August 3, 2022
BY Erin Krueger
Advertisement
Advertisement
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.
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.
The USDA reduced its forecast for 2025-’26 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Jan. 12. The forecast price for soybean oil was unchanged.
U.S. soybean production fell by approximately 3% in 2025, according to the USDA’s latest Crop Production report, released Jan. 12. Soybean yields, however, reached a record high of 53 bushels per acre.
The U.S. EPA on Jan. 7 delivered a draft final rule to the White House Office of Management and Budget to repeal the agency’s 2009 Endangerment Finding and tailpipe greenhouse gas regulations for motor vehicles and engines.