Sustainable Aviation Fuel
Phillips 66 outlines nearly $3-B capital program for 2025
Phillips 66 announced a 2025 capital budget of $2.1 billion, including $998 million for sustaining capital and $1.1 billion for growth capital.
Drax to supply biomass pellets to U.S. SAF project
British power company Drax has reached an agreement on the terms of a multi-year supply deal of biomass pellets for Pathway Energy's proposed SAF project in the United States.
Samsung E&A awarded $955-MM contract for 650,000-tpy biofuels plant in Malaysia
SAMSUNG E&A announced that it secured the EPCC contract for a 650,000-tpy biorefinery that will have the capability to produce sustainable aviation fuel and other biofuels such as renewable diesel/hydrogenated vegetable oil. This biorefinery will be located within PETRONAS’ Pengerang Integrated Complex, Johor, Malaysia.
CleanJoule releases SpaceSAF to enable sustainable space missions
CleanJoule, the full performance sustainable aviation fuel (SAF) company, has released SpaceSAF™, its newest product that is a drop-in replacement for super refined kerosene fuels used in liquid rockets (Rocket Propellant 1/RP-1 and RP-2).
Global airlines could miss sustainable fuel targets, says IATA
The aviation industry is not moving fast enough to reach its targets for producing and using sustainable aviation fuel, the head of airline trade body IATA Willie Walsh said, as it aims for net-zero emissions by 2050.
Aramco, TotalEnergies and SIRC assess the development of SAF unit
Aramco, TotalEnergies and Saudi Investment Recycling Company (SIRC), the major player which collects and valorizes organic materials into sustainable products in Saudi Arabia, have signed a joint development and cost sharing agreement (JDCSA) to assess the development of a sustainable aviation fuels (SAF) production unit in the Kingdom of Saudi Arabia.
Phillips 66 and United Airlines sign SAF supply agreement
Phillips 66 and United Airlines have signed an agreement under which Phillips 66 will supply sustainable aviation fuel to United Airlines at Chicago O’Hare International Airport and Los Angeles International Airport, helping advance lower-carbon fuels in Illinois and California.
Biden administration will not finalize clean fuel tax credit guidance
Biden administration officials will not finalize highly anticipated guidelines on new clean fuel production tax credits aimed at the airline and biofuel industries before they leave in January, casting doubt on the future of a key piece of the U.S. president’s climate agenda.
Elyse Energy secures €120 MM to accelerate development of e-methanol and SAF
Elyse Energy, a pioneering French company producing sustainable fuels and low-carbon feedstock, has secured €120 MM from Hy24, PGGM, Bpifrance and Mirova to accelerate development of its e-methanol and sustainable aviation fuel (SAF) production projects in France and Spain, addressing the growing demand for decarbonization solutions in the aviation, maritime and chemical sectors.
Obrist Group: Methanol is the ideal fossil fuel replacement for key industries
Methanol is the ideal replacement for fossil fuels in numerous key industries. This conclusion was reached by the engineering and consulting firm ILF Consulting Engineers, the patent and law firm ETL-IP, and the auditing company BDO in a joint due diligence of the German-Austrian industrial group Obrist Group.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
