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DOE partners with federal agencies and industry on action plans for energy and emissions innovation across US transportation sectors

SOURCE: U.S. Department of Energy

December 19, 2024

BY U.S. Department of Energy

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Proposed California budget includes new SAF tax credit

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By Erin Krueger

4 hours ago

Sustainable Aviation Fuels Policy 

California Gov. Gavin Newsom on Jan. 9 released a proposed 2026-27 state budget. Details published by the California Senate Committee on Budget and Fiscal Review indicate the proposed budget includes provisions for a new SAF tax credit.

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XCF Global Inc. announced on Jan. 12 that it is evaluating financing options to support the construction of its New Rise Reno 2 facility. If constructed, New Rise 2 is expected to enable XCF to expand its SAF and renewable fuel platform.

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Washington State leaders, aviation industry partners, research institutions, Tribal representatives and sustainability advocates on Jan. 8 launched the Cascadia Sustainable Aviation Accelerator, an initiative that aims to accelerate SAF deployment.

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Repsol has reached a new milestone in its strategy to decarbonize transport by surpassing 1,500 service stations – 1,429 in Spain and 71 in Portugal – supplying Nexa Diesel made from 100% renewables.

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Advanced biofuels pioneer Haffner Energy and power-to-energy player IGNIS P2X kicked off their bio/e-SAF collaborative project AeroVerde. The companies are currently identifying the project’s first site’s precise location in Spain.

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