The downstream oil sector’s leading trade begins its new phase as Fuels Industry UK to demonstrate its evolving remit to champion low carbon fuels as well as traditional petroleum products. Previously known as the United Kingdom Petroleum Industry Association (UKPIA), the change reflects its members' ambition to manufacture and supply the biofuels, low carbon hydrogen... [Read More]

US oil refiner Phillips 66 and grain trader Archer-Daniels-Midland (ADM) are in talks over a new biofuels joint venture, Reuters reported. The aim is of the collaboration is to produce sustainable aviation fuel (SAF). The oil and corn-based ethanol industries, which were at odds for years over blending mandates, have increasingly become allies amid a series of partnerships... [Read More]

Google has joined 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. The initiative aims to connect... [Read More]

The American Coalition for Ethanol (ACE) has called on US President Joe Biden to ensure the Environmental Protection Agency (EPA) promptly finalises its proposed regulation to eliminate the 1-pound per square inch (psi) Reid vapour pressure (RVP) waiver for petroleum containing 10% ethanol (E10) in eight states. In a letter to President Biden, ACE CEO Brian Jennings... [Read More]

According to the UK’s Department for Transport (DfT) renewable fuels made up of 8.2% of the country’s road transport and non-road mobile machinery fuel mix this year. Between 1 January and 3 August 1.969 billion litres equivalent of renewable fuels were supplied in the UK, according to Argus Media analysis. Biodiesel accounted for 39% of total renewable fuels supplied... [Read More]

Eni, Enel and other Italian energy groups look set to benefit from a partial transfer of European Union funds to the REPowerEU scheme. In a report analysing Italy's challenges to spend €191.5 billion of EU post-COVID funds by 2026, DBRS noted that the Italian government was trying to shift some of that money to the green energy initiative REPowerEU, Reuters reported. "We... [Read More]

The IEA has presented key findings from its new report, Biofuel Policy in Brazil, India and the United States – Insights for the Global Biofuel Alliance. This was done at a special meeting of government ministers who convened at the G20 Energy Transitions Ministerial Meeting, which identified Fuels for the Future as a priority area. The event in Goa, India, was opened... [Read More]

As biofuels gain market traction their use has been increasingly motivated by new regulatory programmes and tax incentives. These programmes and incentives have quickly grown to be prominent, well-funded and increasingly widespread in both the US and the European Union. A critical tool for the growth of these programmes has been the ability to measure the renewable portion... [Read More]

The Port of Rotterdam Authority has welcomed the ambition of the International Maritime Organisation (IMO) to be climate-neutral by 2050. The authority views the new agreements set out by the 175 IMO Member States as an important foundation for climate-proofing the shipping sector. “Considering the diverse viewpoints of flag states in the IMO, the result obtained... [Read More]

US refiners intend to challenge the Biden administration's rejection of waivers to exempt oil refiners from biofuel blending mandates. This has left several on the hook for hundreds of millions of dollars, Par Pacific told Reuters. The Environmental Protection Agency (EPA), which has the authority to issue the waivers, denied exemption requests from 15 small refineries... [Read More]

MEPs have approved new rules on cleaner maritime fuels. The new rules are part of the “Fit for 55 in 2030 package”, the EU’s plan to reduce greenhouse gas emissions by at least 55% by 2030 compared to 1990 levels with the aim of decarbonising transport. During the negotiations with Council, they ensured that ships will have to gradually reduce greenhouse gas (GHG)... [Read More]

The International Air Transport Association (IATA) will publish an annual Track Zero report using its tracking methodology to report industry-level progress towards aviation’s commitment to net-zero carbon emissions by 2050. The Net Zero Tracking Methodology and related reporting process were developed with industry experts. IATA will aggregate and report annually... [Read More]

UKPIA is calling on the UK Government to set an achievable target for the amount of sustainable aviation fuel (SAF) used by UK airlines in 2025 or risk higher prices for passengers. In response to the Government’s consultation on Developing the UK Sustainable Aviation Fuel Mandate, UKPIA said that setting a target for SAF above 0.5% as a proportion of jet fuel in 2025... [Read More]

The International Air Transport Association (IATA) will launch the IATA World Sustainability Symposium (WSS) in Madrid, Spain on 3-4 October. With governments now aligned with the industry’s commitment to decarbonise aviation by 2050, this symposium will facilitate critical discussions, in seven key areas: • The overall strategy to achieve net zero emissions by 2050,... [Read More]

The Biden administration has increased the amount of biofuels that oil refiners must blend into the nation's fuel mix over the next three years, but the plan includes lower mandates for corn-based ethanol than it has initially proposed. The US Environmental Protection Agency has finalised biofuel blending volumes at 20.94 billion gallons in 2023, 21.54 billion gallons... [Read More]

UKPIA is calling on the UK Government to set an achievable target for the amount of sustainable aviation fuel (SAF) used by UK airlines in 2025 or risk higher prices for passengers. In response to the Government’s consultation on Developing the UK Sustainable Aviation Fuel Mandate, UKPIA said that setting a target for SAF above 0.5% as a proportion of jet fuel in 2025... [Read More]

France will invest €200 million to boost the production of sustainable aviation fuels (SAF) as part of measures to make the French and the European aviation industry greener, President Emmanuel Macron said. "The French must be the champions of the ultra-sober aircraft," Macron said. The French President was speaking during a visit of a site of aerospace engine-maker... [Read More]