SAF production to triple in 2024: IATA

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Fayaz Hussain

3 Jun 24

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The International Air Transport Association (IATA) expects sustainable aviation fuel (SAF) production to triple to 1.5m tonnes in 2024 – accounting for 0.24% of the…

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IATA to establish SAF registry

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Fayaz Hussain

3 Jun 24

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The International Air Transport Association (IATA) announced that it plans to setup a sustainable aviation fuel registry to report and account for remission reductions. “The…

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Stratos, AIA join hands to help decarbonise aviation

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Fayaz Hussain

23 May 24

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Monaco-based aircraft asset manager Stratos said it is partnering with the Aviation Impact Accelerator (AIA) to identify operational and financial levers required to help the…

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Preem secures €240m to expand biofuel production at Lysekil site

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Fayaz Hussain

21 May 24

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Swedish energy firm Preem announced that it has secured a loan agreement of approximately €240m($260.5m) to finance the expansion of its renewable fuel production capacity…

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Groupe ADP invests $20m in LanzaJet

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Fayaz Hussain

16 May 24

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LanzaJet announced a $20m investment from Groupe ADP in a first-of-its-kind collaboration within the industry which will help LanzaJet expand its sustainable aviation fuel (SAF)…

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Japan Airport Terminal-Euglena to develop SAF supply chain

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Fayaz Hussain

8 May 24

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Japanese microalgae technology company Euglena announced that it has signed an agreement with Japan Airport Terminal to jointly consider building a supply chain toward commercialising…

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Neste CEO Matti Lehmus steps down

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Fayaz Hussain

30 Apr 24

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Neste announced that Matti Lehmus, company’s president and CEO since May 2022, will be stepping down and the company has started search for his replacement. …

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Neste’s Q1 revenue drops to €4.8bn

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Fayaz Hussain

25 Apr 24

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Finnish renewable fuels company Neste saw its revenue decline in the first quarter of 2024 owing to lower market prices. Revenue for the quarter reached…

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Microsoft’s Climate Innovation Fund invests in LanzaJet to scale SAF

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Fayaz Hussain

23 Apr 24

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LanzaJet, a frontrunner in sustainable fuel technology, has secured additional funding from Microsoft’s Climate Innovation Fund to bolster the company’s efforts to globally deploy its…

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Cepsa raises €750m financing for biofuel, hydrogen plans

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Fayaz Hussain

5 Apr 24

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Spanish multinational oil and gas company Cepsa has successfully raised €750m from bond issue to bolster production of 2G biofuels including sustainable aviation fuel, HVO…

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Solarig to set up SAF plant in Spain with €780m investment

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Fayaz Hussain

4 Apr 24

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Madrid-based renewable energy firm Solarig said it will set up a sustainable aviation fuel (SAF) plant with a production capacity of 60,000 tonnes per annum…

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Southwest acquires SAFFiRE Renewables

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Fayaz Hussain

2 Apr 24

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Southwest Airlines announced that it has acquired SAFFiRE Renewables as part of the investment portfolio of its wholly owned subsidiary Southwest Airlines Renewable Ventures. This…

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Aemetis secures $200m under E-5 programme for SAF, renewable projects

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Fayaz Hussain

21 Mar 24

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Aemetis announced that it has secured $200m from US Citizenship and Immigration Services (USCIS) under EB-5 program investment for the Riverbank sustainable aviation fuel (SAF)…

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DHL Express, Standard Chartered to co-invest in SAF

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Fayaz Hussain

20 Mar 24

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DHL Express announced that they have signed a strategic partnership with Standard Chartered to co-invest in sustainable aviation fuel (SAF) helping the bank to balance…

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World Energy eyes $2bn DOE loan for Houston plant

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Fayaz Hussain

18 Mar 24

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World Energy announced it has been invited by the US Department of Energy (DOE) to submit the Part II Application for an approximately $2bn loan…

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