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Study identifies best bioenergy crops for SAF by US region, policy goals

Agricultural and consumer economics professor Madhu Khanna (left), civil and environmental engineering professor Jeremy Guest, and crop sciences professor DoKyoung Lee. Photo by Michelle Hassel. / SOURCE: University of Illinois Urbana-Champaign

July 26, 2024

BY University of Illinois at Urbana-Champaign

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Neste reports record high SAF sales for Q3

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By Erin Krueger

9 hours ago

Sustainable Aviation Fuels Business Operations Advanced Biofuels 

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.

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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.

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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.

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The Washington Department of Ecology is working to develop a programmatic environmental impact statement for SAF that will provide a foundation for future project-level environmental reviews. A public comment period is open through Nov. 5.

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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.

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