Biofuel Jet Fuel and SAF News Roundup

There is solid momentum happening behind
the scenes for Northwest Advanced Bio-Fuels LLC, as we move ever closer to the
construction of a facility to produce and supply Delta Air Lines with 60+
million gallons of biofuel jet fuel annually.

As we continue to forge new partnerships with
world-class engineering firms to fill the role of Owner’s Engineer, Project
Manager, and eventually Construction Manager, the SAF and biofuels world
continues to grow. Here are a few recent news stories that are indicative of
the future growth we will all see in this sector.

Agriculture
& Biofuels Industry Group Pushes for SAF Tax Credit

A group of biofuel and agriculture industry
associations teamed up recently to send a letter to the U.S. Senate members to
outline their recommendations for the SAF tax credit.

The undersigned groups are:

  • American Farm
    Bureau Federation

  • Growth Energy

  • National
    Biodiesel Board

  • National Corn
    Growers Association

  • National Farmers
    Union

  • Renewable Fuels
    Association

The letter comes at a time when the U.S. Senate and
House of Representatives are considering legislation to establish a tax credit
to promote and develop sustainable aviation fuel (SAF) this year.

New
Partnerships in SAF

The SAF biofuel jet fuel industry has notched
another high-profile partnership, helping its credibility to grow. In late
July, Boeing, SkyNRG, and SkyNRG Americas announced a partnership to help grow
the use and availability of sustainable aviation fuels (SAF) globally. Boeing
will also invest in SkyNRG Americas’ SAF production project.

White House targeting 2050 for all jet
fuel to be from renewable sources

The White House administration is said to be
targeting 2050 as the year for all U.S. airlines to fly on 100% jet fuel from
renewable sources. To do this, CNBC reports that

“The Biden
administration is contemplating incentives to support private-sector production
of sustainable aviation fuel (SAF) as it searches for ways to eliminate
greenhouse gas emissions in the hard-to-electrify aviation industry.”

The article continues to note that “Global
demand for jet fuel currently totals roughly 200 billion liters a year, but
airline trade group IATA estimates just 100 million to 120 million liters of
SAF will be produced in 2021 – just 0.05% of overall fuel.”

COVID
19 Impact on Biodiesel Demand

A new market research study predicts that
the global biodiesel market could hit $50.1 billion by 2027. This is despite
the devastating COVID-19 pandemic has had on our economy in the past 18 months.

The report notes that manufacturing activities and
logistic operations have seen a dip in the biodiesel market due to COVID.
However, once the pandemic subsides and the economy recovers, demand for
biodiesel products is expected to stabilize.

These are some of the biofuel jet fuel stories
that caught our eye in recent weeks. Learn more about the NWABF SAF
Project, which when completed, will produce and supply 60+ million gallons of biofuel
jet fuel annually for Delta Air
Lines. We are a committed team that’s excited for the future of sustainable
aviation fuel.

The need for renewable biofuel jet fuel
sources for airlines certainly won’t be resolved in the near future, but a
project like Northwest Advanced Bio-Fuels LLC is developing will certainly go a
long way to meet that need for the airline industry now and well into the
future.

To learn more about Northwest Advanced Bio-Fuels, LLC
on our website.

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