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Singapore to implement SAF mandate starting in 2026

SOURCE: Google Maps

February 28, 2024

BY Erin Voegele

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Carey introduces bill to reinstate biodiesel tax credit through 2029

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By Erin Krueger

15 hours ago

Advanced Biofuels Policy 

Rep. Mike Carey, R-Iowa, has introduced the Strengthening Economic and Energy Development Act, a bill that aims to reinstate the $1 per gallon 40A biodiesel tax credit through 2029. Taxpayers could claim either the 40A credit or the 45Z credit.

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Roeslein Renewables announced its support for a new national push to secure a central role for American made biofuels in the future of global maritime shipping, following the company’s decision to sign onto a joint letter organized by the ABMI.

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DSV is collaborating with Microsoft, United Airlines and Phillips 66 to unlock 11 million gallons of sustainable aviation fuel. United Airlines will use the fuel while DSV and Microsoft participate through a book-and-claim methodology.

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U.S. manufacturers produced approximately 900,000 tons of densified biomass fuel in November, according to the U.S. EIA’s Monthly Densified Biomass Fuels Report. Sales of densified biomass fuel reached 970,000 tons during the month.

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The government of Queensland, Australia, has announced it will invest $25 million to support a project that will enable renewable diesel production at Ampol’s Lytton oil refinery. The project could expand in the future to include SAF production.

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