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Montana Renewables receives first tranche of $1.44 billion DOE loan guarantee

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By Erin Voegele

February 19, 2025

Sustainable Aviation Fuels Business 

Calumet Inc. on Feb. 18 announced that its subsidiary Montana Renewables LLC has received the first drawdown of approximately $782 million from its $1.44 billion U.S. DOE loan guarantee. The loan will fund the expansion of SAF production capacity.

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Neste Corp. on Feb. 13 released fourth quarter financial results, reporting that its renewables segment was impacted by both market and operational challenges during the three-month period. Sustainable aviation fuel (SAF) sales, however, were up.

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Gevo Inc. and Axens have announced the formation of a new strategic alliance to accelerate development and commercialization of sustainable aviation fuel (SAF) using the ethanol-to-jet (ETJ) pathway.

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At the FrontFuel SynFuels demonstration project in Foulum, Denmark, Topsoe and Sasol have successfully converted biogas and CO2 to a synthetic crude.

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Key players in Europe’s aviation industry, including airlines, airports and manufacturers have outlined to EU policymakers seven critical measures to stimulate sustainable aviation fuel (SAF) production in Europe.

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Jord AB and Votion Biorefineries AB have announced a strategic partnership to convert Jord’s sustainable C4-grass biomass into biocrude and sustainable aviation fuel (SAF). This collaboration aims to accelerate the global energy transition.

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Global Bioenergies has signed a term sheet with a large international industrialist (undisclosed) to co-develop a process leading to sustainable aviation fuels (SAF) at a reduced cost and an improved CO2 reduction.

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To further strengthen their collaboration on reducing emissions in logistics, DHL Group and Neste have agreed to jointly evaluate how Neste’s renewable solutions, such as renewable diesel and SAF, can support DHL in its decarbonization targets.

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Avfuel Corp. on Jan. 31 announced it is expanding the availability of sustainable aviation fuel (SAF) by offering the fuel at three additional supply terminals located in Linden, New Jersey; Pasadena, Texas; and Florida’s Port Everglades.

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The U.K. Department for Transport has announced it will invest £63 million over the next year under its Advanced Fuels Fund to support SAF producers. The agency also issued a response to its consultation on a revenue certainty mechanism for SAF.

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Moeve and Norwegian signed a contract to accelerate the decarbonization of air transport between Spain and the Nordic region by promoting SAF. Moeve produces SAF at its La Rábida Energy Park (Huelva) from used cooking oils.

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The Singapore Airlines (SIA) Group has signed a memorandum of understanding (MoU) to potentially source neat sustainable aviation fuel (SAF) from Aether Fuels, which plans to commence production in five years.

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IATA releases SAF accounting and reporting methodology

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By International Air Transport Association

February 05, 2025

The International Air Transport Association on Jan. 31 released its methodology for accounting and reporting the emissions reduction associated with the use of sustainable aviation fuel (SAF) by airlines.

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Blue Biofuels has signed an agreement to acquire 35.5 acres of land in Frostproof, Florida. The company plans to develop a 3 MMgy facility on the site. Planned expansion projects would boost capacity to 100 MMgy of cellulosic ethanol and SAF.

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Phillips 66 on Jan. 31 released fourth quarter financial results, reporting improved earnings for its renewable fuels segment on higher margins for its Rodeo complex in California and stronger international results.

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Boeing announced it has become a key project development partner of Norsk e-Fuel, a company developing an industrial-scale power-to-liquids (PtL) facility in Europe that will produce sustainable aviation fuel (SAF).

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Valero Energy Corp. on Jan. 30 released Q4 financial results, reporting that both its ethanol and renewable diesel segments were profitable during the period. The company also announced that its SAF project in Texas is fully operational.

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Texas Gov. Greg Abbot on Jan. 29 announced Summit Next Gen LLC’s proposed ethanol-to-SAF project under development near Houston qualifies under the state’s new Texas Jobs, Energy, Technology and Innovation (JETI) program.

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Calumet on Jan. 28 announced disbursement of the first tranche of its $1.44 billion U.S. DOEloan guarantee to support the expansion of SAF production at its Montana Renewables facility will be delayed to allow review by the Trump administration.

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Rep. Beth Van Duyne, R-Texas, on Jan. 16 introduced a bill that aims to repeal the Section 45Z clean fuel production credit. The tax credit, established by the IRA, supports the production of various low-carbon transportation fuels.

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DHL Express has signed a deal with Cosmo Oil Marketing Co. Ltd. for the purchase of sustainable aviation fuel (SAF) to drive emission-reduced air freight in Japan. The deal represents an annual purchase of 7.2 million liters of SAF.

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Haffner Energy, LanzaTech, and LanzaJet on Jan. 28 announced they are working together to explore joint biomass-to-sustainable aviation fuel (SAF) projects covering the entire production value chain.

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South Dakota lawmakers on Jan. 24 voted 10 to 3 to advance a bill that aims to prevent the use of eminent domain for the development of CO2 pipelines. Representatives of ethanol and SAF producers testified against the legislation.

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SAF Magazine, in collaboration with the CAAFI, has announced the 2025 North American SAF Conference & Expo will be held Sept. 22-24 in Minneapolis, Minnesota, at the Minneapolis Convention Center. Speaker abstracts can be submitted through May 9.

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SkiesFifty and Frontline BioEnergy have announced a new partnership to advance the commercialization of waste-to-energy technology, targeting the production of SAF. Together, they will establish a new company to spearhead the initiative.

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OMV and Airbus have signed a memorandum of understanding to advance the decarbonization of the aviation industry through SAF. The companies will explore joint solutions to broaden the voluntary access to SAF for various customer groups.

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Enilive has announced commissioning is underway at it’s the Gela biorefinery in on the Italian island of Sicily. The facility has the capacity to produce 400,000 metric tons per year of sustainable aviation fuel (SAF).

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Topsoe has signed an agreement with Chuangui New Energy company to provide technology and services to produce SAF and renewable diesel. Construction on the project has begun and the facility is expected to be operational in December 2026.

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LanzaJet on Jan. 22 announced the selection of the site for its next production facility, Project Speedbird, in Teesside’s Wilton International. The U.K.-based facility will have the capacity to produce 30 MMgy of SAF and renewable diesel.

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Sen. Jerry Moran, R-Kan., and a bipartisan groups of colleagues on Jan. 16 reintroduced the Farm to Fly Act, a bill that aims to accelerate the production and development of sustainable aviation fuel (SAF).

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