During an earnings call, company officials highlighted ongoing improvement projects and the impact of 45Z credits.