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UK SAF Mandate signed into law, government launches Jet Zero Taskforce

SOURCE: Google Maps

December 3, 2024

BY Erin Voegele

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Bill aims to reinstate 45Z ‘special rate’ for SAF, other renewable energy tax incentives eliminated by OBBB

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By Erin Krueger

3 hours ago

Policy Sustainable Aviation Fuels Thermal Power 

Rep. Mike Thompson, D-Calif., on Oct. 28 introduced a bill that aims to reinstate many of the renewable energy tax credits eliminated by the One Big Beautiful Bill, including the reinstatement of the 45Z clean fuel production credit “special rate” for SAF.

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Plug Power Inc. on Oct. 23 announced a strategic partnership with Edgewood Renewables to support the development and construction of its advanced renewable fuel facility in North Las Vegas, Nevada, that will produce SAF and renewable diesel.

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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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