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Trends for SAF financing and contract structures

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By Mark Riedy and Patrick McShane

October 09, 2025

Sustainable Aviation Fuels Business Policy 

Representatives of Kilpatrick explore the evolving landscape of SAF financing and contract structures, focusing on the U.S. market, offering insights for industry stakeholders seeking to navigate this complex environment.

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A United Kingdom biogas plant turned to progressive cavity pump technology to solve a costly digestate handling issue.

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Global agribusiness company Bunge on Sept. 23 announced it has launched a $50 million initiative to install a modern, biomass-based steam boiler system at its oilseed processing facility in Martfűi, Hungary.

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Iowa officials and lawmakers are calling on U.S. Agriculture Secretary Brooke Rollins to relocate the USDA’s Agricultural Research Service projects to Ames, Iowa, as part of the agency’s ongoing reorganization plan.

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Utility Global Inc. and Maas Energy Works on Oct. 7 announced an agreement to advance the development of the first commercial project in California to use dairy digester biogas for direct hydrogen fuel production. The

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2025 will be a pivotal year for the biocarbon and biocoal markets, but some hurdles still remain.

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Japan-based Renova Inc. on Sept. 30 announced its 49.9 megawatt (MW) Karatsu Biomass Power Plant commenced operations on Sept. 27. The facility is fueled with wood pellets and palm kernel shells (PKS).

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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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Biochar as a fuel replacement was one of many topics discussed at the North American Biochar Conference in Minneapolis.

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The recently completed installation of a pellet mill and innovative drying system is empowering Georgian family-owned lumber company Conner Holdings to expand its potential.

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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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Hawaii’s only refinery has expanded its product portfolio to include renewable diesel and sustainable aviation fuel, providing local jobs and supporting the state’s decarbonization goals.

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Lux Research provided insight regarding the approaching 2030 SAF mandate, potential technology pathways, gaps in the value chain and the road to success.

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Opportunities in biochar production continue to present themselves to organizations with biomass streams, and although launching and successfully executing a project can be a daunting process, it doesn’t have to be.

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Anaergia Inc., through its subsidiary, Anaergia S.r.l has entered into a contractual agreement with Società Agricola Zilio to repower its existing anaerobic digestion facility, located in Veneto, Italy, that was built by Anaergia in 2011.

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XCF Global Inc. and FlyORO Technologies Pte. Ltd. on Oct. 1 announced the signing of a MOU to explore the creation of a global partnership to help solve one of aviation's biggest bottlenecks: SAF supply chain and blending inefficiencies.

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Advanced Biofuels Canada on Sept. 22 released the 10th annual Navius Research Biofuels in Canada report, the national report on Canada’s renewable and low-carbon fuel markets that shows biofuels have reached record use in Canada.

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Blending biomass with coal isn’t technically possible—it’s a craft.

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A bipartisan group of lawmakers on Sept. 30 sent a letter to the U.S. EPA urging the agency to maintained proposed biomass-based diesel RVOs and move forward with plans to boost the domestic ag industry in its upcoming RFS “Set 2” rule.

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DHL Global Forwarding and Hapag-Lloyd have signed a three-year framework agreement for Scope 3 greenhouse gas (GHG) emission reductions resulting from the use of sustainable marine fuels within Hapag-Lloyd's fleet.

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EverGen Infrastructure Corp. on Sept. 26 provided an update on operations across its RNG and organic waste processing facilities. The company’s Fraser Valley Biogas and GrowTEC facilities produced more than 17,000 GJs in August.

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Participants in the Canadian biofuels market can look to the future with more confidence than a year ago.

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The U.S. EPA on Oct. 1 held a virtual public hearing to gather comments on its supplemental notice of proposed rulemaking (SNPRM) that considers several options for reallocating RFS RVOs waived under the SRE program.

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Much of the federal government shutdown in the early hours of Oct. 1 after federal lawmakers failed to reach a funding deal. If the shutdown persists, work related to federal data reporting, rulemakings and other regulatory initiatives could face delays.

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SAF producer XCF Global Inc. has signed a letter of intent with Posh Robotics through its subsidiary New Rise Renewables Reno LLC to explore deploying Posh Energy's flex-fuel gensets at the New Rise Reno renewable fuels facility.

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The sustainable aviation fuel (SAF) industry’s biggest players gathered at the North American SAF Conference and Expo in Minneapolis on Sept. 22-24 to confront the sector’s steep challenges and chart its path forward.

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