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Trump signs bill enacting 2-year extension of 45Z credit

President Donald Trump signs the One Big Beautiful Bill Act on the South Lawn of the White House, Friday, July 4, 2025, during the 4th of July picnic. (Official White House Photo by Molly Riley)

July 8, 2025

BY Erin Krueger

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Shell takes $600 million loss over Rotterdam biorefinery cancelation

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By Erin Krueger

11 hours ago

Sustainable Aviation Fuels Business 

Shell’s recent decision to cancel its Rotterdam biorefinery project will be costly, according to a third quarter update note published by the company on Oct. 7. Shell expects to write down approximately $600 million due to the cancellation.

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Green Carbon Development, led by Process Technical Services, announced on Oct. 2 that it has selected Axens Vegan technology for its upcoming renewable fuels facility. The 10,500 BPSD facility will produce SAF and renewable diesel.

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France-based Waga Energy on Sept. 29 released financial results for its fiscal half year, the six months ended June 30, reporting a 7% increase in total revenue, which was driven by a 39% increase in renewable natural gas (RNG) production revenues.

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Eni has confirmed plans to convert portions of its Sannazzaro de’ Burgondi refinery in Pavia, Italy, to produce renewable diesel and sustainable aviation fuel (SAF). The biorefinery is expected to be operational in 2028.

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OPAL Fuels, together with South Jersey Industries and the Atlantic County Utilities Authority, announced that the renewable natural gas (RNG) facility in Egg Harbor Township, New Jersey, has achieved commercial operation.

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