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CVR Energy reports increased renewables production for Q2

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By Erin Krueger

August 01, 2025

Operations Business Sustainable Aviation Fuels 

CVR Energy Inc. on July 30 reported its renewables segment achieved increased throughput during Q2 despite unplanned downtime but reported a net loss of $11 million. The company expects to retroactively claim the 45Z credit for volumes produced.

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SAF-producer XCF Global Inc. on July 28 announced it has signed an exclusive, non-binding indication of intent (IOI) with a renewable fuels infrastructure and feedstock solutions company based in the western U.S.

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The European Commission on July 28 approved a €36 million ($41.07 million) Danish state aid scheme designed to encourage airlines operating in Denmark to use sustainable aviation fuel (SAF) on domestic routes.

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Domestic production of SAF to meet 30% of New Zealand's jet fuel needs by 2050 could generate NZD 1.3 billion in GVA and create 5,700 jobs, while also strengthening fuel security, according to a Cyan Ventures study supported by Boeing.

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The Civil Aviation Decarbonization Organization, and 4AIR announced a strategic collaboration between their respective SAF registries. The collaboration's key focus is on interoperability to enhance data integrity and mitigate double issuance risks.

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Chevron Lummus Global announced a successful commercial test for coprocessing biogenic feedstocks and fossil feedstocks at INA Group's Rijeka Refinery in Croatia. SAF and renewable diesel were produced during the test.

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Phillips 66 on July 25 released Q2 financial results, reporting the company’s Rodeo Renewable Energy Complex in California continues to run at reduced rates due to market conditions. Pre-tax income for the renewables segment was up when compared to Q1.

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ATOBA Energy and Air Moana are partnering to implement scalable solutions for the supply of SAF. The collaboration aims to ensure long-term SAF availability while supporting local initiatives to develop sustainable fuel production in Tahiti.

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While final IRS guidance is still pending, the foundation of the 45Z program is well defined. Clean fuel producers should no longer be waiting; they can now move forward with critical planning and preparation, according to EcoEngineers.

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Neste Corp. on July 24 released second quarter results, reporting record quarterly renewable product sales volumes despite weaker margins. SAF sales were up nearly 80% when compared to the first quarter of 2025.

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Valero Energy Corp. on July 24 released second quarter results, reporting a profitable three-month period for its ethanol segment. The renewable diesel segment posted a loss, but the company’s new sustainable aviation fuel (SAF) unit operated well.

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Par Pacific Holdings Inc., Mitsubishi Corp. and ENEOS Corp. on July 21 announced the signing of definitive agreements to establish Hawaii Renewables LLC, a joint venture to produce renewable fuels at Par Pacific’s refinery in Kapolei Hawaii.

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Reps. Mike Flood, R-Neb., and Troy A. Carter, Sr., D-La., on July 21 reintroduced the SAF Information Act. The bill directs the U.S. EIA to more explicitly include SAF data in its weekly and monthly reports.

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The U.K. Department for Transport on July 22 awarded £63 million ($82.22 million) to 17 sustainable aviation fuel (SAF) companies through the governments’ Advanced Fuels Fund. The funding is expected to support approximately 1,400 jobs.

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Shell Aviation, Accenture, and Amex GBT on July 10 announced Avelia is in the process of evolving to an industry solution with independent data hosting and a multi-supplier model helping users access the GHG benefits of SAF.

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The U.S EPA on July 17 released data showing more than 1.9 billion RINs were generated under the RFS during June, down 11% when compared to the same month of last year. Total RIN generation for the first half of 2025 reached 11.17 billion.

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Avia Solutions Group, the world's largest ACMI (aircraft, crew, maintenance, and insurance) provider, has partnered with DHL Express to reduce greenhouse gas emissions from its international shipments using SAF.

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Velocys on July 16 announced it will supply its Fischer-Tropsch (FT) technology to an electrified biogas-to-SAF project under development in Uruguay by Syzygy Plasmonics. The proposed facility is expected to be operational in 2027.

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Bangkok Airways Public Company Limited has officially announced the adoption of sustainable aviation fuel (SAF) on its commercial flights, reinforcing Thailand’s green aviation industry. The initiative took effect starting July 1, 2025.

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Avalon Energy Group LLC and Sulzer Chemtech have signed a strategic alliance and partnership agreement to scale up the production of SAF. Under the agreement, Avalon has selected BioFlux technology for its portfolio of SAF projects.

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Neste and DHL Express have strengthened their collaboration with the supply of 7,400 tons (9.5 million liters) of neat, i.e. unblended, Neste MY Sustainable Aviation Fuel to DHL Express at Singapore Changi Airport starting July 2025.

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As the demand for artificial intelligence grows, so does the need for sustainable power sources to operate data centers. Can bioenergy help answer the call?

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The U.S. Energy Information Administration maintained its forecast for 2025 and 2026 biodiesel, renewable diesel and sustainable aviation fuel (SAF) production in its latest Short-Term Energy Outlook, released July 8.

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XCF Global Inc. on July 10 shared its strategic plan to invest close to $1 billion in developing a network of SAF production facilities, expanding its U.S. footprint, and advancing its international growth strategy.

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U.S. fuel ethanol capacity fell slightly in April, while biodiesel and renewable diesel capacity held steady, according to data released by the U.S. EIA on June 30. Feedstock consumption was down when compared to the previous month.

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XCF Global Inc. on July 8 provided a production update on its flagship New Rise Reno facility, underscoring that the plant has successfully produced SAF, renewable diesel, and renewable naphtha during its initial ramp-up.

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EcoCeres Inc. has signed a multi-year agreement to supply British Airways with sustainable aviation fuel (SAF). The fuel will be produced from 100% waste-based biomass feedstock, such as used cooking oil (UCO).

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President Trump on July 4 signed the “One Big Beautiful Bill Act.” The legislation extends and updates the 45Z credit and revives a tax credit benefiting small biodiesel producers but repeals several other bioenergy-related tax incentives.

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SAF Magazine and the Commercial Aviation Alternative Fuels Initiative announced the preliminary agenda for the North American SAF Conference and Expo, being held Sept. 22-24 at the Minneapolis Convention Center in Minneapolis, Minnesota.

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Saipem has been awarded an EPC contract by Enilive for the expansion of the company’s biorefinery in Porto Marghera, near Venice. The project will boost total nameplate capacity and enable the production of SAF.

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