Industry News

Noteworthy News From Around the World

Indian Government Initiatives Supporting Biofuel Production

India’s biofuel industry is witnessing significant growth, driven by government policies, subsidies, and increasing environmental concerns. The government has introduced strategic initiatives to boost advanced biofuels, expand biodiesel production in India, and strengthen the ethanol biofuel market.

These policies aim to promote sustainable energy alternatives, reduce dependency on fossil fuels, and align with India’s goal of achieving carbon neutrality. For businesses and investors in the sector, understanding the latest government incentives is crucial for making informed decisions and maximizing profits.

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The 29th annual UN Climate Conference (COP29) Baku, Azerbaijan

November 11-22, 2024 ∫ COP29 News

With global temperatures hitting record highs, and extreme weather events affecting people around the globe, COP29 will bring together leaders from governments, businesses, and civil society to advance concrete solutions to the defining issue of our time. A key focus of COP29 will be on finance, as trillions of dollars are required for countries to drastically reduce greenhouse gas emissions and protect lives and livelihoods from the worsening impacts of climate change.

COP28 ends with a call to ‘transition away’ from fossil fuels

December 13, 2023 ∫ United Nations News

Representatives from nearly 200 countries agreed at the COP28 climate summit on Wednesday to begin reducing global consumption of fossil fuels to avert the worst of climate change, signaling the eventual end of the oil age. The deal struck in Dubai after two weeks of hard-fought negotiations was meant to send a powerful message to investors and policy-makers that the world is united in its desire to break with fossil fuels, something scientists say is the last best hope to stave off climate catastrophe.

Boeing eyes Brazil as source for SAF supplies

August 17, 2023 ∫ biofuels international

Boeing has earmarked Brazil as a prospective world-leading producer of sustainable aviation fuels (SAF) as concerns over supplies grow. Concerns have been raised over SAF supplies, to meet global net-zero aims. Boeing has singled out Brazil given the country is already among the world’s largest producers of biofuels from agriculture.

Southwest Airlines announces new tool to enable support of SAF

August 17, 2023 ∫ biodieselmagazine.com

Southwest Airlines is proud to announce the launch of a new, innovative option for eligible corporate customers looking to support sustainable aviation fuel (SAF). Today, SAF is produced in limited volumes and comes at a significant price premium over conventional jet fuel, making it difficult for airlines to incorporate in substantial volumes into their operations.

IAG signs agreement with Microsoft for large-scale SAF purchase

August 16, 2023 ∫ biofuels-news.com

International Airlines Group (IAG) and Microsoft have signed the largest co-funded purchase agreement for sustainable aviation fuel (SAF) emissions reductions globally, where both parties are funding part of the cost of the supply. IAG’s industry-leading SAF programme has seen it commit to $865 million (€791 million) in future SAF purchases and investments as of the end of 2022.

Google joins Shell-backed SAF programme

August 16, 2023 ∫ biofuels-news.com

Google has corporate join a Shell-backed blockchain platform that allows airlines to sell sustainable aviation biofuels (SAF) credits to business customers. The Avelia programme was launched by Shell and American Express Global Business Travel (BGT) last year. It aims to initially offer 1 million gallons of SAF credits to corporate customers.

Air China successfully completes SAF powered flight

July 31, 2023 ∫ biofuels-news.com

Air China successfully operated an Airbus A350 using sustainable aviation fuel (SAF) with a blending ratio of 10%. This marked a positive milestone for the normalization of low-carbon flights, the airline said. The use of SAF in Air China‘s low-carbon flight demonstrated the commitment of the aviation industry towards environmental sustainability.

Biden-Harris Administration Announces Funding for Homegrown Biofuels as Part of Investing in America Agenda

June 26, 2023 ∫ U.S. Department of Agriculture

U.S. Department of Agriculture (USDA) Secretary Tom Vilsack today announced that USDA plans to invest up to $500 million from President Biden’s Inflation Reduction Act to increase the availability of domestic biofuels and give Americans additional cleaner fuel options at the pump.

EPA Finalizes New Renewable Fuel Standards to Strengthen U.S. Energy Security, Support U.S. Rural Economy, and Expand Production of Low-Carbon Fuels

June 21, 2023 ∫ U.S. Environmental Protection Agency

The U.S. Environmental Protection Agency (EPA) issued a final rule under the Renewable Fuel Standard (RFS) program that establishes the biofuel volume requirements for 2023 to 2025. This final rule builds on the RFS program’s progress over the previous two years and reflects the Biden-Harris Administration’s commitment to strengthen the nation’s energy independence, advance low-carbon fuels, and support agricultural communities.