The International Air Transport Association (IATA) estimates that SAF production will reach at least 300 MM liters in 2022—a 200% increase on 2021 production of 100 MM liters.
Mexican state oil company Pemex said it has been falling behind in a global race to transition from fossil to renewable energy sources, and that stricter demands from environmentally conscious investors pose a threat.
Saudi Arabia and Japan signed a memorandum of cooperation (MoC) in the fields of the circular carbon economy, carbon recycling, clean hydrogen and fuel ammonia, the Saudi Energy Ministry said on Twitter.
VistaJet continues to push forward with its plan for more sustainable aviation solutions and announces an agreement with AEG Fuels to purchase SAF produced by OMV at Vienna International Airport.
Nippon Cargo Airlines (NCA), the only international cargo airline based in Japan, has for the first time used Neste MY Sustainable Aviation Fuel for several cargo flights in November and December this year.
JPMorgan said it had set targets to cut emissions tied to its finance and dealmaking in the iron and steel, cement and aviation sectors, as those emissions linked to oil and gas usage rose.
Ørsted takes final investment decision to build Europe’s largest production facility, FlagshipONE, for green fuel for the shipping industry.
Neste is helping the data center specialist LCL make a switch to renewable energy sources for its emergency power generators by providing the company with Neste MY Renewable Diesel.
The Biden administration could change the nation's biofuel blending law next year to offer lucrative credits to electric vehicle manufacturers like Tesla, a major rewrite that the oil industry criticizes as subsidizing the EV industry.
Air New Zealand said it had partnered with four aircraft makers to develop zero-emission demonstrator flights by 2026, using electric, green hydrogen and hybrid technologies.