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Aemetis reports improved revenues in Q1

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By Erin Krueger

May 11, 2026

Biogas Sustainable Aviation Fuels Business Operations 

Aemetis Inc. on May 7 released Q1 results, reporting a 27% increase in revenues with growth across its ethanol, RNG and biodiesel segments. Plans for a proposed renewable diesel and SAF plant continue to be impacted by 45Z guidance delays.

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EcoCeres has signed an investment letter of intent with the Dongguan Municipal People's Government to establish the first complete sustainable aviation fuel (SAF) supply chain in the Guangdong-Hong Kong-Macao Greater Bay Area.

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Topsoe has entered into an agreement with Texas based, BioVeritas. The agreement will enable fuel producers to license Topsoe’s HydroFlex technology alongside the BioVeritas Process to produce renewable fuels from second-generation feedstocks.

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The U.S. exported nearly 50,000 barrels per day (b/d) of renewable diesel and other biofuels—a category which includes sustainable aviation fuel (SAF)—in the second half of 2025 (2H25), about 20% of the combined production for those fuels.

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Par Pacific Holdings Inc. on May 5 confirmed that its Hawaii renewable fuels facility began operations in April. The biorefinery has the capacity to produce 61 MMgy of renewable diesel, SAF and other renewable fuels.

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U.K.-based Clean Planet Technologies has announced the opening of a pilot facility that converts waste plastic to sustainable aviation fuel (SAF). The facility utilizes pyrolysis, purification, distillation and hydroprocessing technologies.

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Sasol has reached a major milestone in South Africa’s energy and industrial transition, with Natref becoming the first refinery in Africa to achieve product sustainability certification for key fuels production pathways.

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U.S. fuel ethanol production capacity expanded in February, according to data released by the U.S. EIA. Biodiesel production capacity and production capacity for renewable diesel and associated biofuels remained steady.

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Phillips 66 released Q1 financial results on April 29, reporting a decrease in pre-tax loss for its renewable fuels segment. As economics for biobased diesel fuels continue to improve, the company expects to see additional improvement in Q2.

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Restaurant Technologies Inc. recycled a record 393 million pounds of used cooking oil (UCO) in 2025. Nearly 100% of the UCO was manufactured into renewable diesel or biodiesel for vehicles on the road, or into SAF for aircraft.

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XCF Global Inc. on April 30 announced that its New Rise Renewables Reno facility maintain sustainability certification that supports the production and documentation of CORSIA eligible SAF, with certifications valid as of today.

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Neste Corp.’s renewable products segment experienced a significant increase in earnings during the first quarter of 2026 despite lower production volumes. The increase is attributed to stronger term sales premiums and surging fossil fuel prices.

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Valero Energy Corp. on April 30 released first quarter financial results, reporting a profitable three-month period for both its ethanol segment and Diamond Green Diesel joint venture, which produces renewable diesel and SAF.

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Kentucky Gov. Andy Beshear on April 27 signed legislation that creates a tiered tax credit for SAF that allows taxpayers to claim up to $3 per gallon in incentives. The credit is slated to be in effect from Jan. 1, 2029, through the end of 2034.

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DSV is collaborating with Microsoft, United Airlines and Phillips 66 to unlock 11 million gallons of sustainable aviation fuel. United Airlines will use the fuel while DSV and Microsoft participate through a book-and-claim methodology.

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Shaphargroup has announced its plans to deploy Honeywell UOP's Ecofining process technology for its flagship SAF facility at the Port of Rotterdam. The facility will be designed to produce 200,000 MT of HEFA-SAF per year.

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The government of India on April 23 announced it has amended its Aviation Turbine Fuel regulations to allow SAF to be blended with fossil-based jet fuel. The change aims to reduce emissions and keep India aligned with the global supply chain.

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Rep. Mariannette Miller-Meeks, R-Iowa, pressed U.S. Energy Secretary Chris Wright on his support for biofuels and the administration’s request to reduce DOE funding for renewable fuels by 98% during an April 16 congressional hearing.

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Topsoe has been selected by Abundia Global Impact Group to deliver its HydroFlex technology for multiple plastic waste-to-fuel facilities in North America that will produce chemical feedstock, diesel and SAF.

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The Minnesota House of Representatives Taxes Committee on April 8 heard testimony in support of a bill that aims to expand and extend the state’s existing sustainable aviation fuel (SAF) tax credit, which was established in 2023.

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A 2025 annual report published by Egypt-based petrochemicals company Echem details progress on the development of a $570 million sustainable aviation fuel (SAF) facility and $193 million ethanol plant.

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Nippon Express Co. Ltd. and announced an agreement with Nikon Corp. for the provision of air cargo transport services utilizing SAF the goal being to help reduce Nikon's Scope 3 CO2 emissions by utilizing the NX Group's "NX-GREEN SAF Program."

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The U.S. EPA has approved a fuel pathway filed by Summit Next Gen LLC for the production of renewable diesel and SAF from undenatured sugarcane ethanol. The pathway was approved on Jan. 6 and publicly released by the agency on April 20.

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XCF Global Inc. and DevvStream Corp., as part of their previously announced agreement with Southern Energy Renewables Inc., have announced plans to explore development of a platform designed to generate, verify, and market 45Z credits.

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Gevo, an advanced biofuels company based in Colorado, has licensed two patented catalyst technologies from the U.S. Department of Energy’s Oak Ridge National Laboratory for use in the production of sustainable aviation fuel (SAF).

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Southern Energy Renewables Inc. and Axens on April 7 announced the companies have signed a MOU to collaborate on the development of SAF and related fuel projects, with an initial focus on Southern's planned biomass to fuel facility in Louisiana.

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Nearly 1.93 billion RINs were generated under the RFS in March, up 1% when compared to March 2025, according to data released by the U.S. EPA on April 16. Total RIN generation for the first three months of the year reached nearly 4.9 billion.

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XCF Global Inc. and DevvStream Corp. on April 14 announced the execution of a definitive business combination agreement with Southern Energy Renewables Inc., an important milestone in the parties’ previously announced SAF initiative.

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XCF Global Inc. on April 9 announced that it has entered into a binding term sheet with BGN INT US LLC to explore developing a global distribution and logistics partnership for SAF, renewable diesel and renewable naphtha.

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The DHL Group on April 14 announced a major expansion of its SAF collaboration with IAG Cargo. The new five-year agreement, together with a previous 2025 renewal, will enable approximately 240 million liters of SAF uplifted at Heathrow Airport.

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