In October 2024, SAF progress involved airline work, government help, market growth, better availability, funding, and tech improvements.
- Qatar Airways and Virgin Australia have expanded their strategic partnership to advance sustainable aviation, focusing on Sustainable Aviation Fuel (SAF) and Low Carbon Aviation Fuel (LCAF) development in Australia.
- IAG Cargo has expanded its agreement with DHL, committing to purchase an additional ~16 million gallons of SAF.
- The Malaysian government has announced that the 2025 budget will include initiatives to promote palm oil-derived SAF.
- Southwest Airlines announced a SAF offtake agreement with Valero to bring SAF to Chicago Midway International Airport.
- Thailand’s PTT Global Chemical (PTT GC) announced their entry into the SAF market.
- Signature Aviation announced its partnership with Valero Marketing to expand SAF offerings to six more U.S. locations.
- The Brazilian Development Bank (BNDES) has announced a $45.2 million investment in Acelen, a Brazilian energy company, to establish an agro-industrial center in Montes Claros, Minas Gerais.
- Unifuel has raised $3 million in seed funding to advance its Flexiforming technology, aiming to reduce SAF production costs by up to 50% and cut carbon emissions by 75%.
- Technip Energies and Enerkem have partnered to accelerate Enerkem’s technology to convert non-recyclable waste, such as municipal solid waste (MSW) into sustainable fuels and circular chemicals.
- The U.S. Treasury Department and Internal Revenue Service have issued additional guidance for the 40B sustainable aviation fuel (SAF) tax credit.
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