
SOURCE: National Oilseed Processors Association
July 10, 2024
BY National Oilseed Processors Association
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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 USDA maintained its outlook for 2025-’26 soybean oil use in biofuel production in its latest WASDE report, released Dec. 9. The estimate for 2024-’25 soybean oil use in biofuel production was revised down.
The USDA on Dec. 8 announced it will make $12 billion available in one time bridge payments to U.S. farmers in response to temporary trade market disruptions and increased production costs. The payments are expected to be released by Feb. 28, 2026.
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.
Clean Fuels Alliance America along with the California Advanced Biofuels Alliance submitted formal comments to the California Air Resources Board following the agency’s recent public forum on biofuels and land use change.