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Shell takes $600 million loss over Rotterdam biorefinery cancelation

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By Erin Krueger

October 07, 2025

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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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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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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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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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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LanzaJet Inc. has been awarded more than $13 million (£10 million) from the U.K. Department for Transport’s Advanced Fuels Fund to accelerate development of Project Speedbird, a major SAF biorefinery in Teesside, U.K.

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As the global race to decarbonize aviation intensifies, new research from PA Consulting reveals the significant benefits of sustainable aviation fuel (SAF), with 83% of U.S. respondents believing SAF holds promise for job creation.

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LanzaJet Inc. on Sept. 23 announced it has signed an agreement with Kazakhstan-based Kazmunaygas (KMG) to advance the country’s first sustainable aviation fuel (SAF) project featuring LanzJet’s ATJ technology.

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The International Air Transport Association, in partnership with Worley Consulting, has published a study demonstrating that sufficient SAF feedstock exists to enable the airline industry to achieve net zero CO2 emissions by 2050.

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DHL Express has on Sept. 22 announced a new phase in its ongoing partnership with Cambridge University Press & Assessment, demonstrating significant efforts to reduce greenhouse gas emissions through the use of SAF.

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Wisconsin state lawmakers on Sept. 22 announced the introduction of the Forestry Revitalization Act, a bill that aims to provide $210 in incentives to attract the development of a proposed $1.5 billion woody biomass-to-SAF project.

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On Sept. 22, the Sustainable Aviation Buyers Alliance announced a new initiative to enable COP30 attendees to support the clean energy transition and address emissions from their air travel via the use of sustainable aviation fuel (SAF).

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oneworld alliance and member airlines, in partnership with Breakthrough Energy Ventures, on Sept. 17 announced the launch of a new investment fund designed to address the limited availability and high cost of today's SAF.

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Korean Air has expanded its use of domestically produced sustainable aviation fuel (SAF), introducing a SAF blend on flights to Kobe and Osaka. The flights will be fueled with a 1% SAF blend from Sept. 19, 2025, through Dec. 31, 2026.

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Gevo Inc. and HAUSH Ltd., a European-based leader in renewable energy projects, have entered into an agreement to explore developing ethanol and ethanol-to-jet (ETJ) facilities and business opportunities in Europe.

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The EU on Sept. 17 announced it will allocate approximately €100 million ($117.88 million) of EU Emissions Trading Systems emissions allowances to 53 aircraft operators to help offset costs of SAF used in 2024.

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EFT licensee Highbury Energy Inc. and WBCEC are advancing a CAD$210M Indigenous-led biomass-to-fuels project in Fort Frances, Ontario. The facility will use woody biomass to produce SAF and renewable diesel.

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The government of Australia on Sept. 17 announced plans to invest AU$1.1 billion ($731.84 million) to support the domestic production of drop-in, low-carbon liquid fuels, such as renewable diesel and sustainable aviation fuel (SAF).

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Haffner Energy and Luxaviation Group are strengthening their partnership with a non-exclusive 15-year offtake agreement in Europe with fixed SAF volume and price terms, both companies announced on Sept. 10.

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Provectus Biofuels Inc. on Sept. 11 announced it has signed a non-binding letter of intent with a regional Alberta airport that sets out indicative terms under which both parties intend to negotiate a definitive long-term offtake agreement for SAF.

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Worley has been awarded a contract by Preem for FEED verification for the planned conversion of the ICR plant at the Lysekil refinery in Sweden from conventional diesel production to the production of renewable diesel and SAF.

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The U.S. Department of Energy on Aug. 29 awarded funding to two SAF research projects, including a project that aims produce SAF from bio-derived methanol and a project that aims to use distillers grains with solubles (DGS) as a SAF feedstock.

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USA BioEnergy on Sept. 10 announced it has selected Johnson Matthey and Honeywell to provide their industry-leading process technologies to USA BioEnergy to produce synthetic paraffinic kerosene (SPK) at its Bon Wier, Texas biorefinery.

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Altalto (Immingham) Limited, owned by Velocys, on Sept. 8 announced it has been awarded funding from the U.K. Department for Transport's Advanced Fuels Fund to progress the basic engineering design of its flagship waste-to-SAF facility.

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The U.S. EIA reduced its outlook for 2025 biodiesel and renewable diesel production in its latest Short-Term Energy Outlook, released Sept. 9. The 2026 production outlook for other biofuels, which includes SAF, was revised up.

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Delta Air Lines, in collaboration with Shell and Portland International Airport (PDX), has taken delivery of sustainable aviation fuel (SAF) into the PDX fuel system, marking the first commercial-scale SAF uplift at PDX.

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Hawaiian Airlines on Aug. 29 announced it will be incorporating SAF on flights between Osaka, Japan, and Honolulu, Hawai‘i under a sales agreement between parent company Alaska Air Group Inc. and Cosmo Oil Marketing Co. Ltd.

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